Waverton Investment Management Ltd Has $172.68 Million Stake in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Waverton Investment Management Ltd lifted its holdings in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 10.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 873,964 shares of the semiconductor company’s stock after buying an additional 84,415 shares during the period. Taiwan Semiconductor Manufacturing comprises 2.8% of Waverton Investment Management Ltd’s holdings, making the stock its 19th largest position. Waverton Investment Management Ltd’s holdings in Taiwan Semiconductor Manufacturing were worth $172,682,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the stock. AMF Tjanstepension AB increased its position 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 last quarter. Dakota Wealth Management raised its position in Taiwan Semiconductor Manufacturing by 12.6% during the third quarter. Dakota Wealth Management now owns 8,703 shares of the semiconductor company’s stock worth $1,511,000 after acquiring an additional 972 shares in the last quarter. Parcion Private Wealth LLC acquired a new stake in Taiwan Semiconductor Manufacturing in the third quarter valued at $218,000. Arkadios Wealth Advisors increased its stake in shares of Taiwan Semiconductor Manufacturing by 3.5% during the 3rd quarter. Arkadios Wealth Advisors now owns 10,131 shares of the semiconductor company’s stock worth $1,760,000 after purchasing an additional 342 shares during the last quarter. Finally, PFG Investments LLC raised its holdings in shares of Taiwan Semiconductor Manufacturing by 5.1% in the 3rd quarter. PFG Investments LLC now owns 12,599 shares of the semiconductor company’s stock valued at $2,188,000 after purchasing an additional 613 shares during the period. Institutional investors own 16.51% of the company’s stock.

Taiwan Semiconductor Manufacturing Stock Down 0.8 %

Taiwan Semiconductor Manufacturing stock opened at $198.40 on Monday. Taiwan Semiconductor Manufacturing Company Limited has a twelve month low of $125.78 and a twelve month high of $226.40. The stock has a market cap of $1.03 trillion, a P/E ratio of 28.18, a P/E/G ratio of 0.66 and a beta of 1.06. The company’s 50-day moving average price is $205.80 and its two-hundred day moving average price is $191.07. The company has a quick ratio of 2.30, a current ratio of 2.57 and a debt-to-equity ratio of 0.24.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last released its quarterly earnings results on Thursday, January 16th. The semiconductor company reported $2.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.16 by $0.08. Taiwan Semiconductor Manufacturing had a return on equity of 30.47% and a net margin of 40.51%. As a group, analysts expect that Taiwan Semiconductor Manufacturing Company Limited will post 9.2 EPS for the current year.

Taiwan Semiconductor Manufacturing Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 10th. Investors of record on Thursday, June 12th will be paid a $0.6855 dividend. 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. This represents a $2.74 annualized dividend and a dividend yield of 1.38%. Taiwan Semiconductor Manufacturing’s dividend payout ratio is 31.11%.

Analysts Set New Price Targets

TSM has been the subject of a number of research analyst reports. Barclays lifted their price target on Taiwan Semiconductor Manufacturing from $240.00 to $255.00 and gave the stock an “overweight” rating in a report on Friday, January 17th. StockNews.com downgraded Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a research note on Tuesday, January 28th. Finally, Needham & Company LLC restated a “buy” rating and issued a $225.00 price target on shares of Taiwan Semiconductor Manufacturing in a research note on Tuesday, February 18th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $220.00.

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.