Argent Trust Co Purchases 1,131 Shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Argent Trust Co increased its position in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 2.9% in the fourth quarter, Holdings Channel reports. The institutional investor owned 39,810 shares of the semiconductor company’s stock after buying an additional 1,131 shares during the period. Argent Trust Co’s holdings in Taiwan Semiconductor Manufacturing were worth $7,862,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Redwood Park Advisors LLC acquired a new stake in shares of Taiwan Semiconductor Manufacturing in the fourth quarter valued at approximately $79,000. Bank of Hawaii raised its holdings in Taiwan Semiconductor Manufacturing by 19.5% in the 4th quarter. Bank of Hawaii now owns 8,254 shares of the semiconductor company’s stock valued at $1,630,000 after acquiring an additional 1,349 shares in the last quarter. Bessemer Group Inc. raised its holdings in Taiwan Semiconductor Manufacturing by 568.1% in the 4th quarter. Bessemer Group Inc. now owns 430,936 shares of the semiconductor company’s stock valued at $85,105,000 after acquiring an additional 366,437 shares in the last quarter. CenterBook Partners LP raised its holdings in Taiwan Semiconductor Manufacturing by 16.0% in the 4th quarter. CenterBook Partners LP now owns 121,824 shares of the semiconductor company’s stock valued at $24,059,000 after acquiring an additional 16,792 shares in the last quarter. Finally, Renaissance Technologies LLC increased its stake in shares of Taiwan Semiconductor Manufacturing by 92.0% in the 4th quarter. Renaissance Technologies LLC now owns 1,629,242 shares of the semiconductor company’s stock valued at $321,759,000 after purchasing an additional 780,822 shares during the last quarter. 16.51% of the stock is currently owned by institutional investors.

Taiwan Semiconductor Manufacturing Stock Down 4.2 %

TSM stock traded down $6.66 during midday trading on Thursday, hitting $152.09. The company’s stock had a trading volume of 4,382,787 shares, compared to its average volume of 15,719,681. The firm’s 50-day moving average is $181.13 and its 200-day moving average is $191.29. The company has a market cap of $788.82 billion, a PE ratio of 21.60, a P/E/G ratio of 0.66 and a beta of 1.16. 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 Company Limited has a 12 month low of $125.78 and a 12 month high of $226.40.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last issued its quarterly earnings data on Thursday, January 16th. The semiconductor company reported $2.24 earnings per share for the quarter, beating 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%. On average, equities research analysts forecast 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 disclosed a quarterly dividend, which will be paid on Thursday, July 10th. Investors of record on Thursday, June 12th will be issued a dividend of $0.6855 per share. This represents a $2.74 annualized dividend and a yield of 1.80%. This is a positive change from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.55. The ex-dividend date is Thursday, June 12th. Taiwan Semiconductor Manufacturing’s dividend payout ratio (DPR) is presently 30.68%.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the company. StockNews.com lowered Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a research report on Tuesday, January 28th. Barclays upped 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. Finally, 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. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average 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.