102,930 Shares in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) Acquired by Sava Infond d.o.o.

Sava Infond d.o.o. purchased a new stake in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 102,930 shares of the semiconductor company's stock, valued at approximately $20,328,000. Taiwan Semiconductor Manufacturing accounts for 3.6% of Sava Infond d.o.o.'s investment portfolio, making the stock its 10th biggest position.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Elo Mutual Pension Insurance Co raised its holdings in Taiwan Semiconductor Manufacturing by 47.2% in the fourth quarter. Elo Mutual Pension Insurance Co now owns 51,811 shares of the semiconductor company's stock worth $10,232,000 after purchasing an additional 16,610 shares during the period. Aviso Wealth Management acquired a new position in Taiwan Semiconductor Manufacturing in the fourth quarter valued at about $1,002,000. Heritage Wealth Advisors raised its position in shares of Taiwan Semiconductor Manufacturing by 20.0% during the fourth quarter. Heritage Wealth Advisors now owns 300 shares of the semiconductor company's stock worth $59,000 after purchasing an additional 50 shares during the period. Graney & King LLC bought a new position in Taiwan Semiconductor Manufacturing in the fourth quarter valued at approximately $40,000. Finally, Financial Engines Advisors L.L.C. bought a new stake in Taiwan Semiconductor Manufacturing in the 4th quarter valued at $218,000. 16.51% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the stock. StockNews.com lowered shares of Taiwan Semiconductor Manufacturing from a "buy" rating to a "hold" rating in a research note on Tuesday, January 28th. Barclays increased their price target on shares of Taiwan Semiconductor Manufacturing from $240.00 to $255.00 and gave the company an "overweight" rating in a report on Friday, January 17th. Finally, Needham & Company LLC reissued a "buy" rating and set a $225.00 target price on shares of Taiwan Semiconductor Manufacturing in a report 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, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $220.00.

Remove Ads

Taiwan Semiconductor Manufacturing Price Performance

Shares of TSM traded down $2.42 during mid-day trading on Friday, reaching $165.82. The company had a trading volume of 16,312,453 shares, compared to its average volume of 15,291,333. The company has a market capitalization of $860.00 billion, a price-to-earnings ratio of 23.55, a P/E/G ratio of 0.66 and a beta of 1.13. The company has a debt-to-equity ratio of 0.24, a quick ratio of 2.30 and a current ratio of 2.57. The company's 50 day simple moving average is $192.35 and its 200 day simple moving average is $192.55. Taiwan Semiconductor Manufacturing Company Limited has a 1-year low of $125.78 and a 1-year high of $226.40.

Taiwan Semiconductor Manufacturing (NYSE:TSM - Get Free Report) last posted its earnings results on Thursday, January 16th. The semiconductor company reported $2.24 EPS for the quarter, beating the consensus estimate of $2.16 by $0.08. Taiwan Semiconductor Manufacturing had a return on equity of 30.47% and a net margin of 40.51%. Analysts expect that Taiwan Semiconductor Manufacturing Company Limited will post 9.2 EPS for the current year.

Taiwan Semiconductor Manufacturing Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 10th. Shareholders of record on Thursday, June 12th will be issued a $0.6855 dividend. This is an increase 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 1.65%. The ex-dividend date of this dividend is Thursday, June 12th. Taiwan Semiconductor Manufacturing's payout ratio 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.