Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) Position Boosted by NewEdge Advisors LLC

NewEdge Advisors LLC lifted its stake in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 4.1% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 136,924 shares of the semiconductor company’s stock after purchasing an additional 5,431 shares during the quarter. NewEdge Advisors LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $27,041,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also made changes to their positions in TSM. Morse Asset Management Inc boosted its holdings in Taiwan Semiconductor Manufacturing by 120.7% in the third quarter. Morse Asset Management Inc now owns 17,703 shares of the semiconductor company’s stock worth $3,074,000 after purchasing an additional 9,683 shares in the last quarter. M&T Bank Corp lifted its position in shares of Taiwan Semiconductor Manufacturing by 12.4% in the third quarter. M&T Bank Corp now owns 241,714 shares of the semiconductor company’s stock worth $41,979,000 after buying an additional 26,715 shares during the last quarter. Advisory Resource Group boosted its stake in shares of Taiwan Semiconductor Manufacturing by 1.4% during the 3rd quarter. Advisory Resource Group now owns 7,984 shares of the semiconductor company’s stock worth $1,387,000 after acquiring an additional 107 shares in the last quarter. Virtu Financial LLC increased its holdings in shares of Taiwan Semiconductor Manufacturing by 242.1% during the 3rd quarter. Virtu Financial LLC now owns 28,669 shares of the semiconductor company’s stock valued at $4,979,000 after acquiring an additional 20,289 shares during the last quarter. Finally, Chelsea Counsel Co. raised its stake in shares of Taiwan Semiconductor Manufacturing by 25.0% in the 3rd quarter. Chelsea Counsel Co. now owns 500 shares of the semiconductor company’s stock valued at $87,000 after acquiring an additional 100 shares in the last quarter. 16.51% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have commented on the company. StockNews.com downgraded Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a report on Tuesday, January 28th. Needham & Company LLC reiterated a “buy” rating and issued a $225.00 target price on shares of Taiwan Semiconductor Manufacturing in a report on Tuesday, February 18th. 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 research 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 MarketBeat.com, Taiwan Semiconductor Manufacturing currently has an average rating of “Moderate Buy” and an average price target of $220.00.

Taiwan Semiconductor Manufacturing Price Performance

NYSE:TSM opened at $151.46 on Thursday. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.57 and a quick ratio of 2.30. Taiwan Semiconductor Manufacturing Company Limited has a one year low of $125.78 and a one year high of $226.40. The company has a fifty day moving average price of $175.99 and a 200 day moving average price of $190.27. The stock has a market cap of $785.53 billion, a P/E ratio of 21.51, a PEG ratio of 0.66 and a beta of 1.16.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last released its earnings results on Thursday, January 16th. The semiconductor company reported $2.24 earnings per share for the quarter, beating 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%. Analysts anticipate that Taiwan Semiconductor Manufacturing Company Limited will post 9.2 earnings per share 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. Shareholders of record on Thursday, June 12th will be given a $0.6855 dividend. The ex-dividend date is Thursday, June 12th. This represents a $2.74 dividend on an annualized basis and a dividend yield of 1.81%. This is an increase from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.55. Taiwan Semiconductor Manufacturing’s dividend payout ratio (DPR) 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.