Trust Co. of Vermont Purchases 7,416 Shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Trust Co. of Vermont grew its holdings in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 40.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 25,528 shares of the semiconductor company’s stock after acquiring an additional 7,416 shares during the quarter. Trust Co. of Vermont’s holdings in Taiwan Semiconductor Manufacturing were worth $2,655,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Avestar Capital LLC boosted its stake in Taiwan Semiconductor Manufacturing by 1.8% during the fourth quarter. Avestar Capital LLC now owns 5,427 shares of the semiconductor company’s stock worth $567,000 after acquiring an additional 95 shares in the last quarter. Mather Group LLC. grew its stake in shares of Taiwan Semiconductor Manufacturing by 2.0% in the 4th quarter. Mather Group LLC. now owns 4,819 shares of the semiconductor company’s stock valued at $501,000 after buying an additional 96 shares during the period. Benjamin Edwards Inc. increased its position in Taiwan Semiconductor Manufacturing by 2.3% in the 4th quarter. Benjamin Edwards Inc. now owns 4,239 shares of the semiconductor company’s stock valued at $441,000 after buying an additional 96 shares in the last quarter. Intrinsic Value Partners LLC raised its stake in Taiwan Semiconductor Manufacturing by 0.4% during the 4th quarter. Intrinsic Value Partners LLC now owns 24,903 shares of the semiconductor company’s stock worth $2,590,000 after buying an additional 100 shares during the period. Finally, Atlas Private Wealth Advisors boosted its holdings in Taiwan Semiconductor Manufacturing by 3.3% in the fourth quarter. Atlas Private Wealth Advisors now owns 3,288 shares of the semiconductor company’s stock worth $342,000 after acquiring an additional 104 shares in the last quarter. 16.51% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have recently weighed in on TSM. StockNews.com raised Taiwan Semiconductor Manufacturing from a “hold” rating to a “buy” rating in a research report on Thursday, April 11th. TD Cowen raised their price objective on shares of Taiwan Semiconductor Manufacturing from $100.00 to $130.00 and gave the company a “hold” rating in a research note on Thursday, April 18th. Susquehanna lifted their price objective on shares of Taiwan Semiconductor Manufacturing from $180.00 to $200.00 and gave the company a “positive” rating in a report on Monday. Needham & Company LLC restated a “buy” rating and issued a $168.00 target price on shares of Taiwan Semiconductor Manufacturing in a report on Wednesday, May 22nd. Finally, Barclays lifted their price target on Taiwan Semiconductor Manufacturing from $150.00 to $170.00 and gave the company an “overweight” rating in a research note on Wednesday, June 5th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $167.00.

Taiwan Semiconductor Manufacturing Stock Performance

NYSE TSM opened at $177.29 on Tuesday. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.39 and a quick ratio of 2.13. The company has a fifty day moving average price of $149.65 and a 200-day moving average price of $130.34. Taiwan Semiconductor Manufacturing Company Limited has a 1 year low of $84.01 and a 1 year high of $178.67. The firm has a market cap of $919.50 billion, a price-to-earnings ratio of 33.77, a PEG ratio of 1.18 and a beta of 1.11.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last posted its quarterly earnings data on Thursday, April 18th. The semiconductor company reported $1.38 EPS for the quarter, beating the consensus estimate of $1.29 by $0.09. Taiwan Semiconductor Manufacturing had a net margin of 38.15% and a return on equity of 24.75%. The firm had revenue of $18.87 billion during the quarter, compared to analyst estimates of $18.38 billion. As a group, equities research analysts predict that Taiwan Semiconductor Manufacturing Company Limited will post 6.13 EPS for the current fiscal year.

Taiwan Semiconductor Manufacturing Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 9th. Shareholders of record on Thursday, September 12th will be given a $0.4865 dividend. The ex-dividend date is Thursday, September 12th. This represents a $1.95 annualized dividend and a yield of 1.10%. This is a boost from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.44. 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.