Vest Financial LLC Buys 2,789 Shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Vest Financial LLC lifted its holdings in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 35.3% during the fourth quarter, Holdings Channel reports. The institutional investor owned 10,692 shares of the semiconductor company’s stock after acquiring an additional 2,789 shares during the quarter. Vest Financial LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $2,112,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. SOA Wealth Advisors LLC. raised its holdings in shares of Taiwan Semiconductor Manufacturing by 24.3% during the fourth quarter. SOA Wealth Advisors LLC. now owns 1,832 shares of the semiconductor company’s stock valued at $362,000 after purchasing an additional 358 shares during the last quarter. Generate Investment Management Ltd boosted its stake in shares of Taiwan Semiconductor Manufacturing by 90.4% in the 4th quarter. Generate Investment Management Ltd now owns 193,676 shares of the semiconductor company’s stock worth $38,249,000 after buying an additional 91,977 shares during the last quarter. Triasima Portfolio Management inc. bought a new stake in shares of Taiwan Semiconductor Manufacturing in the fourth quarter worth $2,417,000. Golden State Wealth Management LLC purchased a new stake in Taiwan Semiconductor Manufacturing during the fourth quarter valued at $305,000. Finally, FFG Partners LLC bought a new position in Taiwan Semiconductor Manufacturing in the fourth quarter valued at about $205,000. 16.51% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

TSM has been the subject of several research reports. Needham & Company LLC reaffirmed a “buy” rating and set a $225.00 price target on shares of Taiwan Semiconductor Manufacturing in a research report on Thursday, January 16th. StockNews.com cut Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a research report on Tuesday, January 28th. Barclays boosted their price objective on Taiwan Semiconductor Manufacturing from $240.00 to $255.00 and gave the company an “overweight” rating in a research note on Friday, January 17th. Finally, Susquehanna restated a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a research note on Friday, October 18th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $220.00.

Taiwan Semiconductor Manufacturing Stock Down 2.0 %

Shares of TSM opened at $206.25 on Friday. Taiwan Semiconductor Manufacturing Company Limited has a 12-month low of $122.91 and a 12-month high of $226.40. The company has a current ratio of 2.57, a quick ratio of 2.30 and a debt-to-equity ratio of 0.24. The company has a market capitalization of $1.07 trillion, a PE ratio of 29.30, a price-to-earnings-growth ratio of 0.70 and a beta of 1.06. The business’s 50 day moving average is $204.71 and its 200 day moving average is $187.47.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last released its earnings results on Thursday, January 16th. The semiconductor company reported $2.24 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%. Research analysts expect 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 announced a quarterly dividend, which will be paid on Thursday, April 10th. Investors of record on Tuesday, March 18th will be given a $0.5484 dividend. This is an increase from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. This represents a $2.19 dividend on an annualized basis and a dividend yield of 1.06%. The ex-dividend date of this dividend is Tuesday, March 18th. Taiwan Semiconductor Manufacturing’s payout ratio is currently 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.