Dorsey Wright & Associates Takes $2.46 Million Position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Dorsey Wright & Associates bought a new stake in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 12,440 shares of the semiconductor company’s stock, valued at approximately $2,457,000.

A number of other institutional investors also recently bought and sold shares of the stock. Cynosure Group LLC bought a new position in Taiwan Semiconductor Manufacturing during the 3rd quarter valued at about $241,000. Blueshift Asset Management LLC bought a new position in shares of Taiwan Semiconductor Manufacturing during the third quarter valued at approximately $206,000. CreativeOne Wealth LLC raised its holdings in shares of Taiwan Semiconductor Manufacturing by 29.0% in the third quarter. CreativeOne Wealth LLC now owns 5,323 shares of the semiconductor company’s stock worth $925,000 after buying an additional 1,198 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Taiwan Semiconductor Manufacturing by 211.4% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 46,005 shares of the semiconductor company’s stock worth $7,990,000 after acquiring an additional 31,231 shares during the last quarter. Finally, Fiduciary Trust Co boosted its holdings in Taiwan Semiconductor Manufacturing by 63.9% during the 3rd quarter. Fiduciary Trust Co now owns 4,157 shares of the semiconductor company’s stock valued at $722,000 after acquiring an additional 1,621 shares during the period. 16.51% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the company. StockNews.com lowered Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a research note on Tuesday, January 28th. Needham & Company LLC reiterated a “buy” rating and set a $225.00 price objective on shares of Taiwan Semiconductor Manufacturing in a report on Tuesday, February 18th. Finally, Barclays upped 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 note on Friday, January 17th. Two investment 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 currently has an average rating of “Moderate Buy” and an average price target of $220.00.

Taiwan Semiconductor Manufacturing Stock Down 1.4 %

Shares of Taiwan Semiconductor Manufacturing stock opened at $165.82 on Friday. 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 stock has a market cap of $860.00 billion, a price-to-earnings ratio of 23.55, a PEG ratio of 0.66 and a beta of 1.13. The firm’s 50-day moving average is $192.35 and its two-hundred day moving average is $192.55. Taiwan Semiconductor Manufacturing Company Limited has a 1 year low of $125.78 and a 1 year high of $226.40.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last released its quarterly earnings data on Thursday, January 16th. The semiconductor company reported $2.24 earnings per share (EPS) for the quarter, beating 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 expect that Taiwan Semiconductor Manufacturing Company Limited will post 9.2 earnings per share 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. Investors of record on Thursday, June 12th will be paid a dividend of $0.6855 per share. This is a boost from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.55. This represents a $2.74 dividend on an annualized basis and a dividend yield of 1.65%. The ex-dividend date of this dividend is Thursday, June 12th. Taiwan Semiconductor Manufacturing’s dividend payout ratio is 30.68%.

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.