Legal Advantage Investments Inc. Lowers Stake in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Legal Advantage Investments Inc. reduced its holdings in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 1.1% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 9,010 shares of the semiconductor company’s stock after selling 100 shares during the period. Legal Advantage Investments Inc.’s holdings in Taiwan Semiconductor Manufacturing were worth $1,779,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. King Luther Capital Management Corp boosted its holdings in shares of Taiwan Semiconductor Manufacturing by 4.7% in the second quarter. King Luther Capital Management Corp now owns 6,812 shares of the semiconductor company’s stock valued at $1,184,000 after acquiring an additional 308 shares in the last quarter. AE Wealth Management LLC boosted its holdings in shares of Taiwan Semiconductor Manufacturing by 10.1% in the second quarter. AE Wealth Management LLC now owns 14,481 shares of the semiconductor company’s stock valued at $2,517,000 after acquiring an additional 1,328 shares in the last quarter. Skandinaviska Enskilda Banken AB publ boosted its holdings in shares of Taiwan Semiconductor Manufacturing by 23,886.2% in the second quarter. Skandinaviska Enskilda Banken AB publ now owns 13,912 shares of the semiconductor company’s stock valued at $2,420,000 after acquiring an additional 13,854 shares in the last quarter. Summit Trail Advisors LLC boosted its holdings in shares of Taiwan Semiconductor Manufacturing by 24.2% in the second quarter. Summit Trail Advisors LLC now owns 2,528 shares of the semiconductor company’s stock valued at $441,000 after acquiring an additional 493 shares in the last quarter. Finally, Kayne Anderson Rudnick Investment Management LLC boosted its holdings in shares of Taiwan Semiconductor Manufacturing by 0.4% in the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 17,733 shares of the semiconductor company’s stock valued at $3,082,000 after acquiring an additional 66 shares in the last quarter. 16.51% of the stock is owned by hedge funds and other institutional investors.

Taiwan Semiconductor Manufacturing Stock Performance

Shares of TSM opened at $211.52 on Tuesday. The company has a current ratio of 2.57, a quick ratio of 2.30 and a debt-to-equity ratio of 0.24. The stock has a market cap of $1.10 trillion, a P/E ratio of 30.05, a PEG ratio of 0.71 and a beta of 1.07. The company has a 50-day moving average of $198.02 and a two-hundred day moving average of $184.52. Taiwan Semiconductor Manufacturing Company Limited has a 12-month low of $109.48 and a 12-month high of $222.20.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last released its earnings results on Thursday, January 16th. The semiconductor company reported $2.24 EPS for the quarter, topping the consensus estimate 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, research analysts predict that Taiwan Semiconductor Manufacturing Company Limited will post 8.98 EPS for the current fiscal year.

Taiwan Semiconductor Manufacturing Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 10th. Investors of record on Tuesday, March 18th will be given a dividend of $0.5484 per share. This represents a $2.19 dividend on an annualized basis and a yield of 1.04%. This is a boost from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. The ex-dividend date of this dividend is Tuesday, March 18th. Taiwan Semiconductor Manufacturing’s dividend payout ratio is 27.27%.

Analysts Set New Price Targets

TSM has been the subject of several recent analyst reports. Barclays raised their price objective on shares of Taiwan Semiconductor Manufacturing from $240.00 to $255.00 and gave the company an “overweight” rating in a research note on Friday. Susquehanna reiterated a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a research note on Friday, October 18th. StockNews.com upgraded shares of Taiwan Semiconductor Manufacturing from a “hold” rating to a “buy” rating in a research note on Monday. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $225.00 price objective on shares of Taiwan Semiconductor Manufacturing in a research note on Thursday, January 16th. One analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $220.00.

Taiwan Semiconductor Manufacturing 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.