Forge First Asset Management Inc. Has $15.09 Million Stake in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Forge First Asset Management Inc. raised its stake in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM - Free Report) by 30.6% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 76,370 shares of the semiconductor company's stock after purchasing an additional 17,900 shares during the period. Taiwan Semiconductor Manufacturing accounts for approximately 5.4% of Forge First Asset Management Inc.'s investment portfolio, making the stock its 5th biggest position. Forge First Asset Management Inc.'s holdings in Taiwan Semiconductor Manufacturing were worth $15,088,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of TSM. CWA Asset Management Group LLC acquired a new stake in Taiwan Semiconductor Manufacturing during the 3rd quarter worth about $425,000. Sigma Planning Corp lifted its position in shares of Taiwan Semiconductor Manufacturing by 11.6% during the 3rd quarter. Sigma Planning Corp now owns 13,315 shares of the semiconductor company's stock worth $2,313,000 after buying an additional 1,389 shares in the last quarter. Ashton Thomas Securities LLC bought a new stake in shares of Taiwan Semiconductor Manufacturing in the 3rd quarter worth approximately $77,000. Nations Financial Group Inc. IA ADV raised its holdings in shares of Taiwan Semiconductor Manufacturing by 3.5% in the 3rd quarter. Nations Financial Group Inc. IA ADV now owns 8,888 shares of the semiconductor company's stock worth $1,544,000 after purchasing an additional 299 shares during the period. Finally, Keystone Financial Services grew its stake in Taiwan Semiconductor Manufacturing by 11.6% in the 3rd quarter. Keystone Financial Services now owns 1,403 shares of the semiconductor company's stock valued at $244,000 after buying an additional 146 shares in the last quarter. 16.51% of the stock is owned by institutional investors.

Taiwan Semiconductor Manufacturing Price Performance

Shares of NYSE TSM opened at $171.30 on Wednesday. Taiwan Semiconductor Manufacturing Company Limited has a 1 year low of $125.78 and a 1 year high of $226.40. The company's 50-day moving average is $200.93 and its 200 day moving average is $191.93. The stock has a market capitalization of $888.45 billion, a P/E ratio of 24.33, a P/E/G ratio of 0.66 and a beta of 1.13. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.57 and a quick ratio of 2.30.

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Taiwan Semiconductor Manufacturing (NYSE:TSM - Get Free Report) last announced its quarterly earnings results on Thursday, January 16th. The semiconductor company reported $2.24 earnings per share for the quarter, beating the consensus estimate of $2.16 by $0.08. Taiwan Semiconductor Manufacturing had a net margin of 40.51% and a return on equity of 30.47%. On average, sell-side analysts expect that Taiwan Semiconductor Manufacturing Company Limited will post 9.2 earnings per share for the current year.

Taiwan Semiconductor Manufacturing Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 10th. Investors of record on Thursday, June 12th will be issued a $0.6855 dividend. The ex-dividend date of this dividend is Thursday, June 12th. This represents a $2.74 annualized dividend and a yield of 1.60%. This is a boost from Taiwan Semiconductor Manufacturing's previous quarterly dividend of $0.55. Taiwan Semiconductor Manufacturing's dividend payout ratio (DPR) is currently 30.68%.

Analyst Upgrades and Downgrades

TSM has been the subject of a number of recent research reports. Needham & Company LLC reiterated a "buy" rating and issued a $225.00 price objective on shares of Taiwan Semiconductor Manufacturing in a research note on Tuesday, February 18th. StockNews.com lowered shares of Taiwan Semiconductor Manufacturing from a "buy" rating to a "hold" rating in a research report on Tuesday, January 28th. Finally, Barclays boosted their price target on shares of Taiwan Semiconductor Manufacturing from $240.00 to $255.00 and gave the stock an "overweight" rating in a research note 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 company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $220.00.

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.

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