Sit Investment Associates Inc. Purchases 639 Shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Sit Investment Associates Inc. lifted its position in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 3.3% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 20,214 shares of the semiconductor company’s stock after purchasing an additional 639 shares during the quarter. Sit Investment Associates Inc.’s holdings in Taiwan Semiconductor Manufacturing were worth $3,992,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Morse Asset Management Inc lifted its position in Taiwan Semiconductor Manufacturing by 120.7% during the 3rd quarter. Morse Asset Management Inc now owns 17,703 shares of the semiconductor company’s stock valued at $3,074,000 after acquiring an additional 9,683 shares during the period. Two Sigma Advisers LP lifted its holdings in shares of Taiwan Semiconductor Manufacturing by 1,391.8% during the third quarter. Two Sigma Advisers LP now owns 164,100 shares of the semiconductor company’s stock valued at $28,499,000 after purchasing an additional 153,100 shares during the last quarter. Weiss Asset Management LP purchased a new stake in shares of Taiwan Semiconductor Manufacturing in the 3rd quarter worth approximately $1,711,000. Kovitz Investment Group Partners LLC grew its stake in shares of Taiwan Semiconductor Manufacturing by 31.0% in the 3rd quarter. Kovitz Investment Group Partners LLC now owns 23,244 shares of the semiconductor company’s stock worth $3,697,000 after buying an additional 5,500 shares during the last quarter. Finally, EP Wealth Advisors LLC raised its stake in Taiwan Semiconductor Manufacturing by 19.1% during the third quarter. EP Wealth Advisors LLC now owns 25,612 shares of the semiconductor company’s stock valued at $4,448,000 after buying an additional 4,113 shares during the last quarter. 16.51% of the stock is owned by hedge funds and other institutional investors.

Taiwan Semiconductor Manufacturing Price Performance

TSM opened at $146.88 on Monday. The company’s 50-day simple moving average is $186.54 and its two-hundred day simple moving average is $192.44. The company has a debt-to-equity ratio of 0.24, a quick ratio of 2.30 and a current ratio of 2.57. The stock has a market capitalization of $761.76 billion, a P/E ratio of 20.86, a P/E/G ratio of 0.66 and a beta of 1.16. Taiwan Semiconductor Manufacturing Company Limited has a 52-week low of $125.78 and a 52-week high of $226.40.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last issued its quarterly earnings data 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%. As a group, analysts predict that Taiwan Semiconductor Manufacturing Company Limited will post 9.2 EPS for the current year.

Taiwan Semiconductor Manufacturing Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 10th. Stockholders of record on Thursday, June 12th will be paid a $0.6855 dividend. This is an increase from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.55. This represents a $2.74 dividend on an annualized basis and a dividend yield of 1.87%. The ex-dividend date is Thursday, June 12th. Taiwan Semiconductor Manufacturing’s dividend payout ratio (DPR) is 30.68%.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on TSM. 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. Barclays raised their price objective on shares of Taiwan Semiconductor Manufacturing from $240.00 to $255.00 and gave the company an “overweight” rating in a research note on Friday, January 17th. Finally, StockNews.com downgraded shares of Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a research note on Tuesday, January 28th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, Taiwan Semiconductor Manufacturing currently has a consensus rating of “Moderate Buy” and a consensus target price of $220.00.

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.