Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) Stock Position Increased by LGT Capital Partners LTD.

LGT Capital Partners LTD. increased its holdings in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 6.1% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 1,648,910 shares of the semiconductor company’s stock after acquiring an additional 94,120 shares during the period. Taiwan Semiconductor Manufacturing makes up about 5.1% of LGT Capital Partners LTD.’s portfolio, making the stock its 5th largest holding. LGT Capital Partners LTD.’s holdings in Taiwan Semiconductor Manufacturing were worth $171,487,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of TSM. Baystate Wealth Management LLC lifted its holdings in Taiwan Semiconductor Manufacturing by 1,333.3% in the second quarter. Baystate Wealth Management LLC now owns 258 shares of the semiconductor company’s stock valued at $26,000 after acquiring an additional 240 shares during the last quarter. Financial Gravity Asset Management Inc. boosted its stake in shares of Taiwan Semiconductor Manufacturing by 208.9% in the third quarter. Financial Gravity Asset Management Inc. now owns 312 shares of the semiconductor company’s stock valued at $27,000 after purchasing an additional 211 shares during the period. MBM Wealth Consultants LLC purchased a new position in Taiwan Semiconductor Manufacturing in the 4th quarter valued at approximately $27,000. Carolinas Wealth Consulting LLC raised its stake in shares of Taiwan Semiconductor Manufacturing by 334.8% in the second quarter. Carolinas Wealth Consulting LLC now owns 287 shares of the semiconductor company’s stock valued at $29,000 after acquiring an additional 221 shares in the last quarter. Finally, PCA Investment Advisory Services Inc. purchased a new stake in Taiwan Semiconductor Manufacturing during the 2nd quarter worth about $29,000. Institutional investors and hedge funds own 16.51% of the company’s stock.

Taiwan Semiconductor Manufacturing Stock Down 0.5 %

Shares of NYSE:TSM opened at $136.05 on Friday. The firm has a market cap of $705.61 billion, a price-to-earnings ratio of 26.26, a PEG ratio of 1.04 and a beta of 1.15. Taiwan Semiconductor Manufacturing Company Limited has a 12-month low of $81.21 and a 12-month high of $158.40. The company has a current ratio of 2.40, a quick ratio of 2.13 and a debt-to-equity ratio of 0.26. The stock’s 50-day moving average price is $129.10 and its two-hundred day moving average price is $106.99.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last issued its earnings results on Thursday, January 18th. The semiconductor company reported $1.44 earnings per share for the quarter, topping the consensus estimate of $1.37 by $0.07. The business had revenue of $19.62 billion for the quarter, compared to analyst estimates of $18.99 billion. Taiwan Semiconductor Manufacturing had a return on equity of 25.24% and a net margin of 38.80%. On average, research analysts forecast that Taiwan Semiconductor Manufacturing Company Limited will post 6.16 EPS for the current year.

Taiwan Semiconductor Manufacturing Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 11th. Stockholders of record on Thursday, June 13th will be given a $0.4408 dividend. This represents a $1.76 annualized dividend and a dividend yield of 1.30%. The ex-dividend date of this dividend is Thursday, June 13th. Taiwan Semiconductor Manufacturing’s payout ratio is 33.78%.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on TSM. Barclays increased their price objective on Taiwan Semiconductor Manufacturing from $110.00 to $125.00 and gave the company an “overweight” rating in a report on Friday, January 19th. TD Cowen raised their price objective on shares of Taiwan Semiconductor Manufacturing from $85.00 to $95.00 and gave the stock a “market perform” rating in a research report on Friday, January 12th. Susquehanna upped their price target on Taiwan Semiconductor Manufacturing from $130.00 to $160.00 and gave the stock a “positive” rating in a research note on Tuesday, February 13th. StockNews.com raised Taiwan Semiconductor Manufacturing from a “hold” rating to a “buy” rating in a report on Friday, December 8th. Finally, Needham & Company LLC raised their target price on Taiwan Semiconductor Manufacturing from $115.00 to $133.00 and gave the company a “buy” rating in a report on Friday, January 19th. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $128.25.

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 complementary metal oxide silicon wafer fabrication processes to manufacture logic, mixed-signal, radio frequency, and embedded memory semiconductors.