New Century Financial Group LLC Boosts Stake in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

New Century Financial Group LLC increased its position in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 188.0% during the 4th quarter, HoldingsChannel reports. The fund owned 8,057 shares of the semiconductor company’s stock after acquiring an additional 5,259 shares during the quarter. Taiwan Semiconductor Manufacturing comprises approximately 0.7% of New Century Financial Group LLC’s portfolio, making the stock its 29th biggest holding. New Century Financial Group LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $1,681,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the company. ProShare Advisors LLC lifted its position in Taiwan Semiconductor Manufacturing by 25.2% in the second quarter. ProShare Advisors LLC now owns 1,935 shares of the semiconductor company’s stock valued at $336,000 after buying an additional 390 shares during the last quarter. Xponance Inc. raised its stake in shares of Taiwan Semiconductor Manufacturing by 12.3% in the 2nd quarter. Xponance Inc. now owns 5,209 shares of the semiconductor company’s stock valued at $905,000 after acquiring an additional 572 shares during the period. Abich Financial Wealth Management LLC lifted its holdings in shares of Taiwan Semiconductor Manufacturing by 108.0% in the 2nd quarter. Abich Financial Wealth Management LLC now owns 208 shares of the semiconductor company’s stock worth $36,000 after acquiring an additional 108 shares during the last quarter. Armistice Capital LLC boosted its position in shares of Taiwan Semiconductor Manufacturing by 7.1% during the 2nd quarter. Armistice Capital LLC now owns 60,000 shares of the semiconductor company’s stock worth $10,429,000 after purchasing an additional 4,000 shares during the period. Finally, Ameriprise Financial Inc. increased its holdings in Taiwan Semiconductor Manufacturing by 3.6% in the 2nd quarter. Ameriprise Financial Inc. now owns 3,647,985 shares of the semiconductor company’s stock valued at $634,838,000 after purchasing an additional 125,204 shares during the last quarter. Hedge funds and other institutional investors own 16.51% of the company’s stock.

Taiwan Semiconductor Manufacturing Trading Up 0.5 %

Shares of NYSE:TSM opened at $224.36 on Friday. Taiwan Semiconductor Manufacturing Company Limited has a 52 week low of $112.61 and a 52 week high of $225.43. The company’s 50 day moving average is $199.64 and its two-hundred day moving average is $185.24. The company has a market cap of $1.16 trillion, a PE ratio of 31.87, a P/E/G ratio of 0.74 and a beta of 1.07. The company has a current ratio of 2.57, a quick ratio of 2.30 and a debt-to-equity ratio of 0.24.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last posted its earnings results on Thursday, January 16th. The semiconductor company reported $2.24 EPS for the quarter, beating the consensus estimate 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 analysts predict that Taiwan Semiconductor Manufacturing Company Limited will post 9.12 earnings per share for the current fiscal year.

Taiwan Semiconductor Manufacturing Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 10th. Investors of record on Tuesday, March 18th will be paid a dividend of $0.5484 per share. This is a boost from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. The ex-dividend date is Tuesday, March 18th. This represents a $2.19 annualized dividend and a yield of 0.98%. Taiwan Semiconductor Manufacturing’s payout ratio is presently 27.27%.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on TSM shares. Needham & Company LLC reiterated a “buy” rating and set a $225.00 price target on shares of Taiwan Semiconductor Manufacturing in a research note on Thursday, January 16th. Barclays lifted their price objective 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. Susquehanna reiterated a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a report on Friday, October 18th. Finally, StockNews.com upgraded shares of Taiwan Semiconductor Manufacturing from a “hold” rating to a “buy” rating in a research note on Monday. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus 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.