Northwest & Ethical Investments L.P. Boosts Stake in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Northwest & Ethical Investments L.P. raised its stake in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 472.4% in the 4th quarter, Holdings Channel reports. The fund owned 75,979 shares of the semiconductor company’s stock after acquiring an additional 62,705 shares during the quarter. Northwest & Ethical Investments L.P.’s holdings in Taiwan Semiconductor Manufacturing were worth $15,005,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in TSM. Berkshire Capital Holdings Inc. grew its holdings in Taiwan Semiconductor Manufacturing by 27.2% during the 4th quarter. Berkshire Capital Holdings Inc. now owns 84,360 shares of the semiconductor company’s stock valued at $16,660,000 after buying an additional 18,030 shares during the last quarter. iA Global Asset Management Inc. raised its position in shares of Taiwan Semiconductor Manufacturing by 21.6% in the 4th quarter. iA Global Asset Management Inc. now owns 82,812 shares of the semiconductor company’s stock worth $16,355,000 after buying an additional 14,710 shares during the period. Talos Asset Management LP purchased a new position in shares of Taiwan Semiconductor Manufacturing in the 4th quarter worth $44,040,000. GM Advisory Group LLC raised its position in Taiwan Semiconductor Manufacturing by 2.6% in the fourth quarter. GM Advisory Group LLC now owns 10,731 shares of the semiconductor company’s stock valued at $2,119,000 after purchasing an additional 276 shares during the period. Finally, Glynn Capital Management LLC raised its position in Taiwan Semiconductor Manufacturing by 10.1% in the fourth quarter. Glynn Capital Management LLC now owns 111,333 shares of the semiconductor company’s stock valued at $21,987,000 after purchasing an additional 10,178 shares during the period. 16.51% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on TSM shares. Barclays lifted their price target 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. Needham & Company LLC reaffirmed a “buy” rating and issued a $225.00 price target on shares of Taiwan Semiconductor Manufacturing in a report on Tuesday, February 18th. Finally, StockNews.com cut shares of Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a research report on Tuesday, January 28th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $220.00.

Taiwan Semiconductor Manufacturing Trading Up 0.4 %

Taiwan Semiconductor Manufacturing stock opened at $173.82 on Thursday. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.57 and a quick ratio of 2.30. The firm has a 50-day moving average of $196.91 and a 200-day moving average of $191.95. The company has a market cap of $901.52 billion, a price-to-earnings ratio of 24.69, a P/E/G ratio of 0.66 and a beta of 1.13. Taiwan Semiconductor Manufacturing Company Limited has a one year low of $125.78 and a one year high of $226.40.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last posted its quarterly earnings results on Thursday, January 16th. The semiconductor company reported $2.24 earnings per share (EPS) 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%. On average, equities 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 issued a dividend of $0.6855 per share. This represents a $2.74 dividend on an annualized basis and a dividend yield of 1.58%. The ex-dividend date is Thursday, June 12th. This is a positive change from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.55. Taiwan Semiconductor Manufacturing’s payout ratio is 30.68%.

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.