KCM Investment Advisors LLC Increases Stock Holdings in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

KCM Investment Advisors LLC boosted its position in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 8.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 8,406 shares of the semiconductor company’s stock after buying an additional 682 shares during the period. KCM Investment Advisors LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $1,460,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. BOKF NA boosted its stake in shares of Taiwan Semiconductor Manufacturing by 4.8% during the first quarter. BOKF NA now owns 1,762 shares of the semiconductor company’s stock worth $249,000 after buying an additional 81 shares during the period. HF Advisory Group LLC grew its stake in shares of Taiwan Semiconductor Manufacturing by 55.5% in the 3rd quarter. HF Advisory Group LLC now owns 13,755 shares of the semiconductor company’s stock valued at $2,389,000 after purchasing an additional 4,907 shares during the last quarter. Impax Asset Management Group plc increased its holdings in shares of Taiwan Semiconductor Manufacturing by 33.7% in the third quarter. Impax Asset Management Group plc now owns 26,418 shares of the semiconductor company’s stock valued at $4,588,000 after purchasing an additional 6,664 shares during the period. Advisor Resource Council purchased a new stake in shares of Taiwan Semiconductor Manufacturing during the third quarter worth approximately $613,000. Finally, Callahan Advisors LLC lifted its holdings in shares of Taiwan Semiconductor Manufacturing by 67.1% during the third quarter. Callahan Advisors LLC now owns 8,360 shares of the semiconductor company’s stock worth $1,452,000 after purchasing an additional 3,358 shares during the period. Hedge funds and other institutional investors own 16.51% of the company’s stock.

Taiwan Semiconductor Manufacturing Stock Performance

Taiwan Semiconductor Manufacturing stock opened at $186.03 on Friday. The company has a market cap of $964.83 billion, a price-to-earnings ratio of 29.81, a price-to-earnings-growth ratio of 0.89 and a beta of 1.12. The company has a debt-to-equity ratio of 0.23, a current ratio of 2.57 and a quick ratio of 2.30. Taiwan Semiconductor Manufacturing Company Limited has a 12 month low of $95.25 and a 12 month high of $212.60. The stock’s 50-day moving average is $185.79 and its 200-day moving average is $171.92.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last posted its earnings results on Thursday, October 17th. The semiconductor company reported $1.94 earnings per share for the quarter, beating the consensus estimate of $1.74 by $0.20. Taiwan Semiconductor Manufacturing had a net margin of 39.10% and a return on equity of 27.30%. The business had revenue of $23.50 billion for the quarter, compared to analyst estimates of $22.72 billion. Equities analysts anticipate that Taiwan Semiconductor Manufacturing Company Limited will post 6.73 earnings per share for the current year.

Taiwan Semiconductor Manufacturing Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 10th. Investors of record on Tuesday, March 18th will be paid a dividend of $0.5484 per share. This is an increase from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. The ex-dividend date of this dividend is Tuesday, March 18th. This represents a $2.19 annualized dividend and a yield of 1.18%. Taiwan Semiconductor Manufacturing’s payout ratio is 31.57%.

Wall Street Analyst Weigh In

Several analysts have recently commented on TSM shares. StockNews.com raised Taiwan Semiconductor Manufacturing from a “hold” rating to a “buy” rating in a report on Saturday, November 9th. Barclays boosted their target price on shares of Taiwan Semiconductor Manufacturing from $200.00 to $215.00 and gave the company an “overweight” rating in a research note on Wednesday, October 23rd. Needham & Company LLC reiterated a “buy” rating and issued a $210.00 price target on shares of Taiwan Semiconductor Manufacturing in a report on Thursday, October 17th. Finally, Susquehanna restated a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a report on Friday, October 18th. One analyst has rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $209.00.

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.