Wrapmanager Inc. Takes Position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Wrapmanager Inc. acquired a new stake in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) in the 4th quarter, Holdings Channel.com reports. The institutional investor acquired 1,182 shares of the semiconductor company’s stock, valued at approximately $233,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Reston Wealth Management LLC bought a new stake in shares of Taiwan Semiconductor Manufacturing during the 3rd quarter worth approximately $25,000. Stonebridge Financial Group LLC bought a new stake in shares of Taiwan Semiconductor Manufacturing during the 4th quarter worth approximately $25,000. Roxbury Financial LLC bought a new stake in shares of Taiwan Semiconductor Manufacturing during the 4th quarter worth approximately $29,000. Archer Investment Corp lifted its stake in shares of Taiwan Semiconductor Manufacturing by 48.1% during the 3rd quarter. Archer Investment Corp now owns 191 shares of the semiconductor company’s stock worth $33,000 after acquiring an additional 62 shares during the last quarter. Finally, American Capital Advisory LLC bought a new stake in shares of Taiwan Semiconductor Manufacturing during the 3rd quarter worth approximately $38,000. 16.51% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

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

Taiwan Semiconductor Manufacturing Trading Down 1.2 %

TSM opened at $189.36 on Wednesday. The stock’s fifty day moving average is $205.36 and its two-hundred day moving average is $191.41. The company has a market capitalization of $982.12 billion, a P/E ratio of 26.90, a PEG ratio of 0.66 and a beta of 1.06. Taiwan Semiconductor Manufacturing Company Limited has a 52 week low of $125.78 and a 52 week high of $226.40. 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 announced its quarterly 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 return on equity of 30.47% and a net margin of 40.51%. Analysts forecast that Taiwan Semiconductor Manufacturing Company Limited will post 9.2 earnings per share for the current year.

Taiwan Semiconductor Manufacturing Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 10th. Stockholders of record on Thursday, June 12th will be issued a $0.6855 dividend. The ex-dividend date is Thursday, June 12th. This is an increase from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.55. This represents a $2.74 dividend on an annualized basis and a dividend yield of 1.45%. Taiwan Semiconductor Manufacturing’s dividend payout ratio (DPR) is currently 31.11%.

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.