Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) Stake Boosted by Cobblestone Capital Advisors LLC NY

Cobblestone Capital Advisors LLC NY increased its position in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 2.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,469 shares of the semiconductor company’s stock after purchasing an additional 57 shares during the quarter. Cobblestone Capital Advisors LLC NY’s holdings in Taiwan Semiconductor Manufacturing were worth $488,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the company. Reston Wealth Management LLC bought a new position in shares of Taiwan Semiconductor Manufacturing in the 3rd quarter worth about $25,000. Stonebridge Financial Group LLC bought a new position in Taiwan Semiconductor Manufacturing in the fourth quarter worth about $25,000. Roxbury Financial LLC bought a new position in Taiwan Semiconductor Manufacturing in the fourth quarter worth about $29,000. Archer Investment Corp lifted its holdings in shares of Taiwan Semiconductor Manufacturing by 48.1% in the 3rd quarter. Archer Investment Corp now owns 191 shares of the semiconductor company’s stock worth $33,000 after purchasing an additional 62 shares during the last quarter. Finally, American Capital Advisory LLC bought a new stake in shares of Taiwan Semiconductor Manufacturing in the 3rd quarter worth approximately $38,000. 16.51% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

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

Taiwan Semiconductor Manufacturing Stock Down 0.5 %

Shares of Taiwan Semiconductor Manufacturing stock opened at $180.10 on Friday. The business’s fifty day moving average price is $204.74 and its two-hundred day moving average price is $191.59. 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 company has a market capitalization of $934.05 billion, a P/E ratio of 25.58, a PEG ratio of 0.66 and a beta of 1.06. Taiwan Semiconductor Manufacturing Company Limited has a 1-year low of $125.78 and a 1-year high of $226.40.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last issued its quarterly earnings data 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 year.

Taiwan Semiconductor Manufacturing Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 10th. Investors of record on Thursday, June 12th will be issued a dividend of $0.6855 per share. This is a boost 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 yield of 1.52%. Taiwan Semiconductor Manufacturing’s payout ratio is presently 31.11%.

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.