Holderness Investments Co. Takes Position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Holderness Investments Co. acquired a new position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) in the 4th quarter, HoldingsChannel.com reports. The fund acquired 1,112 shares of the semiconductor company’s stock, valued at approximately $220,000.

Other institutional investors have also recently made changes to their positions in the company. Whittier Trust Co. boosted its position in shares of Taiwan Semiconductor Manufacturing by 16.8% in the fourth quarter. Whittier Trust Co. now owns 49,579 shares of the semiconductor company’s stock valued at $9,791,000 after acquiring an additional 7,136 shares during the period. Northwest & Ethical Investments L.P. lifted its stake in Taiwan Semiconductor Manufacturing by 472.4% in the 4th quarter. Northwest & Ethical Investments L.P. now owns 75,979 shares of the semiconductor company’s stock worth $15,005,000 after purchasing an additional 62,705 shares in the last quarter. Berkshire Capital Holdings Inc. boosted its holdings in Taiwan Semiconductor Manufacturing by 27.2% in the 4th quarter. Berkshire Capital Holdings Inc. now owns 84,360 shares of the semiconductor company’s stock valued at $16,660,000 after purchasing an additional 18,030 shares during the period. iA Global Asset Management Inc. increased its stake in Taiwan Semiconductor Manufacturing by 21.6% in the 4th quarter. iA Global Asset Management Inc. now owns 82,812 shares of the semiconductor company’s stock worth $16,355,000 after acquiring an additional 14,710 shares during the last quarter. Finally, Talos Asset Management LP purchased a new stake in Taiwan Semiconductor Manufacturing in the fourth quarter valued at approximately $44,040,000. Hedge funds and other institutional investors own 16.51% of the company’s stock.

Taiwan Semiconductor Manufacturing Stock Performance

Taiwan Semiconductor Manufacturing stock opened at $176.58 on Friday. The firm has a fifty day simple moving average of $195.68 and a two-hundred day simple moving average of $191.89. Taiwan Semiconductor Manufacturing Company Limited has a twelve month low of $125.78 and a twelve month high of $226.40. The company has a market capitalization of $915.81 billion, a PE ratio of 25.08, a P/E/G ratio of 0.66 and a beta of 1.13. The company has a quick ratio of 2.30, a current ratio of 2.57 and a debt-to-equity ratio of 0.24.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last announced its quarterly earnings results on Thursday, January 16th. The semiconductor company reported $2.24 EPS for the quarter, topping 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%. Research analysts expect that Taiwan Semiconductor Manufacturing Company Limited will post 9.2 EPS for the current year.

Taiwan Semiconductor Manufacturing Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 10th. Investors of record on Thursday, June 12th will be issued 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 is Thursday, June 12th. This is an increase from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.55. Taiwan Semiconductor Manufacturing’s payout ratio is currently 30.68%.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on TSM. Barclays increased their price target 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. StockNews.com downgraded Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a research report on Tuesday, January 28th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $225.00 price objective on shares of Taiwan Semiconductor Manufacturing in a report on Tuesday, February 18th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $220.00.

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.