IPG Investment Advisors LLC Boosts Stock Holdings in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

IPG Investment Advisors LLC increased its position in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 42.3% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,786 shares of the semiconductor company’s stock after buying an additional 531 shares during the period. IPG Investment Advisors LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $354,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Cynosure Group LLC purchased a new position in shares of Taiwan Semiconductor Manufacturing during the 3rd quarter valued at approximately $241,000. Blueshift Asset Management LLC acquired a new position in Taiwan Semiconductor Manufacturing during the third quarter worth about $206,000. CreativeOne Wealth LLC grew its position in shares of Taiwan Semiconductor Manufacturing by 29.0% in the third quarter. CreativeOne Wealth LLC now owns 5,323 shares of the semiconductor company’s stock valued at $925,000 after purchasing an additional 1,198 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Taiwan Semiconductor Manufacturing by 211.4% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 46,005 shares of the semiconductor company’s stock valued at $7,990,000 after buying an additional 31,231 shares in the last quarter. Finally, Fiduciary Trust Co grew its holdings in shares of Taiwan Semiconductor Manufacturing by 63.9% in the third quarter. Fiduciary Trust Co now owns 4,157 shares of the semiconductor company’s stock valued at $722,000 after purchasing an additional 1,621 shares during the period. Hedge funds and other institutional investors own 16.51% of the company’s stock.

Taiwan Semiconductor Manufacturing Stock Performance

NYSE:TSM opened at $165.82 on Friday. Taiwan Semiconductor Manufacturing Company Limited has a fifty-two week low of $125.78 and a fifty-two week 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 50 day moving average price of $192.35 and a 200 day moving average price of $192.55. The stock has a market capitalization of $860.00 billion, a P/E ratio of 23.55, a PEG ratio of 0.66 and a beta of 1.13.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last issued 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%. Equities research analysts forecast 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. Shareholders of record on Thursday, June 12th will be paid a dividend of $0.6855 per share. The ex-dividend date is Thursday, June 12th. This is a positive change from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.55. This represents a $2.74 dividend on an annualized basis and a yield of 1.65%. Taiwan Semiconductor Manufacturing’s dividend payout ratio is 30.68%.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on TSM shares. StockNews.com downgraded shares of Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a research note 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 assigned a buy rating to the stock. According to MarketBeat.com, Taiwan Semiconductor Manufacturing currently has an average rating of “Moderate Buy” and an average 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.