Loudon Investment Management LLC Purchases 600 Shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Loudon Investment Management LLC increased its holdings in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 4.1% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 15,270 shares of the semiconductor company’s stock after purchasing an additional 600 shares during the period. Loudon Investment Management LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $1,588,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Financial Gravity Asset Management Inc. increased its holdings in shares of Taiwan Semiconductor Manufacturing by 208.9% in the 3rd quarter. Financial Gravity Asset Management Inc. now owns 312 shares of the semiconductor company’s stock worth $27,000 after buying an additional 211 shares during the last quarter. Farmers & Merchants Investments Inc. bought a new stake in Taiwan Semiconductor Manufacturing during the fourth quarter worth approximately $31,000. Creative Financial Designs Inc. ADV raised its position in Taiwan Semiconductor Manufacturing by 108.7% during the fourth quarter. Creative Financial Designs Inc. ADV now owns 311 shares of the semiconductor company’s stock valued at $32,000 after purchasing an additional 162 shares during the period. Baystate Wealth Management LLC raised its position in Taiwan Semiconductor Manufacturing by 53.5% during 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 period. Finally, Tennessee Valley Asset Management Partners bought a new stake in shares of Taiwan Semiconductor Manufacturing in the 4th quarter valued at approximately $37,000. Hedge funds and other institutional investors own 16.51% of the company’s stock.

Analysts Set New Price Targets

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

Taiwan Semiconductor Manufacturing Trading Up 1.0 %

Shares of TSM traded up $1.35 during trading hours on Thursday, reaching $136.29. 9,251,381 shares of the company traded hands, compared to its average volume of 15,571,852. The firm has a market cap of $706.86 billion, a price-to-earnings ratio of 25.55, a PEG ratio of 0.98 and a beta of 1.13. Taiwan Semiconductor Manufacturing Company Limited has a 12-month low of $82.44 and a 12-month high of $158.40. The stock’s fifty day moving average price is $137.73 and its 200 day moving average price is $115.76. The company has a current ratio of 2.33, a quick ratio of 2.06 and a debt-to-equity ratio of 0.27.

Taiwan Semiconductor Manufacturing Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 11th. Investors of record on Thursday, June 13th will be given a dividend of $0.4408 per share. This represents a $1.76 annualized dividend and a yield of 1.29%. The ex-dividend date of this dividend is Thursday, June 13th. Taiwan Semiconductor Manufacturing’s dividend payout ratio is currently 32.76%.

Taiwan Semiconductor Manufacturing Company 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.