WealthTrust Asset Management LLC Purchases 742 Shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

WealthTrust Asset Management LLC lifted its position in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 20.8% in the fourth quarter, HoldingsChannel.com reports. The fund owned 4,305 shares of the semiconductor company’s stock after buying an additional 742 shares during the period. WealthTrust Asset Management LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $850,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in TSM. Victory Capital Management Inc. increased its position in Taiwan Semiconductor Manufacturing by 116.0% during the 3rd quarter. Victory Capital Management Inc. now owns 104,657 shares of the semiconductor company’s stock worth $18,176,000 after purchasing an additional 56,211 shares in the last quarter. Huntington National Bank increased its position in Taiwan Semiconductor Manufacturing by 2.2% during the 3rd quarter. Huntington National Bank now owns 14,092 shares of the semiconductor company’s stock worth $2,447,000 after purchasing an additional 305 shares in the last quarter. KBC Group NV increased its position in Taiwan Semiconductor Manufacturing by 47.2% during the 3rd quarter. KBC Group NV now owns 28,572 shares of the semiconductor company’s stock worth $4,962,000 after purchasing an additional 9,168 shares in the last quarter. ING Groep NV increased its position in Taiwan Semiconductor Manufacturing by 3.7% in the 3rd quarter. ING Groep NV now owns 17,685 shares of the semiconductor company’s stock valued at $3,071,000 after acquiring an additional 626 shares during the period. Finally, Impax Asset Management Group plc increased its position in Taiwan Semiconductor Manufacturing by 33.7% in the 3rd quarter. Impax Asset Management Group plc now owns 26,418 shares of the semiconductor company’s stock valued at $4,588,000 after acquiring an additional 6,664 shares during the period. 16.51% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

Taiwan Semiconductor Manufacturing Trading Up 1.5 %

TSM opened at $174.16 on Friday. Taiwan Semiconductor Manufacturing Company Limited has a twelve month low of $125.78 and a twelve month high of $226.40. The company has a quick ratio of 2.30, a current ratio of 2.57 and a debt-to-equity ratio of 0.24. The company has a fifty day moving average of $199.22 and a 200-day moving average of $191.86. The stock has a market cap of $903.29 billion, a PE ratio of 24.74, a price-to-earnings-growth ratio of 0.66 and a beta of 1.13.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last posted its quarterly earnings data on Thursday, January 16th. The semiconductor company reported $2.24 earnings per share for the quarter, topping the consensus estimate 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, sell-side analysts predict that Taiwan Semiconductor Manufacturing Company Limited will post 9.2 EPS for the current year.

Taiwan Semiconductor Manufacturing Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 10th. Stockholders of record on Thursday, June 12th will be given a dividend of $0.6855 per share. The ex-dividend date of this dividend is Thursday, June 12th. This is a boost from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.55. This represents a $2.74 annualized dividend and a dividend yield of 1.57%. Taiwan Semiconductor Manufacturing’s dividend payout ratio is 30.68%.

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.