Raymond James Trust N.A. Increases Position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Raymond James Trust N.A. increased its stake in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 14.8% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 34,595 shares of the semiconductor company’s stock after buying an additional 4,470 shares during the quarter. Raymond James Trust N.A.’s holdings in Taiwan Semiconductor Manufacturing were worth $6,008,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Van ECK Associates Corp increased its holdings in shares of Taiwan Semiconductor Manufacturing by 0.7% in the third quarter. Van ECK Associates Corp now owns 18,289,993 shares of the semiconductor company’s stock valued at $3,176,423,000 after purchasing an additional 122,828 shares during the period. WCM Investment Management LLC grew its position in Taiwan Semiconductor Manufacturing by 14.1% in the 3rd quarter. WCM Investment Management LLC now owns 9,738,181 shares of the semiconductor company’s stock valued at $1,733,104,000 after buying an additional 1,206,359 shares during the last quarter. Price T Rowe Associates Inc. MD increased its stake in Taiwan Semiconductor Manufacturing by 3.9% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 7,873,873 shares of the semiconductor company’s stock valued at $1,071,242,000 after buying an additional 296,892 shares during the period. PineStone Asset Management Inc. boosted its holdings in shares of Taiwan Semiconductor Manufacturing by 116.3% in the second quarter. PineStone Asset Management Inc. now owns 7,784,316 shares of the semiconductor company’s stock valued at $1,352,992,000 after acquiring an additional 4,186,133 shares in the last quarter. Finally, American Century Companies Inc. increased its stake in shares of Taiwan Semiconductor Manufacturing by 2.9% during the second quarter. American Century Companies Inc. now owns 4,519,925 shares of the semiconductor company’s stock worth $785,608,000 after acquiring an additional 128,078 shares during the period. Institutional investors and hedge funds own 16.51% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. Needham & Company LLC reaffirmed a “buy” rating and issued a $210.00 price objective on shares of Taiwan Semiconductor Manufacturing in a report on Thursday, October 17th. Susquehanna restated a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a research note on Friday, October 18th. Barclays increased their price target on shares of Taiwan Semiconductor Manufacturing from $215.00 to $240.00 and gave the company an “overweight” rating in a report on Monday, November 18th. Finally, StockNews.com cut Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a report on Sunday, November 17th. 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 company has a consensus rating of “Moderate Buy” and a consensus price target of $214.00.

Taiwan Semiconductor Manufacturing Stock Performance

Shares of TSM opened at $190.02 on Friday. The company has a 50-day moving average of $187.92 and a two-hundred day moving average of $173.68. The stock has a market cap of $985.52 billion, a P/E ratio of 30.45, a PEG ratio of 0.88 and a beta of 1.12. Taiwan Semiconductor Manufacturing Company Limited has a 12-month low of $95.25 and a 12-month high of $212.60. The company has a current ratio of 2.57, a quick ratio of 2.30 and a debt-to-equity ratio of 0.24.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last issued its quarterly earnings data on Thursday, October 17th. The semiconductor company reported $1.94 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.74 by $0.20. The firm had revenue of $23.50 billion during the quarter, compared to the consensus estimate of $22.72 billion. Taiwan Semiconductor Manufacturing had a return on equity of 27.44% and a net margin of 39.10%. As a group, research analysts predict that Taiwan Semiconductor Manufacturing Company Limited will post 6.95 EPS for the current fiscal year.

Taiwan Semiconductor Manufacturing Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 10th. Investors of record on Tuesday, March 18th will be given a dividend of $0.5484 per share. The ex-dividend date of this dividend is Tuesday, March 18th. This represents a $2.19 dividend on an annualized basis and a yield of 1.15%. This is a positive change from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. Taiwan Semiconductor Manufacturing’s dividend payout ratio (DPR) is 31.57%.

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.