Naviter Wealth LLC Buys 19,223 Shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Naviter Wealth LLC boosted its position in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM - Free Report) by 24.9% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 96,388 shares of the semiconductor company's stock after purchasing an additional 19,223 shares during the period. Taiwan Semiconductor Manufacturing accounts for 2.3% of Naviter Wealth LLC's investment portfolio, making the stock its 6th biggest holding. Naviter Wealth LLC's holdings in Taiwan Semiconductor Manufacturing were worth $19,092,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Mount Yale Investment Advisors LLC boosted its stake in shares of Taiwan Semiconductor Manufacturing by 4.3% during the 4th quarter. Mount Yale Investment Advisors LLC now owns 35,709 shares of the semiconductor company's stock valued at $7,052,000 after buying an additional 1,476 shares during the period. McHugh Group LLC acquired a new stake in shares of Taiwan Semiconductor Manufacturing during the 4th quarter valued at $605,000. OLD National Bancorp IN boosted its stake in shares of Taiwan Semiconductor Manufacturing by 2.1% during the 4th quarter. OLD National Bancorp IN now owns 113,205 shares of the semiconductor company's stock valued at $22,357,000 after buying an additional 2,368 shares during the period. Hardman Johnston Global Advisors LLC boosted its stake in shares of Taiwan Semiconductor Manufacturing by 7.6% during the 4th quarter. Hardman Johnston Global Advisors LLC now owns 381,432 shares of the semiconductor company's stock valued at $75,329,000 after buying an additional 26,847 shares during the period. Finally, Private Client Services LLC acquired a new stake in shares of Taiwan Semiconductor Manufacturing during the 4th quarter valued at $201,000. 16.51% of the stock is currently owned by hedge funds and other institutional investors.

Remove Ads

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on TSM shares. Needham & Company LLC reissued a "buy" rating and set a $225.00 target price on shares of Taiwan Semiconductor Manufacturing in a research report on Tuesday, February 18th. StockNews.com lowered shares of Taiwan Semiconductor Manufacturing from a "buy" rating to a "hold" rating in a research report on Tuesday, January 28th. Finally, Barclays boosted 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 report on Friday, January 17th. 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 company currently has a consensus rating of "Moderate Buy" and an average target price of $220.00.

Taiwan Semiconductor Manufacturing Stock Performance

Shares of NYSE:TSM traded up $0.73 on Friday, hitting $176.58. 20,993,833 shares of the company were exchanged, compared to its average volume of 18,397,072. The company's 50 day moving average price is $202.05 and its two-hundred day moving average price is $191.76. Taiwan Semiconductor Manufacturing Company Limited has a one year low of $125.78 and a one 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. The firm has a market capitalization of $915.80 billion, a price-to-earnings ratio of 25.08, a PEG ratio of 0.66 and a beta of 1.13.

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, 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%. Research analysts expect that Taiwan Semiconductor Manufacturing Company Limited will post 9.2 earnings per share 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. Investors of record on Thursday, June 12th will be paid a $0.6855 dividend. The ex-dividend date is Thursday, June 12th. This represents a $2.74 dividend on an annualized basis and a yield of 1.55%. This is a boost from Taiwan Semiconductor Manufacturing's previous quarterly dividend of $0.55. Taiwan Semiconductor Manufacturing's payout ratio is presently 30.68%.

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.