Okabena Investment Services Inc. Has $5.19 Million Stock Holdings in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Okabena Investment Services Inc. boosted its holdings in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 1.7% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 29,884 shares of the semiconductor company’s stock after buying an additional 511 shares during the period. Taiwan Semiconductor Manufacturing makes up about 1.5% of Okabena Investment Services Inc.’s holdings, making the stock its 18th biggest position. Okabena Investment Services Inc.’s holdings in Taiwan Semiconductor Manufacturing were worth $5,190,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of TSM. ProShare Advisors LLC purchased a new position in shares of Taiwan Semiconductor Manufacturing during the 1st quarter valued at $210,000. Gamco Investors INC. ET AL acquired a new position in Taiwan Semiconductor Manufacturing in the 1st quarter worth about $437,000. BOKF NA raised its stake in shares of Taiwan Semiconductor Manufacturing by 4.8% during the 1st quarter. BOKF NA now owns 1,762 shares of the semiconductor company’s stock worth $249,000 after purchasing an additional 81 shares in the last quarter. Waverly Advisors LLC lifted its holdings in shares of Taiwan Semiconductor Manufacturing by 21.7% during the 1st quarter. Waverly Advisors LLC now owns 8,161 shares of the semiconductor company’s stock valued at $1,110,000 after buying an additional 1,456 shares during the last quarter. Finally, BlueCrest Capital Management Ltd increased its holdings in Taiwan Semiconductor Manufacturing by 100.0% in the first quarter. BlueCrest Capital Management Ltd now owns 4,000 shares of the semiconductor company’s stock worth $544,000 after buying an additional 2,000 shares during the last quarter. 16.51% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

TSM has been the subject of a number of analyst reports. Barclays boosted their price target on Taiwan Semiconductor Manufacturing from $215.00 to $240.00 and gave the stock an “overweight” rating in a research report on Monday, November 18th. Needham & Company LLC reaffirmed a “buy” rating and issued a $210.00 target price on shares of Taiwan Semiconductor Manufacturing in a research report on Thursday, October 17th. StockNews.com downgraded Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a report on Sunday, November 17th. Finally, Susquehanna reissued a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a report on Friday, October 18th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, Taiwan Semiconductor Manufacturing has an average rating of “Moderate Buy” and an average target price of $214.00.

Taiwan Semiconductor Manufacturing Stock Performance

NYSE:TSM opened at $190.08 on Friday. The stock has a market capitalization of $985.83 billion, a P/E ratio of 30.46, a price-to-earnings-growth ratio of 0.88 and a beta of 1.12. Taiwan Semiconductor Manufacturing Company Limited has a 1 year low of $95.25 and a 1 year high of $212.60. The firm has a 50 day moving average of $187.92 and a 200-day moving average of $173.91. The company has a current ratio of 2.57, a quick ratio of 2.30 and a debt-to-equity ratio of 0.24.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last issued its quarterly earnings data on Thursday, October 17th. The semiconductor company reported $1.94 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.74 by $0.20. Taiwan Semiconductor Manufacturing had a return on equity of 27.44% and a net margin of 39.10%. The firm had revenue of $23.50 billion during the quarter, compared to the consensus estimate of $22.72 billion. As a group, sell-side analysts anticipate that Taiwan Semiconductor Manufacturing Company Limited will post 6.95 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 represents a $2.19 annualized dividend and a yield of 1.15%. The ex-dividend date of this dividend is Tuesday, March 18th. This is a boost from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. Taiwan Semiconductor Manufacturing’s dividend payout ratio (DPR) is presently 31.57%.

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.