Prakash Investment Advisors LLC Makes New $549,000 Investment in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Prakash Investment Advisors LLC acquired a new position in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) in the 4th quarter, Holdings Channel.com reports. The firm acquired 2,780 shares of the semiconductor company’s stock, valued at approximately $549,000. Taiwan Semiconductor Manufacturing accounts for about 0.5% of Prakash Investment Advisors LLC’s holdings, making the stock its 28th biggest position.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in TSM. AMF Tjanstepension AB grew its position in shares of Taiwan Semiconductor Manufacturing by 4.8% during the 3rd quarter. AMF Tjanstepension AB now owns 1,533,207 shares of the semiconductor company’s stock worth $266,300,000 after buying an additional 70,057 shares during the period. Stanley Laman Group Ltd. acquired a new position in shares of Taiwan Semiconductor Manufacturing during the 3rd quarter worth about $246,000. Segment Wealth Management LLC acquired a new position in shares of Taiwan Semiconductor Manufacturing during the 3rd quarter worth about $243,000. International Assets Investment Management LLC grew its position in shares of Taiwan Semiconductor Manufacturing by 23,351.0% during the 3rd quarter. International Assets Investment Management LLC now owns 1,027,624 shares of the semiconductor company’s stock worth $178,467,000 after buying an additional 1,023,242 shares during the period. Finally, YHB Investment Advisors Inc. grew its position in shares of Taiwan Semiconductor Manufacturing by 5.1% during the 3rd quarter. YHB Investment Advisors Inc. now owns 37,671 shares of the semiconductor company’s stock worth $6,542,000 after buying an additional 1,819 shares during the period. 16.51% of the stock is owned by institutional investors.

Taiwan Semiconductor Manufacturing Price Performance

Shares of TSM opened at $199.94 on Friday. Taiwan Semiconductor Manufacturing Company Limited has a 52-week low of $122.91 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 50 day simple moving average of $205.85 and a 200 day simple moving average of $190.22. The firm has a market capitalization of $1.04 trillion, a PE ratio of 28.40, a P/E/G ratio of 0.66 and a beta of 1.06.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last released 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%. Sell-side analysts predict that Taiwan Semiconductor Manufacturing Company Limited will post 9.2 EPS for the current fiscal year.

Taiwan Semiconductor Manufacturing Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 10th. Shareholders of record on Thursday, June 12th will be given a dividend of $0.6855 per share. The ex-dividend date of this dividend is Thursday, June 12th. This represents a $2.74 dividend on an annualized basis and a yield of 1.37%. This is an increase from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.55. Taiwan Semiconductor Manufacturing’s dividend payout ratio is 27.27%.

Analyst Upgrades and Downgrades

TSM has been the subject of several analyst reports. Needham & Company LLC restated a “buy” rating and set a $225.00 target price on shares of Taiwan Semiconductor Manufacturing in a research report on Tuesday. StockNews.com lowered Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a research report on Tuesday, January 28th. Finally, Barclays boosted their price objective on Taiwan Semiconductor Manufacturing from $240.00 to $255.00 and gave the company an “overweight” rating in a research report on Friday, January 17th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, Taiwan Semiconductor Manufacturing has an average rating of “Moderate Buy” and a consensus price target 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.