New Age Alpha Advisors LLC raised its position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM - Free Report) by 77.8% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 191,200 shares of the semiconductor company's stock after buying an additional 83,635 shares during the quarter. Taiwan Semiconductor Manufacturing comprises about 1.5% of New Age Alpha Advisors LLC's holdings, making the stock its 5th largest position. New Age Alpha Advisors LLC's holdings in Taiwan Semiconductor Manufacturing were worth $37,760,000 at the end of the most recent reporting period.
Other hedge funds also recently made changes to their positions in the company. Stonebridge Financial Group LLC purchased a new position in Taiwan Semiconductor Manufacturing in the fourth quarter worth $25,000. IMG Wealth Management Inc. purchased a new position in shares of Taiwan Semiconductor Manufacturing in the 4th quarter valued at about $26,000. Hopwood Financial Services Inc. acquired a new stake in shares of Taiwan Semiconductor Manufacturing in the fourth quarter valued at about $27,000. Roxbury Financial LLC purchased a new stake in Taiwan Semiconductor Manufacturing during the fourth quarter worth about $29,000. Finally, CoreFirst Bank & Trust acquired a new position in Taiwan Semiconductor Manufacturing during the fourth quarter worth about $39,000. Institutional investors and hedge funds own 16.51% of the company's stock.
Wall Street Analyst Weigh In
Several brokerages have recently commented on TSM. Barclays boosted 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. Needham & Company LLC reiterated a "buy" rating and set a $225.00 target price on shares of Taiwan Semiconductor Manufacturing in a research report on Tuesday, February 18th. Finally, StockNews.com cut Taiwan Semiconductor Manufacturing from a "buy" rating to a "hold" rating in a research 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. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $220.00.
Check Out Our Latest Stock Analysis on Taiwan Semiconductor Manufacturing
Taiwan Semiconductor Manufacturing Price Performance
Taiwan Semiconductor Manufacturing stock traded down $2.42 during mid-day trading on Friday, hitting $165.82. 16,312,453 shares of the company were exchanged, compared to its average volume of 15,291,333. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.57 and a quick ratio of 2.30. 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 simple moving average is $192.35 and its two-hundred day simple moving average is $192.55. The company has a market capitalization of $860.00 billion, a P/E ratio of 23.55, a PEG ratio of 0.66 and a beta of 1.13.
Taiwan Semiconductor Manufacturing (NYSE:TSM - Get Free Report) last released its earnings results on Thursday, January 16th. The semiconductor company reported $2.24 earnings per share (EPS) for the quarter, beating 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%. Analysts forecast 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 announced a quarterly dividend, which will be paid on Thursday, July 10th. Shareholders of record on Thursday, June 12th will be paid a $0.6855 dividend. This is a boost from Taiwan Semiconductor Manufacturing's previous quarterly dividend of $0.55. This represents a $2.74 annualized dividend and a yield of 1.65%. The ex-dividend date of this dividend is Thursday, June 12th. Taiwan Semiconductor Manufacturing's payout ratio is presently 30.68%.
About Taiwan Semiconductor Manufacturing
(
Free Report)
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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