Wrapmanager Inc. Makes New $233,000 Investment in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Wrapmanager Inc. purchased a new position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,182 shares of the semiconductor company’s stock, valued at approximately $233,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. BankPlus Trust Department purchased a new stake in Taiwan Semiconductor Manufacturing in the fourth quarter worth about $1,509,000. Quartz Partners LLC increased its position in Taiwan Semiconductor Manufacturing by 85.4% in the fourth quarter. Quartz Partners LLC now owns 2,477 shares of the semiconductor company’s stock worth $489,000 after buying an additional 1,141 shares in the last quarter. W.G. Shaheen & Associates DBA Whitney & Co increased its position in Taiwan Semiconductor Manufacturing by 2.0% in the fourth quarter. W.G. Shaheen & Associates DBA Whitney & Co now owns 35,820 shares of the semiconductor company’s stock worth $7,074,000 after buying an additional 687 shares in the last quarter. Wealthstream Advisors Inc. increased its position in Taiwan Semiconductor Manufacturing by 9.9% in the fourth quarter. Wealthstream Advisors Inc. now owns 5,439 shares of the semiconductor company’s stock worth $1,074,000 after buying an additional 492 shares in the last quarter. Finally, Crestwood Advisors Group LLC grew its position in shares of Taiwan Semiconductor Manufacturing by 46.2% during the fourth quarter. Crestwood Advisors Group LLC now owns 4,808 shares of the semiconductor company’s stock worth $950,000 after purchasing an additional 1,519 shares in the last quarter. Hedge funds and other institutional investors own 16.51% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on TSM. Barclays increased their target price 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. StockNews.com cut Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a research report on Tuesday, January 28th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $225.00 target price on shares of Taiwan Semiconductor Manufacturing in a research report on Tuesday, February 18th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, Taiwan Semiconductor Manufacturing presently has a consensus rating of “Moderate Buy” and an average target price of $220.00.

Taiwan Semiconductor Manufacturing Price Performance

Shares of Taiwan Semiconductor Manufacturing stock opened at $189.36 on Wednesday. The stock has a 50 day moving average of $205.36 and a 200 day moving average of $191.41. Taiwan Semiconductor Manufacturing Company Limited has a 12 month low of $125.78 and a 12 month high of $226.40. The firm has a market cap of $982.12 billion, a PE ratio of 26.90, a PEG ratio of 0.66 and a beta of 1.06. 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 EPS 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, research analysts expect 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 paid a dividend of $0.6855 per share. The ex-dividend date of this dividend is Thursday, June 12th. This is a positive change from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.55. This represents a $2.74 dividend on an annualized basis and a yield of 1.45%. Taiwan Semiconductor Manufacturing’s dividend payout ratio is presently 31.11%.

Taiwan Semiconductor Manufacturing Company 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.