Madison Investment Advisors LLC Acquires Stake in Taiwan Semiconductor Manufacturing Company Ltd.

Madison Investment Advisors LLC has made a new investment in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM), according to its latest 13F filing with the SEC. In the 4th quarter, the firm acquired a total of 21,236 shares of the semiconductor company's stock, which are valued at approximately $4,194,000.

Changes in Institutional Holdings

Other institutional investors and hedge funds have also adjusted their holdings in Taiwan Semiconductor Manufacturing Company recently. For instance, First Horizon Advisors Inc. raised its stake in shares of TSM by 3.1% during the 3rd quarter, bringing its total to 8,181 shares valued at $1,421,000 after acquiring an additional 247 shares. Similarly, King Luther Capital Management Corp increased its holdings by 1.5%, now owning 6,913 shares worth $1,201,000 after purchasing 101 extra shares.

Additionally, LPL Financial LLC significantly boosted its stake by 17.7%, now possessing 1,149,145 shares valued at $199,572,000 after an acquisition of 172,918 shares in the last quarter. Smithfield Trust Co also increased its holdings by 3.7%, with its total now at 5,738 shares worth $997,000, following an additional purchase of 203 shares. Lastly, 49 Wealth Management LLC acquired a new stake worth about $513,000 in the 3rd quarter. Collectively, institutional investors own approximately 16.51% of the company's stock.

Recent Analyst Rating Updates

TSM has been featured in various research analyst reports lately. StockNews.com downgraded Taiwan Semiconductor Manufacturing from a 'buy' rating to a 'hold' rating on January 28th. In contrast, Barclays increased its price target for the company from $240.00 to $255.00 and rated the stock as 'overweight' on January 17th. Furthermore, Needham & Company LLC reiterated its 'buy' rating and set a price objective of $225.00 in a report dated February 18th. Currently, two analysts have assigned a hold rating, while four others have given it a buy rating. MarketBeat.com reports that the stock maintains a consensus rating of 'Moderate Buy' with an average price target of $220.00.

Taiwan Semiconductor Manufacturing's Stock Performance

As of Friday, shares of Taiwan Semiconductor Manufacturing are trading at $176.58. The company has a market capitalization of approximately $915.81 billion, a P/E ratio of 25.08, and a P/E/G ratio of 0.66. The stock's 50-day simple moving average stands at $195.68, while the 200-day moving average is at $191.89. Over the last year, the stock has fluctuated between a low of $125.78 and a high of $226.40. Taiwan Semiconductor Manufacturing's current debt-to-equity ratio is 0.24, with a current ratio of 2.57 and a quick ratio of 2.30.

Dividend Increase Announcement

Recently, Taiwan Semiconductor Manufacturing also announced a quarterly dividend. The dividend will be distributed on Thursday, July 10th, with a record date of June 12th. Shareholders will receive $0.6855 per share, an increase from the previous quarterly dividend of $0.55. This translates to an annualized dividend of $2.74 and offers a yield of 1.55%, with a payout ratio currently at 30.68%.

Company Overview

Taiwan Semiconductor Manufacturing Company Limited is a leading manufacturer of various semiconductor devices and integrated circuits, serving global markets including Taiwan, China, Europe, and the United States. They specialize in a range of wafer fabrication processes, which include manufacturing complementary metal-oxide-semiconductor (CMOS) logic, mixed signals, and embedded memory, among others.

investments, semiconductors, holdings