Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) Shares Acquired by MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH

MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH increased its holdings in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 7.0% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 38,466 shares of the semiconductor company’s stock after acquiring an additional 2,518 shares during the period. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH’s holdings in Taiwan Semiconductor Manufacturing were worth $7,708,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Cornerstone Wealth Management LLC lifted its holdings in Taiwan Semiconductor Manufacturing by 4.4% during the fourth quarter. Cornerstone Wealth Management LLC now owns 7,121 shares of the semiconductor company’s stock valued at $1,406,000 after purchasing an additional 297 shares in the last quarter. Brighton Jones LLC raised its holdings in shares of Taiwan Semiconductor Manufacturing by 20.9% during the fourth quarter. Brighton Jones LLC now owns 10,930 shares of the semiconductor company’s stock valued at $2,159,000 after acquiring an additional 1,892 shares during the last quarter. Montecito Bank & Trust raised its holdings in shares of Taiwan Semiconductor Manufacturing by 14.7% during the fourth quarter. Montecito Bank & Trust now owns 11,721 shares of the semiconductor company’s stock valued at $2,315,000 after acquiring an additional 1,500 shares during the last quarter. Cerro Pacific Wealth Advisors LLC lifted its position in shares of Taiwan Semiconductor Manufacturing by 28.2% in the fourth quarter. Cerro Pacific Wealth Advisors LLC now owns 2,313 shares of the semiconductor company’s stock valued at $457,000 after acquiring an additional 509 shares in the last quarter. Finally, New Century Financial Group LLC increased its position in shares of Taiwan Semiconductor Manufacturing by 188.0% during the fourth quarter. New Century Financial Group LLC now owns 8,057 shares of the semiconductor company’s stock worth $1,681,000 after purchasing an additional 5,259 shares in the last quarter. Institutional investors and hedge funds own 16.51% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the company. Needham & Company LLC restated a “buy” rating and issued a $225.00 price objective on shares of Taiwan Semiconductor Manufacturing in a report on Thursday, January 16th. Barclays boosted their price target 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. StockNews.com upgraded shares of Taiwan Semiconductor Manufacturing from a “hold” rating to a “buy” rating in a report on Monday. Finally, Susquehanna restated a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a report on Friday, October 18th. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, Taiwan Semiconductor Manufacturing has a consensus rating of “Moderate Buy” and a consensus price target of $220.00.

Taiwan Semiconductor Manufacturing Price Performance

Taiwan Semiconductor Manufacturing stock opened at $224.36 on Friday. The company has a current ratio of 2.57, a quick ratio of 2.30 and a debt-to-equity ratio of 0.24. The stock has a market cap of $1.16 trillion, a P/E ratio of 31.87, a PEG ratio of 0.74 and a beta of 1.07. The company has a 50-day moving average price of $199.64 and a 200 day moving average price of $185.24. Taiwan Semiconductor Manufacturing Company Limited has a 12-month low of $112.61 and a 12-month high of $225.43.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last released its quarterly earnings results on Thursday, January 16th. The semiconductor company reported $2.24 EPS for the quarter, beating the consensus estimate of $2.16 by $0.08. Taiwan Semiconductor Manufacturing had a net margin of 40.51% and a return on equity of 30.47%. Sell-side analysts anticipate that Taiwan Semiconductor Manufacturing Company Limited will post 9.12 earnings per share for the current year.

Taiwan Semiconductor Manufacturing Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 10th. Stockholders of record on Tuesday, March 18th will be issued a dividend of $0.5484 per share. The ex-dividend date of this dividend is Tuesday, March 18th. This is a boost from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. This represents a $2.19 dividend on an annualized basis and a dividend yield of 0.98%. Taiwan Semiconductor Manufacturing’s dividend payout ratio is currently 27.27%.

Taiwan Semiconductor Manufacturing 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.