Gemmer Asset Management LLC Invests $591,000 in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Gemmer Asset Management LLC 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 13F filing with the Securities and Exchange Commission. The firm acquired 2,991 shares of the semiconductor company's stock, valued at approximately $591,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in TSM. LaFleur & Godfrey LLC acquired a new stake in Taiwan Semiconductor Manufacturing during the fourth quarter worth about $221,000. Overbrook Management Corp increased its holdings in shares of Taiwan Semiconductor Manufacturing by 18.8% during the 4th quarter. Overbrook Management Corp now owns 61,287 shares of the semiconductor company's stock worth $12,104,000 after buying an additional 9,684 shares during the last quarter. Mitchell Mcleod Pugh & Williams Inc. raised its position in shares of Taiwan Semiconductor Manufacturing by 2.3% during the 4th quarter. Mitchell Mcleod Pugh & Williams Inc. now owns 2,469 shares of the semiconductor company's stock valued at $488,000 after buying an additional 55 shares during the period. Guinness Asset Management LTD lifted its holdings in Taiwan Semiconductor Manufacturing by 8.6% in the fourth quarter. Guinness Asset Management LTD now owns 382,239 shares of the semiconductor company's stock valued at $75,609,000 after acquiring an additional 30,203 shares during the last quarter. Finally, Bridgewater Advisors Inc. grew its position in Taiwan Semiconductor Manufacturing by 0.5% in the fourth quarter. Bridgewater Advisors Inc. now owns 18,501 shares of the semiconductor company's stock worth $3,727,000 after acquiring an additional 84 shares during the period. Hedge funds and other institutional investors own 16.51% of the company's stock.

Taiwan Semiconductor Manufacturing Price Performance

TSM traded down $3.27 during trading on Monday, reaching $211.52. 21,549,070 shares of the stock were exchanged, compared to its average volume of 11,245,926. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.57 and a quick ratio of 2.30. The business's 50 day moving average price is $198.02 and its two-hundred day moving average price is $184.52. Taiwan Semiconductor Manufacturing Company Limited has a 1 year low of $109.48 and a 1 year high of $222.20. The company has a market capitalization of $1.10 trillion, a price-to-earnings ratio of 33.90, a P/E/G ratio of 0.76 and a beta of 1.07.

Taiwan Semiconductor Manufacturing (NYSE:TSM - Get Free Report) last issued its quarterly earnings results on Thursday, January 16th. The semiconductor company reported $2.24 EPS for the quarter, topping analysts' consensus estimates of $2.16 by $0.08. Taiwan Semiconductor Manufacturing had a net margin of 39.10% and a return on equity of 27.44%. As a group, equities research analysts anticipate that Taiwan Semiconductor Manufacturing Company Limited will post 6.92 earnings per share for the current year.

Taiwan Semiconductor Manufacturing Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 10th. Shareholders of record on Tuesday, March 18th will be paid a dividend of $0.5484 per share. The ex-dividend date is Tuesday, March 18th. This represents a $2.19 dividend on an annualized basis and a yield of 1.04%. This is an increase from Taiwan Semiconductor Manufacturing's previous quarterly dividend of $0.49. Taiwan Semiconductor Manufacturing's dividend payout ratio (DPR) is currently 30.77%.

Analysts Set New Price Targets

Several equities analysts have recently commented on TSM shares. Barclays upped their price target on Taiwan Semiconductor Manufacturing from $240.00 to $255.00 and gave the company an "overweight" rating in a research note on Friday. Needham & Company LLC reiterated a "buy" rating and set a $225.00 price target on shares of Taiwan Semiconductor Manufacturing in a research report on Thursday. Susquehanna reaffirmed a "buy" rating on shares of Taiwan Semiconductor Manufacturing in a research report on Friday, October 18th. Finally, StockNews.com lowered Taiwan Semiconductor Manufacturing from a "buy" rating to a "hold" rating in a research report on Sunday, November 17th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $220.00.

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.