New Century Financial Group LLC Buys 5,259 Shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

New Century Financial Group LLC grew its holdings in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM - Free Report) by 188.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 8,057 shares of the semiconductor company's stock after acquiring an additional 5,259 shares during the quarter. Taiwan Semiconductor Manufacturing accounts for about 0.7% of New Century Financial Group LLC's investment portfolio, making the stock its 29th largest holding. New Century Financial Group LLC's holdings in Taiwan Semiconductor Manufacturing were worth $1,681,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of TSM. Reston Wealth Management LLC acquired a new stake in Taiwan Semiconductor Manufacturing during the 3rd quarter worth approximately $25,000. Sugarloaf Wealth Management LLC boosted its position in shares of Taiwan Semiconductor Manufacturing by 77.1% in the third quarter. Sugarloaf Wealth Management LLC now owns 186 shares of the semiconductor company's stock valued at $32,000 after acquiring an additional 81 shares during the period. Archer Investment Corp boosted its holdings in Taiwan Semiconductor Manufacturing by 48.1% in the 3rd quarter. Archer Investment Corp now owns 191 shares of the semiconductor company's stock valued at $33,000 after purchasing an additional 62 shares during the period. Abich Financial Wealth Management LLC grew its position in shares of Taiwan Semiconductor Manufacturing by 108.0% during 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. Finally, American Capital Advisory LLC bought a new position in shares of Taiwan Semiconductor Manufacturing during the third quarter worth approximately $38,000. Institutional investors own 16.51% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the company. Susquehanna reiterated a "buy" rating on shares of Taiwan Semiconductor Manufacturing in a research note on Friday, October 18th. StockNews.com raised Taiwan Semiconductor Manufacturing from a "hold" rating to a "buy" rating in a report on Monday. Needham & Company LLC reaffirmed a "buy" rating and set a $225.00 price target on shares of Taiwan Semiconductor Manufacturing in a report on Thursday, January 16th. Finally, Barclays boosted their price objective on shares of Taiwan Semiconductor Manufacturing from $240.00 to $255.00 and gave the company an "overweight" rating in a research report on Friday, January 17th. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $220.00.

Taiwan Semiconductor Manufacturing Price Performance

Shares of TSM traded down $2.89 during mid-day trading on Friday, reaching $221.73. The company had a trading volume of 13,173,022 shares, compared to its average volume of 17,388,779. The company's 50 day simple moving average is $200.35 and its 200 day simple moving average is $185.51. The company has a market capitalization of $1.15 trillion, a price-to-earnings ratio of 31.50, a P/E/G ratio of 0.74 and a beta of 1.07. Taiwan Semiconductor Manufacturing Company Limited has a 1-year low of $112.61 and a 1-year high of $226.40. 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 posted its earnings results on Thursday, January 16th. The semiconductor company reported $2.24 earnings per share for the quarter, topping analysts' consensus estimates of $2.16 by $0.08. Taiwan Semiconductor Manufacturing had a net margin of 40.51% and a return on equity of 30.47%. Analysts expect that Taiwan Semiconductor Manufacturing Company Limited will post 9.12 EPS for the current year.

Taiwan Semiconductor Manufacturing Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 10th. Shareholders of record on Tuesday, March 18th will be issued a dividend of $0.5484 per share. This is an increase from Taiwan Semiconductor Manufacturing's previous quarterly dividend of $0.49. This represents a $2.19 dividend on an annualized basis and a yield of 0.99%. The ex-dividend date of this dividend is Tuesday, March 18th. Taiwan Semiconductor Manufacturing's dividend payout ratio (DPR) is presently 27.27%.

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.