Paragon Advisors LLC Increases Stock Holdings in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Paragon Advisors LLC increased its holdings in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 7.3% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 43,777 shares of the semiconductor company’s stock after purchasing an additional 2,996 shares during the period. Taiwan Semiconductor Manufacturing comprises about 3.0% of Paragon Advisors LLC’s portfolio, making the stock its 9th largest holding. Paragon Advisors LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $8,646,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. West Oak Capital LLC boosted its stake in shares of Taiwan Semiconductor Manufacturing by 2,717.6% in the 4th quarter. West Oak Capital LLC now owns 7,185 shares of the semiconductor company’s stock worth $1,419,000 after buying an additional 6,930 shares during the last quarter. Atlas Brown Inc. purchased a new position in Taiwan Semiconductor Manufacturing in the fourth quarter worth about $210,000. Highline Wealth Partners LLC grew its stake in shares of Taiwan Semiconductor Manufacturing by 26.2% during the 4th quarter. Highline Wealth Partners LLC now owns 1,190 shares of the semiconductor company’s stock valued at $235,000 after purchasing an additional 247 shares during the period. ST Germain D J Co. Inc. increased its position in shares of Taiwan Semiconductor Manufacturing by 0.7% during the 4th quarter. ST Germain D J Co. Inc. now owns 9,339 shares of the semiconductor company’s stock valued at $1,844,000 after purchasing an additional 61 shares during the last quarter. Finally, Legacy Private Trust Co. lifted its stake in shares of Taiwan Semiconductor Manufacturing by 69.1% in the 4th quarter. Legacy Private Trust Co. now owns 2,785 shares of the semiconductor company’s stock worth $550,000 after purchasing an additional 1,138 shares during the period. Institutional investors own 16.51% of the company’s stock.

Wall Street Analyst Weigh In

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

Taiwan Semiconductor Manufacturing Stock Up 0.6 %

TSM opened at $208.39 on Monday. The stock has a market cap of $1.08 trillion, a price-to-earnings ratio of 33.40, a price-to-earnings-growth ratio of 0.93 and a beta of 1.07. 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’s fifty day moving average is $196.94 and its 200 day moving average is $183.39. Taiwan Semiconductor Manufacturing Company Limited has a fifty-two week low of $99.99 and a fifty-two week high of $222.20.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last released its quarterly earnings data on Thursday, October 17th. The semiconductor company reported $1.94 earnings per share for the quarter, topping analysts’ consensus estimates of $1.74 by $0.20. The firm had revenue of $23.50 billion during the quarter, compared to analyst estimates of $22.72 billion. Taiwan Semiconductor Manufacturing had a return on equity of 27.44% and a net margin of 39.10%. On average, sell-side analysts forecast that Taiwan Semiconductor Manufacturing Company Limited will post 6.95 earnings per share 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. Stockholders of record on Tuesday, March 18th will be given a dividend of $0.5484 per share. The ex-dividend date of this dividend is Tuesday, March 18th. This represents a $2.19 annualized dividend and a dividend yield of 1.05%. This is a boost from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. Taiwan Semiconductor Manufacturing’s dividend payout ratio (DPR) is presently 35.10%.

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.