Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) Shares Purchased by Mitchell Mcleod Pugh & Williams Inc.

Mitchell Mcleod Pugh & Williams Inc. increased its position in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 2.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,469 shares of the semiconductor company’s stock after purchasing an additional 55 shares during the period. Mitchell Mcleod Pugh & Williams Inc.’s holdings in Taiwan Semiconductor Manufacturing were worth $488,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of TSM. Guinness Asset Management LTD lifted its stake in Taiwan Semiconductor Manufacturing by 8.6% during the fourth quarter. Guinness Asset Management LTD now owns 382,239 shares of the semiconductor company’s stock worth $75,609,000 after purchasing an additional 30,203 shares during the last quarter. Bridgewater Advisors Inc. boosted its stake in Taiwan Semiconductor Manufacturing by 0.5% in the fourth quarter. Bridgewater Advisors Inc. now owns 18,501 shares of the semiconductor company’s stock valued at $3,727,000 after acquiring an additional 84 shares in the last quarter. Wealth Management Partners LLC acquired a new stake in shares of Taiwan Semiconductor Manufacturing during the fourth quarter worth about $1,501,000. M.E. Allison & CO. Inc. purchased a new stake in shares of Taiwan Semiconductor Manufacturing in the 4th quarter valued at about $267,000. Finally, Diversify Advisory Services LLC grew its stake in Taiwan Semiconductor Manufacturing by 78.3% during the 4th quarter. Diversify Advisory Services LLC now owns 81,747 shares of the semiconductor company’s stock worth $17,034,000 after buying an additional 35,898 shares during the last quarter. Hedge funds and other institutional investors own 16.51% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on TSM. Susquehanna reissued a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a report on Friday, October 18th. StockNews.com raised Taiwan Semiconductor Manufacturing from a “hold” rating to a “buy” rating in a report on Monday. Needham & Company LLC reissued a “buy” rating and set a $225.00 target price on shares of Taiwan Semiconductor Manufacturing in a research note on Thursday, January 16th. Finally, Barclays lifted their price target on shares of Taiwan Semiconductor Manufacturing from $240.00 to $255.00 and gave the company an “overweight” rating in a research report on Friday. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $220.00.

Taiwan Semiconductor Manufacturing Stock Performance

Taiwan Semiconductor Manufacturing stock opened at $211.52 on Tuesday. The company has a market capitalization of $1.10 trillion, a price-to-earnings ratio of 30.05, a price-to-earnings-growth ratio of 0.71 and a beta of 1.07. Taiwan Semiconductor Manufacturing Company Limited has a 12-month low of $109.48 and a 12-month high of $222.20. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.57 and a quick ratio of 2.30. The firm’s fifty day moving average price is $198.02 and its 200 day moving average price is $184.52.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last released its earnings results on Thursday, January 16th. The semiconductor company reported $2.24 EPS for the quarter, topping 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, research analysts forecast that Taiwan Semiconductor Manufacturing Company Limited will post 8.98 EPS for the current fiscal year.

Taiwan Semiconductor Manufacturing Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 10th. Shareholders of record on Tuesday, March 18th will be paid a dividend of $0.5484 per share. The ex-dividend date is Tuesday, March 18th. This represents a $2.19 annualized dividend and a yield of 1.04%. This is an increase from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. Taiwan Semiconductor Manufacturing’s payout ratio is presently 27.27%.

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.