Madison Investment Advisors LLC Purchases New Position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Madison Investment Advisors LLC purchased a new stake in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 21,236 shares of the semiconductor company’s stock, valued at approximately $4,194,000.

Several other institutional investors and hedge funds have also recently modified their holdings of TSM. First Horizon Advisors Inc. increased its stake in shares of Taiwan Semiconductor Manufacturing by 3.1% in the 3rd quarter. First Horizon Advisors Inc. now owns 8,181 shares of the semiconductor company’s stock valued at $1,421,000 after purchasing an additional 247 shares in the last quarter. King Luther Capital Management Corp boosted its holdings in Taiwan Semiconductor Manufacturing by 1.5% in the 3rd quarter. King Luther Capital Management Corp now owns 6,913 shares of the semiconductor company’s stock worth $1,201,000 after buying an additional 101 shares during the last quarter. LPL Financial LLC boosted its holdings in Taiwan Semiconductor Manufacturing by 17.7% in the 3rd quarter. LPL Financial LLC now owns 1,149,145 shares of the semiconductor company’s stock worth $199,572,000 after buying an additional 172,918 shares during the last quarter. Smithfield Trust Co boosted its holdings in Taiwan Semiconductor Manufacturing by 3.7% in the 3rd quarter. Smithfield Trust Co now owns 5,738 shares of the semiconductor company’s stock worth $997,000 after buying an additional 203 shares during the last quarter. Finally, 49 Wealth Management LLC acquired a new stake in Taiwan Semiconductor Manufacturing in the 3rd quarter worth about $513,000. Hedge funds and other institutional investors own 16.51% of the company’s stock.

Analyst Ratings Changes

TSM has been the topic of several research analyst reports. StockNews.com cut Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a report on Tuesday, January 28th. Barclays lifted their price objective on Taiwan Semiconductor Manufacturing from $240.00 to $255.00 and gave the stock an “overweight” rating in a report on Friday, January 17th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $225.00 price objective on shares of Taiwan Semiconductor Manufacturing in a report on Tuesday, February 18th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $220.00.

Taiwan Semiconductor Manufacturing Trading Down 0.5 %

Shares of Taiwan Semiconductor Manufacturing stock opened at $176.58 on Friday. The stock has a market cap of $915.81 billion, a P/E ratio of 25.08, a P/E/G ratio of 0.66 and a beta of 1.13. The stock’s 50 day simple moving average is $195.68 and its 200-day simple moving average is $191.89. Taiwan Semiconductor Manufacturing Company Limited has a 1-year low of $125.78 and a 1-year high of $226.40. 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 (NYSE:TSM) last issued 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%. Analysts predict that Taiwan Semiconductor Manufacturing Company Limited will post 9.2 EPS for the current fiscal year.

Taiwan Semiconductor Manufacturing Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 10th. Investors of record on Thursday, June 12th will be issued a $0.6855 dividend. The ex-dividend date is Thursday, June 12th. This is a boost from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.55. This represents a $2.74 dividend on an annualized basis and a yield of 1.55%. Taiwan Semiconductor Manufacturing’s dividend 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.