Prudent Investors Network Inc. Makes New Investment in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Prudent Investors Network Inc. acquired a new stake in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 2,015 shares of the semiconductor company’s stock, valued at approximately $398,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Rice Partnership LLC acquired a new position in Taiwan Semiconductor Manufacturing during the fourth quarter worth $205,000. Lazari Capital Management Inc. lifted its position in shares of Taiwan Semiconductor Manufacturing by 29.3% during the fourth quarter. Lazari Capital Management Inc. now owns 1,883 shares of the semiconductor company’s stock worth $372,000 after purchasing an additional 427 shares in the last quarter. Resonant Capital Advisors LLC raised its holdings in Taiwan Semiconductor Manufacturing by 4.1% in the fourth quarter. Resonant Capital Advisors LLC now owns 3,263 shares of the semiconductor company’s stock valued at $646,000 after acquiring an additional 129 shares in the last quarter. Princeton Global Asset Management LLC increased its position in shares of Taiwan Semiconductor Manufacturing by 1.9% during the fourth quarter. Princeton Global Asset Management LLC now owns 103,932 shares of the semiconductor company’s stock worth $20,526,000 after purchasing an additional 1,973 shares in the last quarter. Finally, Oregon Pacific Wealth Management LLC acquired a new position in Taiwan Semiconductor Manufacturing in the 4th quarter valued at about $574,000. Institutional investors own 16.51% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the stock. Susquehanna reissued a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a research report on Friday, October 18th. StockNews.com cut Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a report on Tuesday, January 28th. Needham & Company LLC restated a “buy” rating and issued a $225.00 price target on shares of Taiwan Semiconductor Manufacturing in a research report on Thursday, January 16th. Finally, Barclays lifted their price objective on shares of Taiwan Semiconductor Manufacturing from $240.00 to $255.00 and gave the stock an “overweight” rating in a research report on Friday, January 17th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Taiwan Semiconductor Manufacturing presently has an average rating of “Moderate Buy” and an average price target of $220.00.

Taiwan Semiconductor Manufacturing Price Performance

Shares of TSM stock opened at $209.28 on Monday. Taiwan Semiconductor Manufacturing Company Limited has a 1-year low of $112.61 and a 1-year high of $226.40. The company has a market cap of $1.09 trillion, a P/E ratio of 29.73, a PEG ratio of 0.69 and a beta of 1.06. 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 stock’s 50-day moving average is $202.44 and its 200 day moving average is $186.43.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last posted its quarterly earnings data on Thursday, January 16th. The semiconductor company reported $2.24 EPS for the quarter, beating the consensus estimate 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 predict that Taiwan Semiconductor Manufacturing Company Limited will post 9.12 earnings per share for the current fiscal year.

Taiwan Semiconductor Manufacturing Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 10th. Stockholders of record on Tuesday, March 18th will be issued a dividend of $0.5484 per share. This is a positive change from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. The ex-dividend date is Tuesday, March 18th. This represents a $2.19 annualized dividend and a dividend yield of 1.05%. Taiwan Semiconductor Manufacturing’s dividend payout ratio (DPR) is presently 27.27%.

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.