Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) Shares Bought by NFJ Investment Group LLC

NFJ Investment Group LLC increased its stake in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 79.1% in the 4th quarter, HoldingsChannel reports. The fund owned 6,091 shares of the semiconductor company’s stock after acquiring an additional 2,690 shares during the period. NFJ Investment Group LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $1,203,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in TSM. Stonebridge Financial Group LLC acquired a new stake in Taiwan Semiconductor Manufacturing in the 4th quarter valued at about $25,000. IMG Wealth Management Inc. acquired a new stake in Taiwan Semiconductor Manufacturing during the 4th quarter worth about $26,000. Hopwood Financial Services Inc. purchased a new position in Taiwan Semiconductor Manufacturing during the fourth quarter valued at approximately $27,000. Roxbury Financial LLC purchased a new position in shares of Taiwan Semiconductor Manufacturing during the 4th quarter valued at $29,000. Finally, Glass Jacobson Investment Advisors llc increased its position in Taiwan Semiconductor Manufacturing by 289.4% in the 4th quarter. Glass Jacobson Investment Advisors llc now owns 183 shares of the semiconductor company’s stock worth $36,000 after purchasing an additional 136 shares during the last quarter. 16.51% of the stock is owned by institutional investors.

Analyst Ratings Changes

TSM has been the topic of several analyst reports. Barclays increased their price target on shares of Taiwan Semiconductor Manufacturing from $240.00 to $255.00 and gave the stock an “overweight” rating in a research note on Friday, January 17th. Susquehanna reduced their price objective on Taiwan Semiconductor Manufacturing from $265.00 to $250.00 and set a “positive” rating for the company in a research report on Thursday. StockNews.com cut Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a research report on Tuesday, January 28th. Finally, Needham & Company LLC restated a “buy” rating and issued a $225.00 price objective on shares of Taiwan Semiconductor Manufacturing in a research note on Thursday. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $220.00.

Taiwan Semiconductor Manufacturing Stock Up 0.1 %

Shares of NYSE TSM opened at $151.86 on Friday. The business has a fifty day moving average of $174.87 and a two-hundred day moving average of $190.12. The company has a debt-to-equity ratio of 0.24, a quick ratio of 2.30 and a current ratio of 2.57. 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 $787.61 billion, a PE ratio of 21.57, a PEG ratio of 0.66 and a beta of 1.16.

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 net margin of 40.51% and a return on equity of 30.47%. As a group, equities research analysts expect that Taiwan Semiconductor Manufacturing Company Limited will post 9.2 earnings per share for the current fiscal year.

Taiwan Semiconductor Manufacturing Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 10th. Stockholders of record on Thursday, June 12th will be paid 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 a boost from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.55. Taiwan Semiconductor Manufacturing’s 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.