Fortitude Advisory Group L.L.C. Makes New $200,000 Investment in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Fortitude Advisory Group L.L.C. acquired a new position in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 1,927 shares of the semiconductor company’s stock, valued at approximately $200,000.

Other institutional investors have also recently made changes to their positions in the company. Massachusetts Financial Services Co. MA raised its position in shares of Taiwan Semiconductor Manufacturing by 2.6% in the third quarter. Massachusetts Financial Services Co. MA now owns 26,794,316 shares of the semiconductor company’s stock worth $2,328,426,000 after acquiring an additional 666,826 shares during the period. Morgan Stanley raised its position in shares of Taiwan Semiconductor Manufacturing by 11.2% during the 3rd quarter. Morgan Stanley now owns 23,804,180 shares of the semiconductor company’s stock worth $2,068,583,000 after purchasing an additional 2,400,882 shares during the last quarter. Van ECK Associates Corp raised its position in shares of Taiwan Semiconductor Manufacturing by 29.6% during the 3rd quarter. Van ECK Associates Corp now owns 14,795,582 shares of the semiconductor company’s stock worth $1,285,736,000 after purchasing an additional 3,381,514 shares during the last quarter. William Blair Investment Management LLC raised its position in shares of Taiwan Semiconductor Manufacturing by 3.1% during the 3rd quarter. William Blair Investment Management LLC now owns 11,780,144 shares of the semiconductor company’s stock worth $1,023,240,000 after purchasing an additional 355,609 shares during the last quarter. Finally, Lone Pine Capital LLC raised its position in shares of Taiwan Semiconductor Manufacturing by 21.7% during the 3rd quarter. Lone Pine Capital LLC now owns 7,800,152 shares of the semiconductor company’s stock worth $677,833,000 after purchasing an additional 1,389,785 shares during the last quarter. 16.51% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages have recently issued reports on TSM. Needham & Company LLC reaffirmed a “buy” rating and issued a $168.00 price target on shares of Taiwan Semiconductor Manufacturing in a research note on Thursday, April 18th. TD Cowen boosted their price objective on Taiwan Semiconductor Manufacturing from $100.00 to $130.00 and gave the stock a “hold” rating in a research note on Thursday, April 18th. StockNews.com raised Taiwan Semiconductor Manufacturing from a “hold” rating to a “buy” rating in a research note on Thursday, April 11th. Susquehanna increased their target price on Taiwan Semiconductor Manufacturing from $160.00 to $180.00 and gave the stock a “positive” rating in a research note on Tuesday, April 2nd. Finally, Barclays increased their target price on Taiwan Semiconductor Manufacturing from $145.00 to $150.00 and gave the stock an “overweight” rating in a research note on Friday, April 19th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $157.00.

Taiwan Semiconductor Manufacturing Price Performance

Taiwan Semiconductor Manufacturing stock traded down $0.28 during mid-day trading on Thursday, hitting $134.66. 2,428,334 shares of the company were exchanged, compared to its average volume of 15,484,958. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.33 and a quick ratio of 2.06. The business’s 50 day simple moving average is $137.73 and its two-hundred day simple moving average is $115.76. The company has a market capitalization of $698.40 billion, a P/E ratio of 25.70, a PEG ratio of 0.98 and a beta of 1.13. Taiwan Semiconductor Manufacturing Company Limited has a 12-month low of $82.44 and a 12-month high of $158.40.

Taiwan Semiconductor Manufacturing Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 11th. Investors of record on Thursday, June 13th will be issued a $0.4408 dividend. This represents a $1.76 dividend on an annualized basis and a yield of 1.31%. The ex-dividend date is Thursday, June 13th. Taiwan Semiconductor Manufacturing’s payout ratio is currently 32.76%.

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.