NEOS Investment Management LLC Acquires 2,117 Shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

NEOS Investment Management LLC increased its holdings in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 22.9% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 11,368 shares of the semiconductor company’s stock after purchasing an additional 2,117 shares during the period. NEOS Investment Management LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $2,245,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. Mount Yale Investment Advisors LLC raised its holdings in shares of Taiwan Semiconductor Manufacturing by 4.3% during the fourth quarter. Mount Yale Investment Advisors LLC now owns 35,709 shares of the semiconductor company’s stock valued at $7,052,000 after purchasing an additional 1,476 shares during the last quarter. McHugh Group LLC purchased a new stake in Taiwan Semiconductor Manufacturing during the 4th quarter valued at $605,000. OLD National Bancorp IN lifted its holdings in shares of Taiwan Semiconductor Manufacturing by 2.1% during the 4th quarter. OLD National Bancorp IN now owns 113,205 shares of the semiconductor company’s stock valued at $22,357,000 after buying an additional 2,368 shares during the period. Guardian Partners Inc. bought a new position in shares of Taiwan Semiconductor Manufacturing during the 4th quarter valued at $9,222,000. Finally, Hardman Johnston Global Advisors LLC grew its holdings in shares of Taiwan Semiconductor Manufacturing by 7.6% in the fourth quarter. Hardman Johnston Global Advisors LLC now owns 381,432 shares of the semiconductor company’s stock worth $75,329,000 after acquiring an additional 26,847 shares during the period. Hedge funds and other institutional investors own 16.51% of the company’s stock.

Taiwan Semiconductor Manufacturing Trading Down 1.4 %

Taiwan Semiconductor Manufacturing stock opened at $165.82 on Friday. Taiwan Semiconductor Manufacturing Company Limited has a 12-month low of $125.78 and a 12-month high of $226.40. The firm has a market capitalization of $860.00 billion, a price-to-earnings ratio of 23.55, a P/E/G ratio of 0.66 and a beta of 1.13. The firm has a 50 day moving average of $192.35 and a 200 day moving average of $192.34. 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 announced its quarterly earnings data 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 net margin of 40.51% and a return on equity of 30.47%. As a group, research analysts predict that Taiwan Semiconductor Manufacturing Company Limited will post 9.2 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, July 10th. Stockholders of record on Thursday, June 12th will be given a $0.6855 dividend. This represents a $2.74 annualized dividend and a dividend yield of 1.65%. This is an increase from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.55. The ex-dividend date is Thursday, June 12th. Taiwan Semiconductor Manufacturing’s payout ratio is presently 30.68%.

Wall Street Analyst Weigh In

A number of research firms have weighed in on TSM. Needham & Company LLC reissued a “buy” rating and issued a $225.00 target price on shares of Taiwan Semiconductor Manufacturing in a report on Tuesday, February 18th. 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. 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 given a buy rating to the stock. According to data from MarketBeat, the company has an average 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.