Bank Julius Baer & Co. Ltd Zurich Purchases 512,082 Shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Bank Julius Baer & Co. Ltd Zurich lifted its holdings in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 1,726.6% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 541,741 shares of the semiconductor company’s stock after purchasing an additional 512,082 shares during the period. Bank Julius Baer & Co. Ltd Zurich’s holdings in Taiwan Semiconductor Manufacturing were worth $114,860,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in TSM. Foster & Motley Inc. grew its stake in shares of Taiwan Semiconductor Manufacturing by 6.4% in the third quarter. Foster & Motley Inc. now owns 1,788 shares of the semiconductor company’s stock worth $311,000 after acquiring an additional 107 shares during the last quarter. Concurrent Investment Advisors LLC boosted its holdings in Taiwan Semiconductor Manufacturing by 13.4% in the 3rd quarter. Concurrent Investment Advisors LLC now owns 14,398 shares of the semiconductor company’s stock valued at $2,500,000 after purchasing an additional 1,703 shares during the period. Summit Global Investments boosted its holdings in Taiwan Semiconductor Manufacturing by 186.8% in the 3rd quarter. Summit Global Investments now owns 12,766 shares of the semiconductor company’s stock valued at $2,217,000 after purchasing an additional 8,315 shares during the period. Quantum Private Wealth LLC grew its position in Taiwan Semiconductor Manufacturing by 13.4% in the 3rd quarter. Quantum Private Wealth LLC now owns 11,573 shares of the semiconductor company’s stock worth $2,010,000 after purchasing an additional 1,368 shares during the last quarter. Finally, Granite Group Advisors LLC increased its holdings in shares of Taiwan Semiconductor Manufacturing by 12.2% during the 3rd quarter. Granite Group Advisors LLC now owns 2,561 shares of the semiconductor company’s stock worth $445,000 after purchasing an additional 279 shares during the period. Institutional investors and hedge funds own 16.51% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. StockNews.com lowered 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 set a $225.00 price objective on shares of Taiwan Semiconductor Manufacturing in a research report on Tuesday, February 18th. Finally, Barclays raised their target price on Taiwan Semiconductor Manufacturing from $240.00 to $255.00 and gave the stock an “overweight” rating in a research report on Friday, January 17th. Two 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, Taiwan Semiconductor Manufacturing has an average rating of “Moderate Buy” and an average price target of $220.00.

Taiwan Semiconductor Manufacturing Price Performance

TSM opened at $176.58 on Friday. The company has a fifty day moving average price of $202.05 and a two-hundred day moving average price of $191.62. The firm has a market capitalization of $915.80 billion, a PE ratio of 25.08, a P/E/G ratio of 0.66 and a beta of 1.06. Taiwan Semiconductor Manufacturing Company Limited has a 52 week low of $125.78 and a 52 week high of $226.40. The company has a debt-to-equity ratio of 0.24, a quick ratio of 2.30 and a current ratio of 2.57.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last announced 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 return on equity of 30.47% and a net margin of 40.51%. As a group, analysts anticipate that Taiwan Semiconductor Manufacturing Company Limited will post 9.2 earnings per share for the current year.

Taiwan Semiconductor Manufacturing Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 10th. Investors of record on Thursday, June 12th will be given a $0.6855 dividend. This represents a $2.74 dividend on an annualized basis and a dividend yield of 1.55%. This is an increase from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.55. The ex-dividend date is Thursday, June 12th. Taiwan Semiconductor Manufacturing’s dividend payout ratio (DPR) is currently 31.11%.

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.