Elo Mutual Pension Insurance Co Acquires 16,610 Shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Elo Mutual Pension Insurance Co raised its position in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM - Free Report) by 47.2% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 51,811 shares of the semiconductor company's stock after purchasing an additional 16,610 shares during the quarter. Elo Mutual Pension Insurance Co's holdings in Taiwan Semiconductor Manufacturing were worth $10,232,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Stonebridge Financial Group LLC bought a new position in Taiwan Semiconductor Manufacturing in the 4th quarter worth $25,000. IMG Wealth Management Inc. purchased a new position in shares of Taiwan Semiconductor Manufacturing in the fourth quarter valued at about $26,000. Hopwood Financial Services Inc. purchased a new stake in shares of Taiwan Semiconductor Manufacturing during the fourth quarter worth about $27,000. Roxbury Financial LLC bought a new stake in Taiwan Semiconductor Manufacturing during the 4th quarter valued at approximately $29,000. Finally, CoreFirst Bank & Trust bought a new position in Taiwan Semiconductor Manufacturing in the 4th quarter worth approximately $39,000. 16.51% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

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

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Taiwan Semiconductor Manufacturing Price Performance

Shares of NYSE:TSM traded down $2.42 on Friday, reaching $165.82. The company's stock had a trading volume of 16,312,453 shares, compared to its average volume of 15,291,333. The company has a 50-day simple moving average of $192.35 and a 200 day simple moving average of $192.55. The company has a debt-to-equity ratio of 0.24, a quick ratio of 2.30 and a current ratio of 2.57. The company has a market cap of $860.00 billion, a P/E ratio of 23.55, a PEG ratio of 0.66 and a beta of 1.13. Taiwan Semiconductor Manufacturing Company Limited has a 52-week low of $125.78 and a 52-week high of $226.40.

Taiwan Semiconductor Manufacturing (NYSE:TSM - Get Free Report) last issued its quarterly earnings data on Thursday, January 16th. The semiconductor company reported $2.24 earnings per share for the quarter, topping 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 research analysts anticipate 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. Shareholders of record on Thursday, June 12th will be paid a dividend of $0.6855 per share. This represents a $2.74 annualized dividend and a yield of 1.65%. This is a positive change from Taiwan Semiconductor Manufacturing's previous quarterly dividend of $0.55. The ex-dividend date is Thursday, June 12th. Taiwan Semiconductor Manufacturing's payout ratio is presently 30.68%.

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.