MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH Increases Holdings in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH increased its stake in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 34.6% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 70,991 shares of the semiconductor company’s stock after buying an additional 18,236 shares during the quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH’s holdings in Taiwan Semiconductor Manufacturing were worth $7,383,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Baystate Wealth Management LLC raised its position in Taiwan Semiconductor Manufacturing by 1,333.3% in the second quarter. Baystate Wealth Management LLC now owns 258 shares of the semiconductor company’s stock valued at $26,000 after purchasing an additional 240 shares during the period. Financial Gravity Asset Management Inc. raised its position in Taiwan Semiconductor Manufacturing by 208.9% in the third quarter. Financial Gravity Asset Management Inc. now owns 312 shares of the semiconductor company’s stock valued at $27,000 after purchasing an additional 211 shares during the period. MBM Wealth Consultants LLC purchased a new stake in Taiwan Semiconductor Manufacturing in the fourth quarter valued at $27,000. Carolinas Wealth Consulting LLC raised its position in Taiwan Semiconductor Manufacturing by 334.8% in the second quarter. Carolinas Wealth Consulting LLC now owns 287 shares of the semiconductor company’s stock valued at $29,000 after purchasing an additional 221 shares during the period. Finally, PCA Investment Advisory Services Inc. purchased a new stake in Taiwan Semiconductor Manufacturing in the second quarter valued at $29,000. Hedge funds and other institutional investors own 16.51% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have commented on TSM. Susquehanna lifted their target price on Taiwan Semiconductor Manufacturing from $130.00 to $160.00 and gave the company a “positive” rating in a research report on Tuesday, February 13th. Needham & Company LLC lifted their price objective on Taiwan Semiconductor Manufacturing from $115.00 to $133.00 and gave the company a “buy” rating in a research note on Friday, January 19th. TD Cowen lifted their price objective on Taiwan Semiconductor Manufacturing from $85.00 to $95.00 and gave the company a “market perform” rating in a research note on Friday, January 12th. Barclays lifted their price objective on Taiwan Semiconductor Manufacturing from $110.00 to $125.00 and gave the company an “overweight” rating in a research note on Friday, January 19th. Finally, StockNews.com raised Taiwan Semiconductor Manufacturing from a “hold” rating to a “buy” rating in a research note on Friday, December 8th. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Taiwan Semiconductor Manufacturing presently has a consensus rating of “Moderate Buy” and an average target price of $128.25.

Taiwan Semiconductor Manufacturing Stock Down 0.5 %

TSM traded down $0.64 on Friday, hitting $136.05. 10,019,364 shares of the company were exchanged, compared to its average volume of 19,151,932. Taiwan Semiconductor Manufacturing Company Limited has a twelve month low of $81.21 and a twelve month high of $158.40. The company has a market cap of $705.61 billion, a price-to-earnings ratio of 26.26, a price-to-earnings-growth ratio of 1.04 and a beta of 1.15. The company has a current ratio of 2.40, a quick ratio of 2.13 and a debt-to-equity ratio of 0.26. The firm has a 50-day moving average price of $129.56 and a two-hundred day moving average price of $107.19.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last released its earnings results on Thursday, January 18th. The semiconductor company reported $1.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.37 by $0.07. The company had revenue of $19.62 billion for the quarter, compared to analysts’ expectations of $18.99 billion. Taiwan Semiconductor Manufacturing had a return on equity of 25.24% and a net margin of 38.80%. On average, equities analysts predict that Taiwan Semiconductor Manufacturing Company Limited will post 6.16 earnings per share for the current year.

Taiwan Semiconductor Manufacturing Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 11th. Stockholders of record on Thursday, June 13th will be given a $0.4408 dividend. The ex-dividend date is Thursday, June 13th. This represents a $1.76 annualized dividend and a dividend yield of 1.30%. Taiwan Semiconductor Manufacturing’s dividend payout ratio is currently 33.78%.

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 complementary metal oxide silicon wafer fabrication processes to manufacture logic, mixed-signal, radio frequency, and embedded memory semiconductors.