Foundations Investment Advisors LLC Acquires 2,143 Shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Foundations Investment Advisors LLC lifted its holdings in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 9.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 25,197 shares of the semiconductor company’s stock after purchasing an additional 2,143 shares during the period. Foundations Investment Advisors LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $4,976,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. ProShare Advisors LLC raised its position in shares of Taiwan Semiconductor Manufacturing by 25.2% during the second quarter. ProShare Advisors LLC now owns 1,935 shares of the semiconductor company’s stock worth $336,000 after acquiring an additional 390 shares during the last quarter. Lighthouse Investment Partners LLC bought a new position in Taiwan Semiconductor Manufacturing during the 2nd quarter worth approximately $362,000. Ascent Group LLC raised its holdings in Taiwan Semiconductor Manufacturing by 11.8% during the 2nd quarter. Ascent Group LLC now owns 4,993 shares of the semiconductor company’s stock worth $868,000 after purchasing an additional 525 shares during the last quarter. Magnolia Capital Advisors LLC acquired a new position in shares of Taiwan Semiconductor Manufacturing in the 2nd quarter worth approximately $450,000. Finally, Silver Lake Advisory LLC bought a new stake in shares of Taiwan Semiconductor Manufacturing in the 2nd quarter valued at $535,000. Institutional investors own 16.51% of the company’s stock.

Taiwan Semiconductor Manufacturing Stock Down 13.1 %

Shares of NYSE:TSM opened at $192.72 on Tuesday. The stock has a market cap of $999.52 billion, a price-to-earnings ratio of 27.38, a PEG ratio of 0.74 and a beta of 1.07. The business’s 50 day moving average is $201.07 and its 200 day moving average is $185.72. Taiwan Semiconductor Manufacturing Company Limited has a 12-month low of $112.61 and a 12-month high of $226.40. 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 posted its 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%. On average, sell-side analysts forecast that Taiwan Semiconductor Manufacturing Company Limited will post 9.12 earnings per share for the current fiscal year.

Taiwan Semiconductor Manufacturing Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 10th. Shareholders of record on Tuesday, March 18th will be paid a $0.5484 dividend. This represents a $2.19 dividend on an annualized basis and a yield of 1.14%. The ex-dividend date is Tuesday, March 18th. This is an increase from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. Taiwan Semiconductor Manufacturing’s dividend payout ratio is 27.27%.

Analysts Set New Price Targets

A number of analysts have commented on the stock. Barclays upped 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 report on Friday, January 17th. StockNews.com cut Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a report on Tuesday. Susquehanna reiterated a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a research report on Friday, October 18th. Finally, Needham & Company LLC restated a “buy” rating and issued a $225.00 price target on shares of Taiwan Semiconductor Manufacturing in a report on Thursday, January 16th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target 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.