Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) Shares Acquired by TCTC Holdings LLC

TCTC Holdings LLC increased its stake in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 4.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,974 shares of the semiconductor company’s stock after purchasing an additional 91 shares during the quarter. TCTC Holdings LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $390,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of TSM. Victory Capital Management Inc. lifted its holdings in shares of Taiwan Semiconductor Manufacturing by 116.0% during the third quarter. Victory Capital Management Inc. now owns 104,657 shares of the semiconductor company’s stock worth $18,176,000 after purchasing an additional 56,211 shares during the period. KBC Group NV lifted its holdings in shares of Taiwan Semiconductor Manufacturing by 47.2% during the third quarter. KBC Group NV now owns 28,572 shares of the semiconductor company’s stock worth $4,962,000 after purchasing an additional 9,168 shares during the period. ING Groep NV lifted its holdings in shares of Taiwan Semiconductor Manufacturing by 3.7% during the third quarter. ING Groep NV now owns 17,685 shares of the semiconductor company’s stock worth $3,071,000 after purchasing an additional 626 shares during the period. Empowered Funds LLC lifted its holdings in shares of Taiwan Semiconductor Manufacturing by 13.3% during the third quarter. Empowered Funds LLC now owns 20,073 shares of the semiconductor company’s stock worth $3,486,000 after purchasing an additional 2,360 shares during the period. Finally, RIA Advisory Group LLC acquired a new stake in shares of Taiwan Semiconductor Manufacturing during the third quarter worth $223,000. 16.51% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have issued reports on the company. Barclays increased their price objective on Taiwan Semiconductor Manufacturing from $240.00 to $255.00 and gave the stock an “overweight” rating in a research report on Friday, January 17th. Needham & Company LLC reiterated a “buy” rating and issued a $225.00 price objective on shares of Taiwan Semiconductor Manufacturing in a research report on Tuesday, February 18th. Finally, StockNews.com cut Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a research report on Tuesday, January 28th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, Taiwan Semiconductor Manufacturing currently has a consensus rating of “Moderate Buy” and a consensus target price of $220.00.

Taiwan Semiconductor Manufacturing Trading Up 1.5 %

Shares of TSM stock opened at $174.16 on Monday. Taiwan Semiconductor Manufacturing Company Limited has a fifty-two week low of $125.78 and a fifty-two week high of $226.40. The stock has a market cap of $903.29 billion, a P/E ratio of 24.74, a P/E/G ratio of 0.66 and a beta of 1.13. The business has a fifty day simple moving average of $199.22 and a 200-day simple moving average of $192.02. 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) 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 return on equity of 30.47% and a net margin of 40.51%. On average, analysts forecast that Taiwan Semiconductor Manufacturing Company Limited will post 9.2 earnings per share for the current fiscal 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 $0.6855 dividend. The ex-dividend date of this dividend is Thursday, June 12th. This represents a $2.74 dividend on an annualized basis and a dividend yield of 1.57%. This is a boost from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.55. Taiwan Semiconductor Manufacturing’s dividend payout ratio (DPR) is currently 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.