NBZ Investment Advisors LLC Purchases New Stake in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

NBZ Investment Advisors LLC purchased a new stake in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) in the 4th quarter, Holdings Channel reports. The institutional investor purchased 1,242 shares of the semiconductor company’s stock, valued at approximately $245,000.

A number of other hedge funds have also recently modified their holdings of the company. Stonebridge Financial Group LLC purchased a new stake in Taiwan Semiconductor Manufacturing in the 4th quarter worth approximately $25,000. IMG Wealth Management Inc. purchased a new stake in Taiwan Semiconductor Manufacturing in the fourth quarter worth $26,000. Hopwood Financial Services Inc. purchased a new position in Taiwan Semiconductor Manufacturing during the 4th quarter valued at $27,000. Roxbury Financial LLC bought a new position in Taiwan Semiconductor Manufacturing in the 4th quarter worth $29,000. Finally, CoreFirst Bank & Trust purchased a new stake in shares of Taiwan Semiconductor Manufacturing in the 4th quarter worth about $39,000. Hedge funds and other institutional investors own 16.51% of the company’s stock.

Taiwan Semiconductor Manufacturing Stock Performance

Shares of Taiwan Semiconductor Manufacturing stock opened at $168.68 on Friday. The stock has a market cap of $874.82 billion, a price-to-earnings ratio of 23.96, a PEG ratio of 0.66 and a beta of 1.13. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.57 and a quick ratio of 2.30. Taiwan Semiconductor Manufacturing Company Limited has a 1 year low of $125.78 and a 1 year high of $226.40. The firm’s 50-day moving average is $193.26 and its 200 day moving average is $192.32.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last announced its quarterly earnings results 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 net margin of 40.51% and a return on equity of 30.47%. Sell-side analysts anticipate that Taiwan Semiconductor Manufacturing Company Limited will post 9.2 EPS for the current fiscal year.

Taiwan Semiconductor Manufacturing Increases Dividend

The business 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 represents a $2.74 annualized dividend and a dividend yield of 1.63%. This is a boost from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.55. The ex-dividend date of this dividend is Thursday, June 12th. Taiwan Semiconductor Manufacturing’s payout ratio is presently 30.68%.

Analyst Ratings Changes

Several analysts have commented on TSM shares. StockNews.com lowered shares of Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a report on Tuesday, January 28th. Needham & Company LLC restated a “buy” rating and set a $225.00 price target on shares of Taiwan Semiconductor Manufacturing in a research report on Tuesday, February 18th. Finally, Barclays increased their price objective on Taiwan Semiconductor Manufacturing from $240.00 to $255.00 and gave the stock an “overweight” rating in a report on Friday, January 17th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus 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.