Lockheed Martin Investment Management Co. Buys 15,200 Shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Lockheed Martin Investment Management Co. lifted its stake in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 18.7% in the 4th quarter, HoldingsChannel reports. The fund owned 96,400 shares of the semiconductor company’s stock after purchasing an additional 15,200 shares during the quarter. Lockheed Martin Investment Management Co.’s holdings in Taiwan Semiconductor Manufacturing were worth $19,038,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Hager Investment Management Services LLC bought a new position in Taiwan Semiconductor Manufacturing in the fourth quarter worth about $2,243,000. Stratos Wealth Advisors LLC raised its stake in shares of Taiwan Semiconductor Manufacturing by 5.3% during the 4th quarter. Stratos Wealth Advisors LLC now owns 7,138 shares of the semiconductor company’s stock worth $1,410,000 after acquiring an additional 361 shares in the last quarter. Stratos Wealth Partners LTD. lifted its position in Taiwan Semiconductor Manufacturing by 57.1% during the fourth quarter. Stratos Wealth Partners LTD. now owns 27,190 shares of the semiconductor company’s stock valued at $5,370,000 after acquiring an additional 9,888 shares during the last quarter. Sargent Investment Group LLC boosted its stake in Taiwan Semiconductor Manufacturing by 51.5% in the fourth quarter. Sargent Investment Group LLC now owns 4,440 shares of the semiconductor company’s stock valued at $894,000 after acquiring an additional 1,510 shares in the last quarter. Finally, Redwood Wealth Management Group LLC purchased a new position in Taiwan Semiconductor Manufacturing in the fourth quarter worth $232,000. 16.51% of the stock is currently owned by hedge funds and other institutional investors.

Taiwan Semiconductor Manufacturing Price Performance

Shares of NYSE:TSM opened at $204.21 on Wednesday. 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 twelve month low of $116.58 and a twelve month high of $226.40. The company’s 50 day moving average is $202.74 and its 200 day moving average is $186.63. The company has a market cap of $1.06 trillion, a PE ratio of 29.01, a price-to-earnings-growth ratio of 0.69 and a beta of 1.06.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last issued its earnings results 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 net margin of 40.51% and a return on equity of 30.47%. On average, sell-side analysts forecast that Taiwan Semiconductor Manufacturing Company Limited will post 9.12 EPS for the current year.

Taiwan Semiconductor Manufacturing Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 10th. Stockholders of record on Tuesday, March 18th will be issued a $0.5484 dividend. This represents a $2.19 annualized dividend and a dividend yield of 1.07%. The ex-dividend date of this dividend is Tuesday, March 18th. This is a boost from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. Taiwan Semiconductor Manufacturing’s payout ratio is 27.27%.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the company. Needham & Company LLC reissued a “buy” rating and issued a $225.00 price objective on shares of Taiwan Semiconductor Manufacturing in a research report on Thursday, January 16th. Barclays raised their price target on Taiwan Semiconductor Manufacturing from $240.00 to $255.00 and gave the stock an “overweight” rating in a 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, Susquehanna reiterated a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a research note on Friday, October 18th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $220.00.

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.