Cox Capital Mgt LLC Has $4.08 Million Stock Position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Cox Capital Mgt LLC boosted its stake in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 0.4% during the 4th quarter, HoldingsChannel.com reports. The fund owned 20,674 shares of the semiconductor company’s stock after acquiring an additional 75 shares during the period. Taiwan Semiconductor Manufacturing accounts for 2.6% of Cox Capital Mgt LLC’s portfolio, making the stock its 12th biggest position. Cox Capital Mgt LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $4,083,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in TSM. Reston Wealth Management LLC acquired a new stake in shares of Taiwan Semiconductor Manufacturing during the third quarter worth $25,000. Fairscale Capital LLC bought a new stake in Taiwan Semiconductor Manufacturing during the second quarter valued at $32,000. Sugarloaf Wealth Management LLC grew its holdings in Taiwan Semiconductor Manufacturing by 77.1% during the 3rd quarter. Sugarloaf Wealth Management LLC now owns 186 shares of the semiconductor company’s stock worth $32,000 after acquiring an additional 81 shares during the period. Archer Investment Corp raised its position in shares of Taiwan Semiconductor Manufacturing by 48.1% in the 3rd quarter. Archer Investment Corp now owns 191 shares of the semiconductor company’s stock worth $33,000 after acquiring an additional 62 shares in the last quarter. Finally, Abich Financial Wealth Management LLC lifted its stake in shares of Taiwan Semiconductor Manufacturing by 108.0% in the 2nd quarter. Abich Financial Wealth Management LLC now owns 208 shares of the semiconductor company’s stock valued at $36,000 after purchasing an additional 108 shares during the period. Institutional investors and hedge funds own 16.51% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Taiwan Semiconductor Manufacturing Trading Up 0.1 %

NYSE TSM opened at $201.62 on Wednesday. The company has a quick ratio of 2.30, a current ratio of 2.57 and a debt-to-equity ratio of 0.24. Taiwan Semiconductor Manufacturing Company Limited has a 52 week low of $100.00 and a 52 week high of $222.20. The business has a 50 day moving average price of $197.26 and a 200-day moving average price of $183.79. The company has a market cap of $1.05 trillion, a price-to-earnings ratio of 32.31, a P/E/G ratio of 0.93 and a beta of 1.07.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last announced its quarterly earnings results on Thursday, October 17th. The semiconductor company reported $1.94 EPS for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $22.72 billion. As a group, equities analysts expect that Taiwan Semiconductor Manufacturing Company Limited will post 6.95 earnings per share for the current fiscal year.

Taiwan Semiconductor Manufacturing Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 10th. Investors of record on Tuesday, March 18th will be issued a $0.5484 dividend. This represents a $2.19 dividend on an annualized basis and a dividend yield of 1.09%. The ex-dividend date of this dividend is Tuesday, March 18th. This is a positive change from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. Taiwan Semiconductor Manufacturing’s dividend payout ratio is currently 35.10%.

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.