Ted Buchan & Co Increases Holdings in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Ted Buchan & Co lifted its position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 4.2% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 5,717 shares of the semiconductor company’s stock after buying an additional 231 shares during the period. Ted Buchan & Co’s holdings in Taiwan Semiconductor Manufacturing were worth $1,129,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently modified their holdings of the company. Perennial Investment Advisors LLC raised its position in Taiwan Semiconductor Manufacturing by 1.6% in the fourth quarter. Perennial Investment Advisors LLC now owns 6,510 shares of the semiconductor company’s stock worth $1,286,000 after acquiring an additional 100 shares during the period. Sit Investment Associates Inc. raised its holdings in Taiwan Semiconductor Manufacturing by 3.3% in the 4th quarter. Sit Investment Associates Inc. now owns 20,214 shares of the semiconductor company’s stock worth $3,992,000 after purchasing an additional 639 shares during the period. Marcho Partners LLP raised its holdings in Taiwan Semiconductor Manufacturing by 72.2% in the 4th quarter. Marcho Partners LLP now owns 223,331 shares of the semiconductor company’s stock worth $44,106,000 after purchasing an additional 93,625 shares during the period. Katamaran Capital LLP purchased a new position in Taiwan Semiconductor Manufacturing during the fourth quarter valued at $5,446,000. Finally, Pilgrim Partners Asia Pte Ltd bought a new stake in Taiwan Semiconductor Manufacturing during the fourth quarter valued at about $160,000. Institutional investors own 16.51% of the company’s stock.

Analyst Upgrades and Downgrades

TSM has been the topic of a number of analyst reports. Barclays lifted their price objective on Taiwan Semiconductor Manufacturing from $240.00 to $255.00 and gave the company an “overweight” rating in a research report on Friday, January 17th. Needham & Company LLC reaffirmed a “buy” rating and set a $225.00 price target on shares of Taiwan Semiconductor Manufacturing in a report on Tuesday, February 18th. Finally, StockNews.com lowered shares of Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a research 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 company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $220.00.

Taiwan Semiconductor Manufacturing Trading Down 6.7 %

TSM stock opened at $146.88 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. Taiwan Semiconductor Manufacturing Company Limited has a 1-year low of $125.78 and a 1-year high of $226.40. The business has a 50 day simple moving average of $186.54 and a two-hundred day simple moving average of $192.09. The company has a market capitalization of $761.76 billion, a price-to-earnings ratio of 20.86, a PEG ratio of 0.66 and a beta of 1.16.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last posted its 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%. Research analysts anticipate that Taiwan Semiconductor Manufacturing Company Limited will post 9.2 EPS for the current fiscal year.

Taiwan Semiconductor Manufacturing Increases Dividend

The company also recently declared 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. The ex-dividend date is Thursday, June 12th. This is a positive change from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.55. This represents a $2.74 dividend on an annualized basis and a yield of 1.87%. Taiwan Semiconductor Manufacturing’s dividend payout ratio is presently 30.68%.

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.