Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) Shares Purchased by Bennett Selby Investments LP

Bennett Selby Investments LP lifted its position in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 5.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,412 shares of the semiconductor company’s stock after buying an additional 72 shares during the period. Bennett Selby Investments LP’s holdings in Taiwan Semiconductor Manufacturing were worth $279,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. ProShare Advisors LLC lifted its holdings in shares of Taiwan Semiconductor Manufacturing by 25.2% during the 2nd quarter. ProShare Advisors LLC now owns 1,935 shares of the semiconductor company’s stock valued at $336,000 after acquiring an additional 390 shares in the last quarter. Xponance Inc. grew its position in Taiwan Semiconductor Manufacturing by 12.3% in the second quarter. Xponance Inc. now owns 5,209 shares of the semiconductor company’s stock valued at $905,000 after acquiring an additional 572 shares in the last quarter. Ameriprise Financial Inc. lifted its position in shares of Taiwan Semiconductor Manufacturing by 3.6% during the second quarter. Ameriprise Financial Inc. now owns 3,647,985 shares of the semiconductor company’s stock worth $634,838,000 after purchasing an additional 125,204 shares in the last quarter. Employees Retirement System of Texas purchased a new position in shares of Taiwan Semiconductor Manufacturing in the second quarter valued at $2,706,000. Finally, Daymark Wealth Partners LLC grew its holdings in Taiwan Semiconductor Manufacturing by 29.0% during the 2nd quarter. Daymark Wealth Partners LLC now owns 6,503 shares of the semiconductor company’s stock valued at $1,130,000 after purchasing an additional 1,460 shares in the last quarter. 16.51% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on TSM. Barclays raised their price objective on Taiwan Semiconductor Manufacturing from $240.00 to $255.00 and gave the company an “overweight” rating in a research note on Friday, January 17th. Needham & Company LLC reaffirmed a “buy” rating and issued a $225.00 price target on shares of Taiwan Semiconductor Manufacturing in a report on Thursday, January 16th. StockNews.com raised shares of Taiwan Semiconductor Manufacturing from a “hold” rating to a “buy” rating in a research report on Monday, January 20th. Finally, Susquehanna reiterated a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a research note on Friday, October 18th. One analyst has rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, Taiwan Semiconductor Manufacturing currently has a consensus rating of “Moderate Buy” and a consensus target price of $220.00.

Taiwan Semiconductor Manufacturing Stock Down 1.3 %

Taiwan Semiconductor Manufacturing stock opened at $221.73 on Friday. The firm has a market capitalization of $1.15 trillion, a P/E ratio of 31.50, a P/E/G ratio of 0.74 and a beta of 1.07. The company has a 50-day simple moving average of $200.35 and a 200-day simple moving average of $185.51. Taiwan Semiconductor Manufacturing Company Limited has a one year low of $112.61 and a one year 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.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last posted its earnings results on Thursday, January 16th. The semiconductor company reported $2.24 EPS for the quarter, beating 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%. As a group, equities analysts expect that Taiwan Semiconductor Manufacturing Company Limited will post 9.12 earnings per share for the current 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 issued a $0.5484 dividend. The ex-dividend date is Tuesday, March 18th. This is a boost from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. This represents a $2.19 annualized dividend and a dividend yield of 0.99%. Taiwan Semiconductor Manufacturing’s dividend payout ratio (DPR) is 27.27%.

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.