Edgemoor Investment Advisors Inc. Has $12.97 Million Holdings in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Edgemoor Investment Advisors Inc. boosted its position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 2.0% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 65,685 shares of the semiconductor company’s stock after purchasing an additional 1,277 shares during the quarter. Taiwan Semiconductor Manufacturing comprises about 1.1% of Edgemoor Investment Advisors Inc.’s portfolio, making the stock its 22nd biggest holding. Edgemoor Investment Advisors Inc.’s holdings in Taiwan Semiconductor Manufacturing were worth $12,972,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in TSM. Terra Alpha Investments LLC bought a new stake in shares of Taiwan Semiconductor Manufacturing in the 4th quarter valued at about $6,120,000. Cozad Asset Management Inc. raised its stake in Taiwan Semiconductor Manufacturing by 141.7% during the 4th quarter. Cozad Asset Management Inc. now owns 23,890 shares of the semiconductor company’s stock worth $4,718,000 after buying an additional 14,005 shares during the period. TCTC Holdings LLC raised its stake in Taiwan Semiconductor Manufacturing by 4.8% during the 4th quarter. TCTC Holdings LLC now owns 1,974 shares of the semiconductor company’s stock worth $390,000 after buying an additional 91 shares during the period. Parallel Advisors LLC raised its stake in shares of Taiwan Semiconductor Manufacturing by 1.4% in the fourth quarter. Parallel Advisors LLC now owns 36,476 shares of the semiconductor company’s stock worth $7,204,000 after purchasing an additional 519 shares during the last quarter. Finally, Jensen Investment Management Inc. raised its stake in shares of Taiwan Semiconductor Manufacturing by 0.8% in the fourth quarter. Jensen Investment Management Inc. now owns 20,538 shares of the semiconductor company’s stock worth $4,056,000 after purchasing an additional 170 shares during the last quarter. 16.51% of the stock is owned by institutional investors and hedge funds.

Taiwan Semiconductor Manufacturing Price Performance

Shares of TSM opened at $174.16 on Monday. The firm has a market capitalization of $903.29 billion, a PE ratio of 24.74, a price-to-earnings-growth ratio of 0.66 and a beta of 1.13. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.57 and a quick ratio of 2.30. Taiwan Semiconductor Manufacturing Company Limited has a 1-year low of $125.78 and a 1-year high of $226.40. The company’s fifty day moving average price is $199.22 and its 200-day moving average price is $192.02.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last released its earnings results on Thursday, January 16th. The semiconductor company reported $2.24 EPS for the quarter, topping 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%. On average, equities research analysts predict that Taiwan Semiconductor Manufacturing Company Limited will post 9.2 EPS for the current year.

Taiwan Semiconductor Manufacturing Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 10th. Investors of record on Thursday, June 12th will be given a $0.6855 dividend. This represents a $2.74 dividend on an annualized basis and a dividend yield of 1.57%. This is an increase from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.55. The ex-dividend date of this dividend is Thursday, June 12th. Taiwan Semiconductor Manufacturing’s dividend payout ratio (DPR) is 30.68%.

Wall Street Analyst Weigh In

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

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.