Bailard Inc. Buys 26,253 Shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Bailard Inc. grew its stake in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 135.9% during the 4th quarter, Holdings Channel.com reports. The firm owned 45,573 shares of the semiconductor company’s stock after acquiring an additional 26,253 shares during the period. Bailard Inc.’s holdings in Taiwan Semiconductor Manufacturing were worth $4,740,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of TSM. Financial Gravity Asset Management Inc. lifted its holdings 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 worth $27,000 after acquiring an additional 211 shares during the last quarter. Farmers & Merchants Investments Inc. bought a new position in shares of Taiwan Semiconductor Manufacturing in the fourth quarter worth about $31,000. Creative Financial Designs Inc. ADV lifted its holdings in shares of Taiwan Semiconductor Manufacturing by 108.7% in the fourth quarter. Creative Financial Designs Inc. ADV now owns 311 shares of the semiconductor company’s stock worth $32,000 after acquiring an additional 162 shares during the last quarter. Baystate Wealth Management LLC raised its holdings in Taiwan Semiconductor Manufacturing by 53.5% in the 3rd quarter. Baystate Wealth Management LLC now owns 396 shares of the semiconductor company’s stock valued at $34,000 after buying an additional 138 shares during the last quarter. Finally, Tennessee Valley Asset Management Partners bought a new position in Taiwan Semiconductor Manufacturing in the 4th quarter valued at approximately $37,000. 16.51% of the stock is owned by institutional investors.

Taiwan Semiconductor Manufacturing Trading Up 3.4 %

Shares of Taiwan Semiconductor Manufacturing stock traded up $4.49 during midday trading on Thursday, reaching $137.46. 14,350,674 shares of the company’s stock traded hands, compared to its average volume of 15,842,698. The company has a debt-to-equity ratio of 0.27, a quick ratio of 2.06 and a current ratio of 2.33. The company has a market cap of $712.92 billion, a PE ratio of 25.38, a price-to-earnings-growth ratio of 0.95 and a beta of 1.15. The stock has a 50 day moving average of $136.68 and a 200-day moving average of $114.15. Taiwan Semiconductor Manufacturing Company Limited has a 12 month low of $81.21 and a 12 month high of $158.40.

Taiwan Semiconductor Manufacturing Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 11th. Stockholders of record on Thursday, June 13th will be paid a $0.4408 dividend. This represents a $1.76 dividend on an annualized basis and a dividend yield of 1.28%. The ex-dividend date is Thursday, June 13th. Taiwan Semiconductor Manufacturing’s payout ratio is presently 32.76%.

Analysts Set New Price Targets

TSM has been the subject of a number of research reports. TD Cowen raised their price objective on shares of Taiwan Semiconductor Manufacturing from $100.00 to $130.00 and gave the company a “hold” rating in a report on Thursday, April 18th. Barclays raised their price objective on shares of Taiwan Semiconductor Manufacturing from $145.00 to $150.00 and gave the stock an “overweight” rating in a research report on Friday, April 19th. StockNews.com raised shares of Taiwan Semiconductor Manufacturing from a “hold” rating to a “buy” rating in a research report on Thursday, April 11th. Needham & Company LLC reaffirmed a “buy” rating and set a $168.00 price objective on shares of Taiwan Semiconductor Manufacturing in a research report on Thursday, April 18th. Finally, Susquehanna lifted their price target on shares of Taiwan Semiconductor Manufacturing from $160.00 to $180.00 and gave the company a “positive” rating in a research report on Tuesday, April 2nd. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, Taiwan Semiconductor Manufacturing presently has an average rating of “Moderate Buy” and a consensus price target of $157.00.

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.