Seaview Investment Managers LLC Purchases New Stake in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Seaview Investment Managers LLC bought a new stake in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 55,454 shares of the semiconductor company's stock, valued at approximately $10,952,000. Taiwan Semiconductor Manufacturing comprises 3.0% of Seaview Investment Managers LLC's portfolio, making the stock its 11th largest position.

Other institutional investors have also recently bought and sold shares of the company. Morse Asset Management Inc raised its position in Taiwan Semiconductor Manufacturing by 120.7% in the third quarter. Morse Asset Management Inc now owns 17,703 shares of the semiconductor company's stock valued at $3,074,000 after purchasing an additional 9,683 shares during the last quarter. M&T Bank Corp raised its holdings in Taiwan Semiconductor Manufacturing by 12.4% in the 3rd quarter. M&T Bank Corp now owns 241,714 shares of the semiconductor company's stock valued at $41,979,000 after buying an additional 26,715 shares during the last quarter. Advisory Resource Group raised its holdings in Taiwan Semiconductor Manufacturing by 1.4% in the 3rd quarter. Advisory Resource Group now owns 7,984 shares of the semiconductor company's stock valued at $1,387,000 after buying an additional 107 shares during the last quarter. Virtu Financial LLC boosted its position in Taiwan Semiconductor Manufacturing by 242.1% during the 3rd quarter. Virtu Financial LLC now owns 28,669 shares of the semiconductor company's stock worth $4,979,000 after buying an additional 20,289 shares during the period. Finally, Chelsea Counsel Co. grew its holdings in Taiwan Semiconductor Manufacturing by 25.0% during the 3rd quarter. Chelsea Counsel Co. now owns 500 shares of the semiconductor company's stock worth $87,000 after acquiring an additional 100 shares during the last quarter. Institutional investors and hedge funds own 16.51% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on TSM shares. StockNews.com downgraded shares of Taiwan Semiconductor Manufacturing from a "buy" rating to a "hold" rating in a research note on Tuesday, January 28th. Needham & Company LLC reaffirmed a "buy" rating and set a $225.00 target price on shares of Taiwan Semiconductor Manufacturing in a report on Thursday, April 17th. Barclays reduced their price target on Taiwan Semiconductor Manufacturing from $255.00 to $215.00 and set an "overweight" rating on the stock in a research report on Monday. Finally, Susquehanna lowered their price objective on Taiwan Semiconductor Manufacturing from $265.00 to $250.00 and set a "positive" rating for the company in a research report on Thursday, April 17th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, Taiwan Semiconductor Manufacturing presently has a consensus rating of "Moderate Buy" and a consensus price target of $212.00.

Taiwan Semiconductor Manufacturing Trading Up 3.8 %

Taiwan Semiconductor Manufacturing stock traded up $5.99 during trading hours on Thursday, reaching $163.80. 10,339,440 shares of the company's stock were exchanged, compared to its average volume of 18,366,236. The firm has a market capitalization of $849.51 billion, a PE ratio of 23.26, a PEG ratio of 0.66 and a beta of 1.16. The company has a quick ratio of 2.30, a current ratio of 2.57 and a debt-to-equity ratio of 0.24. The firm's 50 day simple moving average is $170.63 and its 200 day simple moving average is $189.44. Taiwan Semiconductor Manufacturing Company Limited has a twelve month low of $128.86 and a twelve month high of $226.40.

Taiwan Semiconductor Manufacturing (NYSE:TSM - Get Free Report) last issued its earnings results on Thursday, April 17th. The semiconductor company reported $2.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.03 by $0.09. Taiwan Semiconductor Manufacturing had a net margin of 40.51% and a return on equity of 30.47%. The business had revenue of $25.82 billion for the quarter, compared to analyst estimates of $834.10 billion. Research analysts predict that Taiwan Semiconductor Manufacturing Company Limited will post 9.2 earnings per share for the current year.

Taiwan Semiconductor Manufacturing Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 10th. Stockholders of record on Thursday, June 12th will be paid a $0.6855 dividend. The ex-dividend date is Thursday, June 12th. This is an increase from Taiwan Semiconductor Manufacturing's previous quarterly dividend of $0.55. This represents a $2.74 annualized dividend and a dividend yield of 1.67%. Taiwan Semiconductor Manufacturing's dividend payout ratio (DPR) is currently 27.76%.

Taiwan Semiconductor Manufacturing 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.