Little House Capital LLC Acquires 174 Shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Little House Capital LLC increased its position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 1.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 16,325 shares of the semiconductor company’s stock after purchasing an additional 174 shares during the quarter. Little House Capital LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $1,698,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of TSM. Financial Gravity Asset Management Inc. lifted its position in Taiwan Semiconductor Manufacturing by 208.9% in the third quarter. Financial Gravity Asset Management Inc. now owns 312 shares of the semiconductor company’s stock worth $27,000 after purchasing an additional 211 shares during the period. Farmers & Merchants Investments Inc. bought a new position in Taiwan Semiconductor Manufacturing in the fourth quarter worth $31,000. Creative Financial Designs Inc. ADV lifted its position in Taiwan Semiconductor Manufacturing by 108.7% in the fourth quarter. Creative Financial Designs Inc. ADV now owns 311 shares of the semiconductor company’s stock worth $32,000 after purchasing an additional 162 shares during the period. Baystate Wealth Management LLC lifted its position in Taiwan Semiconductor Manufacturing by 53.5% in the third quarter. Baystate Wealth Management LLC now owns 396 shares of the semiconductor company’s stock worth $34,000 after purchasing an additional 138 shares during the period. Finally, Tennessee Valley Asset Management Partners bought a new position in Taiwan Semiconductor Manufacturing in the fourth quarter worth $37,000. 16.51% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have issued reports on TSM shares. Needham & Company LLC reiterated a “buy” rating and set a $168.00 price objective on shares of Taiwan Semiconductor Manufacturing in a research note on Thursday, April 18th. StockNews.com upgraded Taiwan Semiconductor Manufacturing from a “hold” rating to a “buy” rating in a research note on Thursday, April 11th. Susquehanna increased their price objective 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. TD Cowen increased 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. Finally, Barclays increased their price objective 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 equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, Taiwan Semiconductor Manufacturing currently has an average rating of “Moderate Buy” and a consensus target price of $157.00.

Taiwan Semiconductor Manufacturing Price Performance

Shares of NYSE:TSM traded up $1.72 during midday trading on Friday, reaching $138.30. The company’s stock had a trading volume of 9,453,393 shares, compared to its average volume of 15,706,765. Taiwan Semiconductor Manufacturing Company Limited has a fifty-two week low of $82.16 and a fifty-two week high of $158.40. The company has a market capitalization of $717.28 billion, a P/E ratio of 26.34, a P/E/G ratio of 0.99 and a beta of 1.15. 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 fifty day simple moving average is $137.06 and its 200-day simple moving average is $114.81.

Taiwan Semiconductor Manufacturing Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 11th. Stockholders of record on Thursday, June 13th will be paid 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 1.27%. Taiwan Semiconductor Manufacturing’s dividend payout ratio (DPR) is presently 32.76%.

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 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.