Factory Mutual Insurance Co. Raises Stake in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Factory Mutual Insurance Co. boosted its holdings in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM - Free Report) by 18.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 173,420 shares of the semiconductor company's stock after buying an additional 27,000 shares during the period. Factory Mutual Insurance Co.'s holdings in Taiwan Semiconductor Manufacturing were worth $34,249,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also added to or reduced their stakes in TSM. Reston Wealth Management LLC acquired a new stake in Taiwan Semiconductor Manufacturing during the 3rd quarter valued at approximately $25,000. Sugarloaf Wealth Management LLC grew its holdings in Taiwan Semiconductor Manufacturing by 77.1% during the third quarter. Sugarloaf Wealth Management LLC now owns 186 shares of the semiconductor company's stock worth $32,000 after acquiring an additional 81 shares during the period. Archer Investment Corp raised its position in Taiwan Semiconductor Manufacturing by 48.1% during the third quarter. Archer Investment Corp now owns 191 shares of the semiconductor company's stock valued at $33,000 after acquiring an additional 62 shares in the last quarter. Endeavor Private Wealth Inc. acquired a new position in Taiwan Semiconductor Manufacturing in the fourth quarter valued at approximately $40,000. Finally, American Capital Advisory LLC purchased a new stake in Taiwan Semiconductor Manufacturing in the 3rd quarter worth approximately $38,000. Institutional investors and hedge funds own 16.51% of the company's stock.

Analyst Upgrades and Downgrades

TSM has been the subject of several analyst reports. Susquehanna reiterated a "buy" rating on shares of Taiwan Semiconductor Manufacturing in a research note on Friday, October 18th. Needham & Company LLC reiterated a "buy" rating and issued a $225.00 price objective on shares of Taiwan Semiconductor Manufacturing in a research report on Thursday, January 16th. StockNews.com cut Taiwan Semiconductor Manufacturing from a "buy" rating to a "hold" rating in a research report on Tuesday, January 28th. Finally, Barclays upped their price target on Taiwan Semiconductor Manufacturing from $240.00 to $255.00 and gave the stock an "overweight" rating in a report on Friday, January 17th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $220.00.

Taiwan Semiconductor Manufacturing Price Performance

Shares of TSM stock traded up $4.74 on Tuesday, reaching $204.54. 9,879,326 shares of the company were exchanged, compared to its average volume of 19,685,820. Taiwan Semiconductor Manufacturing Company Limited has a 1 year low of $116.58 and a 1 year high of $226.40. 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 business has a 50-day moving average price of $202.74 and a 200 day moving average price of $186.63. The company has a market cap of $1.06 trillion, a price-to-earnings ratio of 29.06, a P/E/G ratio of 0.69 and a beta of 1.06.

Taiwan Semiconductor Manufacturing (NYSE:TSM - Get Free Report) last posted its quarterly earnings data on Thursday, January 16th. The semiconductor company reported $2.24 EPS 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%. Equities research analysts forecast that Taiwan Semiconductor Manufacturing Company Limited will post 9.12 earnings per share for the current fiscal year.

Taiwan Semiconductor Manufacturing Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 10th. Shareholders of record on Tuesday, March 18th will be issued a $0.5484 dividend. 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 1.07%. 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 presently 27.27%.

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.