J.Safra Asset Management Corp Boosts Stock Position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

J.Safra Asset Management Corp boosted its holdings in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 75.2% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,853 shares of the semiconductor company’s stock after purchasing an additional 1,654 shares during the period. J.Safra Asset Management Corp’s holdings in Taiwan Semiconductor Manufacturing were worth $772,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of TSM. Cookson Peirce & Co. Inc. raised its holdings in shares of Taiwan Semiconductor Manufacturing by 19.4% during the fourth quarter. Cookson Peirce & Co. Inc. now owns 486,449 shares of the semiconductor company’s stock valued at $96,069,000 after acquiring an additional 79,092 shares in the last quarter. Snider Financial Group boosted its holdings in Taiwan Semiconductor Manufacturing by 7.2% in the fourth quarter. Snider Financial Group now owns 19,326 shares of the semiconductor company’s stock valued at $3,817,000 after acquiring an additional 1,291 shares in the last quarter. Triad Wealth Partners LLC purchased a new position in Taiwan Semiconductor Manufacturing during the 4th quarter valued at $342,000. Cypress Capital Group raised its holdings in Taiwan Semiconductor Manufacturing by 37.6% in the 4th quarter. Cypress Capital Group now owns 26,495 shares of the semiconductor company’s stock worth $5,232,000 after purchasing an additional 7,236 shares in the last quarter. Finally, Victory Capital Management Inc. lifted its position in shares of Taiwan Semiconductor Manufacturing by 15.3% in the 4th quarter. Victory Capital Management Inc. now owns 120,618 shares of the semiconductor company’s stock worth $23,821,000 after purchasing an additional 15,961 shares during the period. Institutional investors own 16.51% of the company’s stock.

Taiwan Semiconductor Manufacturing Trading Up 4.2 %

NYSE:TSM opened at $180.16 on Wednesday. The firm has a market capitalization of $934.41 billion, a P/E ratio of 25.59, a PEG ratio of 0.66 and a beta of 1.06. 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 company’s 50-day simple moving average is $203.53 and its 200 day simple moving average is $191.77.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last issued its quarterly earnings results on Thursday, January 16th. The semiconductor company reported $2.24 EPS 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, analysts forecast that Taiwan Semiconductor Manufacturing Company Limited will post 9.2 EPS for the current fiscal year.

Taiwan Semiconductor Manufacturing Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 10th. Stockholders of record on Thursday, June 12th will be paid a $0.6855 dividend. This is a boost from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.55. This represents a $2.74 dividend on an annualized basis and a dividend yield of 1.52%. The ex-dividend date is Thursday, June 12th. Taiwan Semiconductor Manufacturing’s dividend payout ratio is currently 31.11%.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the stock. Barclays increased their price target on shares of Taiwan Semiconductor Manufacturing from $240.00 to $255.00 and gave the stock an “overweight” rating in a research note on Friday, January 17th. Needham & Company LLC reissued a “buy” rating and issued a $225.00 target price on shares of Taiwan Semiconductor Manufacturing in a research report on Tuesday, February 18th. Finally, StockNews.com cut 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 stock. Based on data from MarketBeat, the stock has a consensus 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.