5,669 Shares in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) Purchased by May Hill Capital LLC

May Hill Capital LLC acquired a new stake in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 5,669 shares of the semiconductor company's stock, valued at approximately $1,119,000.

A number of other hedge funds have also recently bought and sold shares of the company. Boston Family Office LLC boosted its holdings in shares of Taiwan Semiconductor Manufacturing by 13.4% during the fourth quarter. Boston Family Office LLC now owns 3,855 shares of the semiconductor company's stock worth $761,000 after purchasing an additional 456 shares during the last quarter. Nemes Rush Group LLC lifted its position in Taiwan Semiconductor Manufacturing by 1,810.0% during the fourth quarter. Nemes Rush Group LLC now owns 191 shares of the semiconductor company's stock worth $38,000 after buying an additional 181 shares during the period. Gibson Capital LLC acquired a new stake in Taiwan Semiconductor Manufacturing in the 4th quarter worth about $220,000. Roundview Capital LLC grew its holdings in Taiwan Semiconductor Manufacturing by 2.8% in the 4th quarter. Roundview Capital LLC now owns 72,472 shares of the semiconductor company's stock valued at $14,312,000 after buying an additional 1,967 shares during the period. Finally, HighPoint Advisor Group LLC increased its stake in shares of Taiwan Semiconductor Manufacturing by 4.9% during the 4th quarter. HighPoint Advisor Group LLC now owns 19,273 shares of the semiconductor company's stock valued at $4,023,000 after acquiring an additional 905 shares during the last quarter. Institutional investors and hedge funds own 16.51% of the company's stock.

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Taiwan Semiconductor Manufacturing Trading Up 1.5 %

TSM traded up $2.46 during trading on Tuesday, hitting $168.46. 9,155,553 shares of the company's stock were exchanged, compared to its average volume of 15,287,641. The stock has a 50 day moving average price of $190.44 and a 200 day moving average price of $192.64. Taiwan Semiconductor Manufacturing Company Limited has a 1 year low of $125.78 and a 1 year high of $226.40. 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 market cap of $873.72 billion, a P/E ratio of 23.93, a price-to-earnings-growth ratio of 0.66 and a beta of 1.13.

Taiwan Semiconductor Manufacturing (NYSE:TSM - Get Free Report) last announced its quarterly earnings results on Thursday, January 16th. The semiconductor company reported $2.24 earnings per share 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, analysts expect 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 declared a quarterly dividend, which will be paid on Thursday, July 10th. Investors of record on Thursday, June 12th will be given a dividend of $0.6855 per share. The ex-dividend date is Thursday, June 12th. This is a positive change from Taiwan Semiconductor Manufacturing's previous quarterly dividend of $0.55. This represents a $2.74 annualized dividend and a yield of 1.63%. Taiwan Semiconductor Manufacturing's payout ratio is 30.68%.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on TSM shares. Barclays boosted their target price on shares of Taiwan Semiconductor Manufacturing from $240.00 to $255.00 and gave the company an "overweight" rating in a report on Friday, January 17th. Needham & Company LLC reissued a "buy" rating and set a $225.00 price objective on shares of Taiwan Semiconductor Manufacturing in a research note on Tuesday, February 18th. Finally, StockNews.com lowered Taiwan Semiconductor Manufacturing from a "buy" rating to a "hold" rating in a research report on Tuesday, January 28th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $220.00.

Taiwan Semiconductor Manufacturing 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.