Empirical Asset Management LLC Acquires 103,020 Shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Empirical Asset Management LLC increased its holdings in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 979.4% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 113,539 shares of the semiconductor company’s stock after purchasing an additional 103,020 shares during the period. Empirical Asset Management LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $22,423,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of TSM. Axxcess Wealth Management LLC increased its position in Taiwan Semiconductor Manufacturing by 55.6% in the second quarter. Axxcess Wealth Management LLC now owns 11,164 shares of the semiconductor company’s stock worth $1,940,000 after purchasing an additional 3,991 shares during the last quarter. Mercer Global Advisors Inc. ADV increased its position in Taiwan Semiconductor Manufacturing by 2.3% during the second quarter. Mercer Global Advisors Inc. ADV now owns 113,657 shares of the semiconductor company’s stock valued at $19,755,000 after acquiring an additional 2,578 shares during the last quarter. Meiji Yasuda Asset Management Co Ltd. increased its position in Taiwan Semiconductor Manufacturing by 33.2% during the second quarter. Meiji Yasuda Asset Management Co Ltd. now owns 30,968 shares of the semiconductor company’s stock valued at $5,383,000 after acquiring an additional 7,727 shares during the last quarter. Blair William & Co. IL increased its position in Taiwan Semiconductor Manufacturing by 24.2% during the second quarter. Blair William & Co. IL now owns 79,627 shares of the semiconductor company’s stock valued at $13,840,000 after acquiring an additional 15,522 shares during the last quarter. Finally, Waterloo Capital L.P. increased its position in Taiwan Semiconductor Manufacturing by 11.2% during the second quarter. Waterloo Capital L.P. now owns 1,810 shares of the semiconductor company’s stock valued at $315,000 after acquiring an additional 182 shares during the last quarter. Institutional investors own 16.51% of the company’s stock.

Taiwan Semiconductor Manufacturing Stock Up 4.0 %

NYSE:TSM opened at $215.06 on Friday. Taiwan Semiconductor Manufacturing Company Limited has a 1-year low of $100.00 and a 1-year high of $222.20. The company has a 50-day moving average of $197.53 and a 200 day moving average of $183.96. The firm has a market cap of $1.12 trillion, a PE ratio of 34.46, a price-to-earnings-growth ratio of 0.76 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 (NYSE:TSM) last released its quarterly earnings data 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 net margin of 39.10% and a return on equity of 27.44%. As a group, research analysts anticipate that Taiwan Semiconductor Manufacturing Company Limited will post 6.92 EPS for the current fiscal year.

Taiwan Semiconductor Manufacturing Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 10th. Shareholders of record on Tuesday, March 18th will be given a dividend of $0.5484 per share. This represents a $2.19 annualized dividend and a dividend yield of 1.02%. This is a positive change from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. The ex-dividend date is Tuesday, March 18th. Taiwan Semiconductor Manufacturing’s dividend payout ratio is presently 30.77%.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on TSM shares. StockNews.com cut shares of Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a research report on Sunday, November 17th. Barclays boosted their price objective on shares of Taiwan Semiconductor Manufacturing from $215.00 to $240.00 and gave the company an “overweight” rating in a research report on Monday, November 18th. Susquehanna reiterated a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a research report on Friday, October 18th. Finally, Needham & Company LLC restated a “buy” rating and issued a $225.00 price target on shares of Taiwan Semiconductor Manufacturing in a report on Thursday. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $217.00.

Taiwan Semiconductor Manufacturing Company 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.