Cetera Investment Advisers Grows Position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Cetera Investment Advisers grew its stake in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM - Free Report) by 7.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 494,728 shares of the semiconductor company's stock after purchasing an additional 35,912 shares during the quarter. Cetera Investment Advisers' holdings in Taiwan Semiconductor Manufacturing were worth $97,704,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Stonebridge Financial Group LLC bought a new position in shares of Taiwan Semiconductor Manufacturing during the fourth quarter valued at about $25,000. IMG Wealth Management Inc. purchased a new position in Taiwan Semiconductor Manufacturing during the 4th quarter valued at about $26,000. Hopwood Financial Services Inc. bought a new position in Taiwan Semiconductor Manufacturing during the 4th quarter valued at approximately $27,000. Roxbury Financial LLC purchased a new stake in Taiwan Semiconductor Manufacturing in the 4th quarter worth approximately $29,000. Finally, Accredited Wealth Management LLC bought a new stake in shares of Taiwan Semiconductor Manufacturing in the 4th quarter worth approximately $31,000. Institutional investors own 16.51% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on TSM shares. StockNews.com downgraded shares of Taiwan Semiconductor Manufacturing from a "buy" rating to a "hold" rating in a research report on Tuesday, January 28th. Needham & Company LLC reissued a "buy" rating and issued a $225.00 price target on shares of Taiwan Semiconductor Manufacturing in a research note on Thursday, April 17th. Susquehanna reissued a "positive" rating on shares of Taiwan Semiconductor Manufacturing in a research report on Friday, April 25th. Finally, Barclays restated a "hold" rating on shares of Taiwan Semiconductor Manufacturing in a research report on Friday, April 25th. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, Taiwan Semiconductor Manufacturing currently has a consensus rating of "Moderate Buy" and a consensus target price of $212.00.

Taiwan Semiconductor Manufacturing Stock Up 0.8 %

Shares of TSM stock traded up $1.43 during trading hours on Friday, hitting $176.65. 11,563,400 shares of the company's stock traded hands, compared to its average volume of 15,868,998. 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's fifty day simple moving average is $165.73 and its two-hundred day simple moving average is $187.57. Taiwan Semiconductor Manufacturing Company Limited has a 12-month low of $133.57 and a 12-month high of $226.40. The stock has a market cap of $916.18 billion, a price-to-earnings ratio of 25.09, a PEG ratio of 0.66 and a beta of 1.21.

Taiwan Semiconductor Manufacturing (NYSE:TSM - Get Free Report) last released its earnings results on Thursday, April 17th. The semiconductor company reported $2.12 EPS for the quarter, topping the consensus estimate of $2.03 by $0.09. Taiwan Semiconductor Manufacturing had a return on equity of 30.47% and a net margin of 40.51%. The business had revenue of $25.82 billion for the quarter, compared to the consensus estimate of $834.10 billion. On average, analysts expect 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. Shareholders of record on Thursday, June 12th will be paid a dividend of $0.6855 per share. 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 1.55%. The ex-dividend date of this dividend is Thursday, June 12th. Taiwan Semiconductor Manufacturing's dividend payout ratio (DPR) is currently 27.76%.

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.