Mayport LLC Buys New Position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Mayport LLC acquired a new stake in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) in the 4th quarter, Holdings Channel reports. The firm acquired 1,150 shares of the semiconductor company’s stock, valued at approximately $227,000.

Several other hedge funds and other institutional investors have also made changes to their positions in TSM. Westover Capital Advisors LLC raised its position in shares of Taiwan Semiconductor Manufacturing by 43.2% during the 4th quarter. Westover Capital Advisors LLC now owns 14,718 shares of the semiconductor company’s stock worth $2,907,000 after acquiring an additional 4,440 shares in the last quarter. Bahl & Gaynor Inc. raised its position in shares of Taiwan Semiconductor Manufacturing by 1,658.1% during the 4th quarter. Bahl & Gaynor Inc. now owns 165,785 shares of the semiconductor company’s stock worth $32,741,000 after acquiring an additional 156,355 shares in the last quarter. Bedel Financial Consulting Inc. increased its position in Taiwan Semiconductor Manufacturing by 10.3% during the fourth quarter. Bedel Financial Consulting Inc. now owns 2,009 shares of the semiconductor company’s stock worth $419,000 after buying an additional 188 shares during the period. Gryphon Financial Partners LLC increased its position in Taiwan Semiconductor Manufacturing by 2.2% during the fourth quarter. Gryphon Financial Partners LLC now owns 4,599 shares of the semiconductor company’s stock worth $908,000 after buying an additional 101 shares during the period. Finally, Detalus Advisors LLC acquired a new position in Taiwan Semiconductor Manufacturing during the fourth quarter worth approximately $286,000. Hedge funds and other institutional investors own 16.51% of the company’s stock.

Taiwan Semiconductor Manufacturing Stock Down 4.2 %

Taiwan Semiconductor Manufacturing stock opened at $173.00 on Tuesday. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.57 and a quick ratio of 2.30. Taiwan Semiconductor Manufacturing Company Limited has a 1-year low of $125.78 and a 1-year high of $226.40. The company has a market cap of $897.25 billion, a PE ratio of 24.57, a price-to-earnings-growth ratio of 0.66 and a beta of 1.06. The stock’s 50 day moving average price is $204.06 and its 200 day moving average price is $191.73.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last posted its quarterly earnings results on Thursday, January 16th. The semiconductor company reported $2.24 earnings per share 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, sell-side analysts predict that Taiwan Semiconductor Manufacturing Company Limited will post 9.2 EPS for the current fiscal 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 dividend of $0.6855 per share. This represents a $2.74 dividend on an annualized basis and a yield of 1.58%. This is an increase from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.55. The ex-dividend date of this dividend is Thursday, June 12th. Taiwan Semiconductor Manufacturing’s payout ratio is presently 31.11%.

Wall Street Analysts Forecast Growth

Several research firms have commented on TSM. StockNews.com lowered Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a research report on Tuesday, January 28th. Needham & Company LLC reaffirmed a “buy” rating and set a $225.00 price target on shares of Taiwan Semiconductor Manufacturing in a research report on Tuesday, February 18th. Finally, Barclays boosted their target price on Taiwan Semiconductor Manufacturing from $240.00 to $255.00 and gave the company an “overweight” rating in a report on Friday, January 17th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price 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.