Summit Trail Advisors LLC Acquires 1,311 Shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Summit Trail Advisors LLC raised its holdings in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 51.9% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 3,839 shares of the semiconductor company’s stock after buying an additional 1,311 shares during the period. Summit Trail Advisors LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $669,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Van ECK Associates Corp lifted its holdings in Taiwan Semiconductor Manufacturing by 0.7% during the 3rd quarter. Van ECK Associates Corp now owns 18,289,993 shares of the semiconductor company’s stock valued at $3,176,423,000 after buying an additional 122,828 shares in the last quarter. WCM Investment Management LLC raised its stake in shares of Taiwan Semiconductor Manufacturing by 14.1% during the third quarter. WCM Investment Management LLC now owns 9,738,181 shares of the semiconductor company’s stock valued at $1,733,104,000 after acquiring an additional 1,206,359 shares in the last quarter. PineStone Asset Management Inc. boosted its holdings in shares of Taiwan Semiconductor Manufacturing by 116.3% in the second quarter. PineStone Asset Management Inc. now owns 7,784,316 shares of the semiconductor company’s stock valued at $1,352,992,000 after purchasing an additional 4,186,133 shares during the period. American Century Companies Inc. grew its stake in Taiwan Semiconductor Manufacturing by 2.9% in the second quarter. American Century Companies Inc. now owns 4,519,925 shares of the semiconductor company’s stock worth $785,608,000 after purchasing an additional 128,078 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC increased its holdings in Taiwan Semiconductor Manufacturing by 2.0% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 4,082,765 shares of the semiconductor company’s stock worth $709,054,000 after purchasing an additional 80,101 shares during the period. Hedge funds and other institutional investors own 16.51% of the company’s stock.

Analysts Set New Price Targets

TSM has been the topic of a number of recent research reports. Barclays increased their price target on Taiwan Semiconductor Manufacturing from $215.00 to $240.00 and gave the stock an “overweight” rating in a research report on Monday, November 18th. StockNews.com cut shares of Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a report on Sunday, November 17th. Susquehanna restated a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a report on Friday, October 18th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $210.00 price objective on shares of Taiwan Semiconductor Manufacturing in a research note on Thursday, October 17th. Two research 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, the company presently has an average rating of “Moderate Buy” and an average target price of $214.00.

Taiwan Semiconductor Manufacturing Stock Down 2.7 %

Shares of Taiwan Semiconductor Manufacturing stock opened at $184.99 on Tuesday. 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 $959.43 billion, a P/E ratio of 29.65, a PEG ratio of 0.88 and a beta of 1.12. The firm’s 50 day moving average price is $188.24 and its 200-day moving average price is $174.42. 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 issued 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. Taiwan Semiconductor Manufacturing had a return on equity of 27.44% and a net margin of 39.10%. The firm had revenue of $23.50 billion during the quarter, compared to analyst estimates of $22.72 billion. On average, sell-side analysts predict that Taiwan Semiconductor Manufacturing Company Limited will post 6.95 EPS for the current fiscal year.

Taiwan Semiconductor Manufacturing Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 10th. Stockholders of record on Tuesday, March 18th will be paid 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 dividend on an annualized basis and a dividend yield of 1.19%. Taiwan Semiconductor Manufacturing’s payout ratio is presently 31.57%.

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.