Loudon Investment Management LLC Purchases 600 Shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Loudon Investment Management LLC raised its position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 4.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 15,270 shares of the semiconductor company’s stock after buying an additional 600 shares during the quarter. Loudon Investment Management LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $1,588,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the company. Van ECK Associates Corp lifted its holdings in Taiwan Semiconductor Manufacturing by 29.6% during the third quarter. Van ECK Associates Corp now owns 14,795,582 shares of the semiconductor company’s stock valued at $1,285,736,000 after purchasing an additional 3,381,514 shares during the last quarter. Morgan Stanley lifted its stake in shares of Taiwan Semiconductor Manufacturing by 11.2% during the 3rd quarter. Morgan Stanley now owns 23,804,180 shares of the semiconductor company’s stock valued at $2,068,583,000 after buying an additional 2,400,882 shares in the last quarter. Lone Pine Capital LLC boosted its holdings in Taiwan Semiconductor Manufacturing by 21.7% in the 3rd quarter. Lone Pine Capital LLC now owns 7,800,152 shares of the semiconductor company’s stock worth $677,833,000 after buying an additional 1,389,785 shares during the period. American Century Companies Inc. grew its stake in Taiwan Semiconductor Manufacturing by 56.2% in the 3rd quarter. American Century Companies Inc. now owns 3,473,637 shares of the semiconductor company’s stock valued at $301,859,000 after buying an additional 1,250,290 shares in the last quarter. Finally, Northern Trust Corp raised its holdings in Taiwan Semiconductor Manufacturing by 44.1% during the 3rd quarter. Northern Trust Corp now owns 3,490,630 shares of the semiconductor company’s stock valued at $303,336,000 after acquiring an additional 1,068,723 shares during the period. Hedge funds and other institutional investors own 16.51% of the company’s stock.

Wall Street Analyst Weigh In

TSM has been the subject of a number of analyst reports. Needham & Company LLC reaffirmed a “buy” rating and issued a $168.00 price target on shares of Taiwan Semiconductor Manufacturing in a report on Thursday, April 18th. Barclays lifted their target price on Taiwan Semiconductor Manufacturing from $145.00 to $150.00 and gave the company an “overweight” rating in a report on Friday, April 19th. Susquehanna increased their price target on shares of Taiwan Semiconductor Manufacturing from $160.00 to $180.00 and gave the stock a “positive” rating in a report on Tuesday, April 2nd. StockNews.com raised shares of Taiwan Semiconductor Manufacturing from a “hold” rating to a “buy” rating in a research note on Thursday, April 11th. Finally, TD Cowen upped their target price on Taiwan Semiconductor Manufacturing from $100.00 to $130.00 and gave the stock a “hold” rating in a research note on Thursday, April 18th. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, Taiwan Semiconductor Manufacturing presently has a consensus rating of “Moderate Buy” and an average price target of $157.00.

Taiwan Semiconductor Manufacturing Price Performance

NYSE:TSM traded up $1.35 during midday trading on Thursday, hitting $136.29. The company had a trading volume of 9,251,381 shares, compared to its average volume of 15,571,852. The company has a market capitalization of $706.86 billion, a PE ratio of 25.55, a P/E/G ratio of 0.98 and a beta of 1.13. The company has a quick ratio of 2.06, a current ratio of 2.33 and a debt-to-equity ratio of 0.27. Taiwan Semiconductor Manufacturing Company Limited has a 52-week low of $82.44 and a 52-week high of $158.40. The stock’s fifty day moving average price is $137.73 and its 200-day moving average price is $115.76.

Taiwan Semiconductor Manufacturing Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 11th. Stockholders of record on Thursday, June 13th will be issued a $0.4408 dividend. This represents a $1.76 dividend on an annualized basis and a dividend yield of 1.29%. The ex-dividend date is Thursday, June 13th. Taiwan Semiconductor Manufacturing’s payout ratio is currently 32.76%.

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.