Shilanski & Associates Inc. Acquires Shares of 1,219 Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Shilanski & Associates Inc. bought a new position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) in the fourth quarter, HoldingsChannel.com reports. The fund bought 1,219 shares of the semiconductor company’s stock, valued at approximately $241,000.

A number of other hedge funds have also modified their holdings of the stock. MFA Wealth Services acquired a new position in Taiwan Semiconductor Manufacturing during the fourth quarter worth $812,000. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH grew its holdings in shares of Taiwan Semiconductor Manufacturing by 7.0% in the 4th quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH now owns 38,466 shares of the semiconductor company’s stock worth $7,708,000 after purchasing an additional 2,518 shares during the last quarter. Cornerstone Wealth Management LLC increased its position in shares of Taiwan Semiconductor Manufacturing by 4.4% during the 4th quarter. Cornerstone Wealth Management LLC now owns 7,121 shares of the semiconductor company’s stock worth $1,406,000 after purchasing an additional 297 shares in the last quarter. Brighton Jones LLC boosted its position in Taiwan Semiconductor Manufacturing by 20.9% in the fourth quarter. Brighton Jones LLC now owns 10,930 shares of the semiconductor company’s stock valued at $2,159,000 after buying an additional 1,892 shares in the last quarter. Finally, Montecito Bank & Trust grew its stake in Taiwan Semiconductor Manufacturing by 14.7% during the fourth quarter. Montecito Bank & Trust now owns 11,721 shares of the semiconductor company’s stock worth $2,315,000 after buying an additional 1,500 shares during the last quarter. 16.51% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on TSM. Barclays lifted their target price on shares of Taiwan Semiconductor Manufacturing from $240.00 to $255.00 and gave the company an “overweight” rating in a research note on Friday, January 17th. Susquehanna reaffirmed a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a report on Friday, October 18th. StockNews.com raised Taiwan Semiconductor Manufacturing from a “hold” rating to a “buy” rating in a research note on Monday. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $225.00 price target on shares of Taiwan Semiconductor Manufacturing in a report on Thursday, January 16th. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, Taiwan Semiconductor Manufacturing has a consensus rating of “Moderate Buy” and an average target price of $220.00.

Taiwan Semiconductor Manufacturing Stock Performance

Shares of Taiwan Semiconductor Manufacturing stock opened at $224.36 on Friday. Taiwan Semiconductor Manufacturing Company Limited has a 52 week low of $112.61 and a 52 week high of $225.43. The company has a debt-to-equity ratio of 0.24, a quick ratio of 2.30 and a current ratio of 2.57. The stock has a market capitalization of $1.16 trillion, a price-to-earnings ratio of 31.87, a PEG ratio of 0.74 and a beta of 1.07. The firm has a fifty day moving average of $199.64 and a two-hundred day moving average of $185.24.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last released 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 return on equity of 30.47% and a net margin of 40.51%. As a group, equities research analysts predict that Taiwan Semiconductor Manufacturing Company Limited will post 9.12 EPS for the current year.

Taiwan Semiconductor Manufacturing Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 10th. Investors of record on Tuesday, March 18th will be issued a dividend of $0.5484 per share. The ex-dividend date of this dividend is Tuesday, March 18th. This represents a $2.19 dividend on an annualized basis and a yield of 0.98%. This is a boost from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. Taiwan Semiconductor Manufacturing’s payout ratio is currently 27.27%.

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.