Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) Shares Acquired by Pitcairn Co.

Pitcairn Co. boosted its holdings in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 26.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 35,706 shares of the semiconductor company’s stock after purchasing an additional 7,404 shares during the quarter. Pitcairn Co.’s holdings in Taiwan Semiconductor Manufacturing were worth $7,052,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Accel Wealth Management lifted its holdings in shares of Taiwan Semiconductor Manufacturing by 2.5% during the fourth quarter. Accel Wealth Management now owns 2,037 shares of the semiconductor company’s stock worth $402,000 after purchasing an additional 49 shares during the period. Elmwood Wealth Management Inc. lifted its position in Taiwan Semiconductor Manufacturing by 3.7% in the fourth quarter. Elmwood Wealth Management Inc. now owns 1,405 shares of the semiconductor company’s stock valued at $277,000 after purchasing an additional 50 shares during the period. WP Advisors LLC increased its position in Taiwan Semiconductor Manufacturing by 1.2% during the 4th quarter. WP Advisors LLC now owns 4,271 shares of the semiconductor company’s stock worth $843,000 after purchasing an additional 50 shares during the period. Heritage Wealth Advisors lifted its holdings in shares of Taiwan Semiconductor Manufacturing by 20.0% in the 4th quarter. Heritage Wealth Advisors now owns 300 shares of the semiconductor company’s stock valued at $59,000 after buying an additional 50 shares during the period. Finally, Gilman Hill Asset Management LLC grew its holdings in Taiwan Semiconductor Manufacturing by 3.3% during the fourth quarter. Gilman Hill Asset Management LLC now owns 1,614 shares of the semiconductor company’s stock worth $319,000 after acquiring an additional 52 shares during the period. Institutional investors and hedge funds own 16.51% of the company’s stock.

Taiwan Semiconductor Manufacturing Stock Performance

Shares of TSM opened at $170.48 on Thursday. The company has a 50-day moving average of $189.38 and a two-hundred day moving average of $192.49. The stock has a market cap of $884.18 billion, a P/E ratio of 24.22, a PEG ratio of 0.66 and a beta of 1.16. Taiwan Semiconductor Manufacturing Company Limited has a 12-month low of $125.78 and a 12-month high of $226.40. 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 released its quarterly earnings results on Thursday, January 16th. The semiconductor company reported $2.24 earnings per share for the quarter, topping 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%. As a group, research analysts predict 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. Stockholders of record on Thursday, June 12th will be issued a dividend of $0.6855 per share. 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. This represents a $2.74 dividend on an annualized basis and a dividend yield of 1.61%. Taiwan Semiconductor Manufacturing’s payout ratio is 30.68%.

Wall Street Analysts Forecast Growth

TSM has been the subject of a number of recent analyst reports. Needham & Company LLC reissued a “buy” rating and issued a $225.00 target price on shares of Taiwan Semiconductor Manufacturing in a report on Tuesday, February 18th. Barclays upped their target price on shares of Taiwan Semiconductor Manufacturing from $240.00 to $255.00 and gave the stock an “overweight” rating in a research report on Friday, January 17th. Finally, StockNews.com lowered Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a research note on Tuesday, January 28th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target 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.