Freestone Capital Holdings LLC Has $758,000 Stock Position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Freestone Capital Holdings LLC boosted its stake in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 2.6% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 3,840 shares of the semiconductor company’s stock after buying an additional 96 shares during the period. Freestone Capital Holdings LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $758,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Ethos Financial Group LLC acquired a new position in Taiwan Semiconductor Manufacturing in the 4th quarter valued at about $178,000. Lindbrook Capital LLC grew its stake in Taiwan Semiconductor Manufacturing by 3.8% in the 4th quarter. Lindbrook Capital LLC now owns 13,495 shares of the semiconductor company’s stock valued at $2,665,000 after buying an additional 492 shares during the last quarter. Cullen Frost Bankers Inc. grew its stake in Taiwan Semiconductor Manufacturing by 9.4% in the 4th quarter. Cullen Frost Bankers Inc. now owns 1,294 shares of the semiconductor company’s stock valued at $255,000 after buying an additional 111 shares during the last quarter. Verdence Capital Advisors LLC grew its stake in Taiwan Semiconductor Manufacturing by 22.4% in the 4th quarter. Verdence Capital Advisors LLC now owns 16,184 shares of the semiconductor company’s stock valued at $3,196,000 after buying an additional 2,966 shares during the last quarter. Finally, Aigen Investment Management LP grew its stake in Taiwan Semiconductor Manufacturing by 1.5% in the 4th quarter. Aigen Investment Management LP now owns 9,028 shares of the semiconductor company’s stock valued at $1,783,000 after buying an additional 133 shares during the last quarter. Institutional investors and hedge funds own 16.51% of the company’s stock.

Taiwan Semiconductor Manufacturing Stock Performance

Shares of Taiwan Semiconductor Manufacturing stock opened at $175.99 on Friday. The company has a 50 day moving average of $202.55 and a 200-day moving average of $191.61. Taiwan Semiconductor Manufacturing Company Limited has a 1-year low of $125.78 and a 1-year high of $226.40. The company has a current ratio of 2.57, a quick ratio of 2.30 and a debt-to-equity ratio of 0.24. The company has a market cap of $912.75 billion, a PE ratio of 25.00, a price-to-earnings-growth ratio of 0.66 and a beta of 1.06.

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, topping 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, equities research analysts forecast that Taiwan Semiconductor Manufacturing Company Limited will post 9.2 earnings per share 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 issued a dividend of $0.6855 per share. This represents a $2.74 dividend on an annualized basis and a dividend yield of 1.56%. The ex-dividend date of this dividend is Thursday, June 12th. This is an increase from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.55. Taiwan Semiconductor Manufacturing’s dividend payout ratio is 31.11%.

Analysts Set New Price Targets

A number of research firms have issued reports on TSM. Barclays boosted their price objective on shares of Taiwan Semiconductor Manufacturing from $240.00 to $255.00 and gave the company an “overweight” rating in a report on Friday, January 17th. Needham & Company LLC reissued a “buy” rating and issued a $225.00 price objective 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 analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Taiwan Semiconductor Manufacturing currently has an average rating of “Moderate Buy” and an average price target of $220.00.

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.