Plato Investment Management Ltd Takes Position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Plato Investment Management Ltd bought a new stake in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 8,000 shares of the semiconductor company’s stock, valued at approximately $1,586,000.

Several other large investors have also recently made changes to their positions in the business. Stonebridge Financial Group LLC bought a new position in shares of Taiwan Semiconductor Manufacturing during the 4th quarter worth $25,000. Roxbury Financial LLC bought a new position in shares of Taiwan Semiconductor Manufacturing during the 4th quarter worth $29,000. Archer Investment Corp grew its stake in shares of Taiwan Semiconductor Manufacturing by 48.1% during the 3rd quarter. Archer Investment Corp now owns 191 shares of the semiconductor company’s stock worth $33,000 after acquiring an additional 62 shares during the period. American Capital Advisory LLC bought a new position in Taiwan Semiconductor Manufacturing in the 3rd quarter worth about $38,000. Finally, OLD Second National Bank of Aurora boosted its stake in Taiwan Semiconductor Manufacturing by 169.8% in the 3rd quarter. OLD Second National Bank of Aurora now owns 232 shares of the semiconductor company’s stock worth $40,000 after purchasing an additional 146 shares during the period. 16.51% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts have commented on TSM shares. StockNews.com cut Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a research report on Tuesday, January 28th. Needham & Company LLC restated a “buy” rating and set a $225.00 price objective on shares of Taiwan Semiconductor Manufacturing in a research report on Tuesday, February 18th. Finally, Barclays upped their price objective on Taiwan Semiconductor Manufacturing from $240.00 to $255.00 and gave the company 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 assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $220.00.

Taiwan Semiconductor Manufacturing Stock Performance

Shares of TSM stock opened at $173.00 on Tuesday. The stock has a market cap of $897.25 billion, a PE ratio of 24.57, a price-to-earnings-growth ratio of 0.66 and a beta of 1.06. The business has a 50-day simple moving average of $204.06 and a 200-day simple moving average of $191.73. 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 Company Limited has a 52-week low of $125.78 and a 52-week high of $226.40.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last posted its quarterly 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%. On average, equities analysts expect that Taiwan Semiconductor Manufacturing Company Limited will post 9.2 EPS for the current year.

Taiwan Semiconductor Manufacturing Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 10th. Stockholders of record on Thursday, June 12th will be given a dividend of $0.6855 per share. 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 dividend yield of 1.58%. The ex-dividend date is Thursday, June 12th. Taiwan Semiconductor Manufacturing’s dividend payout ratio (DPR) is currently 31.11%.

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.