Bahl & Gaynor Inc. Increases Position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Bahl & Gaynor Inc. increased its stake in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 1,658.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 165,785 shares of the semiconductor company’s stock after buying an additional 156,355 shares during the period. Bahl & Gaynor Inc.’s holdings in Taiwan Semiconductor Manufacturing were worth $32,741,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Bedel Financial Consulting Inc. increased its position in shares of Taiwan Semiconductor Manufacturing by 10.3% in the fourth quarter. Bedel Financial Consulting Inc. now owns 2,009 shares of the semiconductor company’s stock valued at $419,000 after buying an additional 188 shares in the last quarter. Gryphon Financial Partners LLC increased its holdings in Taiwan Semiconductor Manufacturing by 2.2% during the 4th quarter. Gryphon Financial Partners LLC now owns 4,599 shares of the semiconductor company’s stock valued at $908,000 after acquiring an additional 101 shares in the last quarter. Detalus Advisors LLC acquired a new position in Taiwan Semiconductor Manufacturing during the fourth quarter worth about $286,000. Sage Rhino Capital LLC raised its position in Taiwan Semiconductor Manufacturing by 2.3% during the fourth quarter. Sage Rhino Capital LLC now owns 3,939 shares of the semiconductor company’s stock worth $778,000 after acquiring an additional 87 shares during the last quarter. Finally, Keystone Wealth Services LLC purchased a new stake in shares of Taiwan Semiconductor Manufacturing in the fourth quarter valued at about $225,000. 16.51% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages recently issued reports on TSM. Barclays lifted their price objective 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. Needham & Company LLC reissued a “buy” rating and issued a $225.00 price target on shares of Taiwan Semiconductor Manufacturing in a report on Tuesday, February 18th. Finally, StockNews.com lowered shares of Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a report on Tuesday, January 28th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $220.00.

Taiwan Semiconductor Manufacturing Stock Performance

Shares of NYSE:TSM opened at $173.00 on Tuesday. The business’s 50-day simple moving average is $204.06 and its 200 day simple moving average is $191.73. Taiwan Semiconductor Manufacturing Company Limited has a one year low of $125.78 and a one year high of $226.40. 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 company has a market cap of $897.25 billion, a P/E ratio of 24.57, a PEG ratio of 0.66 and a beta of 1.06.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last issued its quarterly earnings results on Thursday, January 16th. The semiconductor company reported $2.24 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%. On average, sell-side 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. Shareholders 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 yield of 1.58%. The ex-dividend date is Thursday, June 12th. Taiwan Semiconductor Manufacturing’s dividend payout ratio (DPR) is currently 31.11%.

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.