Pitcairn Co. Boosts Holdings in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Pitcairn Co. increased its stake in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM - Free Report) by 26.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 35,706 shares of the semiconductor company's stock after purchasing an additional 7,404 shares during the quarter. Pitcairn Co.'s holdings in Taiwan Semiconductor Manufacturing were worth $7,052,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in TSM. Benjamin Edwards Inc. boosted its position in Taiwan Semiconductor Manufacturing by 258.5% during the third quarter. Benjamin Edwards Inc. now owns 17,606 shares of the semiconductor company's stock worth $3,059,000 after acquiring an additional 12,695 shares during the last quarter. Ascent Group LLC lifted its stake in shares of Taiwan Semiconductor Manufacturing by 2.5% during the 3rd quarter. Ascent Group LLC now owns 5,116 shares of the semiconductor company's stock worth $888,000 after purchasing an additional 123 shares during the period. Hilltop Holdings Inc. boosted its holdings in shares of Taiwan Semiconductor Manufacturing by 83.6% during the third quarter. Hilltop Holdings Inc. now owns 12,250 shares of the semiconductor company's stock worth $2,127,000 after purchasing an additional 5,579 shares during the last quarter. IHT Wealth Management LLC grew its position in shares of Taiwan Semiconductor Manufacturing by 49.7% in the third quarter. IHT Wealth Management LLC now owns 13,057 shares of the semiconductor company's stock valued at $2,264,000 after purchasing an additional 4,336 shares during the period. Finally, Morse Asset Management Inc increased its stake in Taiwan Semiconductor Manufacturing by 120.7% in the third quarter. Morse Asset Management Inc now owns 17,703 shares of the semiconductor company's stock valued at $3,074,000 after purchasing an additional 9,683 shares during the last quarter. Institutional investors and hedge funds own 16.51% of the company's stock.

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Taiwan Semiconductor Manufacturing Trading Down 7.6 %

Shares of NYSE TSM traded down $13.01 during midday trading on Thursday, hitting $157.38. The stock had a trading volume of 28,304,799 shares, compared to its average volume of 15,362,806. The company has a fifty day moving average price of $188.04 and a 200 day moving average price of $192.25. The company has a market capitalization of $816.24 billion, a price-to-earnings ratio of 22.36, a PEG ratio of 0.66 and a beta of 1.16. Taiwan Semiconductor Manufacturing Company Limited has a 1-year low of $125.78 and a 1-year high of $226.40. The company has a quick ratio of 2.30, a current ratio of 2.57 and a debt-to-equity ratio of 0.24.

Taiwan Semiconductor Manufacturing (NYSE:TSM - Get Free Report) last announced its quarterly 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%. On average, analysts predict that Taiwan Semiconductor Manufacturing Company Limited will post 9.2 earnings per share for the current year.

Taiwan Semiconductor Manufacturing Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 10th. Shareholders of record on Thursday, June 12th will be given a $0.6855 dividend. The ex-dividend date is Thursday, June 12th. This is a positive change from Taiwan Semiconductor Manufacturing's previous quarterly dividend of $0.55. This represents a $2.74 annualized dividend and a yield of 1.74%. Taiwan Semiconductor Manufacturing's dividend payout ratio (DPR) is 30.68%.

Analysts Set New Price Targets

A number of brokerages have issued reports on TSM. StockNews.com lowered Taiwan Semiconductor Manufacturing from a "buy" rating to a "hold" rating in a research note on Tuesday, January 28th. Needham & Company LLC reissued a "buy" rating and issued a $225.00 target price on shares of Taiwan Semiconductor Manufacturing in a research report on Tuesday, February 18th. Finally, Barclays upped their price target 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 research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $220.00.

Taiwan Semiconductor Manufacturing Company 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.