Interchange Capital Partners LLC Raises Stock Position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Interchange Capital Partners LLC lifted its stake in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM - Free Report) by 109.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,537 shares of the semiconductor company's stock after purchasing an additional 2,891 shares during the quarter. Interchange Capital Partners LLC's holdings in Taiwan Semiconductor Manufacturing were worth $1,144,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. Mount Yale Investment Advisors LLC grew its holdings in shares of Taiwan Semiconductor Manufacturing by 4.3% during the fourth quarter. Mount Yale Investment Advisors LLC now owns 35,709 shares of the semiconductor company's stock valued at $7,052,000 after buying an additional 1,476 shares during the last quarter. McHugh Group LLC bought a new position in shares of Taiwan Semiconductor Manufacturing during the fourth quarter valued at $605,000. OLD National Bancorp IN lifted its holdings in shares of Taiwan Semiconductor Manufacturing by 2.1% during the fourth quarter. OLD National Bancorp IN now owns 113,205 shares of the semiconductor company's stock valued at $22,357,000 after purchasing an additional 2,368 shares in the last quarter. Guardian Partners Inc. purchased a new stake in shares of Taiwan Semiconductor Manufacturing during the fourth quarter valued at $9,222,000. Finally, Hardman Johnston Global Advisors LLC increased its holdings in Taiwan Semiconductor Manufacturing by 7.6% in the 4th quarter. Hardman Johnston Global Advisors LLC now owns 381,432 shares of the semiconductor company's stock worth $75,329,000 after buying an additional 26,847 shares in the last quarter. Institutional investors own 16.51% of the company's stock.

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Analyst Ratings Changes

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

Taiwan Semiconductor Manufacturing Stock Performance

Shares of TSM traded down $0.24 on Tuesday, reaching $180.92. The company's stock had a trading volume of 8,371,430 shares, compared to its average volume of 15,039,274. The stock's 50 day simple moving average is $195.27 and its two-hundred day simple moving average is $192.45. 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 stock has a market capitalization of $938.33 billion, a P/E ratio of 25.70, a PEG ratio of 0.66 and a beta of 1.13. Taiwan Semiconductor Manufacturing Company Limited has a 12-month low of $125.78 and a 12-month high of $226.40.

Taiwan Semiconductor Manufacturing (NYSE:TSM - Get Free Report) last issued its quarterly earnings results 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 net margin of 40.51% and a return on equity of 30.47%. Research analysts forecast that Taiwan Semiconductor Manufacturing Company Limited will post 9.2 earnings per share for the current fiscal year.

Taiwan Semiconductor Manufacturing Increases Dividend

The company also recently announced 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 is a boost from Taiwan Semiconductor Manufacturing's previous quarterly dividend of $0.55. The ex-dividend date of this dividend is Thursday, June 12th. This represents a $2.74 dividend on an annualized basis and a yield of 1.52%. Taiwan Semiconductor Manufacturing's dividend payout ratio (DPR) 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.