PFG Investments LLC Buys 459 Shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

PFG Investments LLC grew its stake in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 3.6% in the fourth quarter, HoldingsChannel.com reports. The fund owned 13,058 shares of the semiconductor company’s stock after acquiring an additional 459 shares during the quarter. PFG Investments LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $2,579,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of the stock. Empirical Financial Services LLC d.b.a. Empirical Wealth Management raised its position in Taiwan Semiconductor Manufacturing by 12.1% in the fourth quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 9,925 shares of the semiconductor company’s stock valued at $1,960,000 after purchasing an additional 1,069 shares during the last quarter. Stablepoint Partners LLC grew its stake in Taiwan Semiconductor Manufacturing by 3.7% during the fourth quarter. Stablepoint Partners LLC now owns 12,662 shares of the semiconductor company’s stock worth $2,501,000 after purchasing an additional 449 shares during the period. 1834 Investment Advisors Co. grew its stake in Taiwan Semiconductor Manufacturing by 16.2% during the fourth quarter. 1834 Investment Advisors Co. now owns 2,920 shares of the semiconductor company’s stock worth $577,000 after purchasing an additional 408 shares during the period. Clarendon Private LLC acquired a new stake in Taiwan Semiconductor Manufacturing in the fourth quarter valued at approximately $294,000. Finally, Blue Square Asset Management LLC grew its stake in Taiwan Semiconductor Manufacturing by 2.3% in the fourth quarter. Blue Square Asset Management LLC now owns 21,961 shares of the semiconductor company’s stock valued at $4,337,000 after acquiring an additional 496 shares during the period. 16.51% of the stock is currently owned by institutional investors.

Taiwan Semiconductor Manufacturing Stock Down 1.3 %

Taiwan Semiconductor Manufacturing stock opened at $221.73 on Monday. 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 company has a market capitalization of $1.15 trillion, a PE ratio of 31.50, a price-to-earnings-growth ratio of 0.74 and a beta of 1.07. The firm has a 50 day moving average price of $201.07 and a 200 day moving average price of $185.76.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last posted its quarterly earnings data on Thursday, January 16th. The semiconductor company reported $2.24 EPS for the quarter, beating analysts’ consensus estimates of $2.16 by $0.08. Taiwan Semiconductor Manufacturing had a net margin of 40.51% and a return on equity of 30.47%. 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 firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 10th. Stockholders of record on Tuesday, March 18th will be given a $0.5484 dividend. The ex-dividend date is Tuesday, March 18th. This represents a $2.19 annualized dividend and a dividend yield of 0.99%. This is a positive change from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. Taiwan Semiconductor Manufacturing’s dividend payout ratio is presently 27.27%.

Analyst Ratings Changes

A number of analysts recently commented on TSM shares. StockNews.com upgraded Taiwan Semiconductor Manufacturing from a “hold” rating to a “buy” rating in a report on Monday, January 20th. Needham & Company LLC restated a “buy” rating and set a $225.00 target price on shares of Taiwan Semiconductor Manufacturing in a research report on Thursday, January 16th. Susquehanna reissued a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a research note on Friday, October 18th. Finally, Barclays upped their target price on Taiwan Semiconductor Manufacturing from $240.00 to $255.00 and gave the stock an “overweight” rating in a report on Friday, January 17th. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $220.00.

About Taiwan Semiconductor Manufacturing

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.