Andar Capital Management HK Ltd Has $6.40 Million Stock Holdings in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Andar Capital Management HK Ltd raised its position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM - Free Report) by 90.6% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 32,400 shares of the semiconductor company's stock after purchasing an additional 15,400 shares during the period. Taiwan Semiconductor Manufacturing accounts for approximately 8.3% of Andar Capital Management HK Ltd's portfolio, making the stock its 5th largest position. Andar Capital Management HK Ltd's holdings in Taiwan Semiconductor Manufacturing were worth $6,399,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Victory Capital Management Inc. lifted its position in shares of Taiwan Semiconductor Manufacturing by 116.0% during the 3rd quarter. Victory Capital Management Inc. now owns 104,657 shares of the semiconductor company's stock valued at $18,176,000 after acquiring an additional 56,211 shares during the period. Empowered Funds LLC lifted its position in shares of Taiwan Semiconductor Manufacturing by 13.3% during the 3rd quarter. Empowered Funds LLC now owns 20,073 shares of the semiconductor company's stock valued at $3,486,000 after acquiring an additional 2,360 shares during the period. Claro Advisors LLC lifted its position in shares of Taiwan Semiconductor Manufacturing by 21.9% during the 3rd quarter. Claro Advisors LLC now owns 2,865 shares of the semiconductor company's stock valued at $498,000 after acquiring an additional 514 shares during the period. Meeder Advisory Services Inc. lifted its position in shares of Taiwan Semiconductor Manufacturing by 22.6% during the 3rd quarter. Meeder Advisory Services Inc. now owns 3,981 shares of the semiconductor company's stock valued at $691,000 after acquiring an additional 734 shares during the period. Finally, Caprock Group LLC lifted its position in shares of Taiwan Semiconductor Manufacturing by 1.7% during the 3rd quarter. Caprock Group LLC now owns 62,676 shares of the semiconductor company's stock valued at $10,925,000 after acquiring an additional 1,027 shares during the period. Institutional investors and hedge funds own 16.51% of the company's stock.

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Analyst Ratings Changes

A number of research analysts recently issued reports on TSM shares. StockNews.com downgraded shares of Taiwan Semiconductor Manufacturing from a "buy" rating to a "hold" rating in a research report on Tuesday, January 28th. 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, Barclays upped their price objective on shares of Taiwan Semiconductor Manufacturing from $240.00 to $255.00 and gave the stock an "overweight" rating in a report on Friday, January 17th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $220.00.

Taiwan Semiconductor Manufacturing Stock Down 0.5 %

Shares of NYSE TSM traded down $0.89 during trading on Friday, hitting $176.58. The stock had a trading volume of 9,972,839 shares, compared to its average volume of 15,033,619. Taiwan Semiconductor Manufacturing Company Limited has a 12 month low of $125.78 and a 12 month high of $226.40. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.57 and a quick ratio of 2.30. The company has a market capitalization of $915.81 billion, a PE ratio of 25.08, a PEG ratio of 0.66 and a beta of 1.13. The firm has a fifty day moving average of $195.68 and a two-hundred day moving average of $191.89.

Taiwan Semiconductor Manufacturing (NYSE:TSM - Get Free Report) last posted its earnings results on Thursday, January 16th. The semiconductor company reported $2.24 earnings per share (EPS) for the quarter, topping the consensus estimate 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, equities 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 announced a quarterly dividend, which will be paid on Thursday, July 10th. Stockholders of record on Thursday, June 12th will be paid a $0.6855 dividend. This is a positive change from Taiwan Semiconductor Manufacturing's previous quarterly dividend of $0.55. The ex-dividend date of this dividend is Thursday, June 12th. This represents a $2.74 annualized dividend and a dividend yield of 1.55%. Taiwan Semiconductor Manufacturing's dividend payout ratio is presently 30.68%.

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.