Catalyst Capital Advisors LLC Raises Stake in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Catalyst Capital Advisors LLC boosted its holdings in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 3.8% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 31,550 shares of the semiconductor company’s stock after purchasing an additional 1,150 shares during the period. Catalyst Capital Advisors LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $6,231,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Reston Wealth Management LLC purchased a new position in Taiwan Semiconductor Manufacturing during the 3rd quarter worth $25,000. Stonebridge Financial Group LLC acquired a new stake in shares of Taiwan Semiconductor Manufacturing in the 4th quarter worth $25,000. Roxbury Financial LLC acquired a new stake in shares of Taiwan Semiconductor Manufacturing in the 4th quarter worth $29,000. Archer Investment Corp lifted its stake in shares of Taiwan Semiconductor Manufacturing by 48.1% in the 3rd quarter. Archer Investment Corp now owns 191 shares of the semiconductor company’s stock worth $33,000 after acquiring an additional 62 shares during the period. Finally, American Capital Advisory LLC acquired a new stake in shares of Taiwan Semiconductor Manufacturing in the 3rd quarter worth $38,000. 16.51% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms have recently commented on TSM. StockNews.com cut shares of Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a research note on Tuesday, January 28th. Needham & Company LLC restated a “buy” rating and issued a $225.00 target price on shares of Taiwan Semiconductor Manufacturing in a research note on Thursday, January 16th. Finally, Barclays raised their target price 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. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $220.00.

Taiwan Semiconductor Manufacturing Stock Up 1.0 %

TSM stock opened at $203.77 on Monday. The company has a market cap of $1.06 trillion, a P/E ratio of 28.94, a P/E/G ratio of 0.70 and a beta of 1.06. Taiwan Semiconductor Manufacturing Company Limited has a 52 week low of $122.91 and a 52 week high of $226.40. The company’s 50-day moving average price is $205.26 and its 200 day moving average price is $189.22. 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 (NYSE:TSM) last released its quarterly earnings data on Thursday, January 16th. The semiconductor company reported $2.24 EPS for the quarter, topping analysts’ consensus estimates 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, research analysts expect that Taiwan Semiconductor Manufacturing Company Limited will post 9.12 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. Investors of record on Thursday, June 12th will be issued a dividend of $0.6855 per share. The ex-dividend date of this dividend is Thursday, June 12th. This represents a $2.74 dividend on an annualized basis and a yield of 1.35%. 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.