Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) Shares Bought by Premier Fund Managers Ltd

Premier Fund Managers Ltd raised its holdings in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 1.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 39,203 shares of the semiconductor company’s stock after purchasing an additional 519 shares during the period. Premier Fund Managers Ltd’s holdings in Taiwan Semiconductor Manufacturing were worth $7,851,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Stonebridge Financial Group LLC purchased a new stake in shares of Taiwan Semiconductor Manufacturing during the fourth quarter worth about $25,000. IMG Wealth Management Inc. purchased a new stake in Taiwan Semiconductor Manufacturing during the 4th quarter worth approximately $26,000. Hopwood Financial Services Inc. purchased a new position in shares of Taiwan Semiconductor Manufacturing in the fourth quarter worth $27,000. Roxbury Financial LLC acquired a new stake in shares of Taiwan Semiconductor Manufacturing during the fourth quarter worth $29,000. Finally, CoreFirst Bank & Trust purchased a new stake in shares of Taiwan Semiconductor Manufacturing during the fourth quarter valued at $39,000. Institutional investors and hedge funds own 16.51% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have commented on TSM shares. Barclays lifted their price target on Taiwan Semiconductor Manufacturing from $240.00 to $255.00 and gave the stock an “overweight” rating in a research report on Friday, January 17th. StockNews.com downgraded shares of Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a report on Tuesday, January 28th. Finally, Needham & Company LLC reissued a “buy” rating and set a $225.00 target price on shares of Taiwan Semiconductor Manufacturing in a report on Tuesday, February 18th. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Taiwan Semiconductor Manufacturing currently has an average rating of “Moderate Buy” and a consensus price target of $220.00.

Taiwan Semiconductor Manufacturing Price Performance

Taiwan Semiconductor Manufacturing stock opened at $168.68 on Friday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 2.30 and a current ratio of 2.57. The stock has a market capitalization of $874.82 billion, a P/E ratio of 23.96, a P/E/G ratio of 0.66 and a beta of 1.13. Taiwan Semiconductor Manufacturing Company Limited has a 1 year low of $125.78 and a 1 year high of $226.40. The company’s fifty day moving average price is $193.26 and its 200 day moving average price is $192.32.

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

Taiwan Semiconductor Manufacturing Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 10th. Stockholders of record on Thursday, June 12th will be given a $0.6855 dividend. This represents a $2.74 dividend on an annualized basis and a dividend yield of 1.63%. This is a boost from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.55. The ex-dividend date of this dividend is Thursday, June 12th. 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.