Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) Shares Acquired by Gamco Investors INC. ET AL

Gamco Investors INC. ET AL boosted its holdings in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM - Free Report) by 69.7% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 4,870 shares of the semiconductor company's stock after purchasing an additional 2,000 shares during the period. Gamco Investors INC. ET AL's holdings in Taiwan Semiconductor Manufacturing were worth $962,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in TSM. Stonebridge Financial Group LLC purchased a new stake in Taiwan Semiconductor Manufacturing during the fourth quarter worth $25,000. IMG Wealth Management Inc. purchased a new position in shares of Taiwan Semiconductor Manufacturing in the 4th quarter valued at about $26,000. Hopwood Financial Services Inc. acquired a new position in Taiwan Semiconductor Manufacturing in the 4th quarter worth about $27,000. Roxbury Financial LLC acquired a new stake in Taiwan Semiconductor Manufacturing in the fourth quarter valued at approximately $29,000. Finally, Glass Jacobson Investment Advisors llc increased its position in shares of Taiwan Semiconductor Manufacturing by 289.4% in the fourth quarter. Glass Jacobson Investment Advisors llc now owns 183 shares of the semiconductor company's stock valued at $36,000 after buying an additional 136 shares in the last quarter. 16.51% of the stock is owned by hedge funds and other institutional investors.

Taiwan Semiconductor Manufacturing Trading Up 3.4 %

NYSE:TSM traded up $5.08 during trading hours on Wednesday, hitting $156.48. The company had a trading volume of 9,721,746 shares, compared to its average volume of 15,715,777. Taiwan Semiconductor Manufacturing Company Limited has a 1 year low of $128.86 and a 1 year high of $226.40. The company has a market cap of $811.57 billion, a P/E ratio of 22.23, a P/E/G ratio of 0.66 and a beta of 1.16. The company has a 50-day moving average of $171.56 and a 200 day moving average of $189.66. 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, topping the consensus estimate of $2.03 by $0.09. The firm had revenue of $25.82 billion during the quarter, compared to analysts' expectations of $834.10 billion. Taiwan Semiconductor Manufacturing had a net margin of 40.51% and a return on equity of 30.47%. Sell-side 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 firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 10th. Investors of record on Thursday, June 12th will be issued a $0.6855 dividend. The ex-dividend date is Thursday, June 12th. This is a boost 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 1.75%. Taiwan Semiconductor Manufacturing's dividend payout ratio is currently 27.76%.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on TSM shares. Susquehanna cut their price target on shares of Taiwan Semiconductor Manufacturing from $265.00 to $250.00 and set a "positive" rating for the company in a report on Thursday, April 17th. Barclays reduced their price target on shares of Taiwan Semiconductor Manufacturing from $255.00 to $215.00 and set an "overweight" rating for the company in a research report on Monday. Needham & Company LLC reissued a "buy" rating and set a $225.00 target price on shares of Taiwan Semiconductor Manufacturing in a report on Thursday, April 17th. Finally, StockNews.com lowered Taiwan Semiconductor Manufacturing from a "buy" rating to a "hold" rating in a research note on Tuesday, January 28th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat, Taiwan Semiconductor Manufacturing has a consensus rating of "Moderate Buy" and a consensus price target of $212.00.

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.