FNY Investment Advisers LLC Buys 10,637 Shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

FNY Investment Advisers LLC raised its stake in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 194.2% in the fourth quarter, HoldingsChannel.com reports. The fund owned 16,115 shares of the semiconductor company’s stock after purchasing an additional 10,637 shares during the quarter. Taiwan Semiconductor Manufacturing comprises approximately 1.7% of FNY Investment Advisers LLC’s portfolio, making the stock its 9th biggest position. FNY Investment Advisers LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $3,182,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in TSM. Private Client Services LLC purchased a new position in Taiwan Semiconductor Manufacturing in the 4th quarter valued at about $201,000. Trust Co of the South lifted its stake in shares of Taiwan Semiconductor Manufacturing by 232.8% during the fourth quarter. Trust Co of the South now owns 8,869 shares of the semiconductor company’s stock valued at $1,752,000 after buying an additional 6,204 shares during the period. NRI Wealth Management LC acquired a new stake in Taiwan Semiconductor Manufacturing during the fourth quarter worth approximately $1,545,000. HF Advisory Group LLC grew its stake in Taiwan Semiconductor Manufacturing by 55.5% in the 3rd quarter. HF Advisory Group LLC now owns 13,755 shares of the semiconductor company’s stock worth $2,389,000 after acquiring an additional 4,907 shares during the period. Finally, Impax Asset Management Group plc raised its holdings in Taiwan Semiconductor Manufacturing by 33.7% in the 3rd quarter. Impax Asset Management Group plc now owns 26,418 shares of the semiconductor company’s stock valued at $4,588,000 after acquiring an additional 6,664 shares during the last quarter. 16.51% of the stock is currently owned by hedge funds and other institutional investors.

Taiwan Semiconductor Manufacturing Price Performance

TSM stock opened at $201.55 on Tuesday. The stock has a 50-day moving average price of $197.14 and a two-hundred day moving average price of $183.60. The company has a market cap of $1.05 trillion, a PE ratio of 32.30, a price-to-earnings-growth ratio of 0.93 and a beta of 1.07. The company has a current ratio of 2.57, a quick ratio of 2.30 and a debt-to-equity ratio of 0.24. Taiwan Semiconductor Manufacturing Company Limited has a 12-month low of $100.00 and a 12-month high of $222.20.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last posted its earnings results on Thursday, October 17th. The semiconductor company reported $1.94 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.74 by $0.20. The firm had revenue of $23.50 billion during the quarter, compared to the consensus estimate of $22.72 billion. Taiwan Semiconductor Manufacturing had a net margin of 39.10% and a return on equity of 27.44%. As a group, research analysts predict that Taiwan Semiconductor Manufacturing Company Limited will post 6.95 EPS for the current year.

Taiwan Semiconductor Manufacturing Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 10th. Investors of record on Tuesday, March 18th will be given a dividend of $0.5484 per share. This represents a $2.19 dividend on an annualized basis and a yield of 1.09%. This is a boost from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. The ex-dividend date is Tuesday, March 18th. Taiwan Semiconductor Manufacturing’s dividend payout ratio is 35.10%.

Analysts Set New Price Targets

TSM has been the topic of several analyst reports. StockNews.com cut Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a report on Sunday, November 17th. Needham & Company LLC reissued a “buy” rating and issued a $210.00 price target on shares of Taiwan Semiconductor Manufacturing in a research note on Thursday, October 17th. Barclays upped their price objective on shares of Taiwan Semiconductor Manufacturing from $215.00 to $240.00 and gave the company an “overweight” rating in a research note on Monday, November 18th. Finally, Susquehanna reissued a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a research report on Friday, October 18th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, Taiwan Semiconductor Manufacturing currently has an average rating of “Moderate Buy” and a consensus target price of $214.00.

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.