70,352 Shares in Taiwan Semiconductor Manufacturing Company Ltd. $TSM Purchased by Cardinal Capital Management Inc.

Cardinal Capital Management Inc. bought a new position in Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM) in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 70,352 shares of the semiconductor company’s stock, valued at approximately $19,649,000.

A number of other institutional investors have also recently made changes to their positions in TSM. Brighton Jones LLC lifted its holdings in shares of Taiwan Semiconductor Manufacturing by 20.9% during the 4th 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 during the period. Charles Schwab Investment Management Inc. bought a new position in Taiwan Semiconductor Manufacturing in the first quarter valued at about $908,000. Steward Partners Investment Advisory LLC boosted its position in Taiwan Semiconductor Manufacturing by 34.2% in the first quarter. Steward Partners Investment Advisory LLC now owns 77,987 shares of the semiconductor company’s stock worth $12,946,000 after purchasing an additional 19,889 shares during the last quarter. Freestone Capital Holdings LLC grew its stake in shares of Taiwan Semiconductor Manufacturing by 13.3% during the 1st quarter. Freestone Capital Holdings LLC now owns 4,352 shares of the semiconductor company’s stock valued at $722,000 after purchasing an additional 512 shares during the period. Finally, Brooklyn Investment Group increased its position in shares of Taiwan Semiconductor Manufacturing by 246.3% during the 1st quarter. Brooklyn Investment Group now owns 9,212 shares of the semiconductor company’s stock valued at $1,529,000 after purchasing an additional 6,552 shares during the last quarter. Hedge funds and other institutional investors own 16.51% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently issued reports on TSM shares. Susquehanna boosted their target price on shares of Taiwan Semiconductor Manufacturing from $300.00 to $400.00 and gave the company a “positive” rating in a research report on Friday, October 10th. Weiss Ratings reissued a “buy (b-)” rating on shares of Taiwan Semiconductor Manufacturing in a research report on Monday, December 8th. Wall Street Zen upgraded Taiwan Semiconductor Manufacturing from a “hold” rating to a “buy” rating in a research note on Sunday. Citigroup reiterated a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a research report on Friday, October 17th. Finally, UBS Group set a $330.00 price objective on Taiwan Semiconductor Manufacturing in a research note on Sunday, December 7th. Seven analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Taiwan Semiconductor Manufacturing has an average rating of “Buy” and an average target price of $355.00.

Taiwan Semiconductor Manufacturing Stock Performance

NYSE:TSM opened at $287.79 on Tuesday. The stock has a 50-day moving average price of $293.35 and a 200 day moving average price of $257.82. The stock has a market capitalization of $1.49 trillion, a P/E ratio of 29.52, a P/E/G ratio of 1.00 and a beta of 1.31. Taiwan Semiconductor Manufacturing Company Ltd. has a 12-month low of $134.25 and a 12-month high of $313.98. The company has a current ratio of 2.69, a quick ratio of 2.47 and a debt-to-equity ratio of 0.19.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last posted its quarterly earnings results on Thursday, October 16th. The semiconductor company reported $2.92 earnings per share for the quarter, topping the consensus estimate of $2.59 by $0.33. Taiwan Semiconductor Manufacturing had a return on equity of 34.34% and a net margin of 43.72%.The business had revenue of $32.36 billion during the quarter, compared to the consensus estimate of $951.89 billion. During the same period in the prior year, the company posted $1.94 EPS. The firm’s revenue for the quarter was up 40.1% compared to the same quarter last year. Equities research analysts forecast that Taiwan Semiconductor Manufacturing Company Ltd. will post 9.2 EPS for the current fiscal year.

Taiwan Semiconductor Manufacturing Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 9th. Stockholders of record on Tuesday, March 17th will be issued a $0.9678 dividend. This represents a $3.87 annualized dividend and a dividend yield of 1.3%. This is a positive change from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.83. The ex-dividend date of this dividend is Tuesday, March 17th. Taiwan Semiconductor Manufacturing’s payout ratio is presently 25.85%.

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.