1,976 Shares in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) Acquired by Argus Investors Counsel Inc.

Argus Investors Counsel Inc. acquired a new position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 1,976 shares of the semiconductor company’s stock, valued at approximately $206,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Congress Wealth Management LLC DE boosted its position in Taiwan Semiconductor Manufacturing by 2.2% during the 3rd quarter. Congress Wealth Management LLC DE now owns 30,905 shares of the semiconductor company’s stock valued at $2,686,000 after acquiring an additional 671 shares in the last quarter. UniSuper Management Pty Ltd bought a new stake in Taiwan Semiconductor Manufacturing during the 2nd quarter valued at $39,611,000. Metropolis Capital Ltd boosted its position in Taiwan Semiconductor Manufacturing by 21.0% during the 3rd quarter. Metropolis Capital Ltd now owns 1,136,061 shares of the semiconductor company’s stock valued at $98,724,000 after acquiring an additional 196,867 shares in the last quarter. LGT Capital Partners LTD. boosted its position in Taiwan Semiconductor Manufacturing by 4.4% during the 3rd quarter. LGT Capital Partners LTD. now owns 1,554,790 shares of the semiconductor company’s stock valued at $135,111,000 after acquiring an additional 65,220 shares in the last quarter. Finally, Naples Global Advisors LLC lifted its holdings in shares of Taiwan Semiconductor Manufacturing by 1.0% during the 3rd quarter. Naples Global Advisors LLC now owns 110,356 shares of the semiconductor company’s stock valued at $9,640,000 after purchasing an additional 1,085 shares during the last quarter. Institutional investors own 16.51% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently commented on the company. StockNews.com upgraded Taiwan Semiconductor Manufacturing from a “hold” rating to a “buy” rating in a report on Friday, December 8th. Susquehanna increased their price objective on Taiwan Semiconductor Manufacturing from $130.00 to $160.00 and gave the company a “positive” rating in a report on Tuesday, February 13th. Barclays raised their target price on Taiwan Semiconductor Manufacturing from $110.00 to $125.00 and gave the stock an “overweight” rating in a research note on Friday, January 19th. TD Cowen raised their target price on Taiwan Semiconductor Manufacturing from $85.00 to $95.00 and gave the stock a “market perform” rating in a research note on Friday, January 12th. Finally, Needham & Company LLC raised their target price on Taiwan Semiconductor Manufacturing from $115.00 to $133.00 and gave the stock a “buy” rating in a research note on Friday, January 19th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $128.25.

Taiwan Semiconductor Manufacturing Stock Performance

NYSE TSM opened at $136.05 on Monday. The stock has a 50-day simple moving average of $129.99 and a two-hundred day simple moving average of $107.63. The firm has a market capitalization of $705.61 billion, a P/E ratio of 26.26, a PEG ratio of 1.04 and a beta of 1.15. Taiwan Semiconductor Manufacturing Company Limited has a fifty-two week low of $81.21 and a fifty-two week high of $158.40. The company has a debt-to-equity ratio of 0.26, a quick ratio of 2.13 and a current ratio of 2.40.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last released its quarterly earnings data on Thursday, January 18th. The semiconductor company reported $1.44 earnings per share for the quarter, beating analysts’ consensus estimates of $1.37 by $0.07. The business had revenue of $19.62 billion during the quarter, compared to analyst estimates of $18.99 billion. Taiwan Semiconductor Manufacturing had a return on equity of 25.24% and a net margin of 38.80%. On average, equities analysts forecast that Taiwan Semiconductor Manufacturing Company Limited will post 6.16 earnings per share for the current year.

Taiwan Semiconductor Manufacturing Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 11th. Investors of record on Thursday, June 13th will be issued a $0.4408 dividend. The ex-dividend date is Thursday, June 13th. This represents a $1.76 dividend on an annualized basis and a yield of 1.30%. Taiwan Semiconductor Manufacturing’s payout ratio is 33.78%.

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.