Sage Rhino Capital LLC Raises Position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Sage Rhino Capital LLC lifted its stake in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 8.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). 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 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Financial Gravity Asset Management Inc. boosted its position in shares of 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 buying an additional 211 shares during the period. Farmers & Merchants Investments Inc. acquired a new position in shares of Taiwan Semiconductor Manufacturing in the fourth quarter worth about $31,000. Creative Financial Designs Inc. ADV lifted its stake in shares of 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 acquiring an additional 162 shares in the last quarter. Baystate Wealth Management LLC lifted its stake in shares of 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 acquiring an additional 138 shares in the last quarter. Finally, Tennessee Valley Asset Management Partners acquired a new position in shares of Taiwan Semiconductor Manufacturing in the fourth quarter worth about $37,000. Hedge funds and other institutional investors own 16.51% of the company’s stock.

Taiwan Semiconductor Manufacturing Stock Down 0.8 %

NYSE TSM traded down $1.06 on Tuesday, hitting $137.44. 10,964,389 shares of the stock traded hands, compared to its average volume of 15,683,780. 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 stock has a 50-day moving average of $137.30 and a 200 day moving average of $115.30. The company has a market capitalization of $712.82 billion, a P/E 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 twelve month low of $82.44 and a twelve month high of $158.40.

Taiwan Semiconductor Manufacturing Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 11th. Stockholders of record on Thursday, June 13th will be given a dividend of $0.4408 per share. This represents a $1.76 dividend on an annualized basis and a dividend yield of 1.28%. The ex-dividend date of this dividend is Thursday, June 13th. Taiwan Semiconductor Manufacturing’s payout ratio is 32.76%.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the company. Susquehanna boosted their price target 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. Barclays boosted their price target 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. TD Cowen upped their price objective on Taiwan Semiconductor Manufacturing from $100.00 to $130.00 and gave the company a “hold” rating 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. Finally, Needham & Company LLC restated a “buy” rating and set a $168.00 price objective on shares of Taiwan Semiconductor Manufacturing in a research note on Thursday, April 18th. One 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.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $157.00.

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.