Planned Solutions Inc. Makes New Investment in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Planned Solutions Inc. bought a new stake in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 843 shares of the semiconductor company’s stock, valued at approximately $88,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Mirae Asset Global Investments Co. Ltd. increased its position in Taiwan Semiconductor Manufacturing by 30.0% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,381,845 shares of the semiconductor company’s stock valued at $144,071,000 after acquiring an additional 318,570 shares in the last quarter. Zions Bancorporation N.A. increased its holdings in shares of Taiwan Semiconductor Manufacturing by 29.2% in the first quarter. Zions Bancorporation N.A. now owns 597 shares of the semiconductor company’s stock valued at $62,000 after purchasing an additional 135 shares in the last quarter. Brown Brothers Harriman & Co. raised its position in Taiwan Semiconductor Manufacturing by 40.1% in the 1st quarter. Brown Brothers Harriman & Co. now owns 12,700 shares of the semiconductor company’s stock worth $1,324,000 after purchasing an additional 3,638 shares during the last quarter. Merit Financial Group LLC lifted its holdings in Taiwan Semiconductor Manufacturing by 17.3% during the 1st quarter. Merit Financial Group LLC now owns 2,350 shares of the semiconductor company’s stock worth $245,000 after buying an additional 346 shares in the last quarter. Finally, Ergoteles LLC boosted its position in Taiwan Semiconductor Manufacturing by 138.6% in the 1st quarter. Ergoteles LLC now owns 45,497 shares of the semiconductor company’s stock valued at $4,744,000 after buying an additional 26,426 shares during the last quarter. 16.51% of the stock is owned by institutional investors and hedge funds.

Taiwan Semiconductor Manufacturing Stock Performance

Shares of TSM stock opened at $136.67 on Thursday. The stock has a 50-day moving average of $128.42 and a 200-day moving average of $106.78. Taiwan Semiconductor Manufacturing Company Limited has a one year low of $81.21 and a one year high of $158.40. The stock has a market cap of $708.83 billion, a PE ratio of 26.38, a price-to-earnings-growth ratio of 1.06 and a beta of 1.15. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.40 and a quick ratio of 2.13.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last issued its earnings results on Thursday, January 18th. The semiconductor company reported $1.44 EPS for the quarter, beating the consensus estimate of $1.37 by $0.07. The firm had revenue of $19.62 billion during the quarter, compared to the consensus estimate of $18.99 billion. Taiwan Semiconductor Manufacturing had a net margin of 38.80% and a return on equity of 25.24%. As a group, sell-side analysts expect that Taiwan Semiconductor Manufacturing Company Limited will post 6.16 earnings per share for the current year.

Taiwan Semiconductor Manufacturing Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 11th. Shareholders of record on Thursday, June 13th will be issued a dividend of $0.4408 per share. The ex-dividend date of this dividend is Thursday, June 13th. This represents a $1.76 annualized dividend and a yield of 1.29%. Taiwan Semiconductor Manufacturing’s dividend payout ratio is presently 33.78%.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. TD Cowen upped their price target 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. Needham & Company LLC raised their target price on shares of Taiwan Semiconductor Manufacturing from $115.00 to $133.00 and gave the company a “buy” rating in a research note on Friday, January 19th. Susquehanna boosted their price target on shares of Taiwan Semiconductor Manufacturing from $130.00 to $160.00 and gave the stock a “positive” rating in a research note on Tuesday, February 13th. Barclays raised their price objective on shares of 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 upgraded shares of Taiwan Semiconductor Manufacturing from a “hold” rating to a “buy” rating in a research report on Friday, December 8th. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, Taiwan Semiconductor Manufacturing has an average rating of “Moderate Buy” and an average price target of $128.25.

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.