Davidson Investment Advisors Invests $18.96 Million in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Davidson Investment Advisors purchased a new position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 95,994 shares of the semiconductor company’s stock, valued at approximately $18,958,000.

A number of other hedge funds have also modified their holdings of the stock. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors increased its stake in shares of Taiwan Semiconductor Manufacturing by 23.3% in the fourth quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors now owns 1,895 shares of the semiconductor company’s stock worth $374,000 after acquiring an additional 358 shares during the last quarter. Key Financial Inc increased its stake in shares of Taiwan Semiconductor Manufacturing by 11.2% in the fourth quarter. Key Financial Inc now owns 815 shares of the semiconductor company’s stock worth $161,000 after acquiring an additional 82 shares during the last quarter. GAM Holding AG increased its stake in shares of Taiwan Semiconductor Manufacturing by 4.5% in the fourth quarter. GAM Holding AG now owns 73,131 shares of the semiconductor company’s stock worth $14,443,000 after acquiring an additional 3,181 shares during the last quarter. Venturi Wealth Management LLC increased its stake in shares of Taiwan Semiconductor Manufacturing by 1.5% in the fourth quarter. Venturi Wealth Management LLC now owns 21,791 shares of the semiconductor company’s stock worth $4,303,000 after acquiring an additional 330 shares during the last quarter. Finally, Empower Advisory Group LLC increased its position in Taiwan Semiconductor Manufacturing by 1.2% during the fourth quarter. Empower Advisory Group LLC now owns 4,704 shares of the semiconductor company’s stock worth $929,000 after buying an additional 58 shares during the last quarter. 16.51% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have commented on TSM. Barclays increased their target price on shares of Taiwan Semiconductor Manufacturing from $240.00 to $255.00 and gave the stock an “overweight” rating in a research report on Friday, January 17th. StockNews.com downgraded shares of Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a research report on Tuesday, January 28th. Finally, Needham & Company LLC reissued a “buy” rating and set a $225.00 target price on shares of Taiwan Semiconductor Manufacturing in a research report on Thursday, January 16th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $220.00.

Taiwan Semiconductor Manufacturing Stock Up 1.0 %

Shares of TSM opened at $203.77 on Tuesday. The stock has a market cap of $1.06 trillion, a price-to-earnings ratio of 28.94, a P/E/G ratio of 0.70 and a beta of 1.06. The company has a quick ratio of 2.30, a current ratio of 2.57 and a debt-to-equity ratio of 0.24. Taiwan Semiconductor Manufacturing Company Limited has a 12 month low of $122.91 and a 12 month high of $226.40. The company has a 50-day moving average price of $205.26 and a two-hundred day moving average price of $189.38.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last posted its quarterly earnings data on Thursday, January 16th. The semiconductor company reported $2.24 earnings per share for the quarter, topping the consensus estimate of $2.16 by $0.08. Taiwan Semiconductor Manufacturing had a net margin of 40.51% and a return on equity of 30.47%. Equities analysts predict that Taiwan Semiconductor Manufacturing Company Limited will post 9.12 EPS for the current fiscal year.

Taiwan Semiconductor Manufacturing Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 10th. Stockholders of record on Thursday, June 12th will be issued a dividend of $0.6855 per share. This is a positive change from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.55. The ex-dividend date is Thursday, June 12th. This represents a $2.74 annualized dividend and a dividend yield of 1.35%. Taiwan Semiconductor Manufacturing’s dividend payout ratio (DPR) is presently 27.27%.

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.