Bank of Hawaii Acquires 1,384 Shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Bank of Hawaii lifted its holdings in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 25.1% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 6,905 shares of the semiconductor company’s stock after buying an additional 1,384 shares during the quarter. Bank of Hawaii’s holdings in Taiwan Semiconductor Manufacturing were worth $1,199,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of TSM. Atlantic Edge Private Wealth Management LLC bought a new stake in shares of Taiwan Semiconductor Manufacturing during the second quarter worth $25,000. Reston Wealth Management LLC bought a new stake in Taiwan Semiconductor Manufacturing during the 3rd quarter valued at about $25,000. Olistico Wealth LLC purchased a new stake in Taiwan Semiconductor Manufacturing in the 2nd quarter valued at about $27,000. Valley Wealth Managers Inc. bought a new position in Taiwan Semiconductor Manufacturing in the 2nd quarter worth about $27,000. Finally, NewSquare Capital LLC purchased a new position in shares of Taiwan Semiconductor Manufacturing during the second quarter worth approximately $29,000. 16.51% of the stock is owned by institutional investors.

Taiwan Semiconductor Manufacturing Trading Down 0.6 %

Shares of NYSE TSM opened at $190.08 on Monday. Taiwan Semiconductor Manufacturing Company Limited has a 1-year low of $95.25 and a 1-year high of $212.60. The business has a fifty day moving average price of $187.92 and a 200 day moving average price of $174.12. 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. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.57 and a quick ratio of 2.30.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last released its quarterly earnings results on Thursday, October 17th. The semiconductor company reported $1.94 EPS for the quarter, beating the consensus estimate of $1.74 by $0.20. The business had revenue of $23.50 billion during the quarter, compared to analyst estimates of $22.72 billion. Taiwan Semiconductor Manufacturing had a net margin of 39.10% and a return on equity of 27.44%. Equities research analysts expect that Taiwan Semiconductor Manufacturing Company Limited will post 6.95 EPS for the current fiscal year.

Taiwan Semiconductor Manufacturing Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 10th. Stockholders of record on Tuesday, March 18th will be given a dividend of $0.5484 per share. The ex-dividend date is Tuesday, March 18th. This is an increase from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. This represents a $2.19 dividend on an annualized basis and a dividend yield of 1.15%. Taiwan Semiconductor Manufacturing’s dividend payout ratio is presently 31.57%.

Analyst Ratings Changes

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

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 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.