Goodman Advisory Group LLC Increases Stake in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Goodman Advisory Group LLC grew its holdings in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM - Free Report) by 15.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 31,830 shares of the semiconductor company's stock after purchasing an additional 4,336 shares during the quarter. Taiwan Semiconductor Manufacturing makes up about 1.9% of Goodman Advisory Group LLC's portfolio, making the stock its 17th biggest holding. Goodman Advisory Group LLC's holdings in Taiwan Semiconductor Manufacturing were worth $6,286,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Morse Asset Management Inc lifted its holdings in Taiwan Semiconductor Manufacturing by 120.7% during the 3rd quarter. Morse Asset Management Inc now owns 17,703 shares of the semiconductor company's stock worth $3,074,000 after buying an additional 9,683 shares during the last quarter. M&T Bank Corp boosted its holdings in Taiwan Semiconductor Manufacturing by 12.4% in the third quarter. M&T Bank Corp now owns 241,714 shares of the semiconductor company's stock valued at $41,979,000 after purchasing an additional 26,715 shares in the last quarter. Advisory Resource Group increased its stake in Taiwan Semiconductor Manufacturing by 1.4% in the third quarter. Advisory Resource Group now owns 7,984 shares of the semiconductor company's stock valued at $1,387,000 after purchasing an additional 107 shares during the last quarter. Virtu Financial LLC raised its holdings in Taiwan Semiconductor Manufacturing by 242.1% during the third quarter. Virtu Financial LLC now owns 28,669 shares of the semiconductor company's stock worth $4,979,000 after purchasing an additional 20,289 shares in the last quarter. Finally, Chelsea Counsel Co. boosted its holdings in shares of Taiwan Semiconductor Manufacturing by 25.0% in the 3rd quarter. Chelsea Counsel Co. now owns 500 shares of the semiconductor company's stock valued at $87,000 after buying an additional 100 shares in the last quarter. 16.51% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages recently weighed in on TSM. StockNews.com cut shares of Taiwan Semiconductor Manufacturing from a "buy" rating to a "hold" rating in a research report on Tuesday, January 28th. Needham & Company LLC reissued a "buy" rating and issued a $225.00 target price on shares of Taiwan Semiconductor Manufacturing in a report on Thursday. Barclays raised their price target on Taiwan Semiconductor Manufacturing from $240.00 to $255.00 and gave the stock an "overweight" rating in a research note on Friday, January 17th. Finally, Susquehanna decreased their price objective on Taiwan Semiconductor Manufacturing from $265.00 to $250.00 and set a "positive" rating for the company in a report on Thursday. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $220.00.

Taiwan Semiconductor Manufacturing Price Performance

Shares of TSM stock opened at $151.86 on Friday. Taiwan Semiconductor Manufacturing Company Limited has a twelve month low of $125.78 and a twelve month high of $226.40. The company has a market capitalization of $787.61 billion, a PE ratio of 21.57, a price-to-earnings-growth ratio of 0.66 and a beta of 1.16. 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 firm has a fifty day simple moving average of $174.87 and a 200-day simple moving average of $190.12.

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

Taiwan Semiconductor Manufacturing Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 10th. Investors of record on Thursday, June 12th will be issued a $0.6855 dividend. This represents a $2.74 dividend on an annualized basis and a dividend yield of 1.81%. The ex-dividend date of this dividend is Thursday, June 12th. This is a boost from Taiwan Semiconductor Manufacturing's previous quarterly dividend of $0.55. Taiwan Semiconductor Manufacturing's dividend payout ratio (DPR) is 30.68%.

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.

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