World Equity Group Inc. Buys 3,134 Shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

World Equity Group Inc. increased its stake in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 109.8% during the fourth quarter, HoldingsChannel reports. The fund owned 5,988 shares of the semiconductor company’s stock after acquiring an additional 3,134 shares during the quarter. World Equity Group Inc.’s holdings in Taiwan Semiconductor Manufacturing were worth $1,183,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Reston Wealth Management LLC bought a new position in Taiwan Semiconductor Manufacturing during the third quarter worth $25,000. Stonebridge Financial Group LLC bought a new position in Taiwan Semiconductor Manufacturing during the fourth quarter worth $25,000. Roxbury Financial LLC bought a new position in Taiwan Semiconductor Manufacturing during the fourth quarter worth $29,000. Archer Investment Corp increased its position in Taiwan Semiconductor Manufacturing by 48.1% during the third quarter. Archer Investment Corp now owns 191 shares of the semiconductor company’s stock worth $33,000 after acquiring an additional 62 shares during the period. Finally, American Capital Advisory LLC bought a new position in Taiwan Semiconductor Manufacturing during the third quarter worth $38,000. Institutional investors own 16.51% of the company’s stock.

Analysts Set New Price Targets

TSM has been the topic of a number of recent research reports. Barclays lifted their price target on shares of Taiwan Semiconductor Manufacturing from $240.00 to $255.00 and gave the stock an “overweight” rating in a research note on Friday, January 17th. StockNews.com downgraded shares of Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a research note on Tuesday, January 28th. Finally, Needham & Company LLC restated a “buy” rating and issued a $225.00 target price on shares of Taiwan Semiconductor Manufacturing in a research note on Tuesday, February 18th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $220.00.

Taiwan Semiconductor Manufacturing Stock Down 0.8 %

Shares of NYSE:TSM opened at $198.40 on Friday. The company has a market capitalization of $1.03 trillion, a PE ratio of 28.18, a P/E/G ratio of 0.66 and a beta of 1.06. Taiwan Semiconductor Manufacturing Company Limited has a 52 week low of $125.78 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 company’s fifty day moving average is $205.80 and its 200-day moving average is $190.82.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last announced 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 return on equity of 30.47% and a net margin of 40.51%. Equities research analysts predict that Taiwan Semiconductor Manufacturing Company Limited will post 9.2 earnings per share for the current fiscal year.

Taiwan Semiconductor Manufacturing Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 10th. Shareholders of record on Thursday, June 12th will be issued a dividend of $0.6855 per share. This is a boost from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.55. This represents a $2.74 annualized dividend and a yield of 1.38%. The ex-dividend date is Thursday, June 12th. Taiwan Semiconductor Manufacturing’s payout ratio is currently 27.27%.

Taiwan Semiconductor Manufacturing 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.