Family Legacy Inc. Raises Stake in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Family Legacy Inc. boosted its stake in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 0.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 29,554 shares of the semiconductor company’s stock after purchasing an additional 108 shares during the quarter. Taiwan Semiconductor Manufacturing comprises 2.1% of Family Legacy Inc.’s holdings, making the stock its 8th largest holding. Family Legacy Inc.’s holdings in Taiwan Semiconductor Manufacturing were worth $6,121,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

Taiwan Semiconductor Manufacturing Price Performance

TSM stock opened at $165.82 on Monday. Taiwan Semiconductor Manufacturing Company Limited has a 12-month low of $125.78 and a 12-month high of $226.40. The stock has a 50-day moving average price of $192.35 and a two-hundred day moving average price of $192.71. The company has a market cap of $860.00 billion, a PE ratio of 23.55, a price-to-earnings-growth ratio of 0.66 and a beta of 1.13. 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 posted its quarterly earnings data on Thursday, January 16th. The semiconductor company reported $2.24 earnings per share 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 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 disclosed a quarterly dividend, which will be paid on Thursday, July 10th. Investors of record on Thursday, June 12th will be given a dividend of $0.6855 per share. The ex-dividend date of this dividend is Thursday, June 12th. This represents a $2.74 dividend on an annualized basis and a yield of 1.65%. This is a positive change from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.55. Taiwan Semiconductor Manufacturing’s payout ratio is currently 30.68%.

Analysts Set New Price Targets

TSM has been the topic of several recent research reports. StockNews.com downgraded shares of Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a research note on Tuesday, January 28th. Barclays upped their target price on shares of Taiwan Semiconductor Manufacturing from $240.00 to $255.00 and gave the company an “overweight” rating in a report on Friday, January 17th. Finally, Needham & Company LLC reiterated 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 investment 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 presently has an average rating of “Moderate Buy” and an average target price of $220.00.

Taiwan Semiconductor Manufacturing 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.