Arkadios Wealth Advisors Has $2.16 Million Stock Holdings in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Arkadios Wealth Advisors lifted its stake in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 7.8% during the fourth quarter, Holdings Channel reports. The firm owned 10,923 shares of the semiconductor company’s stock after purchasing an additional 792 shares during the quarter. Arkadios Wealth Advisors’ holdings in Taiwan Semiconductor Manufacturing were worth $2,157,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of TSM. ProVise Management Group LLC raised its position in shares of Taiwan Semiconductor Manufacturing by 5.3% during the second quarter. ProVise Management Group LLC now owns 1,769 shares of the semiconductor company’s stock worth $307,000 after purchasing an additional 89 shares during the period. Brighton Jones LLC raised its position in shares of Taiwan Semiconductor Manufacturing by 12.3% during the second quarter. Brighton Jones LLC now owns 7,722 shares of the semiconductor company’s stock worth $1,342,000 after purchasing an additional 845 shares during the period. Ieq Capital LLC raised its position in shares of Taiwan Semiconductor Manufacturing by 31.5% during the second quarter. Ieq Capital LLC now owns 16,040 shares of the semiconductor company’s stock worth $2,788,000 after purchasing an additional 3,843 shares during the period. King Luther Capital Management Corp raised its position in Taiwan Semiconductor Manufacturing by 4.7% during the second quarter. King Luther Capital Management Corp now owns 6,812 shares of the semiconductor company’s stock valued at $1,184,000 after buying an additional 308 shares during the period. Finally, AE Wealth Management LLC raised its position in Taiwan Semiconductor Manufacturing by 10.1% during the second quarter. AE Wealth Management LLC now owns 14,481 shares of the semiconductor company’s stock valued at $2,517,000 after buying an additional 1,328 shares during the period. 16.51% of the stock is owned by institutional investors and hedge funds.

Taiwan Semiconductor Manufacturing Price Performance

Shares of NYSE:TSM opened at $211.52 on Friday. The business has a 50 day moving average price of $198.02 and a 200 day moving average price of $184.44. Taiwan Semiconductor Manufacturing Company Limited has a twelve month low of $109.48 and a twelve month high of $222.20. The company has a market cap of $1.10 trillion, a price-to-earnings ratio of 33.90, a PEG ratio of 0.76 and a beta of 1.07. The company has a quick ratio of 2.30, a current ratio of 2.57 and a debt-to-equity ratio of 0.24.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last announced its earnings results on Thursday, January 16th. The semiconductor company reported $2.24 earnings per share for the quarter, beating the consensus estimate of $2.16 by $0.08. Taiwan Semiconductor Manufacturing had a return on equity of 27.44% and a net margin of 39.10%. Research analysts predict that Taiwan Semiconductor Manufacturing Company Limited will post 6.92 earnings per share for the current year.

Taiwan Semiconductor Manufacturing Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 10th. Shareholders of record on Tuesday, March 18th will be issued a $0.5484 dividend. This is a boost from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. The ex-dividend date of this dividend is Tuesday, March 18th. This represents a $2.19 annualized dividend and a yield of 1.04%. Taiwan Semiconductor Manufacturing’s dividend payout ratio is 30.77%.

Wall Street Analysts Forecast Growth

TSM has been the topic of several recent analyst reports. Needham & Company LLC reissued a “buy” rating and set a $225.00 price target on shares of Taiwan Semiconductor Manufacturing in a research report on Thursday. Barclays upped their target price on Taiwan Semiconductor Manufacturing from $240.00 to $255.00 and gave the stock an “overweight” rating in a research report on Friday. Susquehanna reiterated a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a research note on Friday, October 18th. Finally, StockNews.com downgraded Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a research note on Sunday, November 17th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $220.00.

About Taiwan Semiconductor Manufacturing

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.