Forte Capital LLC ADV Has $475,000 Holdings in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Forte Capital LLC ADV boosted its holdings in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 26.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,566 shares of the semiconductor company’s stock after buying an additional 969 shares during the quarter. Forte Capital LLC ADV’s holdings in Taiwan Semiconductor Manufacturing were worth $475,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of TSM. Mather Group LLC. boosted its stake in shares of Taiwan Semiconductor Manufacturing by 2.0% in the fourth quarter. Mather Group LLC. now owns 4,819 shares of the semiconductor company’s stock valued at $501,000 after buying an additional 96 shares during the period. Benjamin Edwards Inc. raised its position in Taiwan Semiconductor Manufacturing by 2.3% during the fourth quarter. Benjamin Edwards Inc. now owns 4,239 shares of the semiconductor company’s stock valued at $441,000 after purchasing an additional 96 shares in the last quarter. Atlas Private Wealth Advisors raised its position in Taiwan Semiconductor Manufacturing by 3.3% during the fourth quarter. Atlas Private Wealth Advisors now owns 3,288 shares of the semiconductor company’s stock valued at $342,000 after purchasing an additional 104 shares in the last quarter. Advisory Resource Group raised its position in Taiwan Semiconductor Manufacturing by 1.3% during the fourth quarter. Advisory Resource Group now owns 8,523 shares of the semiconductor company’s stock valued at $886,000 after purchasing an additional 108 shares in the last quarter. Finally, Intrust Bank NA raised its position in Taiwan Semiconductor Manufacturing by 0.8% during the fourth quarter. Intrust Bank NA now owns 14,187 shares of the semiconductor company’s stock valued at $1,475,000 after purchasing an additional 111 shares in the last quarter. Institutional investors and hedge funds own 16.51% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have commented on TSM. Barclays boosted their price objective on shares of Taiwan Semiconductor Manufacturing from $145.00 to $150.00 and gave the company an “overweight” rating in a research report on Friday, April 19th. StockNews.com upgraded shares of Taiwan Semiconductor Manufacturing from a “hold” rating to a “buy” rating in a research report on Thursday, April 11th. TD Cowen upped their price target on shares of Taiwan Semiconductor Manufacturing from $100.00 to $130.00 and gave the stock a “hold” rating in a report on Thursday, April 18th. Needham & Company LLC reiterated a “buy” rating and set a $168.00 price target on shares of Taiwan Semiconductor Manufacturing in a report on Thursday, April 18th. Finally, Susquehanna upped their price target on shares of Taiwan Semiconductor Manufacturing from $160.00 to $180.00 and gave the stock a “positive” rating in a report on Tuesday, April 2nd. One analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $157.00.

Taiwan Semiconductor Manufacturing Trading Up 3.9 %

NYSE TSM traded up $5.33 on Friday, reaching $141.56. The company had a trading volume of 13,264,336 shares, compared to its average volume of 15,843,582. The firm has a market cap of $734.19 billion, a price-to-earnings ratio of 26.96, a P/E/G ratio of 0.97 and a beta of 1.13. Taiwan Semiconductor Manufacturing Company Limited has a fifty-two week low of $82.53 and a fifty-two week high of $158.40. The business has a 50 day moving average of $138.12 and a two-hundred day moving average of $116.26. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.33 and a quick ratio of 2.06.

Taiwan Semiconductor Manufacturing Cuts Dividend

The business also recently disclosed 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. The ex-dividend date is Thursday, June 13th. This represents a $1.76 dividend on an annualized basis and a yield of 1.25%. Taiwan Semiconductor Manufacturing’s payout ratio is 33.52%.

Taiwan Semiconductor Manufacturing 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.