Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) Shares Bought by Stevens Capital Partners

Stevens Capital Partners grew its holdings in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 3.0% during the 4th quarter, HoldingsChannel reports. The firm owned 2,234 shares of the semiconductor company’s stock after buying an additional 65 shares during the period. Stevens Capital Partners’ holdings in Taiwan Semiconductor Manufacturing were worth $441,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in TSM. AMF Tjanstepension AB boosted its holdings in shares of Taiwan Semiconductor Manufacturing by 4.8% during the 3rd quarter. AMF Tjanstepension AB now owns 1,533,207 shares of the semiconductor company’s stock worth $266,300,000 after purchasing an additional 70,057 shares during the last quarter. International Assets Investment Management LLC lifted its position in Taiwan Semiconductor Manufacturing by 23,351.0% in the third quarter. International Assets Investment Management LLC now owns 1,027,624 shares of the semiconductor company’s stock valued at $178,467,000 after buying an additional 1,023,242 shares during the last quarter. Hennion & Walsh Asset Management Inc. lifted its stake in Taiwan Semiconductor Manufacturing by 24.9% during the third quarter. Hennion & Walsh Asset Management Inc. now owns 10,144 shares of the semiconductor company’s stock worth $1,769,000 after purchasing an additional 2,020 shares in the last quarter. Dakota Wealth Management grew its position in Taiwan Semiconductor Manufacturing by 12.6% in the 3rd quarter. Dakota Wealth Management now owns 8,703 shares of the semiconductor company’s stock valued at $1,511,000 after acquiring an additional 972 shares in the last quarter. Finally, Busey Bank increased its stake in Taiwan Semiconductor Manufacturing by 18.2% during the 3rd quarter. Busey Bank now owns 2,658 shares of the semiconductor company’s stock worth $462,000 after buying an additional 410 shares during the period. Institutional investors and hedge funds own 16.51% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently issued reports on TSM. StockNews.com cut Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a research note on Tuesday, January 28th. Needham & Company LLC reiterated a “buy” rating and issued a $225.00 price objective on shares of Taiwan Semiconductor Manufacturing in a research note on Tuesday, February 18th. Finally, Barclays lifted their price objective on Taiwan Semiconductor Manufacturing from $240.00 to $255.00 and gave the company an “overweight” rating in a research note on Friday, January 17th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $220.00.

Taiwan Semiconductor Manufacturing Stock Down 0.8 %

Shares of NYSE TSM opened at $198.40 on Friday. The company has a market capitalization of $1.03 trillion, a price-to-earnings ratio of 28.18, a price-to-earnings-growth ratio of 0.66 and a beta of 1.06. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.57 and a quick ratio of 2.30. The business has a 50-day moving average of $205.80 and a two-hundred day moving average of $190.82. Taiwan Semiconductor Manufacturing Company Limited has a 1 year low of $125.78 and a 1 year high of $226.40.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last posted its earnings results 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%. On average, analysts forecast that Taiwan Semiconductor Manufacturing Company Limited will post 9.2 earnings per share for the current fiscal year.

Taiwan Semiconductor Manufacturing Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 10th. Stockholders of record on Thursday, June 12th will be given a dividend of $0.6855 per share. This represents a $2.74 annualized dividend and a dividend yield of 1.38%. The ex-dividend date is Thursday, June 12th. This is an increase from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.55. Taiwan Semiconductor Manufacturing’s payout ratio is currently 27.27%.

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.