Montrusco Bolton Investments Inc. Takes Position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Montrusco Bolton Investments Inc. bought a new position in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM - Free Report) during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 68,859 shares of the semiconductor company's stock, valued at approximately $11,959,000.

Other hedge funds have also recently bought and sold shares of the company. PineStone Asset Management Inc. grew its position in Taiwan Semiconductor Manufacturing by 116.3% in the second quarter. PineStone Asset Management Inc. now owns 7,784,316 shares of the semiconductor company's stock valued at $1,352,992,000 after purchasing an additional 4,186,133 shares in the last quarter. Clearbridge Investments LLC lifted its position in shares of Taiwan Semiconductor Manufacturing by 669.7% during the 2nd quarter. Clearbridge Investments LLC now owns 3,721,489 shares of the semiconductor company's stock valued at $646,832,000 after acquiring an additional 3,237,998 shares during the period. 1832 Asset Management L.P. increased its holdings in Taiwan Semiconductor Manufacturing by 1,226.7% in the 2nd quarter. 1832 Asset Management L.P. now owns 1,983,830 shares of the semiconductor company's stock valued at $344,809,000 after buying an additional 1,834,298 shares during the period. Manning & Napier Advisors LLC bought a new position in Taiwan Semiconductor Manufacturing in the second quarter valued at approximately $228,200,000. Finally, LGT Group Foundation raised its holdings in shares of Taiwan Semiconductor Manufacturing by 725.0% during the 2nd quarter. LGT Group Foundation now owns 1,412,856 shares of the semiconductor company's stock worth $245,569,000 after buying an additional 1,241,596 shares in the last quarter. 16.51% of the stock is currently owned by institutional investors.

Taiwan Semiconductor Manufacturing Trading Down 0.6 %

TSM stock traded down $1.16 during midday trading on Friday, reaching $190.08. The company's stock had a trading volume of 8,838,925 shares, compared to its average volume of 13,231,265. The stock has a fifty day simple moving average of $187.92 and a two-hundred day simple moving average of $173.68. The firm has a market capitalization of $985.83 billion, a price-to-earnings ratio of 30.45, a PEG ratio of 0.88 and a beta of 1.12. Taiwan Semiconductor Manufacturing Company Limited has a 1 year low of $95.25 and a 1 year high of $212.60. The company has a debt-to-equity ratio of 0.24, a quick ratio of 2.30 and a current ratio of 2.57.

Taiwan Semiconductor Manufacturing (NYSE:TSM - Get Free Report) last issued its quarterly earnings data on Thursday, October 17th. The semiconductor company reported $1.94 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.74 by $0.20. The firm had revenue of $23.50 billion for the quarter, compared to the consensus estimate of $22.72 billion. Taiwan Semiconductor Manufacturing had a net margin of 39.10% and a return on equity of 27.44%. On average, equities research analysts predict that Taiwan Semiconductor Manufacturing Company Limited will post 6.95 EPS for the current 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 paid a dividend of $0.5484 per share. This represents a $2.19 annualized dividend and a dividend yield of 1.15%. This is an increase from Taiwan Semiconductor Manufacturing's previous quarterly dividend of $0.49. The ex-dividend date is Tuesday, March 18th. Taiwan Semiconductor Manufacturing's dividend payout ratio is presently 31.57%.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. StockNews.com cut Taiwan Semiconductor Manufacturing from a "buy" rating to a "hold" rating in a research note on Sunday, November 17th. Barclays upped their price objective on shares of Taiwan Semiconductor Manufacturing from $215.00 to $240.00 and gave the stock an "overweight" rating in a research report on Monday, November 18th. Needham & Company LLC restated a "buy" rating and set a $210.00 price target on shares of Taiwan Semiconductor Manufacturing in a research report on Thursday, October 17th. Finally, Susquehanna reaffirmed a "buy" rating on shares of Taiwan Semiconductor Manufacturing in a research report on Friday, October 18th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $214.00.

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.