Rice Partnership LLC Takes $205,000 Position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Rice Partnership LLC purchased a new stake in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 1,037 shares of the semiconductor company’s stock, valued at approximately $205,000.

Other large investors have also modified their holdings of the company. Lazari Capital Management Inc. lifted its stake in Taiwan Semiconductor Manufacturing by 29.3% during the 4th quarter. Lazari Capital Management Inc. now owns 1,883 shares of the semiconductor company’s stock worth $372,000 after acquiring an additional 427 shares in the last quarter. Resonant Capital Advisors LLC lifted its stake in Taiwan Semiconductor Manufacturing by 4.1% during the 4th quarter. Resonant Capital Advisors LLC now owns 3,263 shares of the semiconductor company’s stock worth $646,000 after acquiring an additional 129 shares in the last quarter. Princeton Global Asset Management LLC lifted its stake in Taiwan Semiconductor Manufacturing by 1.9% during the 4th quarter. Princeton Global Asset Management LLC now owns 103,932 shares of the semiconductor company’s stock worth $20,526,000 after acquiring an additional 1,973 shares in the last quarter. Oregon Pacific Wealth Management LLC acquired a new position in Taiwan Semiconductor Manufacturing during the 4th quarter worth about $574,000. Finally, Chicago Capital LLC lifted its stake in Taiwan Semiconductor Manufacturing by 1.0% during the 4th quarter. Chicago Capital LLC now owns 383,373 shares of the semiconductor company’s stock worth $75,712,000 after acquiring an additional 3,739 shares in the last quarter. Institutional investors and hedge funds own 16.51% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently issued reports on TSM. Susquehanna reissued a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a research note on Friday, October 18th. Barclays increased their target price on Taiwan Semiconductor Manufacturing from $240.00 to $255.00 and gave the stock an “overweight” rating in a research note on Friday, January 17th. Needham & Company LLC reissued a “buy” rating and set a $225.00 target price on shares of Taiwan Semiconductor Manufacturing in a research note on Thursday, January 16th. Finally, StockNews.com downgraded Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a report on Tuesday, January 28th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $220.00.

Taiwan Semiconductor Manufacturing Price Performance

Shares of NYSE TSM opened at $209.28 on Monday. The stock’s 50-day moving average is $202.44 and its two-hundred day moving average is $186.43. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.57 and a quick ratio of 2.30. 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 price-to-earnings ratio of 29.73, a price-to-earnings-growth ratio of 0.69 and a beta of 1.06.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last issued its quarterly earnings results on Thursday, January 16th. The semiconductor company reported $2.24 earnings per share for the quarter, topping 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%. Analysts forecast that Taiwan Semiconductor Manufacturing Company Limited will post 9.12 EPS 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. Stockholders of record on Tuesday, March 18th will be issued a $0.5484 dividend. The ex-dividend date is Tuesday, March 18th. This represents a $2.19 dividend on an annualized basis and a dividend yield of 1.05%. This is an increase from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. Taiwan Semiconductor Manufacturing’s dividend payout ratio is presently 27.27%.

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.