Financial Engines Advisors L.L.C. Purchases Shares of 1,104 Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Financial Engines Advisors L.L.C. acquired a new position in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) in the 4th quarter, Holdings Channel reports. The fund acquired 1,104 shares of the semiconductor company’s stock, valued at approximately $218,000.

Other hedge funds have also modified their holdings of the company. Brooklyn Investment Group bought a new stake in shares of Taiwan Semiconductor Manufacturing in the third quarter worth $73,000. Cynosure Group LLC bought a new stake in Taiwan Semiconductor Manufacturing during the 3rd quarter worth about $241,000. Blueshift Asset Management LLC acquired a new position in shares of Taiwan Semiconductor Manufacturing during the 3rd quarter worth about $206,000. CreativeOne Wealth LLC grew its holdings in shares of Taiwan Semiconductor Manufacturing by 29.0% in the 3rd quarter. CreativeOne Wealth LLC now owns 5,323 shares of the semiconductor company’s stock valued at $925,000 after acquiring an additional 1,198 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Taiwan Semiconductor Manufacturing by 211.4% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 46,005 shares of the semiconductor company’s stock valued at $7,990,000 after acquiring an additional 31,231 shares during the last quarter. 16.51% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

TSM has been the subject of a number of analyst reports. Needham & Company LLC restated a “buy” rating and issued a $225.00 price target on shares of Taiwan Semiconductor Manufacturing in a research note on Tuesday, February 18th. StockNews.com downgraded Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a report on Tuesday, January 28th. Finally, Barclays boosted 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. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $220.00.

Taiwan Semiconductor Manufacturing Stock Performance

TSM opened at $165.82 on Friday. 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 Company Limited has a 12-month low of $125.78 and a 12-month high of $226.40. The business has a 50 day moving average of $192.35 and a 200-day moving average of $192.34. The stock has a market cap of $860.00 billion, a price-to-earnings ratio of 23.55, a PEG ratio of 0.66 and a beta of 1.13.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last announced its quarterly 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%. On average, equities research analysts expect that Taiwan Semiconductor Manufacturing Company Limited will post 9.2 earnings per share for the current year.

Taiwan Semiconductor Manufacturing Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 10th. Investors of record on Thursday, June 12th will be paid a $0.6855 dividend. The ex-dividend date of this dividend is Thursday, June 12th. This represents a $2.74 dividend on an annualized basis and a yield of 1.65%. This is a positive change from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.55. Taiwan Semiconductor Manufacturing’s dividend payout ratio is 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.