TruNorth Capital Management LLC Buys 800 Shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

TruNorth Capital Management LLC lifted its position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 4,210.5% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 819 shares of the semiconductor company’s stock after purchasing an additional 800 shares during the period. TruNorth Capital Management LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $162,000 at the end of the most recent quarter.

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

Analyst Ratings Changes

TSM has been the subject of a number of recent research reports. Barclays boosted their price objective on shares of 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 reissued a “buy” rating and issued a $225.00 price target 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 note 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 MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $220.00.

Taiwan Semiconductor Manufacturing Price Performance

NYSE TSM opened at $191.54 on Tuesday. The firm’s fifty day simple moving average is $205.59 and its two-hundred day simple moving average is $191.26. The firm has a market capitalization of $993.38 billion, a P/E ratio of 27.21, a P/E/G ratio of 0.66 and a beta of 1.06. 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 Company Limited has a 12-month low of $125.78 and a 12-month high of $226.40.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last announced 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 return on equity of 30.47% and a net margin of 40.51%. Analysts forecast that Taiwan Semiconductor Manufacturing Company Limited will post 9.2 EPS for the current fiscal year.

Taiwan Semiconductor Manufacturing Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 10th. Investors of record on Thursday, June 12th will be given a $0.6855 dividend. This is a positive change from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.55. This represents a $2.74 annualized dividend and a dividend yield of 1.43%. The ex-dividend date is Thursday, June 12th. Taiwan Semiconductor Manufacturing’s dividend payout ratio (DPR) is presently 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.