Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) Shares Purchased by WT Asset Management Ltd

WT Asset Management Ltd boosted its holdings in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 9.5% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 394,241 shares of the semiconductor company’s stock after buying an additional 34,303 shares during the period. Taiwan Semiconductor Manufacturing accounts for approximately 8.6% of WT Asset Management Ltd’s holdings, making the stock its 3rd largest holding. WT Asset Management Ltd’s holdings in Taiwan Semiconductor Manufacturing were worth $77,859,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in TSM. Reston Wealth Management LLC acquired a new stake in Taiwan Semiconductor Manufacturing during the third quarter worth about $25,000. Sugarloaf Wealth Management LLC increased its position in Taiwan Semiconductor Manufacturing by 77.1% during the 3rd quarter. Sugarloaf Wealth Management LLC now owns 186 shares of the semiconductor company’s stock worth $32,000 after purchasing an additional 81 shares in the last quarter. Archer Investment Corp raised its holdings in Taiwan Semiconductor Manufacturing by 48.1% in the third quarter. Archer Investment Corp now owns 191 shares of the semiconductor company’s stock valued at $33,000 after buying an additional 62 shares during the period. Endeavor Private Wealth Inc. acquired a new position in Taiwan Semiconductor Manufacturing during the fourth quarter valued at approximately $40,000. Finally, American Capital Advisory LLC purchased a new stake in Taiwan Semiconductor Manufacturing during the third quarter worth approximately $38,000. Hedge funds and other institutional investors own 16.51% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently weighed in on TSM shares. StockNews.com lowered shares of Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a report on Tuesday, January 28th. Needham & Company LLC reaffirmed a “buy” rating and issued a $225.00 target price on shares of Taiwan Semiconductor Manufacturing in a research report on Thursday, January 16th. Susquehanna reiterated a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a research note on Friday, October 18th. Finally, Barclays boosted their price target 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. According to data from MarketBeat, Taiwan Semiconductor Manufacturing presently has an average rating of “Moderate Buy” and an average target price of $220.00.

Taiwan Semiconductor Manufacturing Stock Up 2.2 %

Shares of Taiwan Semiconductor Manufacturing stock opened at $204.21 on Wednesday. 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 Company Limited has a 1-year low of $116.58 and a 1-year high of $226.40. The business has a 50-day moving average of $202.74 and a 200-day moving average of $186.63. The company has a market capitalization of $1.06 trillion, a PE ratio of 29.01, a P/E/G ratio of 0.69 and a beta of 1.06.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last posted its quarterly earnings data on Thursday, January 16th. The semiconductor company reported $2.24 earnings per share (EPS) for the quarter, topping the consensus estimate 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, equities analysts forecast that Taiwan Semiconductor Manufacturing Company Limited will post 9.12 EPS for the current fiscal year.

Taiwan Semiconductor Manufacturing Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 10th. Shareholders of record on Tuesday, March 18th will be paid a dividend of $0.5484 per share. This represents a $2.19 dividend on an annualized basis and a yield of 1.07%. This is an increase from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. The ex-dividend date of this dividend is Tuesday, March 18th. Taiwan Semiconductor Manufacturing’s dividend payout ratio is 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.