Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) Shares Bought by iA Global Asset Management Inc.

iA Global Asset Management Inc. grew its position in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 21.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 82,812 shares of the semiconductor company’s stock after acquiring an additional 14,710 shares during the quarter. iA Global Asset Management Inc.’s holdings in Taiwan Semiconductor Manufacturing were worth $16,355,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Meeder Advisory Services Inc. lifted its holdings in Taiwan Semiconductor Manufacturing by 22.6% in the third quarter. Meeder Advisory Services Inc. now owns 3,981 shares of the semiconductor company’s stock worth $691,000 after purchasing an additional 734 shares during the period. Fifth Third Wealth Advisors LLC lifted its holdings in Taiwan Semiconductor Manufacturing by 14.9% in the third quarter. Fifth Third Wealth Advisors LLC now owns 5,582 shares of the semiconductor company’s stock worth $969,000 after purchasing an additional 722 shares during the period. Prospera Private Wealth LLC acquired a new stake in Taiwan Semiconductor Manufacturing in the third quarter worth about $295,000. Segall Bryant & Hamill LLC lifted its holdings in Taiwan Semiconductor Manufacturing by 2.6% in the third quarter. Segall Bryant & Hamill LLC now owns 83,081 shares of the semiconductor company’s stock worth $14,429,000 after purchasing an additional 2,101 shares during the period. Finally, MWA Asset Management lifted its holdings in Taiwan Semiconductor Manufacturing by 1.2% in the third quarter. MWA Asset Management now owns 7,014 shares of the semiconductor company’s stock worth $1,218,000 after purchasing an additional 85 shares during the period. Institutional investors and hedge funds own 16.51% of the company’s stock.

Taiwan Semiconductor Manufacturing Price Performance

Shares of NYSE TSM opened at $173.82 on Thursday. Taiwan Semiconductor Manufacturing Company Limited has a twelve month low of $125.78 and a twelve month high of $226.40. 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 company has a market capitalization of $901.52 billion, a price-to-earnings ratio of 24.69, a PEG ratio of 0.66 and a beta of 1.13. The firm has a 50-day moving average of $196.91 and a two-hundred day moving average of $191.95.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last posted its quarterly earnings data on Thursday, January 16th. The semiconductor company reported $2.24 earnings per share (EPS) 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%. As a group, analysts expect that Taiwan Semiconductor Manufacturing Company Limited will post 9.2 earnings per share for the current fiscal year.

Taiwan Semiconductor Manufacturing Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 10th. Shareholders 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 yield of 1.58%. The ex-dividend date is Thursday, June 12th. This is an increase from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.55. Taiwan Semiconductor Manufacturing’s payout ratio is presently 30.68%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on TSM shares. Needham & Company LLC reaffirmed a “buy” rating and issued a $225.00 price objective on shares of Taiwan Semiconductor Manufacturing in a report on Tuesday, February 18th. Barclays upped their price target on shares of Taiwan Semiconductor Manufacturing from $240.00 to $255.00 and gave the company an “overweight” rating in a report on Friday, January 17th. Finally, StockNews.com downgraded shares of Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a report on Tuesday, January 28th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $220.00.

Taiwan Semiconductor Manufacturing Company 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.