Abacus Planning Group Inc. Acquires Shares of 1,083 Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Abacus Planning Group Inc. acquired a new stake in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 1,083 shares of the semiconductor company’s stock, valued at approximately $214,000.

Other institutional investors also recently bought and sold shares of the company. AMF Tjanstepension AB increased its stake in shares of Taiwan Semiconductor Manufacturing by 4.8% during the third quarter. AMF Tjanstepension AB now owns 1,533,207 shares of the semiconductor company’s stock worth $266,300,000 after acquiring an additional 70,057 shares during the period. Foundations Investment Advisors LLC increased its stake in shares of Taiwan Semiconductor Manufacturing by 6.4% during the third quarter. Foundations Investment Advisors LLC now owns 23,054 shares of the semiconductor company’s stock worth $4,004,000 after acquiring an additional 1,389 shares during the period. Oakworth Capital Inc. increased its stake in shares of Taiwan Semiconductor Manufacturing by 522.2% during the third quarter. Oakworth Capital Inc. now owns 448 shares of the semiconductor company’s stock worth $78,000 after acquiring an additional 376 shares during the period. Sequoia Financial Advisors LLC increased its stake in shares of Taiwan Semiconductor Manufacturing by 4.1% during the third quarter. Sequoia Financial Advisors LLC now owns 44,503 shares of the semiconductor company’s stock worth $7,729,000 after acquiring an additional 1,773 shares during the period. Finally, Pictet North America Advisors SA increased its stake in shares of Taiwan Semiconductor Manufacturing by 1.4% during the third quarter. Pictet North America Advisors SA now owns 223,042 shares of the semiconductor company’s stock worth $38,736,000 after acquiring an additional 3,105 shares during the period. 16.51% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on TSM. StockNews.com lowered shares of Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a research note on Tuesday, January 28th. Needham & Company LLC reiterated a “buy” rating and set a $225.00 price target on shares of Taiwan Semiconductor Manufacturing in a research note on Tuesday. Finally, Barclays boosted their price objective on shares of Taiwan Semiconductor Manufacturing from $240.00 to $255.00 and gave the stock an “overweight” rating in a 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. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $220.00.

Taiwan Semiconductor Manufacturing Stock Down 0.9 %

TSM stock opened at $200.88 on Thursday. The company has a market cap of $1.04 trillion, a P/E ratio of 28.53, a P/E/G ratio of 0.67 and a beta of 1.06. Taiwan Semiconductor Manufacturing Company Limited has a 52 week low of $122.91 and a 52 week high of $226.40. The company’s 50-day moving average price is $205.68 and its 200 day moving average price is $190.15. The company has a current ratio of 2.57, a quick ratio of 2.30 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 (EPS) for the quarter, beating the consensus estimate 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, research analysts expect 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. Shareholders of record on Thursday, June 12th will be issued a $0.6855 dividend. This represents a $2.74 annualized dividend and a dividend yield of 1.36%. The ex-dividend date of this dividend is Thursday, June 12th. This is an increase from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.55. Taiwan Semiconductor Manufacturing’s dividend payout ratio is 27.27%.

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.