Jones Financial Companies Lllp Increases Holdings in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Jones Financial Companies Lllp increased its holdings in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 65.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 59,115 shares of the semiconductor company’s stock after purchasing an additional 23,286 shares during the quarter. Jones Financial Companies Lllp’s holdings in Taiwan Semiconductor Manufacturing were worth $11,675,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in TSM. SRS Capital Advisors Inc. grew its holdings in Taiwan Semiconductor Manufacturing by 10.7% during the 4th quarter. SRS Capital Advisors Inc. now owns 5,698 shares of the semiconductor company’s stock valued at $1,125,000 after buying an additional 553 shares in the last quarter. Firetrail Investments PTY Ltd. boosted its position in shares of Taiwan Semiconductor Manufacturing by 8.3% during the fourth quarter. Firetrail Investments PTY Ltd. now owns 106,368 shares of the semiconductor company’s stock worth $21,083,000 after acquiring an additional 8,136 shares during the last quarter. Halbert Hargrove Global Advisors LLC purchased a new position in Taiwan Semiconductor Manufacturing during the fourth quarter valued at $68,000. Bailard Inc. lifted its stake in Taiwan Semiconductor Manufacturing by 0.3% in the 4th quarter. Bailard Inc. now owns 141,561 shares of the semiconductor company’s stock worth $27,957,000 after purchasing an additional 487 shares in the last quarter. Finally, Norden Group LLC boosted its holdings in shares of Taiwan Semiconductor Manufacturing by 86.2% during the 4th quarter. Norden Group LLC now owns 5,300 shares of the semiconductor company’s stock valued at $1,047,000 after purchasing an additional 2,454 shares during the last quarter. Institutional investors own 16.51% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently weighed in on TSM. StockNews.com cut Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a report on Tuesday, January 28th. Needham & Company LLC restated a “buy” rating and set a $225.00 price target on shares of Taiwan Semiconductor Manufacturing in a report on Tuesday, February 18th. Finally, Barclays upped their price objective on Taiwan Semiconductor Manufacturing from $240.00 to $255.00 and gave the stock an “overweight” rating in a report on Friday, January 17th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $220.00.

Taiwan Semiconductor Manufacturing Stock Down 4.2 %

Shares of NYSE TSM opened at $173.00 on Tuesday. The stock has a market capitalization of $897.25 billion, a price-to-earnings ratio of 24.57, a P/E/G ratio of 0.66 and a beta of 1.06. Taiwan Semiconductor Manufacturing Company Limited has a 12-month low of $125.78 and a 12-month high of $226.40. 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 firm’s 50-day moving average price is $204.06 and its 200-day moving average price is $191.73.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last issued its quarterly earnings data on Thursday, January 16th. The semiconductor company reported $2.24 earnings per share (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, equities research analysts anticipate 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 disclosed a quarterly dividend, which will be paid on Thursday, July 10th. Shareholders of record on Thursday, June 12th will be paid a dividend of $0.6855 per share. This represents a $2.74 annualized dividend and a yield of 1.58%. This is a positive change from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.55. The ex-dividend date is Thursday, June 12th. Taiwan Semiconductor Manufacturing’s 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.