Davidson Investment Advisors Makes New Investment in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Davidson Investment Advisors acquired 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. The institutional investor acquired 95,994 shares of the semiconductor company's stock, valued at approximately $18,958,000.

A number of other hedge funds have also made changes to their positions in TSM. Mount Yale Investment Advisors LLC grew its stake in Taiwan Semiconductor Manufacturing by 4.3% during the 4th quarter. Mount Yale Investment Advisors LLC now owns 35,709 shares of the semiconductor company's stock worth $7,052,000 after buying an additional 1,476 shares during the last quarter. McHugh Group LLC purchased a new position in Taiwan Semiconductor Manufacturing during the 4th quarter worth approximately $605,000. OLD National Bancorp IN grew its stake in Taiwan Semiconductor Manufacturing by 2.1% during the 4th quarter. OLD National Bancorp IN now owns 113,205 shares of the semiconductor company's stock worth $22,357,000 after buying an additional 2,368 shares during the last quarter. Private Client Services LLC purchased a new position in Taiwan Semiconductor Manufacturing during the 4th quarter worth approximately $201,000. Finally, YHB Investment Advisors Inc. lifted its position in Taiwan Semiconductor Manufacturing by 6.9% during the 4th quarter. YHB Investment Advisors Inc. now owns 40,275 shares of the semiconductor company's stock worth $7,954,000 after acquiring an additional 2,604 shares during the period. Hedge funds and other institutional investors own 16.51% of the company's stock.

Analyst Ratings Changes

A number of analysts have weighed in on TSM shares. StockNews.com cut Taiwan Semiconductor Manufacturing from a "buy" rating to a "hold" rating in a research report on Tuesday, January 28th. Needham & Company LLC reaffirmed a "buy" rating and set a $225.00 price objective on shares of Taiwan Semiconductor Manufacturing in a research report on Tuesday. Finally, Barclays increased their price objective on Taiwan Semiconductor Manufacturing from $240.00 to $255.00 and gave the stock an "overweight" rating in a research report on Friday, January 17th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $220.00.

Taiwan Semiconductor Manufacturing Price Performance

Shares of TSM traded down $1.01 during mid-day trading on Thursday, hitting $199.94. The company's stock had a trading volume of 10,224,129 shares, compared to its average volume of 17,242,654. The company has a current ratio of 2.57, a quick ratio of 2.30 and a debt-to-equity ratio of 0.24. The firm has a 50-day simple moving average of $205.68 and a 200 day simple moving average of $190.15. The firm has a market capitalization of $1.04 trillion, a P/E ratio of 28.40, a P/E/G ratio of 0.67 and a beta of 1.06. Taiwan Semiconductor Manufacturing Company Limited has a 1-year low of $122.91 and a 1-year high of $226.40.

Taiwan Semiconductor Manufacturing (NYSE:TSM - Get Free Report) last posted its quarterly 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%. Analysts predict that Taiwan Semiconductor Manufacturing Company Limited will post 9.2 EPS for the current fiscal 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 paid a $0.6855 dividend. This is an increase from Taiwan Semiconductor Manufacturing's previous quarterly dividend of $0.55. This represents a $2.74 annualized dividend and a yield of 1.37%. The ex-dividend date is Thursday, June 12th. Taiwan Semiconductor Manufacturing's dividend payout ratio (DPR) is presently 31.11%.

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.