US Bancorp DE Grows Position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

US Bancorp DE raised its position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 6.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 408,290 shares of the semiconductor company’s stock after acquiring an additional 25,564 shares during the quarter. US Bancorp DE’s holdings in Taiwan Semiconductor Manufacturing were worth $80,634,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in TSM. Nisa Investment Advisors LLC increased its holdings in Taiwan Semiconductor Manufacturing by 5.8% in the third quarter. Nisa Investment Advisors LLC now owns 1,817 shares of the semiconductor company’s stock valued at $317,000 after buying an additional 100 shares during the last quarter. Reston Wealth Management LLC purchased a new position in shares of Taiwan Semiconductor Manufacturing in the 3rd quarter valued at about $25,000. Stephens Inc. AR raised its position in shares of Taiwan Semiconductor Manufacturing by 1.9% during the 3rd quarter. Stephens Inc. AR now owns 65,845 shares of the semiconductor company’s stock worth $11,435,000 after acquiring an additional 1,228 shares in the last quarter. Creative Financial Designs Inc. ADV lifted its stake in Taiwan Semiconductor Manufacturing by 3.0% during the third quarter. Creative Financial Designs Inc. ADV now owns 2,408 shares of the semiconductor company’s stock worth $418,000 after purchasing an additional 71 shares during the last quarter. Finally, Roanoke Asset Management Corp NY acquired a new position in Taiwan Semiconductor Manufacturing in the third quarter valued at approximately $211,000. Institutional investors and hedge funds own 16.51% of the company’s stock.

Taiwan Semiconductor Manufacturing Stock Performance

Shares of TSM opened at $180.10 on Friday. The company’s 50 day simple moving average is $204.74 and its 200-day simple moving average is $191.59. The firm has a market cap of $934.05 billion, a PE ratio of 25.58, a price-to-earnings-growth ratio of 0.66 and a beta of 1.06. Taiwan Semiconductor Manufacturing Company Limited has a 12-month low of $125.78 and a 12-month high of $226.40. The company has a current ratio of 2.57, a quick ratio of 2.30 and a debt-to-equity ratio of 0.24.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last released its quarterly earnings results on Thursday, January 16th. The semiconductor company reported $2.24 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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, equities analysts predict that Taiwan Semiconductor Manufacturing Company Limited will post 9.2 EPS for the current year.

Taiwan Semiconductor Manufacturing Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 10th. Stockholders of record on Thursday, June 12th will be paid a dividend of $0.6855 per share. This represents a $2.74 annualized dividend and a dividend yield of 1.52%. The ex-dividend date is Thursday, June 12th. This is a boost from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.55. Taiwan Semiconductor Manufacturing’s dividend payout ratio is 31.11%.

Wall Street Analyst Weigh In

TSM has been the topic of a number of research analyst reports. Barclays raised their price objective 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. StockNews.com lowered shares of Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a research note on Tuesday, January 28th. Finally, Needham & Company LLC restated a “buy” rating and issued a $225.00 price objective on shares of Taiwan Semiconductor Manufacturing in a research note on Tuesday, February 18th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $220.00.

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.