Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) Shares Bought by Legacy Capital Group California Inc.

Legacy Capital Group California Inc. raised its position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 35.4% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 5,408 shares of the semiconductor company’s stock after buying an additional 1,415 shares during the quarter. Legacy Capital Group California Inc.’s holdings in Taiwan Semiconductor Manufacturing were worth $1,068,000 as of its most recent filing with the SEC.

Several other institutional investors also recently bought and sold shares of the company. AMF Tjanstepension AB grew its stake in shares of Taiwan Semiconductor Manufacturing by 4.8% during the 3rd quarter. AMF Tjanstepension AB now owns 1,533,207 shares of the semiconductor company’s stock worth $266,300,000 after purchasing an additional 70,057 shares during the period. Stanley Laman Group Ltd. acquired a new position in shares of Taiwan Semiconductor Manufacturing during the 3rd quarter worth $246,000. Segment Wealth Management LLC acquired a new position in shares of Taiwan Semiconductor Manufacturing during the 3rd quarter worth $243,000. International Assets Investment Management LLC grew its stake in shares of Taiwan Semiconductor Manufacturing by 23,351.0% during the 3rd quarter. International Assets Investment Management LLC now owns 1,027,624 shares of the semiconductor company’s stock worth $178,467,000 after purchasing an additional 1,023,242 shares during the period. Finally, YHB Investment Advisors Inc. grew its stake in shares of Taiwan Semiconductor Manufacturing by 5.1% during the 3rd quarter. YHB Investment Advisors Inc. now owns 37,671 shares of the semiconductor company’s stock worth $6,542,000 after purchasing an additional 1,819 shares during the period. 16.51% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have recently weighed in on TSM. StockNews.com cut shares of Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a research note on Tuesday, January 28th. Barclays upped their price target on shares of Taiwan Semiconductor Manufacturing from $240.00 to $255.00 and gave the stock an “overweight” rating in a research note on Friday, January 17th. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $225.00 price target on shares of Taiwan Semiconductor Manufacturing in a research note on Tuesday. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $220.00.

Taiwan Semiconductor Manufacturing Price Performance

Shares of NYSE TSM opened at $199.94 on Friday. The stock has a market cap of $1.04 trillion, a price-to-earnings ratio of 28.40, a PEG ratio of 0.66 and a beta of 1.06. Taiwan Semiconductor Manufacturing Company Limited has a 52 week low of $122.91 and a 52 week high of $226.40. The company’s 50-day moving average price is $205.85 and its 200 day moving average price is $190.22. 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 (NYSE:TSM) last released its earnings results on Thursday, January 16th. The semiconductor company reported $2.24 earnings per share (EPS) 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 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, July 10th. Stockholders of record on Thursday, June 12th will be issued a dividend of $0.6855 per share. This is a positive change from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.55. This represents a $2.74 annualized dividend and a dividend yield of 1.37%. The ex-dividend date is Thursday, June 12th. Taiwan Semiconductor Manufacturing’s dividend payout ratio is presently 27.27%.

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.