Russell Investments Group Ltd. Buys 155,570 Shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Russell Investments Group Ltd. raised its stake in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 3.4% in the 4th quarter, Holdings Channel.com reports. The fund owned 4,765,528 shares of the semiconductor company’s stock after buying an additional 155,570 shares during the quarter. Taiwan Semiconductor Manufacturing comprises approximately 1.3% of Russell Investments Group Ltd.’s investment portfolio, making the stock its 8th biggest position. Russell Investments Group Ltd.’s holdings in Taiwan Semiconductor Manufacturing were worth $941,650,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of TSM. Stonebridge Financial Group LLC bought a new stake in Taiwan Semiconductor Manufacturing during the fourth quarter worth $25,000. IMG Wealth Management Inc. acquired a new stake in Taiwan Semiconductor Manufacturing in the fourth quarter valued at about $26,000. Hopwood Financial Services Inc. bought a new position in Taiwan Semiconductor Manufacturing in the fourth quarter valued at about $27,000. Roxbury Financial LLC acquired a new position in Taiwan Semiconductor Manufacturing during the fourth quarter worth about $29,000. Finally, Nemes Rush Group LLC raised its stake in Taiwan Semiconductor Manufacturing by 1,810.0% during the fourth quarter. Nemes Rush Group LLC now owns 191 shares of the semiconductor company’s stock worth $38,000 after acquiring an additional 181 shares in the last quarter. 16.51% of the stock is currently owned by institutional investors.

Taiwan Semiconductor Manufacturing Price Performance

Taiwan Semiconductor Manufacturing stock opened at $146.88 on Friday. The stock’s 50 day moving average is $186.54 and its 200 day moving average is $192.09. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.57 and a quick ratio of 2.30. Taiwan Semiconductor Manufacturing Company Limited has a one year low of $125.78 and a one year high of $226.40. The firm has a market cap of $761.76 billion, a P/E ratio of 20.86, a P/E/G ratio of 0.66 and a beta of 1.16.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last issued its quarterly earnings results on Thursday, January 16th. The semiconductor company reported $2.24 earnings per share for the quarter, topping analysts’ consensus estimates of $2.16 by $0.08. Taiwan Semiconductor Manufacturing had a return on equity of 30.47% and a net margin of 40.51%. As a group, research analysts expect that Taiwan Semiconductor Manufacturing Company Limited will post 9.2 EPS for the current year.

Taiwan Semiconductor Manufacturing Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 10th. Investors of record on Thursday, June 12th will be paid a dividend of $0.6855 per share. The ex-dividend date of this dividend is Thursday, June 12th. This is a positive change from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.55. This represents a $2.74 annualized dividend and a yield of 1.87%. Taiwan Semiconductor Manufacturing’s dividend payout ratio is currently 30.68%.

Analyst Ratings Changes

Several brokerages recently issued reports on TSM. Barclays lifted their price target on shares of 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 reaffirmed a “buy” rating and issued a $225.00 target price on shares of Taiwan Semiconductor Manufacturing in a report on Tuesday, February 18th. Finally, StockNews.com lowered shares of Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a report on Tuesday, January 28th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $220.00.

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.