AssuredPartners Investment Advisors LLC Takes Position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

AssuredPartners Investment Advisors LLC bought a new position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM - Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 4,607 shares of the semiconductor company's stock, valued at approximately $910,000.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Stonebridge Financial Group LLC bought a new position in Taiwan Semiconductor Manufacturing during the fourth quarter worth about $25,000. IMG Wealth Management Inc. bought a new position in Taiwan Semiconductor Manufacturing in the 4th quarter valued at about $26,000. Hopwood Financial Services Inc. acquired a new stake in Taiwan Semiconductor Manufacturing in the 4th quarter worth about $27,000. Roxbury Financial LLC bought a new stake in Taiwan Semiconductor Manufacturing during the fourth quarter worth about $29,000. Finally, CoreFirst Bank & Trust bought a new position in Taiwan Semiconductor Manufacturing in the fourth quarter valued at about $39,000. Hedge funds and other institutional investors own 16.51% of the company's stock.

Analyst Ratings Changes

Several research analysts have issued reports on TSM shares. Barclays raised their price target on shares of Taiwan Semiconductor Manufacturing from $240.00 to $255.00 and gave the stock an "overweight" rating in a report on Friday, January 17th. Needham & Company LLC reaffirmed a "buy" rating and set a $225.00 target price on shares of Taiwan Semiconductor Manufacturing in a research report on Tuesday, February 18th. Finally, StockNews.com lowered shares of Taiwan Semiconductor Manufacturing from a "buy" rating to a "hold" rating in a research note on Tuesday, January 28th. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $220.00.

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Taiwan Semiconductor Manufacturing Stock Down 1.4 %

Taiwan Semiconductor Manufacturing stock traded down $2.42 on Friday, hitting $165.82. 16,312,453 shares of the stock traded hands, compared to its average volume of 15,291,333. Taiwan Semiconductor Manufacturing Company Limited has a 1 year low of $125.78 and a 1 year high of $226.40. The firm has a market cap of $860.00 billion, a P/E ratio of 23.55, a price-to-earnings-growth ratio of 0.66 and a beta of 1.13. The business's fifty day simple moving average is $192.35 and its 200 day simple moving average is $192.55. 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 - Get Free Report) last issued its earnings results on Thursday, January 16th. The semiconductor company reported $2.24 earnings per share for the quarter, topping analysts' consensus estimates 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, sell-side analysts forecast 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 disclosed a quarterly dividend, which will be paid on Thursday, July 10th. Investors of record on Thursday, June 12th will be given a dividend of $0.6855 per share. This represents a $2.74 dividend on an annualized basis and a yield of 1.65%. The ex-dividend date is Thursday, June 12th. This is a boost from Taiwan Semiconductor Manufacturing's previous quarterly dividend of $0.55. Taiwan Semiconductor Manufacturing's dividend payout ratio is 30.68%.

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.