Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) Shares Acquired by Intrust Bank NA

Intrust Bank NA grew its stake in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 3.4% in the 4th quarter, HoldingsChannel reports. The firm owned 15,356 shares of the semiconductor company’s stock after acquiring an additional 504 shares during the quarter. Intrust Bank NA’s holdings in Taiwan Semiconductor Manufacturing were worth $3,033,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Van ECK Associates Corp lifted its stake in Taiwan Semiconductor Manufacturing by 6.0% during the fourth quarter. Van ECK Associates Corp now owns 19,392,159 shares of the semiconductor company’s stock valued at $3,829,757,000 after buying an additional 1,102,166 shares in the last quarter. GQG Partners LLC lifted its position in shares of Taiwan Semiconductor Manufacturing by 11.0% in the 4th quarter. GQG Partners LLC now owns 7,819,269 shares of the semiconductor company’s stock valued at $1,544,227,000 after acquiring an additional 777,090 shares in the last quarter. Jennison Associates LLC boosted its stake in Taiwan Semiconductor Manufacturing by 72.9% in the 4th quarter. Jennison Associates LLC now owns 6,949,520 shares of the semiconductor company’s stock worth $1,372,461,000 after purchasing an additional 2,931,209 shares during the period. Janus Henderson Group PLC grew its position in Taiwan Semiconductor Manufacturing by 19.9% during the 3rd quarter. Janus Henderson Group PLC now owns 6,485,854 shares of the semiconductor company’s stock worth $1,126,420,000 after purchasing an additional 1,075,425 shares in the last quarter. Finally, Franklin Resources Inc. raised its stake in Taiwan Semiconductor Manufacturing by 13.2% during the 3rd quarter. Franklin Resources Inc. now owns 6,423,734 shares of the semiconductor company’s stock valued at $1,234,706,000 after purchasing an additional 750,515 shares during the period. Institutional investors and hedge funds own 16.51% of the company’s stock.

Taiwan Semiconductor Manufacturing Stock Performance

Shares of NYSE TSM opened at $165.82 on Friday. Taiwan Semiconductor Manufacturing Company Limited has a one year low of $125.78 and a one year high of $226.40. The business’s 50-day moving average price is $192.35 and its two-hundred day moving average price is $192.34. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.57 and a quick ratio of 2.30. The company has a market capitalization of $860.00 billion, a P/E ratio of 23.55, a price-to-earnings-growth ratio of 0.66 and a beta of 1.13.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last released its quarterly earnings data on Thursday, January 16th. The semiconductor company reported $2.24 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%. Analysts anticipate that Taiwan Semiconductor Manufacturing Company Limited will post 9.2 earnings per share for the current fiscal year.

Taiwan Semiconductor Manufacturing Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 10th. Investors of record on Thursday, June 12th will be paid a $0.6855 dividend. This represents a $2.74 annualized dividend and a dividend yield of 1.65%. The ex-dividend date of this dividend is Thursday, June 12th. This is a positive change from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.55. Taiwan Semiconductor Manufacturing’s payout ratio is presently 30.68%.

Analyst Upgrades and Downgrades

TSM has been the topic of a number of research analyst reports. StockNews.com downgraded Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a report on Tuesday, January 28th. Barclays lifted their target price on Taiwan Semiconductor Manufacturing from $240.00 to $255.00 and gave the company an “overweight” rating in a research note on Friday, January 17th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $225.00 price target on shares of Taiwan Semiconductor Manufacturing in a research report on Tuesday, February 18th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target 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.