TKG Advisors LLC Has $2.36 Million Stock Holdings in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

TKG Advisors LLC lifted its position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 46.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 11,929 shares of the semiconductor company’s stock after buying an additional 3,772 shares during the quarter. Taiwan Semiconductor Manufacturing comprises approximately 1.1% of TKG Advisors LLC’s holdings, making the stock its 28th largest position. TKG Advisors LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $2,356,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the company. AMF Tjanstepension AB lifted its position in shares of Taiwan Semiconductor Manufacturing by 4.8% during the 3rd quarter. AMF Tjanstepension AB now owns 1,533,207 shares of the semiconductor company’s stock worth $266,300,000 after purchasing an additional 70,057 shares during the last quarter. Whittier Trust Co. boosted its position in shares of Taiwan Semiconductor Manufacturing by 6.0% in the third quarter. Whittier Trust Co. now owns 42,443 shares of the semiconductor company’s stock valued at $7,371,000 after acquiring an additional 2,406 shares during the period. Winch Advisory Services LLC grew its stake in shares of Taiwan Semiconductor Manufacturing by 5.2% in the third quarter. Winch Advisory Services LLC now owns 1,281 shares of the semiconductor company’s stock worth $222,000 after acquiring an additional 63 shares during the last quarter. Foundations Investment Advisors LLC increased its position in Taiwan Semiconductor Manufacturing by 6.4% during the third quarter. Foundations Investment Advisors LLC now owns 23,054 shares of the semiconductor company’s stock worth $4,004,000 after acquiring an additional 1,389 shares during the period. Finally, Defender Capital LLC. raised its stake in Taiwan Semiconductor Manufacturing by 3.7% during the 3rd quarter. Defender Capital LLC. now owns 1,565 shares of the semiconductor company’s stock valued at $272,000 after purchasing an additional 56 shares during the last quarter. 16.51% of the stock is owned by institutional investors.

Taiwan Semiconductor Manufacturing Price Performance

Shares of TSM stock opened at $202.49 on Wednesday. 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 stock’s fifty day simple moving average is $205.56 and its 200 day simple moving average is $190.07. Taiwan Semiconductor Manufacturing Company Limited has a one year low of $122.91 and a one year high of $226.40. The firm has a market cap of $1.05 trillion, a price-to-earnings ratio of 28.76, a P/E/G ratio of 0.67 and a beta of 1.06.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last posted its earnings results on Thursday, January 16th. The semiconductor company reported $2.24 earnings per share 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%. On average, analysts expect that Taiwan Semiconductor Manufacturing Company Limited will post 9.2 earnings per share for the current fiscal year.

Taiwan Semiconductor Manufacturing Increases Dividend

The firm 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 dividend on an annualized basis and a yield of 1.35%. Taiwan Semiconductor Manufacturing’s dividend payout ratio is 27.27%.

Analysts Set New Price Targets

A number of research analysts have recently commented on the stock. Barclays upped their price objective on shares of Taiwan Semiconductor Manufacturing from $240.00 to $255.00 and gave the company an “overweight” rating in a research report on Friday, January 17th. StockNews.com lowered Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a report on Tuesday, January 28th. Finally, Needham & Company LLC restated a “buy” rating and issued a $225.00 target price on shares of Taiwan Semiconductor Manufacturing in a research note on Tuesday. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $220.00.

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.