Vise Technologies Inc. Boosts Stake in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Vise Technologies Inc. grew its stake in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM - Free Report) by 122.4% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 56,317 shares of the semiconductor company's stock after buying an additional 30,996 shares during the quarter. Taiwan Semiconductor Manufacturing accounts for 0.9% of Vise Technologies Inc.'s investment portfolio, making the stock its 18th biggest position. Vise Technologies Inc.'s holdings in Taiwan Semiconductor Manufacturing were worth $11,122,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. Connecticut Wealth Management LLC raised its position in shares of Taiwan Semiconductor Manufacturing by 0.7% during the 4th quarter. Connecticut Wealth Management LLC now owns 7,416 shares of the semiconductor company's stock valued at $1,465,000 after buying an additional 55 shares in the last quarter. Gordian Capital Singapore Pte Ltd raised its position in shares of Taiwan Semiconductor Manufacturing by 4.9% during the 4th quarter. Gordian Capital Singapore Pte Ltd now owns 21,600 shares of the semiconductor company's stock valued at $4,266,000 after buying an additional 1,000 shares in the last quarter. Brown Shipley& Co Ltd raised its position in shares of Taiwan Semiconductor Manufacturing by 7.1% during the 4th quarter. Brown Shipley& Co Ltd now owns 3,871 shares of the semiconductor company's stock valued at $764,000 after buying an additional 255 shares in the last quarter. Pinnacle Investment Management Ltd purchased a new stake in shares of Taiwan Semiconductor Manufacturing during the 4th quarter valued at $26,661,000. Finally, Arrowpoint Investment Partners Singapore Pte. Ltd. purchased a new stake in shares of Taiwan Semiconductor Manufacturing during the 4th quarter valued at $4,078,000. Hedge funds and other institutional investors own 16.51% of the company's stock.

Analysts Set New Price Targets

A number of brokerages recently commented on TSM. Citigroup reiterated a "buy" rating on shares of Taiwan Semiconductor Manufacturing in a research report on Thursday. Susquehanna reiterated a "positive" rating on shares of Taiwan Semiconductor Manufacturing in a research report on Friday, April 25th. Needham & Company LLC reiterated a "buy" rating and issued a $225.00 target price on shares of Taiwan Semiconductor Manufacturing in a research report on Thursday, April 17th. Barclays reiterated a "hold" rating on shares of Taiwan Semiconductor Manufacturing in a research report on Friday, April 25th. Finally, Wall Street Zen cut shares of Taiwan Semiconductor Manufacturing from a "buy" rating to a "hold" rating in a research report on Tuesday, January 28th. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $212.00.

Taiwan Semiconductor Manufacturing Price Performance

TSM stock opened at $196.43 on Friday. The firm's 50-day moving average price is $168.94 and its two-hundred day moving average price is $187.49. 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 capitalization of $1.02 trillion, a price-to-earnings ratio of 27.90, a PEG ratio of 0.66 and a beta of 1.21. The company has a current ratio of 2.57, a quick ratio of 2.30 and a debt-to-equity ratio of 0.24.

Taiwan Semiconductor Manufacturing (NYSE:TSM - Get Free Report) last released its quarterly earnings data on Thursday, April 17th. The semiconductor company reported $2.12 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.03 by $0.09. Taiwan Semiconductor Manufacturing had a net margin of 40.51% and a return on equity of 30.47%. The firm had revenue of $25.82 billion for the quarter, compared to analysts' expectations of $834.10 billion. As a group, equities analysts predict that Taiwan Semiconductor Manufacturing Company Limited will post 9.2 earnings per share for the current year.

Taiwan Semiconductor Manufacturing Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 9th. Shareholders of record on Tuesday, September 16th will be given a $0.6499 dividend. This represents a $2.60 dividend on an annualized basis and a dividend yield of 1.32%. The ex-dividend date is Tuesday, September 16th. Taiwan Semiconductor Manufacturing's payout ratio is 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.

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