Atlas Legacy Advisors LLC Invests $245,000 in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Atlas Legacy Advisors LLC acquired a new position in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) in the 4th quarter, HoldingsChannel reports. The firm acquired 1,239 shares of the semiconductor company’s stock, valued at approximately $245,000.

Several other hedge funds also recently modified their holdings of TSM. Bank of Jackson Hole Trust acquired a new stake in shares of Taiwan Semiconductor Manufacturing in the fourth quarter valued at approximately $63,000. Callahan Advisors LLC increased its holdings in shares of Taiwan Semiconductor Manufacturing by 23.4% in the fourth quarter. Callahan Advisors LLC now owns 10,319 shares of the semiconductor company’s stock valued at $2,038,000 after purchasing an additional 1,959 shares in the last quarter. Schubert & Co acquired a new stake in shares of Taiwan Semiconductor Manufacturing in the fourth quarter valued at approximately $244,000. Davidson Investment Advisors acquired a new stake in shares of Taiwan Semiconductor Manufacturing in the fourth quarter valued at approximately $18,958,000. Finally, C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors increased its holdings in shares of Taiwan Semiconductor Manufacturing by 23.3% in the fourth quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors now owns 1,895 shares of the semiconductor company’s stock valued at $374,000 after purchasing an additional 358 shares in the last quarter. Institutional investors and hedge funds own 16.51% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently weighed in on TSM shares. Barclays raised 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 reissued a “buy” rating and issued a $225.00 price target on shares of Taiwan Semiconductor Manufacturing in a report on Tuesday. Finally, StockNews.com cut shares of Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a research note on Tuesday, January 28th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, Taiwan Semiconductor Manufacturing has an average rating of “Moderate Buy” and a consensus price target of $220.00.

Taiwan Semiconductor Manufacturing Price Performance

Shares of TSM stock opened at $200.88 on Thursday. Taiwan Semiconductor Manufacturing Company Limited has a 52-week low of $122.91 and a 52-week high of $226.40. The stock has a market cap of $1.04 trillion, a PE ratio of 28.53, a PEG ratio of 0.67 and a beta of 1.06. 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 firm’s 50 day moving average price is $205.68 and its two-hundred day moving average price is $190.15.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last announced 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 net margin of 40.51% and a return on equity of 30.47%. As a group, analysts forecast that Taiwan Semiconductor Manufacturing Company Limited will post 9.2 EPS for the current year.

Taiwan Semiconductor Manufacturing Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 10th. Stockholders of record on Thursday, June 12th will be given a dividend of $0.6855 per share. This represents a $2.74 dividend on an annualized basis and a dividend yield of 1.36%. This is a boost 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 currently 27.27%.

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.