Sage Rhino Capital LLC Has $382,000 Stock Position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Sage Rhino Capital LLC raised its stake in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 8.9% during the fourth quarter, Holdings Channel reports. The firm owned 3,676 shares of the semiconductor company’s stock after buying an additional 300 shares during the period. Sage Rhino Capital LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $382,000 at the end of the most recent reporting period.

Other institutional investors also recently added to or reduced their stakes in the company. Farmers & Merchants Investments Inc. acquired a new position in shares of Taiwan Semiconductor Manufacturing in the 4th quarter worth approximately $31,000. Creative Financial Designs Inc. ADV boosted its holdings in shares of Taiwan Semiconductor Manufacturing by 108.7% in the 4th quarter. Creative Financial Designs Inc. ADV now owns 311 shares of the semiconductor company’s stock worth $32,000 after acquiring an additional 162 shares in the last quarter. Financial Gravity Asset Management Inc. boosted its holdings in shares of Taiwan Semiconductor Manufacturing by 208.9% in the 3rd quarter. Financial Gravity Asset Management Inc. now owns 312 shares of the semiconductor company’s stock worth $27,000 after acquiring an additional 211 shares in the last quarter. Tennessee Valley Asset Management Partners acquired a new position in shares of Taiwan Semiconductor Manufacturing in the 4th quarter worth approximately $37,000. Finally, Baystate Wealth Management LLC boosted its holdings in shares of Taiwan Semiconductor Manufacturing by 53.5% in the 3rd quarter. Baystate Wealth Management LLC now owns 396 shares of the semiconductor company’s stock worth $34,000 after acquiring an additional 138 shares in the last quarter. 16.51% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the company. Barclays upped their price objective on Taiwan Semiconductor Manufacturing from $145.00 to $150.00 and gave the stock an “overweight” rating in a report on Friday, April 19th. TD Cowen upped their price objective on 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 raised Taiwan Semiconductor Manufacturing from a “hold” rating to a “buy” rating in a report on Thursday, April 11th. Susquehanna upped their price objective on Taiwan Semiconductor Manufacturing from $160.00 to $180.00 and gave the stock a “positive” rating in a report on Tuesday, April 2nd. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $168.00 price objective on shares of Taiwan Semiconductor Manufacturing in a report on Thursday, April 18th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company. 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 Trading Down 0.8 %

Shares of Taiwan Semiconductor Manufacturing stock traded down $1.06 on Tuesday, hitting $137.44. 10,964,389 shares of the company’s stock traded hands, compared to its average volume of 15,683,780. The firm’s 50-day moving average price is $137.30 and its two-hundred day moving average price is $115.30. The stock has a market capitalization of $712.82 billion, a PE ratio of 26.38, a price-to-earnings-growth ratio of 0.99 and a beta of 1.15. Taiwan Semiconductor Manufacturing Company Limited has a one year low of $82.44 and a one year high of $158.40. 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 company also recently announced a quarterly dividend, which will be paid on Thursday, July 11th. Shareholders of record on Thursday, June 13th will be issued a dividend of $0.4408 per share. This represents a $1.76 dividend on an annualized basis and a yield of 1.28%. The ex-dividend date is Thursday, June 13th. Taiwan Semiconductor Manufacturing’s dividend payout ratio (DPR) is presently 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.