KLP Kapitalforvaltning AS Makes New $1.03 Million Investment in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

KLP Kapitalforvaltning AS bought a new position in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM - Free Report) during the fourth quarter, according to its most recent filing with the SEC. The fund bought 5,200 shares of the semiconductor company's stock, valued at approximately $1,029,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in TSM. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Taiwan Semiconductor Manufacturing by 211.4% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 46,005 shares of the semiconductor company's stock worth $7,990,000 after purchasing an additional 31,231 shares during the period. Fiduciary Trust Co increased its position in Taiwan Semiconductor Manufacturing by 63.9% in the third quarter. Fiduciary Trust Co now owns 4,157 shares of the semiconductor company's stock worth $722,000 after buying an additional 1,621 shares during the last quarter. Tradition Wealth Management LLC raised its stake in shares of Taiwan Semiconductor Manufacturing by 63.6% in the third quarter. Tradition Wealth Management LLC now owns 3,553 shares of the semiconductor company's stock valued at $617,000 after buying an additional 1,381 shares during the period. Semmax Financial Advisors Inc. lifted its position in shares of Taiwan Semiconductor Manufacturing by 11.5% during the 3rd quarter. Semmax Financial Advisors Inc. now owns 23,165 shares of the semiconductor company's stock valued at $4,442,000 after buying an additional 2,383 shares during the last quarter. Finally, Timber Creek Capital Management LLC grew its stake in shares of Taiwan Semiconductor Manufacturing by 0.7% during the 3rd quarter. Timber Creek Capital Management LLC now owns 58,804 shares of the semiconductor company's stock worth $10,212,000 after acquiring an additional 416 shares during the period. 16.51% of the stock is owned by hedge funds and other institutional investors.

Remove Ads

Taiwan Semiconductor Manufacturing Price Performance

Shares of NYSE TSM traded up $2.46 during midday trading on Tuesday, hitting $168.46. 9,150,398 shares of the company's stock were exchanged, compared to its average volume of 15,283,320. The company has a current ratio of 2.57, a quick ratio of 2.30 and a debt-to-equity ratio of 0.24. The business's fifty day moving average price is $191.44 and its two-hundred day moving average price is $192.67. The company has a market cap of $873.72 billion, a price-to-earnings ratio of 23.93, a PEG ratio of 0.66 and a beta of 1.13. Taiwan Semiconductor Manufacturing Company Limited has a 12-month low of $125.78 and a 12-month high of $226.40.

Taiwan Semiconductor Manufacturing (NYSE:TSM - Get Free Report) last released its quarterly earnings results on Thursday, January 16th. The semiconductor company reported $2.24 EPS for the quarter, topping analysts' consensus estimates of $2.16 by $0.08. Taiwan Semiconductor Manufacturing had a net margin of 40.51% and a return on equity of 30.47%. As a group, research analysts forecast that Taiwan Semiconductor Manufacturing Company Limited will post 9.2 EPS for the current fiscal year.

Taiwan Semiconductor Manufacturing Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 10th. Shareholders of record on Thursday, June 12th will be given a dividend of $0.6855 per share. This is an increase 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 yield of 1.63%. Taiwan Semiconductor Manufacturing's dividend payout ratio (DPR) is presently 30.68%.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. Needham & Company LLC reissued a "buy" rating and set a $225.00 target price on shares of Taiwan Semiconductor Manufacturing in a report on Tuesday, February 18th. Barclays raised their price objective on shares of Taiwan Semiconductor Manufacturing from $240.00 to $255.00 and gave the company an "overweight" rating in a research report on Friday, January 17th. Finally, StockNews.com lowered shares of Taiwan Semiconductor Manufacturing from a "buy" rating to a "hold" rating in a report on Tuesday, January 28th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target 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.