Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) Stake Increased by Concurrent Investment Advisors LLC

Concurrent Investment Advisors LLC grew its holdings in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 7.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 15,428 shares of the semiconductor company’s stock after purchasing an additional 1,030 shares during the period. Concurrent Investment Advisors LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $3,047,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of TSM. Hardy Reed LLC increased its stake in shares of Taiwan Semiconductor Manufacturing by 1.9% in the fourth quarter. Hardy Reed LLC now owns 4,725 shares of the semiconductor company’s stock worth $933,000 after acquiring an additional 90 shares during the last quarter. Advyzon Investment Management LLC acquired a new position in shares of Taiwan Semiconductor Manufacturing in the fourth quarter worth $258,000. Handelsbanken Fonder AB increased its stake in shares of Taiwan Semiconductor Manufacturing by 17.6% in the fourth quarter. Handelsbanken Fonder AB now owns 743,000 shares of the semiconductor company’s stock worth $146,735,000 after acquiring an additional 111,000 shares during the last quarter. Wealth Alliance increased its stake in shares of Taiwan Semiconductor Manufacturing by 2.1% in the fourth quarter. Wealth Alliance now owns 18,152 shares of the semiconductor company’s stock worth $3,585,000 after acquiring an additional 370 shares during the last quarter. Finally, Sunpointe LLC increased its stake in shares of Taiwan Semiconductor Manufacturing by 14.5% in the fourth quarter. Sunpointe LLC now owns 7,601 shares of the semiconductor company’s stock worth $1,506,000 after acquiring an additional 960 shares during the last quarter. Hedge funds and other institutional investors own 16.51% of the company’s stock.

Taiwan Semiconductor Manufacturing Trading Down 0.5 %

Shares of NYSE:TSM opened at $199.94 on Friday. The company has a market cap of $1.04 trillion, a P/E ratio of 28.40, a P/E/G ratio of 0.66 and a beta of 1.06. The stock’s 50-day moving average is $205.85 and its 200-day moving average is $190.22. Taiwan Semiconductor Manufacturing Company Limited has a 52-week low of $122.91 and a 52-week high of $226.40. The company has a debt-to-equity ratio of 0.24, a quick ratio of 2.30 and a current ratio of 2.57.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last announced its quarterly earnings data 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%. Equities research analysts predict that Taiwan Semiconductor Manufacturing Company Limited will post 9.2 earnings per share for the current year.

Taiwan Semiconductor Manufacturing Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 10th. Stockholders of record on Thursday, June 12th will be issued a dividend of $0.6855 per share. This represents a $2.74 annualized dividend and a dividend yield of 1.37%. The ex-dividend date of this dividend is Thursday, June 12th. This is a positive change from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.55. Taiwan Semiconductor Manufacturing’s dividend payout ratio (DPR) is presently 27.27%.

Analyst Upgrades and Downgrades

TSM has been the topic of a number of research reports. Needham & Company LLC reaffirmed a “buy” rating and issued a $225.00 price target on shares of Taiwan Semiconductor Manufacturing in a research note on Tuesday. StockNews.com downgraded shares of Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a research note on Tuesday, January 28th. Finally, Barclays increased their target price on shares of Taiwan Semiconductor Manufacturing from $240.00 to $255.00 and gave the stock an “overweight” rating in a research report on Friday, January 17th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $220.00.

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.