Objectivity Squared LLC Makes New Investment in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Objectivity Squared LLC acquired a new stake in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) during the fourth quarter, HoldingsChannel reports. The firm acquired 1,104 shares of the semiconductor company’s stock, valued at approximately $230,000.

Several other hedge funds and other institutional investors have also made changes to their positions in TSM. Stonebridge Financial Group LLC purchased a new position in Taiwan Semiconductor Manufacturing in the fourth quarter valued at approximately $25,000. Roxbury Financial LLC purchased a new position in shares of Taiwan Semiconductor Manufacturing in the 4th quarter valued at $29,000. Archer Investment Corp raised its stake in Taiwan Semiconductor Manufacturing by 48.1% during the 3rd quarter. Archer Investment Corp now owns 191 shares of the semiconductor company’s stock worth $33,000 after acquiring an additional 62 shares in the last quarter. OLD Second National Bank of Aurora lifted its position in Taiwan Semiconductor Manufacturing by 169.8% in the third quarter. OLD Second National Bank of Aurora now owns 232 shares of the semiconductor company’s stock valued at $40,000 after acquiring an additional 146 shares during the last quarter. Finally, Endeavor Private Wealth Inc. acquired a new position in Taiwan Semiconductor Manufacturing in the fourth quarter valued at $40,000. Institutional investors and hedge funds own 16.51% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently commented on the company. Barclays lifted their target price on Taiwan Semiconductor Manufacturing from $240.00 to $255.00 and gave the stock an “overweight” rating in a research report on Friday, January 17th. StockNews.com lowered Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a research report on Tuesday, January 28th. 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 Tuesday, February 18th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $220.00.

Taiwan Semiconductor Manufacturing Stock Performance

Shares of TSM stock opened at $176.58 on Monday. The stock’s 50-day moving average price is $202.05 and its 200 day moving average price is $191.90. 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 stock has a market capitalization of $915.80 billion, a PE ratio of 25.08, a price-to-earnings-growth ratio of 0.66 and a beta of 1.13. Taiwan Semiconductor Manufacturing Company Limited has a 52-week low of $125.78 and a 52-week high of $226.40.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last announced its earnings results on Thursday, January 16th. The semiconductor company reported $2.24 earnings per share for the quarter, beating 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%. As a group, equities research 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 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 represents a $2.74 dividend on an annualized basis and a yield of 1.55%. This is an increase from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.55. Taiwan Semiconductor Manufacturing’s dividend payout ratio (DPR) is presently 30.68%.

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.