Northeast Investment Management Grows Stake in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Northeast Investment Management boosted its position in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 33.9% during the fourth quarter, Holdings Channel reports. The firm owned 5,901 shares of the semiconductor company’s stock after buying an additional 1,495 shares during the quarter. Northeast Investment Management’s holdings in Taiwan Semiconductor Manufacturing were worth $1,165,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of TSM. Reston Wealth Management LLC purchased a new stake in shares of Taiwan Semiconductor Manufacturing in the 3rd quarter worth about $25,000. Archer Investment Corp lifted its holdings in shares of Taiwan Semiconductor Manufacturing by 48.1% in the third quarter. Archer Investment Corp now owns 191 shares of the semiconductor company’s stock valued at $33,000 after purchasing an additional 62 shares in the last quarter. American Capital Advisory LLC acquired a new stake in shares of Taiwan Semiconductor Manufacturing in the third quarter valued at approximately $38,000. OLD Second National Bank of Aurora increased its stake in shares of Taiwan Semiconductor Manufacturing by 169.8% during the 3rd quarter. OLD Second National Bank of Aurora now owns 232 shares of the semiconductor company’s stock worth $40,000 after purchasing an additional 146 shares in the last quarter. Finally, Endeavor Private Wealth Inc. acquired a new position in shares of Taiwan Semiconductor Manufacturing during the 4th quarter worth approximately $40,000. Institutional investors and hedge funds own 16.51% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Taiwan Semiconductor Manufacturing Stock Down 2.0 %

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 business has a 50-day moving average of $204.71 and a two-hundred day moving average of $187.47. 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 has a market capitalization of $1.07 trillion, a price-to-earnings ratio of 29.30, a price-to-earnings-growth ratio of 0.70 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 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%. On average, research analysts expect that Taiwan Semiconductor Manufacturing Company Limited will post 9.12 earnings per share for the current year.

Taiwan Semiconductor Manufacturing Increases Dividend

The company also recently declared 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 represents a $2.19 dividend on an annualized basis and a yield of 1.06%. The ex-dividend date is Tuesday, March 18th. This is an increase from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. Taiwan Semiconductor Manufacturing’s payout ratio is 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.