Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) is Shikiar Asset Management Inc.’s 7th Largest Position

Shikiar Asset Management Inc. decreased its holdings in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 12.6% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 56,648 shares of the semiconductor company’s stock after selling 8,155 shares during the quarter. Taiwan Semiconductor Manufacturing makes up 3.0% of Shikiar Asset Management Inc.’s investment portfolio, making the stock its 7th largest position. Shikiar Asset Management Inc.’s holdings in Taiwan Semiconductor Manufacturing were worth $11,187,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently made changes to their positions in the company. Blair William & Co. IL raised its holdings in shares of Taiwan Semiconductor Manufacturing by 24.2% during the second quarter. Blair William & Co. IL now owns 79,627 shares of the semiconductor company’s stock worth $13,840,000 after acquiring an additional 15,522 shares in the last quarter. Waterloo Capital L.P. lifted its holdings in shares of Taiwan Semiconductor Manufacturing by 11.2% during the 2nd quarter. Waterloo Capital L.P. now owns 1,810 shares of the semiconductor company’s stock valued at $315,000 after buying an additional 182 shares during the last quarter. Glass Jacobson Investment Advisors llc grew its stake in shares of Taiwan Semiconductor Manufacturing by 1,410.4% in the 2nd quarter. Glass Jacobson Investment Advisors llc now owns 1,163 shares of the semiconductor company’s stock valued at $202,000 after buying an additional 1,086 shares in the last quarter. Inspire Investing LLC increased its holdings in Taiwan Semiconductor Manufacturing by 32.3% in the second quarter. Inspire Investing LLC now owns 11,286 shares of the semiconductor company’s stock worth $1,962,000 after buying an additional 2,754 shares during the last quarter. Finally, ProVise Management Group LLC lifted its stake in shares of Taiwan Semiconductor Manufacturing by 5.3% in the 2nd quarter. ProVise Management Group LLC now owns 1,769 shares of the semiconductor company’s stock valued at $307,000 after purchasing an additional 89 shares during the last quarter. Institutional investors and hedge funds own 16.51% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. Needham & Company LLC restated a “buy” rating and set a $225.00 target price on shares of Taiwan Semiconductor Manufacturing in a report on Thursday. StockNews.com downgraded Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a research note on Sunday, November 17th. Susquehanna reaffirmed a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a research report on Friday, October 18th. Finally, Barclays lifted their price target on shares of Taiwan Semiconductor Manufacturing from $240.00 to $255.00 and gave the company an “overweight” rating in a research report on Friday. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $220.00.

Taiwan Semiconductor Manufacturing Price Performance

Shares of NYSE:TSM opened at $211.52 on Friday. The company has a quick ratio of 2.30, a current ratio of 2.57 and a debt-to-equity ratio of 0.24. The business has a 50 day moving average price of $197.81 and a 200 day moving average price of $184.17. The company has a market cap of $1.10 trillion, a price-to-earnings ratio of 33.90, a PEG ratio of 0.76 and a beta of 1.07. Taiwan Semiconductor Manufacturing Company Limited has a twelve month low of $109.48 and a twelve month high of $222.20.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last released its earnings results on Thursday, January 16th. The semiconductor company reported $2.24 EPS for the quarter, beating the consensus estimate of $2.16 by $0.08. Taiwan Semiconductor Manufacturing had a net margin of 39.10% and a return on equity of 27.44%. Research analysts predict that Taiwan Semiconductor Manufacturing Company Limited will post 6.92 earnings per share for the current year.

Taiwan Semiconductor Manufacturing Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 10th. Investors of record on Tuesday, March 18th will be given a dividend of $0.5484 per share. The ex-dividend date is Tuesday, March 18th. This is an increase from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. This represents a $2.19 dividend on an annualized basis and a yield of 1.04%. Taiwan Semiconductor Manufacturing’s dividend payout ratio (DPR) is 30.77%.

Taiwan Semiconductor Manufacturing Company 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.