Sava Infond d.o.o. Takes $20.33 Million Position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Sava Infond d.o.o. bought a new position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund bought 102,930 shares of the semiconductor company’s stock, valued at approximately $20,328,000. Taiwan Semiconductor Manufacturing accounts for about 3.6% of Sava Infond d.o.o.’s investment portfolio, making the stock its 10th largest position.

A number of other hedge funds have also added to or reduced their stakes in TSM. Elo Mutual Pension Insurance Co grew its stake in shares of Taiwan Semiconductor Manufacturing by 47.2% during the 4th quarter. Elo Mutual Pension Insurance Co now owns 51,811 shares of the semiconductor company’s stock valued at $10,232,000 after purchasing an additional 16,610 shares during the period. Aviso Wealth Management purchased a new position in shares of Taiwan Semiconductor Manufacturing in the fourth quarter worth approximately $1,002,000. Heritage Wealth Advisors grew its position in Taiwan Semiconductor Manufacturing by 20.0% during the fourth quarter. Heritage Wealth Advisors now owns 300 shares of the semiconductor company’s stock valued at $59,000 after buying an additional 50 shares during the period. Graney & King LLC purchased a new stake in Taiwan Semiconductor Manufacturing during the fourth quarter valued at approximately $40,000. Finally, Financial Engines Advisors L.L.C. bought a new position in Taiwan Semiconductor Manufacturing in the fourth quarter worth approximately $218,000. 16.51% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

TSM has been the subject of several analyst reports. Barclays upped their price objective on Taiwan Semiconductor Manufacturing from $240.00 to $255.00 and gave the stock an “overweight” rating in a research note on Friday, January 17th. 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, StockNews.com cut Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a research report on Tuesday, January 28th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $220.00.

Taiwan Semiconductor Manufacturing Price Performance

NYSE:TSM opened at $173.57 on Thursday. The business’s 50-day simple moving average is $194.19 and its two-hundred day simple moving average is $192.49. Taiwan Semiconductor Manufacturing Company Limited has a 52 week low of $125.78 and a 52 week high of $226.40. The stock has a market cap of $900.22 billion, a PE ratio of 24.66, a P/E/G ratio of 0.66 and a beta of 1.13. The company has a quick ratio of 2.30, a current ratio of 2.57 and a debt-to-equity ratio of 0.24.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last issued its earnings results on Thursday, January 16th. The semiconductor company reported $2.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.16 by $0.08. Taiwan Semiconductor Manufacturing had a return on equity of 30.47% and a net margin of 40.51%. As a group, analysts forecast that Taiwan Semiconductor Manufacturing Company Limited will post 9.2 EPS for the current fiscal year.

Taiwan Semiconductor Manufacturing Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 10th. Shareholders of record on Thursday, June 12th will be issued a $0.6855 dividend. This is an increase from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.55. This represents a $2.74 dividend on an annualized basis and a yield of 1.58%. The ex-dividend date is Thursday, June 12th. Taiwan Semiconductor Manufacturing’s payout ratio is currently 30.68%.

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.