Avalon Capital Management Boosts Stock Holdings in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Avalon Capital Management boosted its stake in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 37.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 3,224 shares of the semiconductor company’s stock after buying an additional 873 shares during the quarter. Avalon Capital Management’s holdings in Taiwan Semiconductor Manufacturing were worth $637,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. AMF Tjanstepension AB boosted its position in Taiwan Semiconductor Manufacturing by 4.8% during the third quarter. AMF Tjanstepension AB now owns 1,533,207 shares of the semiconductor company’s stock worth $266,300,000 after acquiring an additional 70,057 shares during the last quarter. J.W. Cole Advisors Inc. lifted its position in shares of Taiwan Semiconductor Manufacturing by 14.1% during the third quarter. J.W. Cole Advisors Inc. now owns 7,858 shares of the semiconductor company’s stock worth $1,365,000 after purchasing an additional 969 shares in the last quarter. KP Management LLC lifted its holdings in Taiwan Semiconductor Manufacturing by 25.0% during the 3rd quarter. KP Management LLC now owns 37,500 shares of the semiconductor company’s stock worth $6,513,000 after buying an additional 7,500 shares during the last quarter. Inscription Capital LLC acquired a new stake in shares of Taiwan Semiconductor Manufacturing during the third quarter worth $351,000. Finally, Concord Wealth Partners boosted its position in Taiwan Semiconductor Manufacturing by 103.7% during the 3rd quarter. Concord Wealth Partners now owns 717 shares of the semiconductor company’s stock valued at $125,000 after purchasing an additional 365 shares during the period. 16.51% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

TSM has been the topic of a number of recent analyst reports. 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 research note on Friday, January 17th. StockNews.com lowered shares of Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a research note on Tuesday, January 28th. Finally, Needham & Company LLC reissued a “buy” rating and set a $225.00 price target on shares of Taiwan Semiconductor Manufacturing in a research report on Tuesday, February 18th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $220.00.

Taiwan Semiconductor Manufacturing Price Performance

TSM opened at $191.54 on Tuesday. The stock has a market capitalization of $993.38 billion, a P/E ratio of 27.21, a price-to-earnings-growth ratio of 0.66 and a beta of 1.06. Taiwan Semiconductor Manufacturing Company Limited has a one year low of $125.78 and a one year 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’s 50 day simple moving average is $205.59 and its 200-day simple moving average is $191.26.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last announced its quarterly earnings data 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%. Sell-side analysts anticipate 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 disclosed 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 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 yield of 1.43%. Taiwan Semiconductor Manufacturing’s dividend payout ratio is currently 31.11%.

Taiwan Semiconductor Manufacturing Company 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.