CoreFirst Bank & Trust Takes Position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

CoreFirst Bank & Trust bought a new position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 200 shares of the semiconductor company’s stock, valued at approximately $39,000.

Several other hedge funds also recently added to or reduced their stakes in TSM. Interchange Capital Partners LLC boosted its position in shares of Taiwan Semiconductor Manufacturing by 109.3% during the fourth quarter. Interchange Capital Partners LLC now owns 5,537 shares of the semiconductor company’s stock valued at $1,144,000 after buying an additional 2,891 shares during the period. Congress Wealth Management LLC DE lifted its stake in shares of Taiwan Semiconductor Manufacturing by 4.5% during the 4th quarter. Congress Wealth Management LLC DE now owns 24,123 shares of the semiconductor company’s stock worth $4,764,000 after acquiring an additional 1,039 shares during the last quarter. Paces Ferry Wealth Advisors LLC purchased a new position in Taiwan Semiconductor Manufacturing during the 4th quarter valued at $257,000. Mosley Wealth Management grew its position in Taiwan Semiconductor Manufacturing by 9.8% in the 4th quarter. Mosley Wealth Management now owns 1,511 shares of the semiconductor company’s stock valued at $306,000 after acquiring an additional 135 shares during the last quarter. Finally, Optimum Investment Advisors increased its stake in Taiwan Semiconductor Manufacturing by 10.4% in the fourth quarter. Optimum Investment Advisors now owns 2,650 shares of the semiconductor company’s stock worth $523,000 after purchasing an additional 250 shares during the period. 16.51% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research firms have recently commented on TSM. StockNews.com cut shares of Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a report on Tuesday, January 28th. Barclays upped their target price on shares of Taiwan Semiconductor Manufacturing from $240.00 to $255.00 and gave the stock an “overweight” rating in a research note on Friday, January 17th. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $225.00 price target on shares of Taiwan Semiconductor Manufacturing in a research note on Tuesday, February 18th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $220.00.

Taiwan Semiconductor Manufacturing Stock Down 0.1 %

Shares of Taiwan Semiconductor Manufacturing stock opened at $180.92 on Wednesday. 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 stock has a market cap of $938.33 billion, a price-to-earnings ratio of 25.70, a PEG ratio of 0.66 and a beta of 1.13. The firm’s 50-day moving average is $194.86 and its two-hundred day moving average is $192.62. Taiwan Semiconductor Manufacturing Company Limited has a 1 year low of $125.78 and a 1 year high of $226.40.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last released its quarterly earnings data on Thursday, January 16th. The semiconductor company reported $2.24 earnings per share (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%. As a group, research analysts expect that Taiwan Semiconductor Manufacturing Company Limited will post 9.2 earnings per share for the current fiscal year.

Taiwan Semiconductor Manufacturing Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 10th. Stockholders of record on Thursday, June 12th will be given a $0.6855 dividend. This represents a $2.74 annualized dividend and a dividend yield of 1.52%. This is a positive change from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.55. The ex-dividend date is Thursday, June 12th. Taiwan Semiconductor Manufacturing’s payout ratio is presently 30.68%.

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.