Plato Investment Management Ltd Takes Position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Plato Investment Management Ltd bought a new stake in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 8,000 shares of the semiconductor company’s stock, valued at approximately $1,586,000.

A number of other institutional investors also recently modified their holdings of TSM. Stonebridge Financial Group LLC bought a new stake in shares of Taiwan Semiconductor Manufacturing in the fourth quarter valued at about $25,000. Roxbury Financial LLC acquired a new position in Taiwan Semiconductor Manufacturing in the fourth quarter valued at about $29,000. Archer Investment Corp raised its stake in Taiwan Semiconductor Manufacturing by 48.1% in the third quarter. Archer Investment Corp now owns 191 shares of the semiconductor company’s stock valued at $33,000 after purchasing an additional 62 shares in the last quarter. American Capital Advisory LLC acquired a new position in Taiwan Semiconductor Manufacturing in the third quarter valued at about $38,000. Finally, OLD Second National Bank of Aurora raised its stake 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 purchasing an additional 146 shares in the last quarter. Institutional investors own 16.51% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently commented on TSM shares. Needham & Company LLC reaffirmed a “buy” rating and issued a $225.00 price target on shares of Taiwan Semiconductor Manufacturing in a research note on Tuesday, February 18th. Barclays boosted their price target on Taiwan Semiconductor Manufacturing from $240.00 to $255.00 and gave the company an “overweight” rating in a research note on Friday, January 17th. Finally, StockNews.com downgraded Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a research note on Tuesday, January 28th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $220.00.

Taiwan Semiconductor Manufacturing Price Performance

Taiwan Semiconductor Manufacturing stock opened at $173.00 on Tuesday. The stock has a market capitalization of $897.25 billion, a price-to-earnings ratio of 24.57, a PEG ratio of 0.66 and a beta of 1.06. Taiwan Semiconductor Manufacturing Company Limited has a 52-week low of $125.78 and a 52-week high of $226.40. The stock’s 50 day moving average price is $204.06 and its two-hundred day moving average price is $191.73. The company has a debt-to-equity ratio of 0.24, a quick ratio of 2.30 and a current ratio of 2.57.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last issued its 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 return on equity of 30.47% and a net margin of 40.51%. On average, equities analysts predict that Taiwan Semiconductor Manufacturing Company Limited will post 9.2 earnings per share for the current year.

Taiwan Semiconductor Manufacturing Increases Dividend

The business also recently declared 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. This is a positive change from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.55. This represents a $2.74 dividend on an annualized basis and a yield of 1.58%. The ex-dividend date of this dividend is Thursday, June 12th. Taiwan Semiconductor Manufacturing’s dividend payout ratio is presently 31.11%.

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.