Monumental Financial Group Inc. Buys 136 Shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Monumental Financial Group Inc. grew its holdings in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 1.2% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 11,172 shares of the semiconductor company’s stock after acquiring an additional 136 shares during the quarter. Taiwan Semiconductor Manufacturing accounts for approximately 0.7% of Monumental Financial Group Inc.’s holdings, making the stock its 29th biggest holding. Monumental Financial Group Inc.’s holdings in Taiwan Semiconductor Manufacturing were worth $1,162,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Asset Management One Co. Ltd. lifted its position in Taiwan Semiconductor Manufacturing by 1.8% in the third quarter. Asset Management One Co. Ltd. now owns 145,191 shares of the semiconductor company’s stock valued at $12,617,000 after purchasing an additional 2,541 shares during the last quarter. Clarius Group LLC bought a new stake in Taiwan Semiconductor Manufacturing during the 3rd quarter valued at $306,000. Valeo Financial Advisors LLC boosted its position in Taiwan Semiconductor Manufacturing by 4.4% during the 3rd quarter. Valeo Financial Advisors LLC now owns 13,392 shares of the semiconductor company’s stock valued at $1,164,000 after buying an additional 568 shares during the period. Mitchell Mcleod Pugh & Williams Inc. grew its holdings in Taiwan Semiconductor Manufacturing by 11.1% in the 3rd quarter. Mitchell Mcleod Pugh & Williams Inc. now owns 2,506 shares of the semiconductor company’s stock worth $218,000 after acquiring an additional 250 shares during the last quarter. Finally, Arthur M. Cohen & Associates LLC increased its position in shares of Taiwan Semiconductor Manufacturing by 10.0% in the third quarter. Arthur M. Cohen & Associates LLC now owns 6,918 shares of the semiconductor company’s stock valued at $601,000 after acquiring an additional 630 shares during the period. Hedge funds and other institutional investors own 16.51% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Taiwan Semiconductor Manufacturing Stock Up 1.3 %

Shares of TSM stock traded up $1.72 during midday trading on Friday, reaching $138.30. 9,453,393 shares of the stock were exchanged, compared to its average volume of 15,706,765. The firm has a market cap of $717.28 billion, a PE ratio of 26.34, a price-to-earnings-growth ratio of 0.99 and a beta of 1.15. The company has a current ratio of 2.33, a quick ratio of 2.06 and a debt-to-equity ratio of 0.27. The company’s 50 day moving average is $137.06 and its two-hundred day moving average is $114.97. Taiwan Semiconductor Manufacturing Company Limited has a 1 year low of $82.16 and a 1 year high of $158.40.

Taiwan Semiconductor Manufacturing Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 11th. Shareholders of record on Thursday, June 13th will be issued 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 yield of 1.27%. Taiwan Semiconductor Manufacturing’s dividend payout ratio (DPR) is 32.76%.

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.