Balentine LLC Acquires 666 Shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Balentine LLC lifted its holdings in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 20.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,900 shares of the semiconductor company’s stock after purchasing an additional 666 shares during the quarter. Balentine LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $770,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. AMF Tjanstepension AB grew its stake in Taiwan Semiconductor Manufacturing by 4.8% in the third quarter. AMF Tjanstepension AB now owns 1,533,207 shares of the semiconductor company’s stock valued at $266,300,000 after purchasing an additional 70,057 shares in the last quarter. Carnegie Investment Counsel grew its stake in shares of Taiwan Semiconductor Manufacturing by 119.6% in the third quarter. Carnegie Investment Counsel now owns 14,406 shares of the semiconductor company’s stock valued at $2,502,000 after buying an additional 7,846 shares in the last quarter. Armstrong Advisory Group Inc. increased its holdings in Taiwan Semiconductor Manufacturing by 16.0% during the third quarter. Armstrong Advisory Group Inc. now owns 1,562 shares of the semiconductor company’s stock worth $271,000 after buying an additional 216 shares during the last quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH raised its position in Taiwan Semiconductor Manufacturing by 8.0% during the third quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH now owns 35,948 shares of the semiconductor company’s stock worth $6,243,000 after acquiring an additional 2,661 shares in the last quarter. Finally, Thomasville National Bank lifted its stake in Taiwan Semiconductor Manufacturing by 0.3% in the third quarter. Thomasville National Bank now owns 189,865 shares of the semiconductor company’s stock valued at $32,974,000 after acquiring an additional 634 shares during the last quarter. Institutional investors and hedge funds own 16.51% of the company’s stock.

Taiwan Semiconductor Manufacturing Trading Up 0.8 %

Shares of Taiwan Semiconductor Manufacturing stock opened at $207.85 on Tuesday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 2.30 and a current ratio of 2.57. The firm has a 50-day moving average of $204.71 and a 200-day moving average of $187.79. Taiwan Semiconductor Manufacturing Company Limited has a 52-week low of $122.91 and a 52-week high of $226.40. The stock has a market cap of $1.08 trillion, a PE ratio of 29.52, a PEG ratio of 0.70 and a beta of 1.06.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last announced its quarterly earnings data on Thursday, January 16th. The semiconductor company reported $2.24 earnings per share for the quarter, beating the consensus estimate of $2.16 by $0.08. Taiwan Semiconductor Manufacturing had a return on equity of 30.47% and a net margin of 40.51%. As a group, sell-side analysts forecast that Taiwan Semiconductor Manufacturing Company Limited will post 9.12 EPS 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. Shareholders of record on Tuesday, March 18th will be issued a $0.5484 dividend. This represents a $2.19 dividend on an annualized basis and a dividend yield of 1.06%. The ex-dividend date of this dividend is Tuesday, March 18th. This is an increase 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

Several research firms have recently weighed in on TSM. Susquehanna restated a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a research note on Friday, October 18th. Needham & Company LLC reissued a “buy” rating and issued a $225.00 price objective on shares of Taiwan Semiconductor Manufacturing in a research report on Thursday, January 16th. Barclays lifted their target price on shares of Taiwan Semiconductor Manufacturing from $240.00 to $255.00 and gave the stock an “overweight” rating in a report on Friday, January 17th. Finally, StockNews.com cut shares of Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a report on Tuesday, January 28th. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Taiwan Semiconductor Manufacturing presently has a consensus rating of “Moderate Buy” and a consensus price target 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.