NCP Inc. grew its holdings in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM – Free Report) by 93.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,550 shares of the semiconductor company’s stock after buying an additional 750 shares during the quarter. NCP Inc.’s holdings in Taiwan Semiconductor Manufacturing were worth $306,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Reston Wealth Management LLC bought a new stake in Taiwan Semiconductor Manufacturing during the 3rd quarter worth approximately $25,000. Stonebridge Financial Group LLC bought a new stake in Taiwan Semiconductor Manufacturing during the fourth quarter worth $25,000. Roxbury Financial LLC purchased a new stake in Taiwan Semiconductor Manufacturing in the 4th quarter valued at $29,000. Archer Investment Corp boosted its holdings in Taiwan Semiconductor Manufacturing by 48.1% during the 3rd quarter. Archer Investment Corp now owns 191 shares of the semiconductor company’s stock worth $33,000 after acquiring an additional 62 shares during the last quarter. Finally, American Capital Advisory LLC bought a new stake in shares of Taiwan Semiconductor Manufacturing in the 3rd quarter worth $38,000. 16.51% of the stock is owned by institutional investors.
Analyst Upgrades and Downgrades
Several research analysts recently weighed in on TSM shares. StockNews.com cut shares of Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a report on Tuesday, January 28th. Barclays upped their target price on Taiwan Semiconductor Manufacturing from $240.00 to $255.00 and gave the company an “overweight” rating in a report on Friday, January 17th. Finally, Needham & Company LLC reaffirmed 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 equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $220.00.
Taiwan Semiconductor Manufacturing Trading Down 1.2 %
Shares of TSM stock opened at $189.36 on Wednesday. The company has a quick ratio of 2.30, a current ratio of 2.57 and a debt-to-equity ratio of 0.24. The firm has a market cap of $982.12 billion, a P/E ratio of 26.90, a PEG ratio of 0.66 and a beta of 1.06. The company has a 50 day moving average of $205.36 and a 200-day moving average of $191.41. 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 – Get Free Report) last issued its earnings results on Thursday, January 16th. The semiconductor company reported $2.24 earnings per share (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%. Sell-side analysts anticipate that Taiwan Semiconductor Manufacturing Company Limited will post 9.2 earnings per share for the current 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 issued a dividend of $0.6855 per share. The ex-dividend date is Thursday, June 12th. This is an increase from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.55. This represents a $2.74 annualized dividend and a yield of 1.45%. Taiwan Semiconductor Manufacturing’s dividend payout ratio is 31.11%.
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.
Further Reading
- Five stocks we like better than Taiwan Semiconductor Manufacturing
- Manufacturing Stocks Investing
- Nebius Slides Post-Earnings: A Long-Term Buy Opportunity?
- 3 Grocery Stocks That Are Proving They Are Still Essential
- NVIDIA Stock: A Market Barometer in Tech’s Turbulent Times
- How to Find Undervalued Stocks
- Palantir Stock Nears Bear Market Territory – Why and What’s Next?
Receive News & Ratings for Taiwan Semiconductor Manufacturing Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Taiwan Semiconductor Manufacturing and related companies with MarketBeat.com's FREE daily email newsletter.