Proficio Capital Partners LLC Has $369,000 Stake in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Proficio Capital Partners LLC grew its holdings in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 29.8% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,868 shares of the semiconductor company’s stock after purchasing an additional 429 shares during the quarter. Proficio Capital Partners LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $369,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Stonebridge Financial Group LLC bought a new stake in Taiwan Semiconductor Manufacturing in the 4th quarter valued at $25,000. Roxbury Financial LLC acquired a new position in shares of Taiwan Semiconductor Manufacturing during the fourth quarter valued at about $29,000. Endeavor Private Wealth Inc. bought a new stake in shares of Taiwan Semiconductor Manufacturing in the fourth quarter valued at about $40,000. Human Investing LLC acquired a new stake in Taiwan Semiconductor Manufacturing during the fourth quarter worth about $41,000. Finally, Yong Rong HK Asset Management Ltd bought a new position in Taiwan Semiconductor Manufacturing during the fourth quarter valued at about $46,000. Institutional investors and hedge funds own 16.51% of the company’s stock.

Taiwan Semiconductor Manufacturing Stock Down 0.1 %

Shares of NYSE TSM opened at $180.92 on Wednesday. Taiwan Semiconductor Manufacturing Company Limited has a 52-week low of $125.78 and a 52-week high of $226.40. The company has a debt-to-equity ratio of 0.24, a quick ratio of 2.30 and a current ratio of 2.57. The business has a fifty day moving average of $194.86 and a two-hundred day moving average of $192.62. The stock has a market cap of $938.33 billion, a PE ratio of 25.70, a PEG ratio of 0.66 and a beta of 1.13.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last announced its quarterly earnings results on Thursday, January 16th. The semiconductor company reported $2.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.16 by $0.08. Taiwan Semiconductor Manufacturing had a net margin of 40.51% and a return on equity of 30.47%. As a group, equities research analysts expect that Taiwan Semiconductor Manufacturing Company Limited will post 9.2 earnings per share for the current fiscal year.

Taiwan Semiconductor Manufacturing Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 10th. Investors of record on Thursday, June 12th will be given a dividend of $0.6855 per share. The ex-dividend date is Thursday, June 12th. This is a positive change from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.55. This represents a $2.74 dividend on an annualized basis and a yield of 1.52%. Taiwan Semiconductor Manufacturing’s dividend payout ratio is 30.68%.

Analysts Set New Price Targets

Several brokerages recently commented on TSM. StockNews.com cut Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a research report on Tuesday, January 28th. Barclays increased their price objective on shares of Taiwan Semiconductor Manufacturing from $240.00 to $255.00 and gave the company an “overweight” rating in a research note on Friday, January 17th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $225.00 target price on shares of Taiwan Semiconductor Manufacturing in a research note on Tuesday, February 18th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $220.00.

Taiwan Semiconductor Manufacturing Company Profile

Taiwan Semiconductor Manufacturing Company Limited, together with its subsidiaries, manufactures, packages, tests, and sells integrated circuits and other semiconductor devices in Taiwan, China, Europe, the Middle East, Africa, Japan, the United States, and internationally. It provides a range of wafer fabrication processes, including processes to manufacture complementary metal- oxide-semiconductor (CMOS) logic, mixed-signal, radio frequency, embedded memory, bipolar CMOS mixed-signal, and others.