Intergy Private Wealth LLC Takes Position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Intergy Private Wealth LLC acquired a new stake in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) in the fourth quarter, HoldingsChannel reports. The firm acquired 1,317 shares of the semiconductor company’s stock, valued at approximately $260,000.

Other hedge funds have also added to or reduced their stakes in the company. Narus Financial Partners LLC acquired a new position in Taiwan Semiconductor Manufacturing in the 4th quarter valued at approximately $217,000. Evernest Financial Advisors LLC acquired a new stake in Taiwan Semiconductor Manufacturing in the fourth quarter valued at $221,000. Hunter Associates Investment Management LLC bought a new position in Taiwan Semiconductor Manufacturing during the 4th quarter worth $231,000. Oak Harvest Investment Services acquired a new position in Taiwan Semiconductor Manufacturing during the 4th quarter worth about $212,000. Finally, Cibc World Market Inc. grew its position in shares of Taiwan Semiconductor Manufacturing by 6.3% in the 4th quarter. Cibc World Market Inc. now owns 1,139,274 shares of the semiconductor company’s stock valued at $224,995,000 after buying an additional 67,847 shares during the last quarter. 16.51% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on TSM. Barclays raised their price objective on Taiwan Semiconductor Manufacturing from $240.00 to $255.00 and gave the stock an “overweight” rating in a research report on Friday, January 17th. Needham & Company LLC reaffirmed a “buy” rating and issued a $225.00 price objective on shares of Taiwan Semiconductor Manufacturing in a research note on Thursday, January 16th. StockNews.com cut shares of Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a research report on Tuesday. Finally, Susquehanna restated a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a report on Friday, October 18th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $220.00.

Taiwan Semiconductor Manufacturing Price Performance

Taiwan Semiconductor Manufacturing stock opened at $208.29 on Friday. The stock’s 50 day moving average price is $201.70 and its two-hundred day moving average price is $186.00. The stock has a market capitalization of $1.08 trillion, a price-to-earnings ratio of 29.59, a PEG ratio of 0.67 and a beta of 1.07. The company has a debt-to-equity ratio of 0.24, a quick ratio of 2.30 and a current ratio of 2.57. Taiwan Semiconductor Manufacturing Company Limited has a 52-week low of $112.61 and a 52-week high of $226.40.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last posted its quarterly earnings results on Thursday, January 16th. The semiconductor company reported $2.24 EPS for the quarter, topping analysts’ consensus estimates of $2.16 by $0.08. Taiwan Semiconductor Manufacturing had a net margin of 40.51% and a return on equity of 30.47%. On average, equities analysts predict that Taiwan Semiconductor Manufacturing Company Limited will post 9.12 earnings per share for the current year.

Taiwan Semiconductor Manufacturing Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 10th. Investors of record on Tuesday, March 18th will be given a $0.5484 dividend. This represents a $2.19 dividend on an annualized basis and a yield of 1.05%. This is a positive change from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. The ex-dividend date of this dividend is Tuesday, March 18th. Taiwan Semiconductor Manufacturing’s payout ratio is presently 27.27%.

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.