International Assets Investment Management LLC Increases Holdings in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

International Assets Investment Management LLC grew its holdings in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 5,620.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 213,942 shares of the semiconductor company’s stock after purchasing an additional 210,202 shares during the quarter. International Assets Investment Management LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $22,250,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Baystate Wealth Management LLC increased its position in shares of Taiwan Semiconductor Manufacturing by 1,333.3% during the 2nd quarter. Baystate Wealth Management LLC now owns 258 shares of the semiconductor company’s stock valued at $26,000 after purchasing an additional 240 shares during the last quarter. Financial Gravity Asset Management Inc. increased its position in shares of Taiwan Semiconductor Manufacturing by 208.9% during the 3rd quarter. Financial Gravity Asset Management Inc. now owns 312 shares of the semiconductor company’s stock valued at $27,000 after purchasing an additional 211 shares during the last quarter. MBM Wealth Consultants LLC purchased a new stake in shares of Taiwan Semiconductor Manufacturing during the 4th quarter valued at $27,000. PCA Investment Advisory Services Inc. purchased a new stake in Taiwan Semiconductor Manufacturing in the 2nd quarter worth about $29,000. Finally, First Financial Corp IN purchased a new stake in Taiwan Semiconductor Manufacturing in the 3rd quarter worth about $31,000. 16.51% of the stock is owned by hedge funds and other institutional investors.

Taiwan Semiconductor Manufacturing Price Performance

Shares of Taiwan Semiconductor Manufacturing stock opened at $146.21 on Thursday. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.40 and a quick ratio of 2.13. Taiwan Semiconductor Manufacturing Company Limited has a one year low of $81.21 and a one year high of $158.40. The stock has a market capitalization of $758.31 billion, a P/E ratio of 28.23, a price-to-earnings-growth ratio of 1.09 and a beta of 1.15. The business’s 50 day simple moving average is $134.31 and its two-hundred day simple moving average is $110.65.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last posted its earnings results on Thursday, January 18th. The semiconductor company reported $1.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.37 by $0.07. Taiwan Semiconductor Manufacturing had a return on equity of 25.24% and a net margin of 38.80%. The firm had revenue of $19.62 billion for the quarter, compared to analysts’ expectations of $18.99 billion. Analysts forecast that Taiwan Semiconductor Manufacturing Company Limited will post 6.15 EPS for the current year.

Taiwan Semiconductor Manufacturing Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 11th. Investors of record on Thursday, June 13th will be given a dividend of $0.4408 per share. The ex-dividend date is Thursday, June 13th. This represents a $1.76 annualized dividend and a dividend yield of 1.21%. Taiwan Semiconductor Manufacturing’s dividend payout ratio is presently 33.98%.

Analysts Set New Price Targets

Several brokerages recently weighed in on TSM. TD Cowen lifted their price objective on Taiwan Semiconductor Manufacturing from $85.00 to $95.00 and gave the stock a “market perform” rating in a report on Friday, January 12th. Needham & Company LLC lifted their price target on Taiwan Semiconductor Manufacturing from $133.00 to $168.00 and gave the company a “buy” rating in a research report on Wednesday. Susquehanna boosted their target price on Taiwan Semiconductor Manufacturing from $160.00 to $180.00 and gave the stock a “positive” rating in a research report on Tuesday, April 2nd. StockNews.com upgraded Taiwan Semiconductor Manufacturing from a “hold” rating to a “buy” rating in a research report on Thursday. Finally, Barclays boosted their target price on Taiwan Semiconductor Manufacturing from $125.00 to $145.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 2nd. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, Taiwan Semiconductor Manufacturing presently has a consensus rating of “Moderate Buy” and a consensus price target of $147.00.

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 complementary metal oxide silicon wafer fabrication processes to manufacture logic, mixed-signal, radio frequency, and embedded memory semiconductors.