Kovack Advisors Inc. Has $1.51 Million Stock Holdings in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Kovack Advisors Inc. boosted its position in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 204.1% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 7,663 shares of the semiconductor company’s stock after buying an additional 5,143 shares during the quarter. Kovack Advisors Inc.’s holdings in Taiwan Semiconductor Manufacturing were worth $1,513,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of TSM. Reston Wealth Management LLC bought a new position in Taiwan Semiconductor Manufacturing during the 3rd quarter worth about $25,000. Stonebridge Financial Group LLC acquired a new position in shares of Taiwan Semiconductor Manufacturing during the 4th quarter worth about $25,000. Roxbury Financial LLC acquired a new position in shares of Taiwan Semiconductor Manufacturing during the 4th quarter worth about $29,000. Archer Investment Corp boosted its stake in shares of Taiwan Semiconductor Manufacturing by 48.1% during the 3rd quarter. Archer Investment Corp now owns 191 shares of the semiconductor company’s stock worth $33,000 after buying an additional 62 shares during the last quarter. Finally, American Capital Advisory LLC acquired a new position in shares of Taiwan Semiconductor Manufacturing during the 3rd quarter worth about $38,000. Institutional investors and hedge funds own 16.51% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the stock. Needham & Company LLC restated a “buy” rating and set a $225.00 price objective on shares of Taiwan Semiconductor Manufacturing in a research report on Tuesday, February 18th. Barclays raised their target price on shares of Taiwan Semiconductor Manufacturing from $240.00 to $255.00 and gave the stock an “overweight” rating in a report on Friday, January 17th. Finally, StockNews.com cut shares of Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a report on Tuesday, January 28th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $220.00.

Taiwan Semiconductor Manufacturing Stock Performance

NYSE TSM opened at $194.70 on Thursday. The firm’s fifty day moving average price is $205.35 and its two-hundred day moving average price is $191.44. The stock has a market cap of $1.01 trillion, a PE ratio of 27.66, a PEG ratio of 0.66 and a beta of 1.06. Taiwan Semiconductor Manufacturing Company Limited has a fifty-two week low of $125.78 and a fifty-two week high of $226.40. The company has a debt-to-equity ratio of 0.24, a quick ratio of 2.30 and a current ratio of 2.57.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last issued its quarterly earnings results on Thursday, January 16th. The semiconductor company reported $2.24 EPS for the quarter, topping analysts’ consensus estimates of $2.16 by $0.08. Taiwan Semiconductor Manufacturing had a net margin of 40.51% and a return on equity of 30.47%. On average, equities analysts expect that Taiwan Semiconductor Manufacturing Company Limited will post 9.2 EPS for the current fiscal year.

Taiwan Semiconductor Manufacturing Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 10th. Investors of record on Thursday, June 12th will be issued a $0.6855 dividend. This is a positive change from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.55. The ex-dividend date of this dividend is Thursday, June 12th. This represents a $2.74 annualized dividend and a yield of 1.41%. Taiwan Semiconductor Manufacturing’s payout ratio is presently 31.11%.

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.