Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) Shares Acquired by Bay Rivers Group

Bay Rivers Group lifted its stake in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 14.5% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,579 shares of the semiconductor company’s stock after purchasing an additional 200 shares during the quarter. Bay Rivers Group’s holdings in Taiwan Semiconductor Manufacturing were worth $312,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of TSM. ProShare Advisors LLC grew its holdings in shares of Taiwan Semiconductor Manufacturing by 25.2% during the second quarter. ProShare Advisors LLC now owns 1,935 shares of the semiconductor company’s stock valued at $336,000 after buying an additional 390 shares during the last quarter. Lighthouse Investment Partners LLC acquired a new position in shares of Taiwan Semiconductor Manufacturing in the second quarter valued at about $362,000. Ascent Group LLC raised its stake in shares of Taiwan Semiconductor Manufacturing by 11.8% in the second quarter. Ascent Group LLC now owns 4,993 shares of the semiconductor company’s stock worth $868,000 after purchasing an additional 525 shares during the last quarter. Magnolia Capital Advisors LLC acquired a new stake in shares of Taiwan Semiconductor Manufacturing during the second quarter worth about $450,000. Finally, Silver Lake Advisory LLC acquired a new position in Taiwan Semiconductor Manufacturing in the 2nd quarter worth approximately $535,000. Hedge funds and other institutional investors own 16.51% of the company’s stock.

Taiwan Semiconductor Manufacturing Stock Down 13.1 %

TSM opened at $192.72 on Tuesday. The company has a fifty day moving average of $201.07 and a two-hundred day moving average of $185.72. The company has a debt-to-equity ratio of 0.24, a quick ratio of 2.30 and a current ratio of 2.57. Taiwan Semiconductor Manufacturing Company Limited has a fifty-two week low of $112.61 and a fifty-two week high of $226.40. The stock has a market capitalization of $999.52 billion, a price-to-earnings ratio of 27.38, a PEG ratio of 0.74 and a beta of 1.07.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last released its quarterly earnings results 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 return on equity of 30.47% and a net margin of 40.51%. On average, research analysts expect that Taiwan Semiconductor Manufacturing Company Limited will post 9.12 earnings per share for the current year.

Taiwan Semiconductor Manufacturing Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 10th. Investors of record on Tuesday, March 18th will be paid a $0.5484 dividend. The ex-dividend date is Tuesday, March 18th. This represents a $2.19 dividend on an annualized basis and a yield of 1.14%. This is a boost from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. Taiwan Semiconductor Manufacturing’s dividend payout ratio (DPR) is currently 27.27%.

Wall Street Analysts Forecast Growth

TSM has been the subject of several research reports. StockNews.com cut shares of Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a research note on Tuesday. 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. Needham & Company LLC reiterated a “buy” rating and set a $225.00 price objective on shares of Taiwan Semiconductor Manufacturing in a research note on Thursday, January 16th. Finally, Susquehanna restated a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a research note on Friday, October 18th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average 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.