W.G. Shaheen & Associates DBA Whitney & Co Has $6.10 Million Stock Holdings in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

W.G. Shaheen & Associates DBA Whitney & Co boosted its stake in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 18.1% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 35,133 shares of the semiconductor company’s stock after purchasing an additional 5,397 shares during the quarter. W.G. Shaheen & Associates DBA Whitney & Co’s holdings in Taiwan Semiconductor Manufacturing were worth $6,102,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. BOKF NA grew its holdings in Taiwan Semiconductor Manufacturing by 4.8% in the first quarter. BOKF NA now owns 1,762 shares of the semiconductor company’s stock worth $249,000 after purchasing an additional 81 shares during the period. HF Advisory Group LLC grew its holdings in shares of Taiwan Semiconductor Manufacturing by 55.5% during the third quarter. HF Advisory Group LLC now owns 13,755 shares of the semiconductor company’s stock valued at $2,389,000 after buying an additional 4,907 shares during the last quarter. Impax Asset Management Group plc grew its holdings in shares of Taiwan Semiconductor Manufacturing by 33.7% during the third quarter. Impax Asset Management Group plc now owns 26,418 shares of the semiconductor company’s stock valued at $4,588,000 after buying an additional 6,664 shares during the last quarter. Advisor Resource Council acquired a new position in shares of Taiwan Semiconductor Manufacturing during the third quarter valued at about $613,000. Finally, Callahan Advisors LLC grew its holdings in shares of Taiwan Semiconductor Manufacturing by 67.1% during the third quarter. Callahan Advisors LLC now owns 8,360 shares of the semiconductor company’s stock valued at $1,452,000 after buying an additional 3,358 shares during the last quarter. 16.51% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the stock. Barclays lifted their price objective on shares of Taiwan Semiconductor Manufacturing from $215.00 to $240.00 and gave the company an “overweight” rating in a report on Monday. Needham & Company LLC reiterated a “buy” rating and set a $210.00 price objective on shares of Taiwan Semiconductor Manufacturing in a report on Thursday, October 17th. Susquehanna reiterated a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a report on Friday, October 18th. Finally, StockNews.com cut shares of Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a report on Sunday. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $214.00.

Taiwan Semiconductor Manufacturing Stock Up 0.8 %

Taiwan Semiconductor Manufacturing stock opened at $187.44 on Tuesday. Taiwan Semiconductor Manufacturing Company Limited has a fifty-two week low of $95.25 and a fifty-two week high of $212.60. The stock has a market cap of $972.14 billion, a PE ratio of 30.04, a price-to-earnings-growth ratio of 0.87 and a beta of 1.12. The firm’s 50-day simple moving average is $186.28 and its 200 day simple moving average is $172.79. The company has a debt-to-equity ratio of 0.24, a quick ratio of 2.30 and a current ratio of 2.57.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last released its quarterly earnings results on Thursday, October 17th. The semiconductor company reported $1.94 earnings per share for the quarter, topping the consensus estimate of $1.74 by $0.20. Taiwan Semiconductor Manufacturing had a net margin of 39.10% and a return on equity of 27.44%. The business had revenue of $23.50 billion for the quarter, compared to analysts’ expectations of $22.72 billion. Research analysts predict that Taiwan Semiconductor Manufacturing Company Limited will post 6.84 EPS for the current fiscal year.

Taiwan Semiconductor Manufacturing Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 10th. Shareholders of record on Tuesday, March 18th will be given a $0.5484 dividend. This is a positive change from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. The ex-dividend date is Tuesday, March 18th. This represents a $2.19 annualized dividend and a yield of 1.17%. Taiwan Semiconductor Manufacturing’s payout ratio is currently 31.57%.

Taiwan Semiconductor Manufacturing 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.