Montrusco Bolton Investments Inc. Invests $11.96 Million in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Montrusco Bolton Investments Inc. acquired a new position in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 68,859 shares of the semiconductor company’s stock, valued at approximately $11,959,000.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Nwam LLC acquired a new position in shares of Taiwan Semiconductor Manufacturing during the 3rd quarter worth about $4,877,000. Meridian Wealth Management LLC acquired a new position in shares of Taiwan Semiconductor Manufacturing during the 3rd quarter worth about $4,657,000. Icon Wealth Advisors LLC boosted its position in shares of Taiwan Semiconductor Manufacturing by 232.9% during the 3rd quarter. Icon Wealth Advisors LLC now owns 10,141 shares of the semiconductor company’s stock worth $1,761,000 after acquiring an additional 7,095 shares in the last quarter. GM Advisory Group LLC lifted its holdings in shares of Taiwan Semiconductor Manufacturing by 2.0% in the 3rd quarter. GM Advisory Group LLC now owns 10,455 shares of the semiconductor company’s stock valued at $1,816,000 after purchasing an additional 208 shares during the last quarter. Finally, Raymond James Trust N.A. lifted its holdings in shares of Taiwan Semiconductor Manufacturing by 14.8% in the 3rd quarter. Raymond James Trust N.A. now owns 34,595 shares of the semiconductor company’s stock valued at $6,008,000 after purchasing an additional 4,470 shares during the last quarter. 16.51% of the stock is owned by institutional investors and hedge funds.

Taiwan Semiconductor Manufacturing Stock Down 0.6 %

TSM opened at $190.02 on Friday. The business has a 50 day moving average price of $187.92 and a two-hundred day moving average price of $173.68. 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 company has a market cap of $985.52 billion, a PE ratio of 30.45, a P/E/G ratio of 0.88 and a beta of 1.12. Taiwan Semiconductor Manufacturing Company Limited has a 52 week low of $95.25 and a 52 week high of $212.60.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last posted its quarterly earnings data on Thursday, October 17th. The semiconductor company reported $1.94 EPS for the quarter, beating the consensus estimate of $1.74 by $0.20. The firm had revenue of $23.50 billion during the quarter, compared to the consensus estimate of $22.72 billion. Taiwan Semiconductor Manufacturing had a return on equity of 27.44% and a net margin of 39.10%. As a group, research analysts anticipate that Taiwan Semiconductor Manufacturing Company Limited will post 6.95 EPS for the current year.

Taiwan Semiconductor Manufacturing Increases Dividend

The firm also recently announced 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 boost from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. The ex-dividend date of this dividend is Tuesday, March 18th. This represents a $2.19 annualized dividend and a yield of 1.15%. Taiwan Semiconductor Manufacturing’s payout ratio is presently 31.57%.

Analyst Ratings Changes

Several analysts have recently weighed in on the company. Needham & Company LLC reissued a “buy” rating and issued a $210.00 target price on shares of Taiwan Semiconductor Manufacturing in a report on Thursday, October 17th. Susquehanna reissued a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a report on Friday, October 18th. StockNews.com downgraded Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a report on Sunday, November 17th. Finally, Barclays boosted their target price on Taiwan Semiconductor Manufacturing from $215.00 to $240.00 and gave the company an “overweight” rating in a report on Monday, November 18th. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, Taiwan Semiconductor Manufacturing has an average rating of “Moderate Buy” and an average price target of $214.00.

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.