Keystone Investors PTE Ltd. Boosts Stock Position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Keystone Investors PTE Ltd. raised its position in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 18.1% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 42,205 shares of the semiconductor company’s stock after buying an additional 6,469 shares during the quarter. Taiwan Semiconductor Manufacturing comprises about 0.6% of Keystone Investors PTE Ltd.’s investment portfolio, making the stock its 26th largest holding. Keystone Investors PTE Ltd.’s holdings in Taiwan Semiconductor Manufacturing were worth $8,335,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the company. Stonebridge Financial Group LLC purchased a new position in shares of Taiwan Semiconductor Manufacturing in the 4th quarter valued at approximately $25,000. IMG Wealth Management Inc. acquired a new position in Taiwan Semiconductor Manufacturing during the 4th quarter valued at approximately $26,000. Hopwood Financial Services Inc. purchased a new position in shares of Taiwan Semiconductor Manufacturing in the fourth quarter worth $27,000. Roxbury Financial LLC purchased a new stake in shares of Taiwan Semiconductor Manufacturing during the fourth quarter valued at $29,000. Finally, CoreFirst Bank & Trust acquired a new position in shares of Taiwan Semiconductor Manufacturing in the 4th quarter valued at $39,000. 16.51% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several analysts have weighed in on the company. Barclays boosted their price target 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. Needham & Company LLC reiterated a “buy” rating and issued a $225.00 price target on shares of Taiwan Semiconductor Manufacturing in a report on Tuesday, February 18th. Finally, StockNews.com downgraded shares of Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a report on Tuesday, January 28th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $220.00.

Taiwan Semiconductor Manufacturing Price Performance

Shares of NYSE TSM opened at $181.29 on Tuesday. Taiwan Semiconductor Manufacturing Company Limited has a 12 month low of $125.78 and a 12 month 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. The firm’s 50 day simple moving average is $195.27 and its 200-day simple moving average is $192.45. The stock has a market capitalization of $940.27 billion, a price-to-earnings ratio of 25.75, a PEG ratio of 0.66 and a beta of 1.13.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last posted its quarterly earnings data on Thursday, January 16th. The semiconductor company reported $2.24 EPS for the quarter, beating 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%. Analysts expect that Taiwan Semiconductor Manufacturing Company Limited will post 9.2 EPS for the current year.

Taiwan Semiconductor Manufacturing Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 10th. Stockholders of record on Thursday, June 12th will be given a $0.6855 dividend. This is a positive change from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.55. The ex-dividend date of this dividend is Thursday, June 12th. This represents a $2.74 annualized dividend and a dividend yield of 1.51%. Taiwan Semiconductor Manufacturing’s dividend payout ratio (DPR) is 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.