Evoke Wealth LLC Has $1.56 Million Position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Evoke Wealth LLC boosted its stake in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 34.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,885 shares of the semiconductor company’s stock after acquiring an additional 2,032 shares during the quarter. Evoke Wealth LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $1,562,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Mount Yale Investment Advisors LLC raised its stake in Taiwan Semiconductor Manufacturing by 4.3% during the fourth quarter. Mount Yale Investment Advisors LLC now owns 35,709 shares of the semiconductor company’s stock worth $7,052,000 after acquiring an additional 1,476 shares in the last quarter. McHugh Group LLC acquired a new position in Taiwan Semiconductor Manufacturing during the fourth quarter worth $605,000. OLD National Bancorp IN raised its stake in Taiwan Semiconductor Manufacturing by 2.1% during the fourth quarter. OLD National Bancorp IN now owns 113,205 shares of the semiconductor company’s stock worth $22,357,000 after acquiring an additional 2,368 shares in the last quarter. Hardman Johnston Global Advisors LLC boosted its stake in Taiwan Semiconductor Manufacturing by 7.6% in the fourth quarter. Hardman Johnston Global Advisors LLC now owns 381,432 shares of the semiconductor company’s stock worth $75,329,000 after purchasing an additional 26,847 shares in the last quarter. Finally, Private Client Services LLC bought a new stake in shares of Taiwan Semiconductor Manufacturing during the fourth quarter worth $201,000. 16.51% of the stock is currently owned by institutional investors and hedge funds.

Taiwan Semiconductor Manufacturing Price Performance

Shares of TSM stock opened at $173.09 on Wednesday. The firm’s 50 day moving average price is $197.58 and its two-hundred day moving average price is $192.08. The company has a debt-to-equity ratio of 0.24, a quick ratio of 2.30 and a current ratio of 2.57. Taiwan Semiconductor Manufacturing Company Limited has a 52-week low of $125.78 and a 52-week high of $226.40. The stock has a market cap of $897.70 billion, a PE ratio of 24.59, a PEG ratio of 0.66 and a beta of 1.13.

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

Taiwan Semiconductor Manufacturing Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 10th. Shareholders of record on Thursday, June 12th will be issued a dividend of $0.6855 per share. The ex-dividend date is Thursday, June 12th. This represents a $2.74 dividend on an annualized basis and a yield of 1.58%. This is a boost from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.55. Taiwan Semiconductor Manufacturing’s dividend payout ratio (DPR) is 30.68%.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the stock. Barclays upped their price target on shares of Taiwan Semiconductor Manufacturing from $240.00 to $255.00 and gave the stock an “overweight” rating in a research report on Friday, January 17th. StockNews.com lowered shares of Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a report on Tuesday, January 28th. Finally, Needham & Company LLC restated a “buy” rating and issued a $225.00 price objective on shares of Taiwan Semiconductor Manufacturing in a research report on Tuesday, February 18th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, Taiwan Semiconductor Manufacturing currently has an average rating of “Moderate Buy” and an average target price 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.