Factory Mutual Insurance Co. Buys 27,000 Shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Factory Mutual Insurance Co. grew its stake in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 18.4% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 173,420 shares of the semiconductor company’s stock after acquiring an additional 27,000 shares during the period. Factory Mutual Insurance Co.’s holdings in Taiwan Semiconductor Manufacturing were worth $34,249,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of TSM. Centaurus Financial Inc. increased its position in shares of Taiwan Semiconductor Manufacturing by 13.0% during the second quarter. Centaurus Financial Inc. now owns 12,859 shares of the semiconductor company’s stock valued at $2,235,000 after buying an additional 1,482 shares during the period. Park National Corp OH increased its position in shares of Taiwan Semiconductor Manufacturing by 3.0% during the third quarter. Park National Corp OH now owns 2,473 shares of the semiconductor company’s stock valued at $429,000 after buying an additional 71 shares during the period. AMF Tjanstepension AB increased its position in shares of Taiwan Semiconductor Manufacturing by 4.8% during the third quarter. AMF Tjanstepension AB now owns 1,533,207 shares of the semiconductor company’s stock valued at $266,300,000 after buying an additional 70,057 shares during the period. Capital Market Strategies LLC increased its position in shares of Taiwan Semiconductor Manufacturing by 4.5% during the third quarter. Capital Market Strategies LLC now owns 11,376 shares of the semiconductor company’s stock valued at $1,976,000 after buying an additional 492 shares during the period. Finally, Abacus Wealth Partners LLC increased its position in shares of Taiwan Semiconductor Manufacturing by 20.4% in the third quarter. Abacus Wealth Partners LLC now owns 3,144 shares of the semiconductor company’s stock worth $546,000 after purchasing an additional 532 shares during the last quarter. 16.51% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research analysts recently weighed in on TSM shares. Barclays upped 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. Susquehanna restated a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a research report on Friday, October 18th. Needham & Company LLC restated a “buy” rating and issued a $225.00 price objective on shares of Taiwan Semiconductor Manufacturing in a research report on Thursday, January 16th. Finally, StockNews.com cut shares of Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a research report on Tuesday. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $220.00.

Taiwan Semiconductor Manufacturing Stock Up 0.5 %

Shares of TSM opened at $209.28 on Friday. The firm has a market cap of $1.09 trillion, a P/E ratio of 29.73, a P/E/G ratio of 0.67 and a beta of 1.07. The stock has a 50 day simple moving average of $202.06 and a two-hundred day simple moving average of $186.16. 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 $112.61 and a 1 year high of $226.40.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last issued its earnings results on Thursday, January 16th. The semiconductor company reported $2.24 earnings per share (EPS) for the quarter, topping the consensus estimate 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, analysts forecast that Taiwan Semiconductor Manufacturing Company Limited will post 9.12 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, April 10th. Stockholders of record on Tuesday, March 18th will be paid a dividend of $0.5484 per share. This represents a $2.19 dividend on an annualized basis and a dividend yield of 1.05%. The ex-dividend date of this dividend is Tuesday, March 18th. This is a positive change from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. Taiwan Semiconductor Manufacturing’s dividend payout ratio is 27.27%.

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.