GM Advisory Group Inc. raised its holdings in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM – Get Rating) by 4.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 8,703 shares of the semiconductor company’s stock after acquiring an additional 400 shares during the quarter. GM Advisory Group Inc.’s holdings in Taiwan Semiconductor Manufacturing were worth $1,047,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds and other institutional investors have also modified their holdings of the business. NS Partners Ltd lifted its holdings in Taiwan Semiconductor Manufacturing by 36.0% in the 4th quarter. NS Partners Ltd now owns 288,699 shares of the semiconductor company’s stock valued at $34,733,000 after acquiring an additional 76,376 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. lifted its holdings in Taiwan Semiconductor Manufacturing by 58.1% in the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 520,528 shares of the semiconductor company’s stock valued at $62,625,000 after acquiring an additional 191,199 shares during the last quarter. Empowered Funds LLC lifted its holdings in Taiwan Semiconductor Manufacturing by 52.3% in the 4th quarter. Empowered Funds LLC now owns 6,323 shares of the semiconductor company’s stock valued at $761,000 after acquiring an additional 2,170 shares during the last quarter. Sonen Capital LLC acquired a new stake in Taiwan Semiconductor Manufacturing during the 4th quarter worth about $1,843,000. Finally, Sageworth Trust Co of South Dakota acquired a new stake in Taiwan Semiconductor Manufacturing during the 4th quarter worth about $80,000.
A number of brokerages have recently weighed in on TSM. StockNews.com began coverage on Taiwan Semiconductor Manufacturing in a report on Thursday, March 31st. They issued a “buy” rating on the stock. DZ Bank began coverage on Taiwan Semiconductor Manufacturing in a report on Wednesday, January 12th. They issued a “buy” rating and a $145.00 target price on the stock. Zacks Investment Research downgraded Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a report on Wednesday, April 20th. Cowen upped their target price on Taiwan Semiconductor Manufacturing from $120.00 to $125.00 in a report on Tuesday, January 11th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $125.00 target price on shares of Taiwan Semiconductor Manufacturing in a report on Thursday, April 14th. Five research analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, Taiwan Semiconductor Manufacturing currently has an average rating of “Buy” and a consensus price target of $135.50.
Taiwan Semiconductor Manufacturing (NYSE:TSM – Get Rating) last announced its earnings results on Thursday, April 14th. The semiconductor company reported $1.39 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.33 by $0.06. The firm had revenue of $491.08 billion during the quarter, compared to analysts’ expectations of $471.53 billion. Taiwan Semiconductor Manufacturing had a return on equity of 31.70% and a net margin of 38.44%. The company’s revenue was up 35.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.96 earnings per share. On average, research analysts predict that Taiwan Semiconductor Manufacturing Company Limited will post 5.93 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, July 14th. Shareholders of record on Friday, June 17th will be given a dividend of $0.3897 per share. The ex-dividend date of this dividend is Thursday, June 16th. This represents a $1.56 dividend on an annualized basis and a yield of 1.70%. Taiwan Semiconductor Manufacturing’s payout ratio is currently 32.89%.
Taiwan Semiconductor Manufacturing Company Profile (Get Rating)
Taiwan Semiconductor Manufacturing Company Limited 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 complementary metal oxide silicon wafer fabrication processes to manufacture logic, mixed-signal, radio frequency, and embedded memory semiconductors.
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