Tokio Marine Asset Management Co. Ltd. Boosts Stock Holdings in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Tokio Marine Asset Management Co. Ltd. lifted its position in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 0.6% in the third quarter, Holdings Channel reports. The firm owned 89,900 shares of the semiconductor company’s stock after purchasing an additional 500 shares during the period. Tokio Marine Asset Management Co. Ltd.’s holdings in Taiwan Semiconductor Manufacturing were worth $15,613,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the business. Atlantic Edge Private Wealth Management LLC acquired a new stake in shares of Taiwan Semiconductor Manufacturing during the second quarter worth approximately $25,000. Reston Wealth Management LLC acquired a new stake in shares of Taiwan Semiconductor Manufacturing in the 3rd quarter worth approximately $25,000. Valley Wealth Managers Inc. bought a new position in Taiwan Semiconductor Manufacturing during the 2nd quarter valued at $27,000. Olistico Wealth LLC bought a new stake in Taiwan Semiconductor Manufacturing in the second quarter worth about $27,000. Finally, NewSquare Capital LLC bought a new stake in Taiwan Semiconductor Manufacturing during the second quarter worth approximately $29,000. Institutional investors and hedge funds own 16.51% of the company’s stock.

Taiwan Semiconductor Manufacturing Price Performance

Shares of TSM stock traded up $3.43 during mid-day trading on Thursday, reaching $190.09. The company’s stock had a trading volume of 1,108,847 shares, compared to its average volume of 15,409,500. Taiwan Semiconductor Manufacturing Company Limited has a 1-year low of $95.25 and a 1-year high of $212.60. The company has a market cap of $985.89 billion, a P/E ratio of 30.42, a PEG ratio of 0.91 and a beta of 1.12. The firm’s 50-day moving average is $184.70 and its two-hundred day moving average is $171.47. The company has a debt-to-equity ratio of 0.23, a quick ratio of 2.30 and a current ratio of 2.57.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last issued its earnings results on Thursday, October 17th. The semiconductor company reported $1.94 EPS for the quarter, beating the consensus estimate of $1.74 by $0.20. The company had revenue of $23.50 billion for the quarter, compared to the consensus estimate of $22.72 billion. Taiwan Semiconductor Manufacturing had a net margin of 39.10% and a return on equity of 27.30%. On average, research analysts predict that Taiwan Semiconductor Manufacturing Company Limited will post 6.73 earnings per share for the current year.

Taiwan Semiconductor Manufacturing Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 10th. Stockholders of record on Tuesday, March 18th will be paid a $0.5484 dividend. The ex-dividend date is Tuesday, March 18th. This is a positive change from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. This represents a $2.19 dividend on an annualized basis and a dividend yield of 1.15%. Taiwan Semiconductor Manufacturing’s dividend payout ratio (DPR) is 31.09%.

Wall Street Analyst Weigh In

A number of analysts have commented on the stock. Susquehanna reaffirmed a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a research note on Friday, October 18th. TD Cowen increased their price objective on Taiwan Semiconductor Manufacturing from $130.00 to $170.00 and gave the stock a “hold” rating in a report on Thursday, July 18th. Barclays boosted their price target on Taiwan Semiconductor Manufacturing from $200.00 to $215.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 23rd. Needham & Company LLC reaffirmed a “buy” rating and set a $210.00 price objective on shares of Taiwan Semiconductor Manufacturing in a report on Thursday, October 17th. Finally, StockNews.com raised Taiwan Semiconductor Manufacturing from a “hold” rating to a “buy” rating in a research report on Saturday, November 9th. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, Taiwan Semiconductor Manufacturing has a consensus rating of “Moderate Buy” and a consensus target price of $209.00.

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.