Wesbanco Bank Inc. Makes New Investment in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Wesbanco Bank Inc. bought a new position in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM – Get Rating) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 5,221 shares of the semiconductor company’s stock, valued at approximately $389,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in TSM. Two Sigma Advisers LP boosted its position in shares of Taiwan Semiconductor Manufacturing by 489.4% in the 3rd quarter. Two Sigma Advisers LP now owns 3,449,300 shares of the semiconductor company’s stock worth $236,484,000 after purchasing an additional 2,864,100 shares in the last quarter. Assenagon Asset Management S.A. boosted its position in shares of Taiwan Semiconductor Manufacturing by 10,443.1% in the 4th quarter. Assenagon Asset Management S.A. now owns 2,663,175 shares of the semiconductor company’s stock worth $198,380,000 after purchasing an additional 2,637,915 shares in the last quarter. State Street Corp boosted its position in shares of Taiwan Semiconductor Manufacturing by 124.9% in the 1st quarter. State Street Corp now owns 4,078,090 shares of the semiconductor company’s stock worth $427,158,000 after purchasing an additional 2,264,575 shares in the last quarter. Sanders Capital LLC boosted its position in shares of Taiwan Semiconductor Manufacturing by 3.5% in the 3rd quarter. Sanders Capital LLC now owns 42,934,330 shares of the semiconductor company’s stock worth $2,943,578,000 after purchasing an additional 1,445,645 shares in the last quarter. Finally, Tiger Global Management LLC bought a new position in Taiwan Semiconductor Manufacturing in the 3rd quarter valued at approximately $90,157,000. Hedge funds and other institutional investors own 16.79% of the company’s stock.

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Wall Street Analysts Forecast Growth

Several research firms recently issued reports on TSM. Needham & Company LLC reaffirmed a “buy” rating and issued a $110.00 price objective on shares of Taiwan Semiconductor Manufacturing in a research report on Friday, March 10th. StockNews.com began coverage on Taiwan Semiconductor Manufacturing in a research report on Thursday, March 16th. They issued a “buy” rating on the stock. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $90.25.

Taiwan Semiconductor Manufacturing Price Performance

Shares of TSM opened at $90.66 on Tuesday. The firm has a market cap of $470.17 billion, a PE ratio of 13.82, a P/E/G ratio of 0.81 and a beta of 1.10. The company has a current ratio of 2.17, a quick ratio of 1.94 and a debt-to-equity ratio of 0.29. The firm has a fifty day simple moving average of $91.30 and a two-hundred day simple moving average of $80.14. Taiwan Semiconductor Manufacturing Company Limited has a 1-year low of $59.43 and a 1-year high of $109.75.

Taiwan Semiconductor Manufacturing (NYSE:TSM – Get Rating) last announced its earnings results on Thursday, January 12th. The semiconductor company reported $1.82 earnings per share for the quarter, beating analysts’ consensus estimates of $1.80 by $0.02. The business had revenue of $19.93 billion during the quarter, compared to analyst estimates of $20.29 billion. Taiwan Semiconductor Manufacturing had a net margin of 44.81% and a return on equity of 37.99%. On average, equities analysts anticipate that Taiwan Semiconductor Manufacturing Company Limited will post 5.57 EPS for the current year.

Taiwan Semiconductor Manufacturing Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 13th. Shareholders of record on Friday, June 16th will be paid a dividend of $0.3597 per share. The ex-dividend date of this dividend is Thursday, June 15th. This represents a $1.44 dividend on an annualized basis and a yield of 1.59%. Taiwan Semiconductor Manufacturing’s dividend payout ratio is presently 21.65%.

Taiwan Semiconductor Manufacturing Company Profile

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Taiwan Semiconductor Manufacturing Co, Ltd. engages in the manufacture and sale of integrated circuits and wafer semiconductor devices. Its chips are used in personal computers and peripheral products, information applications, wired and wireless communications systems products, and automotive and industrial equipment including consumer electronics such as digital video compact disc player, digital television, game consoles, and digital cameras.

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