Blue Square Asset Management LLC Raises Position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Blue Square Asset Management LLC grew its position in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 2.3% during the fourth quarter, Holdings Channel reports. The fund owned 21,961 shares of the semiconductor company’s stock after purchasing an additional 496 shares during the period. Taiwan Semiconductor Manufacturing makes up about 2.2% of Blue Square Asset Management LLC’s holdings, making the stock its 15th biggest holding. Blue Square Asset Management LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $4,337,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Private Client Services LLC purchased a new stake in Taiwan Semiconductor Manufacturing in the fourth quarter worth about $201,000. Trust Co of the South increased its stake in Taiwan Semiconductor Manufacturing by 232.8% during the 4th quarter. Trust Co of the South now owns 8,869 shares of the semiconductor company’s stock valued at $1,752,000 after purchasing an additional 6,204 shares in the last quarter. Headwater Capital Co Ltd purchased a new position in Taiwan Semiconductor Manufacturing in the fourth quarter worth about $49,372,000. Genesis Private Wealth LLC bought a new position in shares of Taiwan Semiconductor Manufacturing in the fourth quarter worth approximately $462,000. Finally, NRI Wealth Management LC purchased a new stake in shares of Taiwan Semiconductor Manufacturing during the fourth quarter valued at approximately $1,545,000. Hedge funds and other institutional investors own 16.51% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on TSM. Barclays upped their price objective on Taiwan Semiconductor Manufacturing from $240.00 to $255.00 and gave the company an “overweight” rating in a research report on Friday, January 17th. StockNews.com raised Taiwan Semiconductor Manufacturing from a “hold” rating to a “buy” rating in a report on Monday, January 20th. Susquehanna reiterated a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a report on Friday, October 18th. Finally, Needham & Company LLC restated a “buy” rating and set a $225.00 target price on shares of Taiwan Semiconductor Manufacturing in a research note on Thursday, January 16th. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $220.00.

Taiwan Semiconductor Manufacturing Stock Performance

TSM stock opened at $221.73 on Friday. The company has a market cap of $1.15 trillion, a P/E ratio of 31.50, a price-to-earnings-growth ratio of 0.74 and a beta of 1.07. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.57 and a quick ratio of 2.30. Taiwan Semiconductor Manufacturing Company Limited has a 1 year low of $112.61 and a 1 year high of $226.40. The stock’s fifty day moving average price is $201.07 and its 200-day moving average price is $185.75.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last announced its earnings results on Thursday, January 16th. The semiconductor company reported $2.24 earnings per share (EPS) for the quarter, topping 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 analysts forecast that Taiwan Semiconductor Manufacturing Company Limited will post 9.12 earnings per share for the current year.

Taiwan Semiconductor Manufacturing Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 10th. Stockholders of record on Tuesday, March 18th will be paid a dividend of $0.5484 per share. This represents a $2.19 annualized dividend and a dividend yield of 0.99%. The ex-dividend date of this dividend is Tuesday, March 18th. This is a boost from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. Taiwan Semiconductor Manufacturing’s dividend payout ratio (DPR) is currently 27.27%.

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.