Mutual Advisors LLC Has $677,000 Stock Position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Mutual Advisors LLC boosted its stake in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 10.1% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 6,509 shares of the semiconductor company’s stock after acquiring an additional 595 shares during the quarter. Mutual Advisors LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $677,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in TSM. Morgan Stanley lifted its holdings in Taiwan Semiconductor Manufacturing by 27.7% during the 4th quarter. Morgan Stanley now owns 32,513,567 shares of the semiconductor company’s stock worth $2,421,936,000 after buying an additional 7,045,899 shares in the last quarter. Moneta Group Investment Advisors LLC lifted its stake in shares of Taiwan Semiconductor Manufacturing by 108,945.8% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 5,471,916 shares of the semiconductor company’s stock valued at $407,603,000 after acquiring an additional 5,466,898 shares during the period. PineStone Asset Management Inc. boosted its holdings in Taiwan Semiconductor Manufacturing by 330.5% in the third quarter. PineStone Asset Management Inc. now owns 4,802,924 shares of the semiconductor company’s stock valued at $417,374,000 after acquiring an additional 3,687,249 shares during the last quarter. Van ECK Associates Corp increased its position in Taiwan Semiconductor Manufacturing by 29.6% in the third quarter. Van ECK Associates Corp now owns 14,795,582 shares of the semiconductor company’s stock worth $1,285,736,000 after purchasing an additional 3,381,514 shares during the period. Finally, Third Point LLC bought a new stake in Taiwan Semiconductor Manufacturing during the 2nd quarter worth about $247,254,000. Institutional investors and hedge funds own 16.51% of the company’s stock.

Taiwan Semiconductor Manufacturing Stock Performance

TSM stock opened at $136.67 on Thursday. Taiwan Semiconductor Manufacturing Company Limited has a 1-year low of $81.21 and a 1-year high of $158.40. The company has a current ratio of 2.40, a quick ratio of 2.13 and a debt-to-equity ratio of 0.26. The firm has a market cap of $708.83 billion, a PE ratio of 26.39, a P/E/G ratio of 1.07 and a beta of 1.15. The business’s 50-day moving average price is $128.42 and its two-hundred day moving average price is $106.78.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last posted its earnings results on Thursday, January 18th. The semiconductor company reported $1.44 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.37 by $0.07. Taiwan Semiconductor Manufacturing had a return on equity of 25.24% and a net margin of 38.80%. The business had revenue of $19.62 billion during the quarter, compared to analysts’ expectations of $18.99 billion. As a group, research analysts forecast that Taiwan Semiconductor Manufacturing Company Limited will post 6.19 earnings per share for the current year.

Taiwan Semiconductor Manufacturing Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 11th. Investors of record on Thursday, June 13th will be issued a dividend of $0.4408 per share. The ex-dividend date of this dividend is Thursday, June 13th. This represents a $1.76 dividend on an annualized basis and a dividend yield of 1.29%. Taiwan Semiconductor Manufacturing’s payout ratio is presently 33.78%.

Analysts Set New Price Targets

TSM has been the subject of several analyst reports. Barclays lifted their price target on shares of Taiwan Semiconductor Manufacturing from $110.00 to $125.00 and gave the stock an “overweight” rating in a research report on Friday, January 19th. TD Cowen upped their target price on shares of Taiwan Semiconductor Manufacturing from $85.00 to $95.00 and gave the company a “market perform” rating in a research report on Friday, January 12th. StockNews.com upgraded Taiwan Semiconductor Manufacturing from a “hold” rating to a “buy” rating in a research report on Friday, December 8th. Needham & Company LLC upped their price objective on Taiwan Semiconductor Manufacturing from $115.00 to $133.00 and gave the company a “buy” rating in a report on Friday, January 19th. Finally, Susquehanna raised their target price on Taiwan Semiconductor Manufacturing from $130.00 to $160.00 and gave the stock a “positive” rating in a report on Tuesday, February 13th. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $128.25.

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 complementary metal oxide silicon wafer fabrication processes to manufacture logic, mixed-signal, radio frequency, and embedded memory semiconductors.