Graney & King LLC Makes New $40,000 Investment in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Graney & King LLC acquired a new stake in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) during the fourth quarter, HoldingsChannel reports. The firm acquired 203 shares of the semiconductor company’s stock, valued at approximately $40,000.

Other hedge funds have also made changes to their positions in the company. Mount Yale Investment Advisors LLC increased its stake in Taiwan Semiconductor Manufacturing by 4.3% in the fourth quarter. Mount Yale Investment Advisors LLC now owns 35,709 shares of the semiconductor company’s stock valued at $7,052,000 after purchasing an additional 1,476 shares during the last quarter. McHugh Group LLC purchased a new position in shares of Taiwan Semiconductor Manufacturing in the 4th quarter valued at $605,000. OLD National Bancorp IN grew its position in shares of Taiwan Semiconductor Manufacturing by 2.1% in the 4th quarter. OLD National Bancorp IN now owns 113,205 shares of the semiconductor company’s stock valued at $22,357,000 after buying an additional 2,368 shares during the last quarter. Guardian Partners Inc. acquired a new stake in Taiwan Semiconductor Manufacturing during the 4th quarter worth $9,222,000. Finally, Hardman Johnston Global Advisors LLC lifted its position in Taiwan Semiconductor Manufacturing by 7.6% in the fourth quarter. Hardman Johnston Global Advisors LLC now owns 381,432 shares of the semiconductor company’s stock valued at $75,329,000 after acquiring an additional 26,847 shares during the last quarter. Hedge funds and other institutional investors own 16.51% of the company’s stock.

Taiwan Semiconductor Manufacturing Stock Performance

NYSE TSM opened at $173.57 on Thursday. The firm has a market cap of $900.22 billion, a P/E ratio of 24.66, a P/E/G 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. The business’s 50-day moving average price is $194.19 and its 200 day moving average price is $192.49. The company has a quick ratio of 2.30, a current ratio of 2.57 and a debt-to-equity ratio of 0.24.

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%. On average, equities research analysts expect that Taiwan Semiconductor Manufacturing Company Limited will post 9.2 earnings per share for the current year.

Taiwan Semiconductor Manufacturing Increases Dividend

The company 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 represents a $2.74 annualized dividend and a dividend yield of 1.58%. The ex-dividend date is Thursday, June 12th. This is a boost from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.55. Taiwan Semiconductor Manufacturing’s dividend payout ratio (DPR) is 30.68%.

Wall Street Analyst Weigh In

TSM has been the topic of a number of research analyst reports. StockNews.com cut Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a research report on Tuesday, January 28th. Barclays lifted their price target 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. Finally, Needham & Company LLC reissued a “buy” rating and issued a $225.00 price objective on shares of Taiwan Semiconductor Manufacturing in a report on Tuesday, February 18th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $220.00.

About Taiwan Semiconductor Manufacturing

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.