Enterprise Financial Services Corp Raises Holdings in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Enterprise Financial Services Corp boosted its stake in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 34.1% in the 4th quarter, Holdings Channel reports. The fund owned 5,553 shares of the semiconductor company’s stock after buying an additional 1,412 shares during the period. Enterprise Financial Services Corp’s holdings in Taiwan Semiconductor Manufacturing were worth $1,097,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently bought and sold shares of TSM. Stonebridge Financial Group LLC purchased a new position in shares of Taiwan Semiconductor Manufacturing during the 4th quarter valued at approximately $25,000. Roxbury Financial LLC purchased a new position in Taiwan Semiconductor Manufacturing in the fourth quarter valued at $29,000. Archer Investment Corp raised its position in shares of Taiwan Semiconductor Manufacturing by 48.1% in 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. OLD Second National Bank of Aurora boosted its stake in shares of Taiwan Semiconductor Manufacturing by 169.8% during the 3rd quarter. OLD Second National Bank of Aurora now owns 232 shares of the semiconductor company’s stock worth $40,000 after acquiring an additional 146 shares in the last quarter. Finally, Endeavor Private Wealth Inc. acquired a new stake in shares of Taiwan Semiconductor Manufacturing during the 4th quarter valued at about $40,000. 16.51% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

Taiwan Semiconductor Manufacturing Price Performance

NYSE:TSM opened at $176.58 on Friday. The stock has a 50 day moving average of $202.05 and a two-hundred day moving average of $191.76. Taiwan Semiconductor Manufacturing Company Limited has a 12 month low of $125.78 and a 12 month high of $226.40. The firm has a market cap of $915.80 billion, a P/E ratio of 25.08, a price-to-earnings-growth ratio of 0.66 and a beta of 1.13. 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 (NYSE:TSM) last issued its quarterly earnings results on Thursday, January 16th. The semiconductor company reported $2.24 EPS 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%. On average, analysts expect that Taiwan Semiconductor Manufacturing Company Limited will post 9.2 earnings per share for the current fiscal year.

Taiwan Semiconductor Manufacturing Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 10th. Stockholders of record on Thursday, June 12th will be paid a $0.6855 dividend. This is an increase from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.55. This represents a $2.74 annualized dividend and a dividend yield of 1.55%. The ex-dividend date is Thursday, June 12th. Taiwan Semiconductor Manufacturing’s dividend payout ratio (DPR) is currently 30.68%.

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.