1,000 Shares in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) Purchased by Runnymede Capital Advisors Inc.

Runnymede Capital Advisors Inc. acquired a new position in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,000 shares of the semiconductor company’s stock, valued at approximately $197,000.

Several other institutional investors and hedge funds have also bought and sold shares of TSM. First Horizon Advisors Inc. lifted its position in Taiwan Semiconductor Manufacturing by 3.1% during the third quarter. First Horizon Advisors Inc. now owns 8,181 shares of the semiconductor company’s stock worth $1,421,000 after purchasing an additional 247 shares during the period. King Luther Capital Management Corp lifted its position in Taiwan Semiconductor Manufacturing by 1.5% during the third quarter. King Luther Capital Management Corp now owns 6,913 shares of the semiconductor company’s stock worth $1,201,000 after purchasing an additional 101 shares during the period. LPL Financial LLC lifted its position in Taiwan Semiconductor Manufacturing by 17.7% during the third quarter. LPL Financial LLC now owns 1,149,145 shares of the semiconductor company’s stock worth $199,572,000 after purchasing an additional 172,918 shares during the period. Smithfield Trust Co lifted its holdings in shares of Taiwan Semiconductor Manufacturing by 3.7% in the third quarter. Smithfield Trust Co now owns 5,738 shares of the semiconductor company’s stock worth $997,000 after acquiring an additional 203 shares during the last quarter. Finally, 49 Wealth Management LLC bought a new position in shares of Taiwan Semiconductor Manufacturing in the third quarter worth about $513,000. Institutional investors own 16.51% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on TSM shares. Barclays increased their target price on shares of Taiwan Semiconductor Manufacturing from $240.00 to $255.00 and gave the stock an “overweight” rating in a report on Friday, January 17th. Needham & Company LLC reissued a “buy” rating and issued a $225.00 target price on shares of Taiwan Semiconductor Manufacturing in a report on Tuesday, February 18th. Finally, StockNews.com cut shares of Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a report on Tuesday, January 28th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $220.00.

Taiwan Semiconductor Manufacturing Stock Performance

Taiwan Semiconductor Manufacturing stock opened at $176.58 on Friday. The business has a 50 day moving average of $195.68 and a 200-day moving average of $191.89. Taiwan Semiconductor Manufacturing Company Limited has a 1 year low of $125.78 and a 1 year high of $226.40. 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 $915.81 billion, a P/E ratio of 25.08, a P/E/G ratio of 0.66 and a beta of 1.13.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last released its earnings results on Thursday, January 16th. The semiconductor company reported $2.24 earnings per share for the quarter, beating analysts’ consensus estimates of $2.16 by $0.08. Taiwan Semiconductor Manufacturing had a net margin of 40.51% and a return on equity of 30.47%. On average, equities research analysts predict that Taiwan Semiconductor Manufacturing Company Limited will post 9.2 earnings per share for the current year.

Taiwan Semiconductor Manufacturing Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 10th. Shareholders of record on Thursday, June 12th will be given a dividend of $0.6855 per share. This represents a $2.74 dividend on an annualized basis and a yield of 1.55%. The ex-dividend date of this dividend is Thursday, June 12th. This is an increase from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.55. Taiwan Semiconductor Manufacturing’s dividend payout ratio is currently 30.68%.

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.