Ritholtz Wealth Management Purchases 2,256 Shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Ritholtz Wealth Management raised its holdings in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 3.3% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 69,671 shares of the semiconductor company’s stock after buying an additional 2,256 shares during the quarter. Ritholtz Wealth Management’s holdings in Taiwan Semiconductor Manufacturing were worth $13,759,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. FMR LLC lifted its stake in shares of Taiwan Semiconductor Manufacturing by 7.2% in the 3rd quarter. FMR LLC now owns 55,974,769 shares of the semiconductor company’s stock valued at $9,721,138,000 after purchasing an additional 3,783,802 shares during the period. Fisher Asset Management LLC raised its stake in Taiwan Semiconductor Manufacturing by 1.3% during the third quarter. Fisher Asset Management LLC now owns 28,767,106 shares of the semiconductor company’s stock valued at $4,995,984,000 after buying an additional 359,854 shares during the last quarter. Van ECK Associates Corp raised its stake in Taiwan Semiconductor Manufacturing by 0.7% during the third quarter. Van ECK Associates Corp now owns 18,289,993 shares of the semiconductor company’s stock valued at $3,176,423,000 after buying an additional 122,828 shares during the last quarter. WCM Investment Management LLC raised its stake in shares of Taiwan Semiconductor Manufacturing by 14.1% in the third quarter. WCM Investment Management LLC now owns 9,738,181 shares of the semiconductor company’s stock worth $1,733,104,000 after purchasing an additional 1,206,359 shares during the last quarter. Finally, Janus Henderson Group PLC raised its stake in shares of Taiwan Semiconductor Manufacturing by 19.9% in the third quarter. Janus Henderson Group PLC now owns 6,485,854 shares of the semiconductor company’s stock worth $1,126,420,000 after purchasing an additional 1,075,425 shares during the last quarter. Hedge funds and other institutional investors own 16.51% of the company’s stock.

Taiwan Semiconductor Manufacturing Price Performance

Shares of Taiwan Semiconductor Manufacturing stock opened at $215.06 on Friday. The stock’s 50-day simple moving average is $197.53 and its 200-day simple moving average is $183.96. Taiwan Semiconductor Manufacturing Company Limited has a 52 week low of $100.00 and a 52 week high of $222.20. The company has a market capitalization of $1.12 trillion, a price-to-earnings ratio of 34.46, a PEG ratio of 0.76 and a beta of 1.07. The company has a quick ratio of 2.30, a current ratio of 2.57 and a debt-to-equity ratio of 0.24.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last announced its quarterly earnings data on Thursday, January 16th. The semiconductor company reported $2.24 EPS for the quarter, beating the consensus estimate of $2.16 by $0.08. Taiwan Semiconductor Manufacturing had a return on equity of 27.44% and a net margin of 39.10%. As a group, analysts expect that Taiwan Semiconductor Manufacturing Company Limited will post 6.92 earnings per share for the current fiscal year.

Taiwan Semiconductor Manufacturing Increases Dividend

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

Wall Street Analyst Weigh In

Several research firms have recently weighed in on TSM. Susquehanna restated a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a research note on Friday, October 18th. StockNews.com lowered Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a report on Sunday, November 17th. Needham & Company LLC reaffirmed a “buy” rating and issued a $225.00 price objective on shares of Taiwan Semiconductor Manufacturing in a report on Thursday. Finally, Barclays boosted their price target on Taiwan Semiconductor Manufacturing from $215.00 to $240.00 and gave the company an “overweight” rating in a report on Monday, November 18th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, Taiwan Semiconductor Manufacturing presently has an average rating of “Moderate Buy” and an average target price of $217.00.

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.