McLean Asset Management Corp Invests $208,000 in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

McLean Asset Management Corp bought a new stake in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 1,052 shares of the semiconductor company’s stock, valued at approximately $208,000.

Other large investors have also modified their holdings of the company. ProShare Advisors LLC grew its position in Taiwan Semiconductor Manufacturing by 25.2% during the 2nd quarter. ProShare Advisors LLC now owns 1,935 shares of the semiconductor company’s stock worth $336,000 after purchasing an additional 390 shares during the last quarter. Xponance Inc. grew its holdings in shares of Taiwan Semiconductor Manufacturing by 12.3% during the second quarter. Xponance Inc. now owns 5,209 shares of the semiconductor company’s stock valued at $905,000 after buying an additional 572 shares during the last quarter. Lighthouse Investment Partners LLC acquired a new position in shares of Taiwan Semiconductor Manufacturing in the 2nd quarter valued at $362,000. Ascent Group LLC raised its stake in Taiwan Semiconductor Manufacturing by 11.8% in the 2nd quarter. Ascent Group LLC now owns 4,993 shares of the semiconductor company’s stock worth $868,000 after acquiring an additional 525 shares during the last quarter. Finally, Full Sail Capital LLC lifted its position in Taiwan Semiconductor Manufacturing by 5.3% during the 2nd quarter. Full Sail Capital LLC now owns 2,455 shares of the semiconductor company’s stock worth $427,000 after acquiring an additional 123 shares during the period. Hedge funds and other institutional investors own 16.51% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on TSM. Barclays increased their price objective on Taiwan Semiconductor Manufacturing from $240.00 to $255.00 and gave the company an “overweight” rating in a report on Friday, January 17th. Needham & Company LLC reissued a “buy” rating and set a $225.00 price target on shares of Taiwan Semiconductor Manufacturing in a research report on Thursday, January 16th. StockNews.com raised shares of Taiwan Semiconductor Manufacturing from a “hold” rating to a “buy” rating in a report on Monday, January 20th. Finally, Susquehanna reissued a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a report on Friday, October 18th. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $220.00.

Taiwan Semiconductor Manufacturing Stock Down 1.3 %

Shares of TSM stock opened at $221.73 on Monday. The company has a current ratio of 2.57, a quick ratio of 2.30 and a debt-to-equity ratio of 0.24. Taiwan Semiconductor Manufacturing Company Limited has a twelve month low of $112.61 and a twelve month high of $226.40. The stock has a 50 day moving average of $201.07 and a 200 day moving average of $185.72. The stock has a market cap of $1.15 trillion, a P/E ratio of 31.50, a P/E/G ratio of 0.74 and a beta of 1.07.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last posted its earnings results on Thursday, January 16th. The semiconductor company reported $2.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.16 by $0.08. Taiwan Semiconductor Manufacturing had a net margin of 40.51% and a return on equity of 30.47%. As a group, sell-side analysts expect that Taiwan Semiconductor Manufacturing Company Limited will post 9.12 EPS for the current year.

Taiwan Semiconductor Manufacturing Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 10th. Investors of record on Tuesday, March 18th will be paid a $0.5484 dividend. This represents a $2.19 annualized dividend and a dividend yield of 0.99%. The ex-dividend date is Tuesday, March 18th. This is a positive change from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. Taiwan Semiconductor Manufacturing’s payout ratio is currently 27.27%.

About Taiwan Semiconductor Manufacturing

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.