Passumpsic Savings Bank Makes New $5.15 Million Investment in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Passumpsic Savings Bank purchased a new stake in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 26,068 shares of the semiconductor company’s stock, valued at approximately $5,148,000. Taiwan Semiconductor Manufacturing comprises about 3.2% of Passumpsic Savings Bank’s investment portfolio, making the stock its 5th biggest holding.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Hudson Edge Investment Partners Inc. boosted its holdings in Taiwan Semiconductor Manufacturing by 6.2% in the fourth quarter. Hudson Edge Investment Partners Inc. now owns 217,655 shares of the semiconductor company’s stock valued at $42,985,000 after acquiring an additional 12,800 shares during the last quarter. Capital Advisory Group Advisory Services LLC boosted its stake in shares of Taiwan Semiconductor Manufacturing by 21.1% in the 4th quarter. Capital Advisory Group Advisory Services LLC now owns 2,389 shares of the semiconductor company’s stock valued at $472,000 after purchasing an additional 416 shares during the last quarter. Bradley Foster & Sargent Inc. CT boosted its stake in shares of Taiwan Semiconductor Manufacturing by 12.9% in the 4th quarter. Bradley Foster & Sargent Inc. CT now owns 30,791 shares of the semiconductor company’s stock valued at $6,081,000 after purchasing an additional 3,524 shares during the last quarter. Cassaday & Co Wealth Management LLC acquired a new stake in shares of Taiwan Semiconductor Manufacturing during the 4th quarter worth approximately $208,000. Finally, Compass Capital Corp MA ADV acquired a new position in Taiwan Semiconductor Manufacturing in the fourth quarter valued at approximately $336,000. Institutional investors and hedge funds own 16.51% of the company’s stock.

Taiwan Semiconductor Manufacturing Trading Down 0.8 %

Shares of NYSE TSM opened at $198.40 on Friday. Taiwan Semiconductor Manufacturing Company Limited has a twelve month low of $125.78 and a twelve month high of $226.40. The stock has a market cap of $1.03 trillion, a price-to-earnings ratio of 28.18, a P/E/G ratio of 0.66 and a beta of 1.06. The company has a quick ratio of 2.30, a current ratio of 2.57 and a debt-to-equity ratio of 0.24. The company’s fifty day moving average is $205.80 and its 200-day moving average is $190.57.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last posted its earnings results 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 EPS for the current year.

Taiwan Semiconductor Manufacturing Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 10th. Investors of record on Thursday, June 12th will be given a $0.6855 dividend. The ex-dividend date 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 dividend yield of 1.38%. Taiwan Semiconductor Manufacturing’s payout ratio is currently 27.27%.

Analysts Set New Price Targets

A number of analysts have commented on the stock. Barclays lifted their target price on shares of Taiwan Semiconductor Manufacturing from $240.00 to $255.00 and gave the stock an “overweight” rating in a report on Friday, January 17th. Needham & Company LLC reaffirmed a “buy” rating and set a $225.00 price objective on shares of Taiwan Semiconductor Manufacturing in a research note on Tuesday. Finally, StockNews.com lowered Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a research note on Tuesday, January 28th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Taiwan Semiconductor Manufacturing has an average rating of “Moderate Buy” and a consensus target price 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.