Zions Bancorporation N.A. Has $7.22 Million Position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Zions Bancorporation N.A. lifted its holdings in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 38.9% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 36,535 shares of the semiconductor company’s stock after acquiring an additional 10,231 shares during the period. Zions Bancorporation N.A.’s holdings in Taiwan Semiconductor Manufacturing were worth $7,215,000 as of its most recent filing with the SEC.

Several other institutional investors have also made changes to their positions in TSM. Stonebridge Financial Group LLC acquired a new stake in Taiwan Semiconductor Manufacturing during the fourth quarter valued at approximately $25,000. IMG Wealth Management Inc. bought a new position in shares of Taiwan Semiconductor Manufacturing during the 4th quarter worth approximately $26,000. Hopwood Financial Services Inc. acquired a new stake in Taiwan Semiconductor Manufacturing in the 4th quarter valued at $27,000. Roxbury Financial LLC bought a new stake in Taiwan Semiconductor Manufacturing in the fourth quarter valued at $29,000. Finally, CoreFirst Bank & Trust acquired a new position in Taiwan Semiconductor Manufacturing during the fourth quarter worth $39,000. 16.51% of the stock is currently owned by institutional investors and hedge funds.

Taiwan Semiconductor Manufacturing Stock Up 2.6 %

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 firm has a market cap of $940.27 billion, a P/E ratio of 25.75, a P/E/G ratio of 0.66 and a beta of 1.13. 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 company’s 50-day moving average price is $195.27 and its two-hundred day moving average price is $192.45.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last issued its quarterly earnings results on Thursday, January 16th. The semiconductor company reported $2.24 earnings per share for the quarter, beating 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%. As a group, research analysts forecast that Taiwan Semiconductor Manufacturing Company Limited will post 9.2 EPS for the current fiscal year.

Taiwan Semiconductor Manufacturing Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 10th. Stockholders of record on Thursday, June 12th will be paid a dividend of $0.6855 per share. This represents a $2.74 annualized dividend and a dividend yield of 1.51%. The ex-dividend date of this dividend is Thursday, June 12th. This is a positive change from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.55. Taiwan Semiconductor Manufacturing’s dividend payout ratio is 30.68%.

Analyst Ratings Changes

Several research firms have recently weighed in on TSM. Barclays upped their target price on shares of Taiwan Semiconductor Manufacturing from $240.00 to $255.00 and gave the stock an “overweight” rating in a report on Friday, January 17th. Needham & Company LLC reaffirmed a “buy” rating and set a $225.00 price objective on shares of Taiwan Semiconductor Manufacturing in a research note on Tuesday, February 18th. Finally, StockNews.com cut shares of Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a research note on Tuesday, January 28th. Two investment 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 target price of $220.00.

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.