Mackenzie Financial Corp Buys 5,732 Shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Mackenzie Financial Corp lifted its stake in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 6.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 91,559 shares of the semiconductor company’s stock after acquiring an additional 5,732 shares during the quarter. Mackenzie Financial Corp’s holdings in Taiwan Semiconductor Manufacturing were worth $9,522,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. PCA Investment Advisory Services Inc. bought a new stake in shares of Taiwan Semiconductor Manufacturing in the second quarter worth approximately $29,000. Farmers & Merchants Investments Inc. bought a new stake in shares of Taiwan Semiconductor Manufacturing in the fourth quarter worth approximately $31,000. Creative Financial Designs Inc. ADV grew its stake in shares of Taiwan Semiconductor Manufacturing by 108.7% in the fourth quarter. Creative Financial Designs Inc. ADV now owns 311 shares of the semiconductor company’s stock worth $32,000 after acquiring an additional 162 shares during the period. Financial Gravity Asset Management Inc. grew its stake in shares of Taiwan Semiconductor Manufacturing by 208.9% in the third quarter. Financial Gravity Asset Management Inc. now owns 312 shares of the semiconductor company’s stock worth $27,000 after acquiring an additional 211 shares during the period. Finally, Retirement Group LLC grew its stake in shares of Taiwan Semiconductor Manufacturing by 82.5% in the second quarter. Retirement Group LLC now owns 334 shares of the semiconductor company’s stock worth $34,000 after acquiring an additional 151 shares during the period. 16.51% of the stock is currently owned by institutional investors.

Taiwan Semiconductor Manufacturing Price Performance

Shares of NYSE:TSM opened at $127.71 on Friday. 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 1-year low of $81.21 and a 1-year high of $158.40. The company has a market capitalization of $662.36 billion, a P/E ratio of 24.33, a P/E/G ratio of 1.02 and a beta of 1.15. The firm’s 50 day simple moving average is $136.50 and its two-hundred day simple moving average is $113.02.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last issued its quarterly earnings results on Thursday, January 18th. The semiconductor company reported $1.44 earnings per share for the quarter, beating the consensus estimate of $1.37 by $0.07. Taiwan Semiconductor Manufacturing had a net margin of 38.15% and a return on equity of 25.21%. The business had revenue of $19.62 billion for the quarter, compared to the consensus estimate of $18.99 billion. Research analysts expect that Taiwan Semiconductor Manufacturing Company Limited will post 6.13 EPS for the current fiscal year.

Taiwan Semiconductor Manufacturing Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 11th. Shareholders of record on Thursday, June 13th will be issued a dividend of $0.4408 per share. This represents a $1.76 annualized dividend and a yield of 1.38%. The ex-dividend date of this dividend is Thursday, June 13th. Taiwan Semiconductor Manufacturing’s dividend payout ratio is currently 32.76%.

Analyst Ratings Changes

TSM has been the subject of a number of research analyst reports. Needham & Company LLC reiterated a “buy” rating and issued a $168.00 price target on shares of Taiwan Semiconductor Manufacturing in a research note on Thursday. Susquehanna raised their price objective on shares of Taiwan Semiconductor Manufacturing from $160.00 to $180.00 and gave the stock a “positive” rating in a report on Tuesday, April 2nd. Barclays raised their price objective on shares of Taiwan Semiconductor Manufacturing from $145.00 to $150.00 and gave the stock an “overweight” rating in a report on Friday. TD Cowen raised their price objective on shares of Taiwan Semiconductor Manufacturing from $100.00 to $130.00 and gave the stock a “hold” rating in a report on Thursday. Finally, StockNews.com raised shares of Taiwan Semiconductor Manufacturing from a “hold” rating to a “buy” rating in a report on Thursday, April 11th. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $157.00.

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.