Triasima Portfolio Management inc. Invests $2.42 Million in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Triasima Portfolio Management inc. bought a new position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor bought 12,240 shares of the semiconductor company’s stock, valued at approximately $2,417,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Mount Yale Investment Advisors LLC grew its position in shares of Taiwan Semiconductor Manufacturing by 4.3% in the 4th quarter. Mount Yale Investment Advisors LLC now owns 35,709 shares of the semiconductor company’s stock worth $7,052,000 after buying an additional 1,476 shares during the period. OLD National Bancorp IN grew its position in shares of Taiwan Semiconductor Manufacturing by 2.1% in the 4th quarter. OLD National Bancorp IN now owns 113,205 shares of the semiconductor company’s stock worth $22,357,000 after buying an additional 2,368 shares during the period. McHugh Group LLC purchased a new stake in shares of Taiwan Semiconductor Manufacturing in the 4th quarter worth about $605,000. Private Client Services LLC purchased a new stake in Taiwan Semiconductor Manufacturing during the 4th quarter valued at about $201,000. Finally, YHB Investment Advisors Inc. grew its position in Taiwan Semiconductor Manufacturing by 6.9% during the 4th quarter. YHB Investment Advisors Inc. now owns 40,275 shares of the semiconductor company’s stock valued at $7,954,000 after purchasing an additional 2,604 shares during the last quarter. 16.51% of the stock is owned by hedge funds and other institutional investors.

Taiwan Semiconductor Manufacturing Price Performance

TSM opened at $210.40 on Friday. The company’s 50-day simple moving average is $204.28 and its two-hundred day simple moving average is $187.21. Taiwan Semiconductor Manufacturing Company Limited has a 52-week low of $120.00 and a 52-week high of $226.40. The company has a debt-to-equity ratio of 0.24, a quick ratio of 2.30 and a current ratio of 2.57. The stock has a market capitalization of $1.09 trillion, a P/E ratio of 29.89, a P/E/G ratio of 0.69 and a beta of 1.06.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last issued its quarterly earnings data on Thursday, January 16th. The semiconductor company reported $2.24 earnings per share for the quarter, topping 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, analysts predict that Taiwan Semiconductor Manufacturing Company Limited will post 9.12 EPS for the current year.

Taiwan Semiconductor Manufacturing Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 10th. Shareholders of record on Tuesday, March 18th will be paid a dividend of $0.5484 per share. This is a boost from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. The ex-dividend date of this dividend is Tuesday, March 18th. This represents a $2.19 dividend on an annualized basis and a yield of 1.04%. Taiwan Semiconductor Manufacturing’s dividend payout ratio (DPR) is presently 27.27%.

Analyst Ratings Changes

Several brokerages recently commented on TSM. Needham & Company LLC reissued a “buy” rating and set a $225.00 price objective on shares of Taiwan Semiconductor Manufacturing in a research report on Thursday, January 16th. Barclays increased their price objective on shares of Taiwan Semiconductor Manufacturing from $240.00 to $255.00 and gave the company an “overweight” rating in a research report on Friday, January 17th. Susquehanna reissued a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a research report on Friday, October 18th. Finally, StockNews.com downgraded shares of Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a research report on Tuesday, January 28th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $220.00.

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 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.