Carnegie Investment Counsel Purchases 560 Shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Carnegie Investment Counsel increased its position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 3.9% during the fourth quarter, Holdings Channel reports. The firm owned 14,966 shares of the semiconductor company’s stock after buying an additional 560 shares during the quarter. Carnegie Investment Counsel’s holdings in Taiwan Semiconductor Manufacturing were worth $2,956,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. Tallon Kerry Patrick bought a new stake in Taiwan Semiconductor Manufacturing in the 4th quarter valued at $228,000. Hennion & Walsh Asset Management Inc. increased its holdings in shares of Taiwan Semiconductor Manufacturing by 13.9% in the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 11,551 shares of the semiconductor company’s stock valued at $2,281,000 after purchasing an additional 1,407 shares during the last quarter. Winch Advisory Services LLC raised its position in shares of Taiwan Semiconductor Manufacturing by 29.0% in the fourth quarter. Winch Advisory Services LLC now owns 1,653 shares of the semiconductor company’s stock valued at $326,000 after purchasing an additional 372 shares during the period. Outlook Wealth Advisors LLC acquired a new stake in shares of Taiwan Semiconductor Manufacturing during the 4th quarter worth about $234,000. Finally, BluePath Capital Management LLC boosted its holdings in shares of Taiwan Semiconductor Manufacturing by 23.0% during the 4th quarter. BluePath Capital Management LLC now owns 2,308 shares of the semiconductor company’s stock worth $465,000 after buying an additional 432 shares during the period. 16.51% of the stock is currently owned by institutional investors and hedge funds.

Taiwan Semiconductor Manufacturing Stock Down 1.5 %

Shares of TSM opened at $211.52 on Friday. 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 stock has a market capitalization of $1.10 trillion, a PE ratio of 33.90, a P/E/G ratio of 0.76 and a beta of 1.07. The firm’s 50 day moving average is $197.81 and its 200-day moving average is $184.17. Taiwan Semiconductor Manufacturing Company Limited has a 12 month low of $109.48 and a 12 month high of $222.20.

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, beating the consensus estimate of $2.16 by $0.08. Taiwan Semiconductor Manufacturing had a return on equity of 27.44% and a net margin of 39.10%. Equities research analysts forecast that Taiwan Semiconductor Manufacturing Company Limited will post 6.92 EPS for the current year.

Taiwan Semiconductor Manufacturing Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 10th. Investors of record on Tuesday, March 18th will be given a dividend of $0.5484 per share. This is a boost from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. The ex-dividend date is Tuesday, March 18th. This represents a $2.19 annualized dividend and a yield of 1.04%. Taiwan Semiconductor Manufacturing’s dividend payout ratio is currently 30.77%.

Analysts Set New Price Targets

Several research analysts have weighed in on the stock. StockNews.com cut shares of Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a report on Sunday, November 17th. Barclays upped their target price on Taiwan Semiconductor Manufacturing from $240.00 to $255.00 and gave the company an “overweight” rating in a research report on Friday. Needham & Company LLC reissued a “buy” rating and set a $225.00 price target on shares of Taiwan Semiconductor Manufacturing in a report on Thursday. Finally, Susquehanna reaffirmed a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a report on Friday, October 18th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, Taiwan Semiconductor Manufacturing currently has a consensus rating of “Moderate Buy” and a consensus price target of $220.00.

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.