Natixis Advisors L.P. Buys 193,990 Shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Natixis Advisors L.P. lifted its holdings in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 12.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,802,208 shares of the semiconductor company’s stock after purchasing an additional 193,990 shares during the period. Natixis Advisors L.P.’s holdings in Taiwan Semiconductor Manufacturing were worth $187,429,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Financial Gravity Asset Management Inc. lifted its holdings in Taiwan Semiconductor Manufacturing by 208.9% in the third quarter. Financial Gravity Asset Management Inc. now owns 312 shares of the semiconductor company’s stock valued at $27,000 after buying an additional 211 shares during the period. Farmers & Merchants Investments Inc. acquired a new position in shares of Taiwan Semiconductor Manufacturing in the 4th quarter valued at about $31,000. Creative Financial Designs Inc. ADV boosted its holdings in Taiwan Semiconductor Manufacturing by 108.7% during the 4th quarter. Creative Financial Designs Inc. ADV now owns 311 shares of the semiconductor company’s stock worth $32,000 after acquiring an additional 162 shares during the last quarter. Baystate Wealth Management LLC raised its holdings in shares of Taiwan Semiconductor Manufacturing by 53.5% in the third quarter. Baystate Wealth Management LLC now owns 396 shares of the semiconductor company’s stock valued at $34,000 after purchasing an additional 138 shares during the last quarter. Finally, Tennessee Valley Asset Management Partners bought a new position in shares of Taiwan Semiconductor Manufacturing during the fourth quarter valued at about $37,000. 16.51% of the stock is currently owned by institutional investors and hedge funds.

Taiwan Semiconductor Manufacturing Stock Performance

Shares of NYSE:TSM traded up $0.81 during mid-day trading on Thursday, reaching $135.75. The company had a trading volume of 5,415,639 shares, compared to its average volume of 15,525,345. Taiwan Semiconductor Manufacturing Company Limited has a one year low of $82.44 and a one year high of $158.40. The company has a current ratio of 2.33, a quick ratio of 2.06 and a debt-to-equity ratio of 0.27. The company’s 50-day moving average price is $137.73 and its 200-day moving average price is $115.76. The firm has a market cap of $704.06 billion, a price-to-earnings ratio of 25.55, a PEG ratio of 0.98 and a beta of 1.13.

Taiwan Semiconductor Manufacturing Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 11th. Shareholders of record on Thursday, June 13th will be paid a $0.4408 dividend. The ex-dividend date is Thursday, June 13th. This represents a $1.76 annualized dividend and a dividend yield of 1.30%. Taiwan Semiconductor Manufacturing’s payout ratio is presently 32.76%.

Wall Street Analyst Weigh In

TSM has been the subject of a number of recent analyst reports. TD Cowen upped their price objective on shares of Taiwan Semiconductor Manufacturing from $100.00 to $130.00 and gave the stock a “hold” rating in a research report on Thursday, April 18th. Needham & Company LLC reaffirmed a “buy” rating and set a $168.00 price target on shares of Taiwan Semiconductor Manufacturing in a research report on Thursday, April 18th. Susquehanna lifted their price target on Taiwan Semiconductor Manufacturing from $160.00 to $180.00 and gave the stock a “positive” rating in a report on Tuesday, April 2nd. Barclays upped their price objective on Taiwan Semiconductor Manufacturing from $145.00 to $150.00 and gave the company an “overweight” rating in a research note on Friday, April 19th. Finally, StockNews.com upgraded Taiwan Semiconductor Manufacturing from a “hold” rating to a “buy” rating in a research note on Thursday, April 11th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $157.00.

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.