Bank of Jackson Hole Trust Buys New Shares in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Bank of Jackson Hole Trust bought a new stake in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 319 shares of the semiconductor company’s stock, valued at approximately $63,000.

Several other institutional investors have also recently added to or reduced their stakes in the business. Callahan Advisors LLC increased its stake in Taiwan Semiconductor Manufacturing by 23.4% in the fourth quarter. Callahan Advisors LLC now owns 10,319 shares of the semiconductor company’s stock valued at $2,038,000 after purchasing an additional 1,959 shares during the last quarter. Schubert & Co acquired a new position in Taiwan Semiconductor Manufacturing in the fourth quarter valued at $244,000. Davidson Investment Advisors acquired a new position in Taiwan Semiconductor Manufacturing in the fourth quarter valued at $18,958,000. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors grew its position in Taiwan Semiconductor Manufacturing by 23.3% during the fourth quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors now owns 1,895 shares of the semiconductor company’s stock valued at $374,000 after acquiring an additional 358 shares during the period. Finally, Key Financial Inc grew its position in Taiwan Semiconductor Manufacturing by 11.2% during the fourth quarter. Key Financial Inc now owns 815 shares of the semiconductor company’s stock valued at $161,000 after acquiring an additional 82 shares during the period. 16.51% of the stock is currently owned by institutional investors and hedge funds.

Taiwan Semiconductor Manufacturing Price Performance

Shares of NYSE TSM opened at $200.88 on Thursday. Taiwan Semiconductor Manufacturing Company Limited has a 1-year low of $122.91 and a 1-year high of $226.40. The business has a 50-day moving average of $205.68 and a 200-day moving average of $190.15. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.57 and a quick ratio of 2.30. The company has a market capitalization of $1.04 trillion, a price-to-earnings ratio of 28.53, a PEG ratio of 0.67 and a beta of 1.06.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last issued its 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%. On average, equities analysts anticipate that Taiwan Semiconductor Manufacturing Company Limited will post 9.2 EPS for the current fiscal year.

Taiwan Semiconductor Manufacturing Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 10th. Stockholders of record on Thursday, June 12th will be given a $0.6855 dividend. This is an increase from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.55. The ex-dividend date of this dividend is Thursday, June 12th. This represents a $2.74 annualized dividend and a dividend yield of 1.36%. Taiwan Semiconductor Manufacturing’s dividend payout ratio is presently 27.27%.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the company. Barclays boosted their price target on Taiwan Semiconductor Manufacturing from $240.00 to $255.00 and gave the company an “overweight” rating in a research report on Friday, January 17th. StockNews.com downgraded Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a research 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 report on Tuesday. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average 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.