Octavia Wealth Advisors LLC Purchases 429 Shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Octavia Wealth Advisors LLC boosted its position in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 8.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,693 shares of the semiconductor company’s stock after purchasing an additional 429 shares during the period. Octavia Wealth Advisors LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $595,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in TSM. Financial Gravity Asset Management Inc. grew its holdings in shares of Taiwan Semiconductor Manufacturing by 208.9% in the 3rd quarter. Financial Gravity Asset Management Inc. now owns 312 shares of the semiconductor company’s stock valued at $27,000 after acquiring an additional 211 shares in the last quarter. MBM Wealth Consultants LLC bought a new position in shares of Taiwan Semiconductor Manufacturing in the 4th quarter valued at about $27,000. PCA Investment Advisory Services Inc. bought a new position in shares of Taiwan Semiconductor Manufacturing in the 2nd quarter valued at about $29,000. First Financial Corp IN acquired a new stake in Taiwan Semiconductor Manufacturing in the 3rd quarter valued at about $31,000. Finally, Farmers & Merchants Investments Inc. acquired a new stake in Taiwan Semiconductor Manufacturing in the 4th quarter valued at about $31,000. Institutional investors own 16.51% of the company’s stock.

Taiwan Semiconductor Manufacturing Trading Down 0.2 %

Shares of TSM stock opened at $139.80 on Wednesday. The firm has a 50 day moving average price of $136.36 and a two-hundred day moving average price of $112.42. The company has a quick ratio of 2.13, a current ratio of 2.40 and a debt-to-equity ratio of 0.26. The company has a market capitalization of $725.06 billion, a PE ratio of 26.99, a price-to-earnings-growth ratio of 1.07 and a beta of 1.15. Taiwan Semiconductor Manufacturing Company Limited has a 12-month low of $81.21 and a 12-month high of $158.40.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last issued its quarterly earnings data on Thursday, January 18th. The semiconductor company reported $1.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.37 by $0.07. Taiwan Semiconductor Manufacturing had a net margin of 38.80% and a return on equity of 25.24%. The firm had revenue of $19.62 billion during the quarter, compared to the consensus estimate of $18.99 billion. As a group, analysts predict that Taiwan Semiconductor Manufacturing Company Limited will post 6.15 earnings per share for the current year.

Taiwan Semiconductor Manufacturing Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 11th. Stockholders of record on Thursday, June 13th will be given a $0.4408 dividend. The ex-dividend date of this dividend is Thursday, June 13th. This represents a $1.76 dividend on an annualized basis and a dividend yield of 1.26%. Taiwan Semiconductor Manufacturing’s payout ratio is 33.20%.

Analyst Upgrades and Downgrades

TSM has been the subject of several recent analyst reports. StockNews.com upgraded shares of Taiwan Semiconductor Manufacturing from a “hold” rating to a “buy” rating in a research note on Thursday, April 11th. Barclays raised their target price on shares of Taiwan Semiconductor Manufacturing from $125.00 to $145.00 and gave the company an “overweight” rating in a research note on Tuesday, April 2nd. Susquehanna raised their target price on shares of Taiwan Semiconductor Manufacturing from $160.00 to $180.00 and gave the company a “positive” rating in a research note on Tuesday, April 2nd. Needham & Company LLC raised their target price on shares of Taiwan Semiconductor Manufacturing from $133.00 to $168.00 and gave the company a “buy” rating in a research note on Wednesday, April 10th. Finally, TD Cowen raised their target price on shares of Taiwan Semiconductor Manufacturing from $85.00 to $95.00 and gave the company a “market perform” rating in a research note on Friday, January 12th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $147.00.

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 complementary metal oxide silicon wafer fabrication processes to manufacture logic, mixed-signal, radio frequency, and embedded memory semiconductors.