Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) Shares Purchased by Eldred Rock Partners LLC

Eldred Rock Partners LLC grew its stake in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 40.8% during the fourth quarter, HoldingsChannel reports. The firm owned 101,850 shares of the semiconductor company’s stock after buying an additional 29,519 shares during the quarter. Taiwan Semiconductor Manufacturing accounts for about 6.8% of Eldred Rock Partners LLC’s investment portfolio, making the stock its largest holding. Eldred Rock Partners LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $20,114,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in TSM. Gilman Hill Asset Management LLC raised its position in Taiwan Semiconductor Manufacturing by 3.3% in the fourth quarter. Gilman Hill Asset Management LLC now owns 1,614 shares of the semiconductor company’s stock valued at $319,000 after purchasing an additional 52 shares during the last quarter. Annex Advisory Services LLC raised its holdings in Taiwan Semiconductor Manufacturing by 10.8% in the 4th quarter. Annex Advisory Services LLC now owns 53,150 shares of the semiconductor company’s stock valued at $10,497,000 after buying an additional 5,184 shares during the last quarter. Client 1ST Advisory Group LLC bought a new stake in Taiwan Semiconductor Manufacturing during the 4th quarter worth approximately $536,000. Artemis Investment Management LLP increased its position in Taiwan Semiconductor Manufacturing by 47.8% in the 4th quarter. Artemis Investment Management LLP now owns 98,221 shares of the semiconductor company’s stock valued at $19,398,000 after acquiring an additional 31,780 shares during the period. Finally, HF Advisory Group LLC raised its stake in shares of Taiwan Semiconductor Manufacturing by 6.4% during the fourth quarter. HF Advisory Group LLC now owns 14,635 shares of the semiconductor company’s stock valued at $2,890,000 after acquiring an additional 880 shares during the last quarter. 16.51% of the stock is currently owned by institutional investors and hedge funds.

Taiwan Semiconductor Manufacturing Stock Performance

Shares of Taiwan Semiconductor Manufacturing stock opened at $211.52 on Monday. The company has a market cap of $1.10 trillion, a P/E ratio of 33.90, a PEG ratio of 0.76 and a beta of 1.07. 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 business has a 50-day moving average price of $198.02 and a two-hundred day moving average price of $184.51. Taiwan Semiconductor Manufacturing Company Limited has a 1-year low of $109.48 and a 1-year high of $222.20.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last issued its 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 27.44% and a net margin of 39.10%. As a group, analysts anticipate that Taiwan Semiconductor Manufacturing Company Limited will post 6.92 EPS for the current year.

Taiwan Semiconductor Manufacturing Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 10th. Investors 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 is a positive change from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. This represents a $2.19 annualized dividend and a yield of 1.04%. Taiwan Semiconductor Manufacturing’s dividend payout ratio is currently 30.77%.

Analysts Set New Price Targets

A number of analysts recently weighed in on the company. Susquehanna restated a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a report on Friday, October 18th. Needham & Company LLC reissued a “buy” rating and issued a $225.00 price target on shares of Taiwan Semiconductor Manufacturing in a research note on Thursday. Barclays lifted their price objective on Taiwan Semiconductor Manufacturing from $240.00 to $255.00 and gave the stock an “overweight” rating in a research note on Friday. Finally, StockNews.com downgraded shares of Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a research report on Sunday, November 17th. Two equities 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 has a consensus rating of “Moderate Buy” and a consensus target price of $220.00.

Taiwan Semiconductor Manufacturing 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.