Telligent Fund LP Takes $2.96 Million Position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Telligent Fund LP purchased a new stake in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) during the 4th quarter, HoldingsChannel.com reports. The institutional investor purchased 15,000 shares of the semiconductor company’s stock, valued at approximately $2,962,000. Taiwan Semiconductor Manufacturing accounts for about 2.8% of Telligent Fund LP’s portfolio, making the stock its 15th largest holding.

Several other hedge funds also recently added to or reduced their stakes in the business. Reston Wealth Management LLC purchased a new stake in shares of Taiwan Semiconductor Manufacturing during the 3rd quarter worth about $25,000. Archer Investment Corp boosted its stake in shares of Taiwan Semiconductor Manufacturing by 48.1% during the 3rd quarter. Archer Investment Corp now owns 191 shares of the semiconductor company’s stock worth $33,000 after acquiring an additional 62 shares in the last quarter. Endeavor Private Wealth Inc. purchased a new stake in shares of Taiwan Semiconductor Manufacturing during the 4th quarter worth about $40,000. American Capital Advisory LLC purchased a new stake in shares of Taiwan Semiconductor Manufacturing during the 3rd quarter worth about $38,000. Finally, OLD Second National Bank of Aurora raised its position in shares of Taiwan Semiconductor Manufacturing by 169.8% during the 3rd quarter. OLD Second National Bank of Aurora now owns 232 shares of the semiconductor company’s stock worth $40,000 after purchasing an additional 146 shares during the last quarter. 16.51% of the stock is owned by hedge funds and other institutional investors.

Taiwan Semiconductor Manufacturing Stock Performance

NYSE:TSM opened at $210.40 on Friday. The company has a 50 day moving average price of $203.69 and a 200 day moving average price of $187.05. Taiwan Semiconductor Manufacturing Company Limited has a fifty-two week low of $120.00 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 stock has a market capitalization of $1.09 trillion, a P/E ratio of 29.89, a PEG ratio of 0.69 and a beta of 1.06.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last announced its earnings results on Thursday, January 16th. The semiconductor company reported $2.24 EPS for the quarter, beating 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%. Equities research analysts forecast that Taiwan Semiconductor Manufacturing Company Limited will post 9.12 EPS for the current year.

Taiwan Semiconductor Manufacturing Increases Dividend

The company also recently declared 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 1.04%. This is a positive change from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. The ex-dividend date of this dividend is Tuesday, March 18th. Taiwan Semiconductor Manufacturing’s payout ratio is 27.27%.

Analysts Set New Price Targets

Several research analysts recently weighed in on TSM shares. Barclays upped their price target 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 reiterated a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a report on Friday, October 18th. Needham & Company LLC restated a “buy” rating and set a $225.00 price target on shares of Taiwan Semiconductor Manufacturing in a report on Thursday, January 16th. Finally, StockNews.com downgraded shares of Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a report on Tuesday, January 28th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, Taiwan Semiconductor Manufacturing currently has an average rating of “Moderate Buy” and an average target price 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.