Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) Stock Holdings Raised by Wesbanco Bank Inc.

Wesbanco Bank Inc. raised its stake in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 105.1% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 15,860 shares of the semiconductor company’s stock after purchasing an additional 8,128 shares during the period. Wesbanco Bank Inc.’s holdings in Taiwan Semiconductor Manufacturing were worth $3,132,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Reston Wealth Management LLC bought a new stake in shares of Taiwan Semiconductor Manufacturing in the 3rd quarter worth about $25,000. Sugarloaf Wealth Management LLC grew its position in shares of Taiwan Semiconductor Manufacturing by 77.1% during the 3rd quarter. Sugarloaf Wealth Management LLC now owns 186 shares of the semiconductor company’s stock valued at $32,000 after buying an additional 81 shares during the last quarter. Archer Investment Corp grew its position 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 valued at $33,000 after buying an additional 62 shares during the last quarter. Abich Financial Wealth Management LLC grew its position in shares of Taiwan Semiconductor Manufacturing by 108.0% during the 2nd quarter. Abich Financial Wealth Management LLC now owns 208 shares of the semiconductor company’s stock valued at $36,000 after buying an additional 108 shares during the last quarter. Finally, American Capital Advisory LLC bought a new stake in shares of Taiwan Semiconductor Manufacturing during the 3rd quarter valued at about $38,000. Institutional investors own 16.51% of the company’s stock.

Analysts Set New Price Targets

TSM has been the subject of a number of recent research reports. Susquehanna reaffirmed a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a research report on Friday, October 18th. 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 note on Friday, January 17th. StockNews.com raised shares of Taiwan Semiconductor Manufacturing from a “hold” rating to a “buy” rating in a research note on Monday. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $225.00 price target on shares of Taiwan Semiconductor Manufacturing in a research note on Thursday, January 16th. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Taiwan Semiconductor Manufacturing currently has an average rating of “Moderate Buy” and a consensus target price of $220.00.

Taiwan Semiconductor Manufacturing Stock Up 0.5 %

TSM stock opened at $224.36 on Friday. Taiwan Semiconductor Manufacturing Company Limited has a 12 month low of $112.61 and a 12 month high of $225.43. The firm has a market cap of $1.16 trillion, a PE ratio of 31.87, a P/E/G ratio of 0.74 and a beta of 1.07. The firm has a 50 day simple moving average of $199.64 and a 200 day simple moving average of $185.24. 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 (NYSE:TSM) last released its quarterly earnings results 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%. Equities research 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. Shareholders of record on Tuesday, March 18th will be paid a $0.5484 dividend. This represents a $2.19 annualized dividend and a yield of 0.98%. The ex-dividend date 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 currently 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.