Terra Alpha Investments LLC Buys Shares of 30,991 Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Terra Alpha Investments LLC bought a new stake in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 30,991 shares of the semiconductor company’s stock, valued at approximately $6,120,000. Taiwan Semiconductor Manufacturing makes up about 6.2% of Terra Alpha Investments LLC’s portfolio, making the stock its biggest position.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Victory Capital Management Inc. boosted its position in shares of Taiwan Semiconductor Manufacturing by 116.0% in the 3rd quarter. Victory Capital Management Inc. now owns 104,657 shares of the semiconductor company’s stock worth $18,176,000 after purchasing an additional 56,211 shares in the last quarter. KBC Group NV boosted its position in shares of Taiwan Semiconductor Manufacturing by 47.2% in the 3rd quarter. KBC Group NV now owns 28,572 shares of the semiconductor company’s stock worth $4,962,000 after purchasing an additional 9,168 shares in the last quarter. ING Groep NV boosted its position in shares of Taiwan Semiconductor Manufacturing by 3.7% in the 3rd quarter. ING Groep NV now owns 17,685 shares of the semiconductor company’s stock worth $3,071,000 after purchasing an additional 626 shares in the last quarter. Empowered Funds LLC raised its stake in Taiwan Semiconductor Manufacturing by 13.3% in the 3rd quarter. Empowered Funds LLC now owns 20,073 shares of the semiconductor company’s stock worth $3,486,000 after acquiring an additional 2,360 shares during the last quarter. Finally, RIA Advisory Group LLC purchased a new position in Taiwan Semiconductor Manufacturing in the 3rd quarter worth $223,000. Institutional investors own 16.51% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on TSM. StockNews.com lowered Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a research note on Tuesday, January 28th. Needham & Company LLC reiterated a “buy” rating and issued a $225.00 price objective on shares of Taiwan Semiconductor Manufacturing in a report on Tuesday, February 18th. Finally, Barclays lifted their price objective on Taiwan Semiconductor Manufacturing from $240.00 to $255.00 and gave the stock an “overweight” rating in a report on Friday, January 17th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $220.00.

Taiwan Semiconductor Manufacturing Stock Up 1.5 %

TSM stock opened at $174.16 on Monday. The firm has a market cap of $903.29 billion, a PE ratio of 24.74, a PEG ratio of 0.66 and a beta of 1.13. 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 firm’s 50 day moving average price is $199.22 and its 200-day moving average price is $192.02. Taiwan Semiconductor Manufacturing Company Limited has a one year low of $125.78 and a one year high of $226.40.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last announced its earnings results on Thursday, January 16th. The semiconductor company reported $2.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.16 by $0.08. Taiwan Semiconductor Manufacturing had a return on equity of 30.47% and a net margin of 40.51%. On average, equities research analysts anticipate that Taiwan Semiconductor Manufacturing Company Limited will post 9.2 EPS for the current year.

Taiwan Semiconductor Manufacturing Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 10th. Shareholders of record on Thursday, June 12th will be given a $0.6855 dividend. This is a positive change from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.55. The ex-dividend date of this dividend is Thursday, June 12th. This represents a $2.74 dividend on an annualized basis and a yield of 1.57%. Taiwan Semiconductor Manufacturing’s payout ratio is presently 30.68%.

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.