Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) Shares Sold by Legal Advantage Investments Inc.

Legal Advantage Investments Inc. decreased its position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 1.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 9,010 shares of the semiconductor company’s stock after selling 100 shares during the period. Legal Advantage Investments Inc.’s holdings in Taiwan Semiconductor Manufacturing were worth $1,779,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of TSM. FWG Holdings LLC grew its holdings in Taiwan Semiconductor Manufacturing by 1.6% during the third quarter. FWG Holdings LLC now owns 3,106 shares of the semiconductor company’s stock valued at $539,000 after purchasing an additional 50 shares during the period. Elmwood Wealth Management Inc. grew its holdings in Taiwan Semiconductor Manufacturing by 3.7% during the fourth quarter. Elmwood Wealth Management Inc. now owns 1,405 shares of the semiconductor company’s stock valued at $277,000 after purchasing an additional 50 shares during the period. Gilman Hill Asset Management LLC grew its holdings in Taiwan Semiconductor Manufacturing by 3.3% during the fourth quarter. Gilman Hill Asset Management LLC now owns 1,614 shares of the semiconductor company’s stock valued at $319,000 after purchasing an additional 52 shares during the period. Mitchell Mcleod Pugh & Williams Inc. grew its holdings in Taiwan Semiconductor Manufacturing by 2.3% during the fourth quarter. Mitchell Mcleod Pugh & Williams Inc. now owns 2,469 shares of the semiconductor company’s stock valued at $488,000 after purchasing an additional 55 shares during the period. Finally, Defender Capital LLC. grew its holdings in Taiwan Semiconductor Manufacturing by 3.7% during the third quarter. Defender Capital LLC. now owns 1,565 shares of the semiconductor company’s stock valued at $272,000 after purchasing an additional 56 shares during the period. Institutional investors own 16.51% of the company’s stock.

Taiwan Semiconductor Manufacturing Stock Performance

Shares of TSM stock opened at $211.52 on Tuesday. The company’s fifty day simple moving average is $198.02 and its 200-day simple moving average is $184.52. The company has a quick ratio of 2.30, a current ratio of 2.57 and a debt-to-equity ratio of 0.24. The firm has a market cap of $1.10 trillion, a PE ratio of 30.05, a P/E/G ratio of 0.71 and a beta of 1.07. Taiwan Semiconductor Manufacturing Company Limited has a 12 month low of $109.48 and a 12 month high of $222.20.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last posted its quarterly earnings results on Thursday, January 16th. The semiconductor company reported $2.24 earnings per share (EPS) for the quarter, topping 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%. Equities research analysts expect that Taiwan Semiconductor Manufacturing Company Limited will post 8.98 EPS for the current fiscal year.

Taiwan Semiconductor Manufacturing Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 10th. Shareholders of record on Tuesday, March 18th will be given a dividend of $0.5484 per share. This is a positive change from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. This represents a $2.19 annualized dividend and a yield of 1.04%. The ex-dividend date is Tuesday, March 18th. Taiwan Semiconductor Manufacturing’s dividend payout ratio is 27.27%.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the stock. Needham & Company LLC restated a “buy” rating and set a $225.00 price objective on shares of Taiwan Semiconductor Manufacturing in a report on Thursday, January 16th. StockNews.com raised shares of Taiwan Semiconductor Manufacturing from a “hold” rating to a “buy” rating in a research note on Monday. Barclays lifted their price target 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. Finally, Susquehanna reaffirmed a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a research note on Friday, October 18th. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $220.00.

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.