Mariner LLC grew its holdings in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM - Free Report) by 5.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 222,948 shares of the semiconductor company's stock after acquiring an additional 10,983 shares during the period. Mariner LLC's holdings in Taiwan Semiconductor Manufacturing were worth $44,032,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds have also recently made changes to their positions in the company. Stonebridge Financial Group LLC purchased a new position in Taiwan Semiconductor Manufacturing during the 4th quarter valued at approximately $25,000. IMG Wealth Management Inc. bought a new stake in Taiwan Semiconductor Manufacturing in the fourth quarter worth $26,000. Hopwood Financial Services Inc. purchased a new stake in Taiwan Semiconductor Manufacturing during the fourth quarter valued at $27,000. Roxbury Financial LLC bought a new position in Taiwan Semiconductor Manufacturing during the fourth quarter valued at $29,000. Finally, Glass Jacobson Investment Advisors llc grew its stake in shares of Taiwan Semiconductor Manufacturing by 289.4% in the 4th quarter. Glass Jacobson Investment Advisors llc now owns 183 shares of the semiconductor company's stock worth $36,000 after buying an additional 136 shares in the last quarter. Institutional investors own 16.51% of the company's stock.
Wall Street Analyst Weigh In
Several brokerages have recently issued reports on TSM. Needham & Company LLC restated a "buy" rating and set a $225.00 target price on shares of Taiwan Semiconductor Manufacturing in a research report on Thursday. Barclays upped their price objective on Taiwan Semiconductor Manufacturing from $240.00 to $255.00 and gave the company an "overweight" rating in a research report on Friday, January 17th. Susquehanna cut their target price on Taiwan Semiconductor Manufacturing from $265.00 to $250.00 and set a "positive" rating on the stock in a research report on Thursday. Finally, StockNews.com lowered shares of Taiwan Semiconductor Manufacturing from a "buy" rating to a "hold" rating in a research note on Tuesday, January 28th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat.com, Taiwan Semiconductor Manufacturing has a consensus rating of "Moderate Buy" and a consensus target price of $220.00.
Read Our Latest Analysis on TSM
Taiwan Semiconductor Manufacturing Trading Up 0.1 %
Shares of TSM traded up $0.19 during trading hours on Friday, reaching $151.86. 27,206,037 shares of the company traded hands, compared to its average volume of 15,909,742. The firm has a market cap of $787.61 billion, a price-to-earnings ratio of 21.57, a PEG ratio of 0.66 and a beta of 1.16. Taiwan Semiconductor Manufacturing Company Limited has a 12-month low of $125.78 and a 12-month high of $226.40. The stock's fifty day moving average price is $174.87 and its 200 day moving average price is $190.12. The company has a current ratio of 2.57, a quick ratio of 2.30 and a debt-to-equity ratio of 0.24.
Taiwan Semiconductor Manufacturing (NYSE:TSM - Get Free Report) last posted its quarterly earnings results on Thursday, April 17th. The semiconductor company reported $2.12 earnings per share for the quarter, beating the consensus estimate of $2.03 by $0.09. Taiwan Semiconductor Manufacturing had a net margin of 40.51% and a return on equity of 30.47%. The firm had revenue of $25.82 billion during the quarter, compared to the consensus estimate of $834.10 billion. Sell-side analysts forecast that Taiwan Semiconductor Manufacturing Company Limited will post 9.2 earnings per share for the current year.
Taiwan Semiconductor Manufacturing Increases Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 10th. Investors of record on Thursday, June 12th will be paid a $0.6855 dividend. The ex-dividend date of this dividend is Thursday, June 12th. This is a positive change from Taiwan Semiconductor Manufacturing's previous quarterly dividend of $0.55. This represents a $2.74 dividend on an annualized basis and a yield of 1.81%. Taiwan Semiconductor Manufacturing's dividend payout ratio is 30.68%.
About Taiwan Semiconductor Manufacturing
(
Free Report)
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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