Great Lakes Retirement Inc. Grows Holdings in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Great Lakes Retirement Inc. increased its position in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 11.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 12,162 shares of the semiconductor company’s stock after purchasing an additional 1,206 shares during the quarter. Great Lakes Retirement Inc.’s holdings in Taiwan Semiconductor Manufacturing were worth $1,265,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Atlas Private Wealth Advisors boosted its position in Taiwan Semiconductor Manufacturing by 3.3% during the 4th quarter. Atlas Private Wealth Advisors now owns 3,288 shares of the semiconductor company’s stock valued at $342,000 after buying an additional 104 shares during the period. Advisory Resource Group boosted its position in Taiwan Semiconductor Manufacturing by 1.3% during the 4th quarter. Advisory Resource Group now owns 8,523 shares of the semiconductor company’s stock valued at $886,000 after buying an additional 108 shares during the period. Waverly Advisors LLC lifted its position in shares of Taiwan Semiconductor Manufacturing by 3.8% in the 3rd quarter. Waverly Advisors LLC now owns 3,145 shares of the semiconductor company’s stock worth $273,000 after purchasing an additional 116 shares during the period. Cresset Asset Management LLC lifted its position in shares of Taiwan Semiconductor Manufacturing by 0.7% in the 1st quarter. Cresset Asset Management LLC now owns 18,334 shares of the semiconductor company’s stock worth $1,712,000 after purchasing an additional 124 shares during the period. Finally, FinTrust Capital Advisors LLC lifted its position in shares of Taiwan Semiconductor Manufacturing by 25.1% in the 4th quarter. FinTrust Capital Advisors LLC now owns 623 shares of the semiconductor company’s stock worth $46,000 after purchasing an additional 125 shares during the period. 16.51% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

TSM has been the subject of several research analyst reports. Barclays raised their target price on shares of Taiwan Semiconductor Manufacturing from $110.00 to $125.00 and gave the stock an “overweight” rating in a research report on Friday, January 19th. TD Cowen increased their price target on shares of Taiwan Semiconductor Manufacturing from $85.00 to $95.00 and gave the stock a “market perform” rating in a research note on Friday, January 12th. Susquehanna raised their price objective on shares of Taiwan Semiconductor Manufacturing from $130.00 to $160.00 and gave the company a “positive” rating in a research note on Tuesday, February 13th. Needham & Company LLC raised their price target on shares of Taiwan Semiconductor Manufacturing from $115.00 to $133.00 and gave the company a “buy” rating in a report on Friday, January 19th. Finally, StockNews.com raised shares of Taiwan Semiconductor Manufacturing from a “hold” rating to a “buy” rating in a report on Friday, December 8th. One analyst has rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $128.25.

Taiwan Semiconductor Manufacturing Stock Performance

NYSE TSM traded down $2.17 during trading hours on Wednesday, hitting $136.67. 13,834,464 shares of the company’s stock traded hands, compared to its average volume of 15,785,866. The business’s fifty day moving average price is $128.42 and its two-hundred day moving average price is $106.78. The company has a current ratio of 2.40, a quick ratio of 2.13 and a debt-to-equity ratio of 0.26. The firm has a market capitalization of $708.83 billion, a P/E ratio of 26.39, a P/E/G ratio of 1.07 and a beta of 1.15. Taiwan Semiconductor Manufacturing Company Limited has a 52 week low of $81.21 and a 52 week high of $158.40.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last announced its earnings results on Thursday, January 18th. The semiconductor company reported $1.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.37 by $0.07. The company had revenue of $19.62 billion during the quarter, compared to analyst estimates of $18.99 billion. Taiwan Semiconductor Manufacturing had a net margin of 38.80% and a return on equity of 25.24%. Equities research analysts predict that Taiwan Semiconductor Manufacturing Company Limited will post 6.19 EPS for the current year.

Taiwan Semiconductor Manufacturing Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 11th. Investors of record on Thursday, June 13th will be given a dividend of $0.4408 per share. The ex-dividend date of this dividend is Thursday, June 13th. This represents a $1.76 annualized dividend and a yield of 1.29%. Taiwan Semiconductor Manufacturing’s dividend payout ratio (DPR) is 33.78%.

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.