SVB Wealth LLC Buys Shares of 11,312 Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

SVB Wealth LLC acquired a new position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 11,312 shares of the semiconductor company's stock, valued at approximately $2,234,000.

A number of other institutional investors have also recently made changes to their positions in the stock. Illumine Investment Management LLC bought a new stake in Taiwan Semiconductor Manufacturing in the fourth quarter valued at approximately $997,000. Pettyjohn Wood & White Inc. bought a new stake in shares of Taiwan Semiconductor Manufacturing in the 4th quarter valued at $299,000. Hosking Partners LLP boosted its position in Taiwan Semiconductor Manufacturing by 9.8% during the fourth quarter. Hosking Partners LLP now owns 253,049 shares of the semiconductor company's stock valued at $49,975,000 after acquiring an additional 22,686 shares during the last quarter. Fielder Capital Group LLC boosted its position in Taiwan Semiconductor Manufacturing by 4.7% during the fourth quarter. Fielder Capital Group LLC now owns 3,311 shares of the semiconductor company's stock valued at $654,000 after acquiring an additional 149 shares during the last quarter. Finally, Verus Capital Partners LLC boosted its position in Taiwan Semiconductor Manufacturing by 12.8% during the fourth quarter. Verus Capital Partners LLC now owns 4,446 shares of the semiconductor company's stock valued at $878,000 after acquiring an additional 506 shares during the last quarter. Institutional investors own 16.51% of the company's stock.

Taiwan Semiconductor Manufacturing Stock Down 0.5 %

Shares of TSM traded down $1.00 during trading hours on Friday, reaching $180.10. The stock had a trading volume of 27,895,144 shares, compared to its average volume of 17,601,268. Taiwan Semiconductor Manufacturing Company Limited has a 12 month low of $125.78 and a 12 month high of $226.40. The firm has a 50-day simple moving average of $204.74 and a 200 day simple moving average of $191.59. The company has a current ratio of 2.57, a quick ratio of 2.30 and a debt-to-equity ratio of 0.24. The company has a market capitalization of $934.05 billion, a price-to-earnings ratio of 25.58, a P/E/G ratio of 0.66 and a beta of 1.06.

Taiwan Semiconductor Manufacturing (NYSE:TSM - Get Free Report) last released its quarterly earnings data on Thursday, January 16th. The semiconductor company reported $2.24 earnings per share for the quarter, beating 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%. Equities research analysts predict that Taiwan Semiconductor Manufacturing Company Limited will post 9.2 earnings per share for the current fiscal year.

Taiwan Semiconductor Manufacturing Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 10th. Investors of record on Thursday, June 12th will be given a $0.6855 dividend. This is a boost from Taiwan Semiconductor Manufacturing's previous quarterly dividend of $0.55. The ex-dividend date is Thursday, June 12th. This represents a $2.74 annualized dividend and a yield of 1.52%. Taiwan Semiconductor Manufacturing's dividend payout ratio (DPR) is presently 31.11%.

Analyst Upgrades and Downgrades

TSM has been the topic of a number of research analyst reports. Needham & Company LLC restated a "buy" rating and set a $225.00 price target on shares of Taiwan Semiconductor Manufacturing in a report on Tuesday, February 18th. Barclays increased their target price on shares of Taiwan Semiconductor Manufacturing from $240.00 to $255.00 and gave the stock an "overweight" rating in a research note on Friday, January 17th. 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 research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $220.00.

About Taiwan Semiconductor Manufacturing

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.