Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) Shares Purchased by Hoey Investments Inc.

Hoey Investments Inc. raised its holdings in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 328.8% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 1,758 shares of the semiconductor company’s stock after acquiring an additional 1,348 shares during the period. Hoey Investments Inc.’s holdings in Taiwan Semiconductor Manufacturing were worth $347,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the business. Stonebridge Financial Group LLC purchased a new position in Taiwan Semiconductor Manufacturing during the fourth quarter worth about $25,000. IMG Wealth Management Inc. purchased a new position in shares of Taiwan Semiconductor Manufacturing during the 4th quarter worth about $26,000. Hopwood Financial Services Inc. acquired a new stake in shares of Taiwan Semiconductor Manufacturing in the fourth quarter worth approximately $27,000. Roxbury Financial LLC purchased a new stake in Taiwan Semiconductor Manufacturing in the fourth quarter valued at approximately $29,000. Finally, CoreFirst Bank & Trust acquired a new position in Taiwan Semiconductor Manufacturing during the fourth quarter worth approximately $39,000. Institutional investors and hedge funds own 16.51% of the company’s stock.

Taiwan Semiconductor Manufacturing Trading Down 1.4 %

NYSE:TSM opened at $165.82 on Monday. Taiwan Semiconductor Manufacturing Company Limited has a one year low of $125.78 and a one year high of $226.40. The business’s 50-day simple moving average is $192.35 and its 200 day simple moving average is $192.71. The company has a debt-to-equity ratio of 0.24, a quick ratio of 2.30 and a current ratio of 2.57. The stock has a market cap of $860.00 billion, a price-to-earnings ratio of 23.55, a price-to-earnings-growth ratio of 0.66 and a beta of 1.13.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last released its earnings results on Thursday, January 16th. The semiconductor company reported $2.24 EPS 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%. As a group, sell-side analysts predict that Taiwan Semiconductor Manufacturing Company Limited will post 9.2 earnings per share 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 given a $0.6855 dividend. The ex-dividend date of this dividend is Thursday, June 12th. This represents a $2.74 annualized dividend and a dividend yield of 1.65%. This is an increase from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.55. Taiwan Semiconductor Manufacturing’s payout ratio is presently 30.68%.

Analyst Ratings Changes

Several analysts have recently issued reports on TSM shares. StockNews.com cut shares of Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a research note on Tuesday, January 28th. Needham & Company LLC restated a “buy” rating and set a $225.00 price target on shares of Taiwan Semiconductor Manufacturing in a research note on Tuesday, February 18th. Finally, Barclays lifted their price objective on Taiwan Semiconductor Manufacturing from $240.00 to $255.00 and gave the company an “overweight” rating in a research note 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. According to data from MarketBeat.com, Taiwan Semiconductor Manufacturing presently has a consensus rating of “Moderate Buy” and an average target price of $220.00.

About Taiwan Semiconductor Manufacturing

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.