Elo Mutual Pension Insurance Co Raises Stake in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Elo Mutual Pension Insurance Co lifted its position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 47.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 51,811 shares of the semiconductor company’s stock after purchasing an additional 16,610 shares during the period. Elo Mutual Pension Insurance Co’s holdings in Taiwan Semiconductor Manufacturing were worth $10,232,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. Aviso Wealth Management purchased a new position in shares of Taiwan Semiconductor Manufacturing in the fourth quarter valued at about $1,002,000. Heritage Wealth Advisors boosted its stake in Taiwan Semiconductor Manufacturing by 20.0% in the 4th quarter. Heritage Wealth Advisors now owns 300 shares of the semiconductor company’s stock worth $59,000 after purchasing an additional 50 shares during the period. Graney & King LLC purchased a new stake in Taiwan Semiconductor Manufacturing during the 4th quarter valued at approximately $40,000. Financial Engines Advisors L.L.C. bought a new stake in shares of Taiwan Semiconductor Manufacturing during the fourth quarter valued at approximately $218,000. Finally, Trust Investment Advisors lifted its holdings in shares of Taiwan Semiconductor Manufacturing by 8.2% in the fourth quarter. Trust Investment Advisors now owns 21,018 shares of the semiconductor company’s stock worth $4,151,000 after buying an additional 1,591 shares in the last quarter. 16.51% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

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

Taiwan Semiconductor Manufacturing Stock Down 4.1 %

Shares of NYSE TSM opened at $173.57 on Thursday. 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 Company Limited has a 12-month low of $125.78 and a 12-month high of $226.40. The firm’s 50-day moving average price is $194.19 and its 200-day moving average price is $192.49. The stock has a market capitalization of $900.22 billion, a price-to-earnings ratio of 24.66, a P/E/G ratio of 0.66 and a beta of 1.13.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last announced its earnings results on Thursday, January 16th. The semiconductor company reported $2.24 EPS for the quarter, topping 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, equities research analysts anticipate that Taiwan Semiconductor Manufacturing Company Limited will post 9.2 EPS 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. Investors of record on Thursday, June 12th will be issued a dividend of $0.6855 per share. This represents a $2.74 annualized dividend and a yield of 1.58%. This is an increase from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.55. The ex-dividend date is Thursday, June 12th. Taiwan Semiconductor Manufacturing’s dividend payout ratio is presently 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.