Geneos Wealth Management Inc. Has $2.74 Million Holdings in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Geneos Wealth Management Inc. boosted its position in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 4.1% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 13,859 shares of the semiconductor company’s stock after buying an additional 547 shares during the period. Geneos Wealth Management Inc.’s holdings in Taiwan Semiconductor Manufacturing were worth $2,737,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of TSM. FMR LLC increased its stake in Taiwan Semiconductor Manufacturing by 7.2% in the third quarter. FMR LLC now owns 55,974,769 shares of the semiconductor company’s stock valued at $9,721,138,000 after acquiring an additional 3,783,802 shares during the last quarter. Fisher Asset Management LLC increased its stake in shares of Taiwan Semiconductor Manufacturing by 1.3% in the 3rd quarter. Fisher Asset Management LLC now owns 28,767,106 shares of the semiconductor company’s stock valued at $4,995,984,000 after purchasing an additional 359,854 shares during the last quarter. Van ECK Associates Corp raised its holdings in shares of Taiwan Semiconductor Manufacturing by 0.7% during the 3rd quarter. Van ECK Associates Corp now owns 18,289,993 shares of the semiconductor company’s stock worth $3,176,423,000 after buying an additional 122,828 shares in the last quarter. WCM Investment Management LLC lifted its position in shares of Taiwan Semiconductor Manufacturing by 14.1% during the 3rd quarter. WCM Investment Management LLC now owns 9,738,181 shares of the semiconductor company’s stock worth $1,733,104,000 after buying an additional 1,206,359 shares during the last quarter. Finally, Janus Henderson Group PLC boosted its stake in Taiwan Semiconductor Manufacturing by 19.9% in the third quarter. Janus Henderson Group PLC now owns 6,485,854 shares of the semiconductor company’s stock valued at $1,126,420,000 after buying an additional 1,075,425 shares in the last quarter. 16.51% of the stock is owned by institutional investors.

Taiwan Semiconductor Manufacturing Stock Performance

Shares of Taiwan Semiconductor Manufacturing stock opened at $221.73 on Friday. The stock has a market cap of $1.15 trillion, a price-to-earnings ratio of 31.50, a P/E/G ratio of 0.74 and a beta of 1.07. 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 twelve month low of $112.61 and a twelve month high of $226.40. The company’s fifty day moving average is $201.07 and its 200 day moving average is $185.75.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last issued its quarterly earnings data on Thursday, January 16th. The semiconductor company reported $2.24 earnings per share (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%. Sell-side analysts forecast that Taiwan Semiconductor Manufacturing Company Limited will post 9.12 EPS for the current year.

Taiwan Semiconductor Manufacturing Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 10th. Stockholders of record on Tuesday, March 18th will be given a dividend of $0.5484 per share. The ex-dividend date is Tuesday, March 18th. This is a boost from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. This represents a $2.19 annualized dividend and a dividend yield of 0.99%. Taiwan Semiconductor Manufacturing’s dividend payout ratio is 27.27%.

Analyst Ratings Changes

A number of research analysts have recently commented on TSM shares. Susquehanna reissued a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a report on Friday, October 18th. 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 report on Friday, January 17th. Needham & Company LLC reiterated a “buy” rating and issued a $225.00 price target on shares of Taiwan Semiconductor Manufacturing in a research note on Thursday, January 16th. Finally, StockNews.com upgraded Taiwan Semiconductor Manufacturing from a “hold” rating to a “buy” rating in a research report on Monday, January 20th. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, Taiwan Semiconductor Manufacturing has a consensus rating of “Moderate Buy” and a consensus target price of $220.00.

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.