Cascades Capital Asset Management LLC Increases Stock Position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Cascades Capital Asset Management LLC lifted its holdings in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 9.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,997 shares of the semiconductor company’s stock after buying an additional 350 shares during the quarter. Cascades Capital Asset Management LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $789,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the business. Nutshell Asset Management Ltd bought a new stake in Taiwan Semiconductor Manufacturing during the fourth quarter worth about $1,926,000. Russell Investments Group Ltd. lifted its holdings in shares of Taiwan Semiconductor Manufacturing by 3.4% during the fourth quarter. Russell Investments Group Ltd. now owns 4,765,528 shares of the semiconductor company’s stock valued at $941,650,000 after purchasing an additional 155,570 shares during the last quarter. Ted Buchan & Co boosted its position in shares of Taiwan Semiconductor Manufacturing by 4.2% in the 4th quarter. Ted Buchan & Co now owns 5,717 shares of the semiconductor company’s stock worth $1,129,000 after purchasing an additional 231 shares in the last quarter. Perennial Investment Advisors LLC grew its stake in shares of Taiwan Semiconductor Manufacturing by 1.6% in the 4th quarter. Perennial Investment Advisors LLC now owns 6,510 shares of the semiconductor company’s stock worth $1,286,000 after buying an additional 100 shares during the last quarter. Finally, Sit Investment Associates Inc. increased its position in Taiwan Semiconductor Manufacturing by 3.3% during the 4th quarter. Sit Investment Associates Inc. now owns 20,214 shares of the semiconductor company’s stock valued at $3,992,000 after buying an additional 639 shares in the last quarter. 16.51% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research firms have recently commented on TSM. Barclays increased their target price on Taiwan Semiconductor Manufacturing from $240.00 to $255.00 and gave the stock an “overweight” rating in a research note on Friday, January 17th. StockNews.com downgraded shares of Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a research report on Tuesday, January 28th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $225.00 target price on shares of Taiwan Semiconductor Manufacturing in a report on Tuesday, February 18th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $220.00.

Taiwan Semiconductor Manufacturing Trading Down 6.7 %

Shares of NYSE:TSM opened at $146.88 on Friday. Taiwan Semiconductor Manufacturing Company Limited has a 1 year low of $125.78 and a 1 year high of $226.40. The stock’s fifty day moving average price is $186.54 and its 200-day moving average price is $192.09. The company has a market cap of $761.76 billion, a P/E ratio of 20.86, a PEG ratio of 0.66 and a beta of 1.16. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.57 and a quick ratio of 2.30.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last posted its earnings results on Thursday, January 16th. The semiconductor company reported $2.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.16 by $0.08. Taiwan Semiconductor Manufacturing had a net margin of 40.51% and a return on equity of 30.47%. Sell-side analysts expect that Taiwan Semiconductor Manufacturing Company Limited will post 9.2 earnings per share 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. Shareholders of record on Thursday, June 12th will be paid a dividend of $0.6855 per share. 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. This represents a $2.74 dividend on an annualized basis and a yield of 1.87%. Taiwan Semiconductor Manufacturing’s payout ratio is currently 30.68%.

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.