Clarendon Private LLC Takes $294,000 Position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Clarendon Private LLC purchased a new stake in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 1,488 shares of the semiconductor company’s stock, valued at approximately $294,000.

Other large investors have also recently bought and sold shares of the company. Blue Square Asset Management LLC increased its holdings in shares of Taiwan Semiconductor Manufacturing by 2.3% in the 4th quarter. Blue Square Asset Management LLC now owns 21,961 shares of the semiconductor company’s stock valued at $4,337,000 after purchasing an additional 496 shares during the period. Echo Wealth Management LLC purchased a new position in Taiwan Semiconductor Manufacturing during the fourth quarter valued at approximately $228,000. First Citizens Bank & Trust Co. increased its stake in Taiwan Semiconductor Manufacturing by 12.7% in the 4th quarter. First Citizens Bank & Trust Co. now owns 10,682 shares of the semiconductor company’s stock valued at $2,110,000 after buying an additional 1,201 shares during the period. AlphaMark Advisors LLC increased its stake in Taiwan Semiconductor Manufacturing by 1.1% in the 4th quarter. AlphaMark Advisors LLC now owns 4,924 shares of the semiconductor company’s stock valued at $972,000 after buying an additional 55 shares during the period. Finally, Arkfeld Wealth Strategies L.L.C. purchased a new stake in Taiwan Semiconductor Manufacturing in the 4th quarter worth approximately $211,000. 16.51% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages recently issued reports on TSM. Susquehanna reiterated a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a report on Friday, October 18th. Barclays lifted their price target on Taiwan Semiconductor Manufacturing from $240.00 to $255.00 and gave the company an “overweight” rating in a report on Friday, January 17th. Needham & Company LLC restated a “buy” rating and issued a $225.00 price objective on shares of Taiwan Semiconductor Manufacturing in a report on Thursday, January 16th. Finally, StockNews.com upgraded shares of Taiwan Semiconductor Manufacturing from a “hold” rating to a “buy” rating in a research note on Monday, January 20th. One analyst has rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, Taiwan Semiconductor Manufacturing presently has an average rating of “Moderate Buy” and a consensus target price of $220.00.

Taiwan Semiconductor Manufacturing Stock Down 1.3 %

Shares of TSM stock opened at $221.73 on Friday. The company has a market capitalization of $1.15 trillion, a price-to-earnings ratio of 31.50, a PEG ratio of 0.74 and a beta of 1.07. The company has a debt-to-equity ratio of 0.24, a quick ratio of 2.30 and a current ratio of 2.57. The stock’s 50 day simple moving average is $201.07 and its 200 day simple moving average is $185.75. Taiwan Semiconductor Manufacturing Company Limited has a twelve month low of $112.61 and a twelve month high of $226.40.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last issued its quarterly earnings data on Thursday, January 16th. The semiconductor company reported $2.24 earnings per share for the quarter, topping analysts’ consensus estimates of $2.16 by $0.08. Taiwan Semiconductor Manufacturing had a net margin of 40.51% and a return on equity of 30.47%. As a group, research analysts predict that Taiwan Semiconductor Manufacturing Company Limited will post 9.12 EPS for the current year.

Taiwan Semiconductor Manufacturing Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 10th. Stockholders of record on Tuesday, March 18th will be paid a $0.5484 dividend. The ex-dividend date of this dividend is Tuesday, March 18th. This is a positive change 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 0.99%. Taiwan Semiconductor Manufacturing’s payout ratio is presently 27.27%.

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.