Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) Position Boosted by Trust Co of the South

Trust Co of the South grew its holdings in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 232.8% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 8,869 shares of the semiconductor company’s stock after purchasing an additional 6,204 shares during the period. Trust Co of the South’s holdings in Taiwan Semiconductor Manufacturing were worth $1,752,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of TSM. DGS Capital Management LLC grew its position in shares of Taiwan Semiconductor Manufacturing by 8.7% during the third quarter. DGS Capital Management LLC now owns 21,116 shares of the semiconductor company’s stock worth $3,667,000 after acquiring an additional 1,682 shares during the last quarter. Logan Capital Management Inc. grew its position in Taiwan Semiconductor Manufacturing by 20.1% in the 3rd quarter. Logan Capital Management Inc. now owns 334 shares of the semiconductor company’s stock worth $58,000 after purchasing an additional 56 shares during the last quarter. Dantai Capital Ltd increased its stake in shares of Taiwan Semiconductor Manufacturing by 62.7% in the third quarter. Dantai Capital Ltd now owns 33,095 shares of the semiconductor company’s stock valued at $5,748,000 after purchasing an additional 12,755 shares during the period. Oddo BHF Asset Management Sas bought a new position in Taiwan Semiconductor Manufacturing in the 3rd quarter worth approximately $2,449,000. Finally, Garde Capital Inc. raised its stake in Taiwan Semiconductor Manufacturing by 142.2% during the 3rd quarter. Garde Capital Inc. now owns 6,246 shares of the semiconductor company’s stock valued at $1,085,000 after acquiring an additional 3,667 shares in the last quarter. Institutional investors and hedge funds own 16.51% of the company’s stock.

Taiwan Semiconductor Manufacturing Trading Up 1.4 %

Shares of NYSE:TSM traded up $2.68 during midday trading on Thursday, reaching $200.17. The company had a trading volume of 8,663,686 shares, compared to its average volume of 14,998,865. The company has a fifty day simple moving average of $195.07 and a two-hundred day simple moving average of $181.63. The company has a debt-to-equity ratio of 0.24, a quick ratio of 2.30 and a current ratio of 2.57. The firm has a market cap of $1.04 trillion, a price-to-earnings ratio of 32.08, a price-to-earnings-growth ratio of 0.93 and a beta of 1.09. Taiwan Semiconductor Manufacturing Company Limited has a 1-year low of $98.80 and a 1-year high of $212.60.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last issued its quarterly earnings results on Thursday, October 17th. The semiconductor company reported $1.94 EPS for the quarter, beating the consensus estimate of $1.74 by $0.20. The business had revenue of $23.50 billion during the quarter, compared to the consensus estimate of $22.72 billion. Taiwan Semiconductor Manufacturing had a net margin of 39.10% and a return on equity of 27.44%. Research analysts predict that Taiwan Semiconductor Manufacturing Company Limited will post 6.95 earnings per share for the current year.

Taiwan Semiconductor Manufacturing Increases Dividend

The firm also recently announced 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 annualized dividend and a yield of 1.10%. The ex-dividend date is Tuesday, March 18th. This is a boost from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. Taiwan Semiconductor Manufacturing’s payout ratio is 35.10%.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on TSM shares. StockNews.com downgraded shares of Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a report on Sunday, November 17th. Needham & Company LLC reiterated a “buy” rating and issued a $210.00 price objective on shares of Taiwan Semiconductor Manufacturing in a report on Thursday, October 17th. Susquehanna restated a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a research report on Friday, October 18th. Finally, Barclays upped their price target on shares of Taiwan Semiconductor Manufacturing from $215.00 to $240.00 and gave the company an “overweight” rating in a report on Monday, November 18th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $214.00.

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.