Silver Oak Securities Incorporated Acquires 15,073 Shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Silver Oak Securities Incorporated lifted its holdings in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 176.2% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 23,628 shares of the semiconductor company’s stock after buying an additional 15,073 shares during the quarter. Silver Oak Securities Incorporated’s holdings in Taiwan Semiconductor Manufacturing were worth $4,735,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Elm3 Financial Group LLC bought a new stake in shares of Taiwan Semiconductor Manufacturing in the 4th quarter valued at $404,000. Beacon Financial Advisory LLC grew its stake in Taiwan Semiconductor Manufacturing by 5.3% in the fourth quarter. Beacon Financial Advisory LLC now owns 1,355 shares of the semiconductor company’s stock valued at $268,000 after acquiring an additional 68 shares during the period. Adero Partners LLC increased its holdings in shares of Taiwan Semiconductor Manufacturing by 13.0% in the fourth quarter. Adero Partners LLC now owns 7,364 shares of the semiconductor company’s stock worth $1,454,000 after acquiring an additional 850 shares in the last quarter. Bleakley Financial Group LLC lifted its position in shares of Taiwan Semiconductor Manufacturing by 1.4% in the fourth quarter. Bleakley Financial Group LLC now owns 42,218 shares of the semiconductor company’s stock worth $8,338,000 after purchasing an additional 569 shares in the last quarter. Finally, Kercheville Advisors LLC acquired a new position in Taiwan Semiconductor Manufacturing during the fourth quarter worth $316,000. Institutional investors and hedge funds own 16.51% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the stock. Needham & Company LLC reiterated a “buy” rating and issued a $225.00 price target on shares of Taiwan Semiconductor Manufacturing in a research note on Thursday, January 16th. StockNews.com downgraded Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a research report on Tuesday, January 28th. Susquehanna reissued a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a research report 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 assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $220.00.

Taiwan Semiconductor Manufacturing Price Performance

Shares of NYSE TSM opened at $208.53 on Thursday. The firm has a market cap of $1.08 trillion, a P/E ratio of 29.62, a price-to-earnings-growth ratio of 0.69 and a beta of 1.06. The business’s 50 day moving average is $203.69 and its 200-day moving average is $187.05. The company has a current ratio of 2.57, a quick ratio of 2.30 and a debt-to-equity ratio of 0.24. Taiwan Semiconductor Manufacturing Company Limited has a 1-year low of $118.28 and a 1-year high of $226.40.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last posted its 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 return on equity of 30.47% and a net margin of 40.51%. Equities research analysts predict that Taiwan Semiconductor Manufacturing Company Limited will post 9.12 earnings per share for the current year.

Taiwan Semiconductor Manufacturing Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 10th. Shareholders of record on Tuesday, March 18th will be issued a $0.5484 dividend. The ex-dividend date of this dividend is Tuesday, March 18th. This represents a $2.19 dividend on an annualized basis and a yield of 1.05%. This is an increase from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. Taiwan Semiconductor Manufacturing’s payout ratio is currently 27.27%.

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.