K.J. Harrison & Partners Inc Boosts Stake in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

K.J. Harrison & Partners Inc boosted its stake in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 37.5% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 11,000 shares of the semiconductor company’s stock after buying an additional 3,000 shares during the quarter. K.J. Harrison & Partners Inc’s holdings in Taiwan Semiconductor Manufacturing were worth $2,217,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. AMF Tjanstepension AB lifted its holdings in shares of Taiwan Semiconductor Manufacturing by 4.8% in the third quarter. AMF Tjanstepension AB now owns 1,533,207 shares of the semiconductor company’s stock worth $266,300,000 after buying an additional 70,057 shares in the last quarter. Nisa Investment Advisors LLC lifted its stake in Taiwan Semiconductor Manufacturing by 5.8% in the 3rd quarter. Nisa Investment Advisors LLC now owns 1,817 shares of the semiconductor company’s stock worth $317,000 after purchasing an additional 100 shares in the last quarter. Orrstown Financial Services Inc. purchased a new stake in Taiwan Semiconductor Manufacturing in the 3rd quarter worth approximately $213,000. abrdn plc boosted its holdings in Taiwan Semiconductor Manufacturing by 11.9% in the 3rd quarter. abrdn plc now owns 239,742 shares of the semiconductor company’s stock valued at $41,589,000 after purchasing an additional 25,576 shares during the period. Finally, Traynor Capital Management Inc. grew its position in shares of Taiwan Semiconductor Manufacturing by 11.5% during the 3rd quarter. Traynor Capital Management Inc. now owns 1,514 shares of the semiconductor company’s stock valued at $263,000 after purchasing an additional 156 shares in the last quarter. Hedge funds and other institutional investors own 16.51% of the company’s stock.

Taiwan Semiconductor Manufacturing Price Performance

Shares of Taiwan Semiconductor Manufacturing stock opened at $194.70 on Thursday. The firm has a market capitalization of $1.01 trillion, a PE ratio of 27.66, a price-to-earnings-growth ratio of 0.66 and a beta of 1.06. The company has a current ratio of 2.57, a quick ratio of 2.30 and a debt-to-equity ratio of 0.24. Taiwan Semiconductor Manufacturing Company Limited has a 12 month low of $125.78 and a 12 month high of $226.40. The business’s 50-day moving average price is $205.35 and its 200-day moving average price is $191.44.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last issued its earnings results 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 return on equity of 30.47% and a net margin of 40.51%. Sell-side analysts forecast that Taiwan Semiconductor Manufacturing Company Limited will post 9.2 EPS for the current fiscal year.

Taiwan Semiconductor Manufacturing Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 10th. Stockholders of record on Thursday, June 12th will be paid a dividend of $0.6855 per share. This is a positive change from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.55. The ex-dividend date is Thursday, June 12th. This represents a $2.74 dividend on an annualized basis and a dividend yield of 1.41%. Taiwan Semiconductor Manufacturing’s payout ratio is presently 31.11%.

Analyst Ratings Changes

A number of brokerages recently issued reports on TSM. StockNews.com downgraded Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a research report on Tuesday, January 28th. Needham & Company LLC reaffirmed a “buy” rating and issued a $225.00 price target on shares of Taiwan Semiconductor Manufacturing in a report on Tuesday, February 18th. Finally, Barclays boosted their price objective on Taiwan Semiconductor Manufacturing from $240.00 to $255.00 and gave the stock an “overweight” rating in a 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. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $220.00.

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.