Boston Family Office LLC Raises Stock Holdings in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Boston Family Office LLC boosted its stake in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 13.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,855 shares of the semiconductor company’s stock after purchasing an additional 456 shares during the quarter. Boston Family Office LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $761,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also bought and sold shares of the stock. Kestra Investment Management LLC bought a new position in Taiwan Semiconductor Manufacturing in the third quarter valued at $212,000. Benjamin Edwards Inc. increased its position in shares of Taiwan Semiconductor Manufacturing by 258.5% during the 3rd quarter. Benjamin Edwards Inc. now owns 17,606 shares of the semiconductor company’s stock valued at $3,059,000 after purchasing an additional 12,695 shares during the last quarter. Ascent Group LLC raised its holdings in shares of Taiwan Semiconductor Manufacturing by 2.5% during the 3rd quarter. Ascent Group LLC now owns 5,116 shares of the semiconductor company’s stock valued at $888,000 after buying an additional 123 shares in the last quarter. Hilltop Holdings Inc. lifted its position in Taiwan Semiconductor Manufacturing by 83.6% in the 3rd quarter. Hilltop Holdings Inc. now owns 12,250 shares of the semiconductor company’s stock worth $2,127,000 after buying an additional 5,579 shares during the last quarter. Finally, HighVista Strategies LLC purchased a new stake in Taiwan Semiconductor Manufacturing in the third quarter worth approximately $1,789,000. 16.51% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the stock. Needham & Company LLC restated a “buy” rating and issued a $225.00 price objective on shares of Taiwan Semiconductor Manufacturing in a report on Tuesday, February 18th. StockNews.com downgraded shares of Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a research note on Tuesday, January 28th. Finally, Barclays raised their price objective on Taiwan Semiconductor Manufacturing from $240.00 to $255.00 and gave the company an “overweight” rating in a research note on Friday, January 17th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, Taiwan Semiconductor Manufacturing presently has an average rating of “Moderate Buy” and a consensus price target of $220.00.

Taiwan Semiconductor Manufacturing Price Performance

TSM stock opened at $168.46 on Wednesday. The stock has a market capitalization of $873.72 billion, a price-to-earnings ratio of 23.93, a PEG ratio of 0.66 and a beta of 1.13. The firm’s 50-day moving average price is $190.44 and its two-hundred day moving average price is $192.64. 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 issued its quarterly earnings data on Thursday, January 16th. The semiconductor company reported $2.24 earnings per share for the quarter, topping analysts’ consensus estimates of $2.16 by $0.08. Taiwan Semiconductor Manufacturing had a return on equity of 30.47% and a net margin of 40.51%. As a group, equities analysts predict that Taiwan Semiconductor Manufacturing Company Limited will post 9.2 earnings per share for the current year.

Taiwan Semiconductor Manufacturing Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 10th. Stockholders of record on Thursday, June 12th will be given a $0.6855 dividend. This represents a $2.74 annualized dividend and a dividend yield of 1.63%. This is a boost from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.55. The ex-dividend date of this dividend is Thursday, June 12th. Taiwan Semiconductor Manufacturing’s dividend payout ratio (DPR) is currently 30.68%.

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.