Seneschal Advisors LLC Purchases Shares of 1,205 Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Seneschal Advisors LLC acquired a new position in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) in the fourth quarter, HoldingsChannel.com reports. The firm acquired 1,205 shares of the semiconductor company’s stock, valued at approximately $238,000.

Several other hedge funds also recently modified their holdings of TSM. Morse Asset Management Inc increased its holdings in Taiwan Semiconductor Manufacturing by 120.7% during the third quarter. Morse Asset Management Inc now owns 17,703 shares of the semiconductor company’s stock worth $3,074,000 after buying an additional 9,683 shares during the last quarter. Toronto Dominion Bank increased its stake in shares of Taiwan Semiconductor Manufacturing by 23.2% during the 3rd quarter. Toronto Dominion Bank now owns 12,398 shares of the semiconductor company’s stock worth $2,153,000 after purchasing an additional 2,331 shares during the last quarter. Sunbelt Securities Inc. raised its holdings in shares of Taiwan Semiconductor Manufacturing by 1.9% in the 3rd quarter. Sunbelt Securities Inc. now owns 5,691 shares of the semiconductor company’s stock valued at $988,000 after purchasing an additional 104 shares during the period. Virtue Capital Management LLC lifted its stake in Taiwan Semiconductor Manufacturing by 6.2% in the 3rd quarter. Virtue Capital Management LLC now owns 4,081 shares of the semiconductor company’s stock valued at $709,000 after purchasing an additional 237 shares during the last quarter. Finally, TD Private Client Wealth LLC grew its holdings in Taiwan Semiconductor Manufacturing by 30.5% during the third quarter. TD Private Client Wealth LLC now owns 21,191 shares of the semiconductor company’s stock worth $3,680,000 after purchasing an additional 4,954 shares during the period. Institutional investors own 16.51% of the company’s stock.

Analysts Set New Price Targets

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

Taiwan Semiconductor Manufacturing Price Performance

Taiwan Semiconductor Manufacturing stock opened at $151.39 on Friday. The company has a market capitalization of $785.15 billion, a price-to-earnings ratio of 21.50, a PEG ratio of 0.66 and a beta of 1.16. The stock’s 50 day moving average is $180.15 and its 200-day moving average is $191.08. The company has a current ratio of 2.57, a quick ratio of 2.30 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.

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 return on equity of 30.47% and a net margin of 40.51%. Equities research analysts expect that Taiwan Semiconductor Manufacturing Company Limited will post 9.2 EPS for the current year.

Taiwan Semiconductor Manufacturing Increases Dividend

The firm also recently disclosed 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. 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 1.81%. This is an increase from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.55. Taiwan Semiconductor Manufacturing’s payout ratio is currently 30.68%.

Taiwan Semiconductor Manufacturing 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.