Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) Shares Acquired by Great Diamond Partners LLC

Great Diamond Partners LLC raised its stake in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 11.7% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 7,575 shares of the semiconductor company’s stock after buying an additional 794 shares during the quarter. Great Diamond Partners LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $1,496,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Caprock Group LLC increased its holdings in shares of Taiwan Semiconductor Manufacturing by 4.6% in the 4th quarter. Caprock Group LLC now owns 65,531 shares of the semiconductor company’s stock worth $12,982,000 after acquiring an additional 2,855 shares during the period. New Wave Wealth Advisors LLC increased its stake in shares of Taiwan Semiconductor Manufacturing by 109.6% in the fourth quarter. New Wave Wealth Advisors LLC now owns 4,050 shares of the semiconductor company’s stock valued at $800,000 after purchasing an additional 2,118 shares during the period. TCI Wealth Advisors Inc. raised its holdings in shares of Taiwan Semiconductor Manufacturing by 8.0% during the fourth quarter. TCI Wealth Advisors Inc. now owns 1,361 shares of the semiconductor company’s stock valued at $269,000 after buying an additional 101 shares during the last quarter. Alta Wealth Advisors LLC boosted its position in shares of Taiwan Semiconductor Manufacturing by 20.6% during the fourth quarter. Alta Wealth Advisors LLC now owns 1,695 shares of the semiconductor company’s stock worth $335,000 after buying an additional 289 shares during the period. Finally, Keudell Morrison Wealth Management bought a new position in Taiwan Semiconductor Manufacturing in the 4th quarter worth approximately $219,000. 16.51% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several analysts have weighed in on TSM shares. StockNews.com downgraded Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a research note on Tuesday. Susquehanna reissued a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a report on Friday, October 18th. Needham & Company LLC reiterated a “buy” rating and issued a $225.00 target price on shares of Taiwan Semiconductor Manufacturing in a research report on Thursday, January 16th. Finally, Barclays boosted their price target on shares of Taiwan Semiconductor Manufacturing from $240.00 to $255.00 and gave the stock an “overweight” rating in a research report on Friday, January 17th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $220.00.

Taiwan Semiconductor Manufacturing Trading Up 0.5 %

Shares of Taiwan Semiconductor Manufacturing stock opened at $209.28 on Friday. The business has a fifty day simple moving average of $202.06 and a 200-day simple moving average of $186.16. The firm has a market cap of $1.09 trillion, a price-to-earnings ratio of 29.73, a price-to-earnings-growth ratio of 0.67 and a beta of 1.07. Taiwan Semiconductor Manufacturing Company Limited has a fifty-two week low of $112.61 and a fifty-two week high of $226.40. The company has a quick ratio of 2.30, a current ratio of 2.57 and a debt-to-equity ratio of 0.24.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last posted its quarterly earnings data on Thursday, January 16th. The semiconductor company reported $2.24 earnings per share for the quarter, beating the consensus estimate 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 forecast that Taiwan Semiconductor Manufacturing Company Limited will post 9.12 EPS for the current fiscal year.

Taiwan Semiconductor Manufacturing Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 10th. Shareholders of record on Tuesday, March 18th will be given a $0.5484 dividend. 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. This represents a $2.19 annualized dividend and a yield of 1.05%. Taiwan Semiconductor Manufacturing’s payout ratio is 27.27%.

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.