M.E. Allison & CO. Inc. Purchases New Holdings in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

M.E. Allison & CO. Inc. purchased a new stake in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 1,354 shares of the semiconductor company's stock, valued at approximately $267,000.

A number of other institutional investors have also modified their holdings of TSM. Reston Wealth Management LLC purchased a new position in Taiwan Semiconductor Manufacturing during the 3rd quarter worth $25,000. Fairscale Capital LLC acquired a new stake in Taiwan Semiconductor Manufacturing in the second quarter worth about $32,000. Sugarloaf Wealth Management LLC grew its stake in shares of 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 last quarter. Archer Investment Corp increased its holdings in shares of 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. Finally, Abich Financial Wealth Management LLC boosted its stake in Taiwan Semiconductor Manufacturing by 108.0% in the 2nd quarter. Abich Financial Wealth Management LLC now owns 208 shares of the semiconductor company's stock worth $36,000 after purchasing an additional 108 shares in the last quarter. 16.51% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have recently commented on the stock. Susquehanna reiterated a "buy" rating on shares of Taiwan Semiconductor Manufacturing in a research note on Friday, October 18th. Needham & Company LLC reaffirmed a "buy" rating and set a $225.00 price target on shares of Taiwan Semiconductor Manufacturing in a research report on Thursday. Barclays increased their price objective on Taiwan Semiconductor Manufacturing from $240.00 to $255.00 and gave the company an "overweight" rating in a report on Friday. Finally, StockNews.com raised Taiwan Semiconductor Manufacturing from a "hold" rating to a "buy" rating in a report on Monday. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $220.00.

Taiwan Semiconductor Manufacturing Stock Performance

Shares of NYSE TSM traded down $3.27 during trading on Monday, reaching $211.52. 21,549,070 shares of the company traded hands, compared to its average volume of 11,245,926. The stock has a market cap of $1.10 trillion, a P/E ratio of 33.90, a PEG ratio of 0.76 and a beta of 1.07. The firm's fifty day simple moving average is $198.02 and its 200 day simple moving average is $184.52. 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 Company Limited has a 12-month low of $109.48 and a 12-month high of $222.20.

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 return on equity of 27.44% and a net margin of 39.10%. As a group, research analysts anticipate that Taiwan Semiconductor Manufacturing Company Limited will post 6.92 earnings per share for the current fiscal year.

Taiwan Semiconductor Manufacturing Increases Dividend

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

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.