Elo Mutual Pension Insurance Co Buys 16,610 Shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Elo Mutual Pension Insurance Co grew its stake in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 47.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 51,811 shares of the semiconductor company’s stock after acquiring an additional 16,610 shares during the period. Elo Mutual Pension Insurance Co’s holdings in Taiwan Semiconductor Manufacturing were worth $10,232,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Aviso Wealth Management bought a new position in shares of Taiwan Semiconductor Manufacturing during the 4th quarter worth $1,002,000. Heritage Wealth Advisors grew its holdings in Taiwan Semiconductor Manufacturing by 20.0% during the 4th quarter. Heritage Wealth Advisors now owns 300 shares of the semiconductor company’s stock worth $59,000 after acquiring an additional 50 shares in the last quarter. Graney & King LLC bought a new stake in shares of Taiwan Semiconductor Manufacturing in the 4th quarter valued at about $40,000. Financial Engines Advisors L.L.C. purchased a new stake in shares of Taiwan Semiconductor Manufacturing in the 4th quarter worth approximately $218,000. Finally, Trust Investment Advisors boosted its position in Taiwan Semiconductor Manufacturing by 8.2% during the 4th quarter. Trust Investment Advisors now owns 21,018 shares of the semiconductor company’s stock valued at $4,151,000 after acquiring an additional 1,591 shares in the last quarter. 16.51% of the stock is owned by hedge funds and other institutional investors.

Taiwan Semiconductor Manufacturing Stock Down 4.1 %

TSM stock opened at $173.57 on Thursday. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.57 and a quick ratio of 2.30. The firm’s fifty day simple moving average is $194.19 and its 200-day simple moving average is $192.49. Taiwan Semiconductor Manufacturing Company Limited has a 12 month low of $125.78 and a 12 month high of $226.40. The company has a market capitalization of $900.22 billion, a P/E ratio of 24.66, a price-to-earnings-growth ratio of 0.66 and a beta of 1.13.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last released its quarterly earnings data on Thursday, January 16th. The semiconductor company reported $2.24 earnings per share 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%. As a group, equities research 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 company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 10th. Stockholders of record on Thursday, June 12th will be paid a dividend of $0.6855 per share. This is a boost from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.55. The ex-dividend date of this dividend is Thursday, June 12th. This represents a $2.74 dividend on an annualized basis and a dividend yield of 1.58%. Taiwan Semiconductor Manufacturing’s dividend payout ratio (DPR) is presently 30.68%.

Analyst Ratings Changes

A number of brokerages have recently issued reports on TSM. Barclays lifted their price objective on shares of 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 reaffirmed a “buy” rating and set a $225.00 price target on shares of Taiwan Semiconductor Manufacturing in a research report on Tuesday, February 18th. Finally, StockNews.com cut Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a research report on Tuesday, January 28th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, Taiwan Semiconductor Manufacturing currently has a consensus rating of “Moderate Buy” and an average 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.