Smithfield Trust Co Increases Stock Position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Smithfield Trust Co grew its stake in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 3.7% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,738 shares of the semiconductor company’s stock after buying an additional 203 shares during the period. Smithfield Trust Co’s holdings in Taiwan Semiconductor Manufacturing were worth $997,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. LPL Financial LLC raised its holdings in shares of Taiwan Semiconductor Manufacturing by 17.7% during the 3rd quarter. LPL Financial LLC now owns 1,149,145 shares of the semiconductor company’s stock valued at $199,572,000 after buying an additional 172,918 shares in the last quarter. Tradewinds LLC. boosted its position in Taiwan Semiconductor Manufacturing by 60.3% during the third quarter. Tradewinds LLC. now owns 2,139 shares of the semiconductor company’s stock valued at $371,000 after buying an additional 805 shares during the period. Cypress Capital Group grew its stake in shares of Taiwan Semiconductor Manufacturing by 1.6% during the third quarter. Cypress Capital Group now owns 19,259 shares of the semiconductor company’s stock valued at $3,345,000 after buying an additional 300 shares during the last quarter. Overbrook Management Corp purchased a new position in shares of Taiwan Semiconductor Manufacturing in the third quarter worth about $8,962,000. Finally, King Luther Capital Management Corp lifted its stake in shares of Taiwan Semiconductor Manufacturing by 1.5% in the 3rd quarter. King Luther Capital Management Corp now owns 6,913 shares of the semiconductor company’s stock valued at $1,201,000 after acquiring an additional 101 shares during the last quarter. Institutional investors own 16.51% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the stock. StockNews.com lowered shares of Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a report on Sunday, November 17th. Barclays upped their price target on Taiwan Semiconductor Manufacturing from $215.00 to $240.00 and gave the company an “overweight” rating in a research report on Monday. Susquehanna reissued a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a research note on Friday, October 18th. Finally, Needham & Company LLC restated a “buy” rating and set a $210.00 target price on shares of Taiwan Semiconductor Manufacturing in a report on Thursday, October 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 stock presently has an average rating of “Moderate Buy” and a consensus target price of $214.00.

Taiwan Semiconductor Manufacturing Stock Up 1.2 %

TSM opened at $190.65 on Friday. The company has a quick ratio of 2.30, a current ratio of 2.57 and a debt-to-equity ratio of 0.24. Taiwan Semiconductor Manufacturing Company Limited has a twelve month low of $95.25 and a twelve month high of $212.60. The stock has a market capitalization of $988.79 billion, a price-to-earnings ratio of 30.55, a PEG ratio of 0.87 and a beta of 1.12. The firm has a 50 day moving average price of $187.57 and a 200-day moving average price of $173.35.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last announced its earnings results on Thursday, October 17th. The semiconductor company reported $1.94 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.74 by $0.20. The company had revenue of $23.50 billion during the quarter, compared to analyst estimates of $22.72 billion. Taiwan Semiconductor Manufacturing had a net margin of 39.10% and a return on equity of 27.44%. Equities research analysts forecast that Taiwan Semiconductor Manufacturing Company Limited will post 6.95 earnings per share for the current 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 issued a $0.5484 dividend. This represents a $2.19 annualized dividend and a yield of 1.15%. This is a positive change from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. The ex-dividend date is Tuesday, March 18th. Taiwan Semiconductor Manufacturing’s dividend payout ratio is currently 31.09%.

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.