H&H International Investment LLC acquired a new stake in Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM – Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 271,792 shares of the semiconductor company’s stock, valued at approximately $45,117,000. Taiwan Semiconductor Manufacturing accounts for about 0.4% of H&H International Investment LLC’s holdings, making the stock its 10th largest position.
Several other institutional investors and hedge funds have also recently bought and sold shares of TSM. Brighton Jones LLC raised its holdings in Taiwan Semiconductor Manufacturing by 20.9% in the 4th quarter. Brighton Jones LLC now owns 10,930 shares of the semiconductor company’s stock valued at $2,159,000 after buying an additional 1,892 shares during the period. Cary Street Partners Financial LLC purchased a new stake in Taiwan Semiconductor Manufacturing in the 4th quarter valued at about $1,494,000. Cornerstone Select Advisors LLC purchased a new stake in Taiwan Semiconductor Manufacturing in the 4th quarter valued at about $953,000. CoreCap Advisors LLC raised its holdings in Taiwan Semiconductor Manufacturing by 21.3% in the 4th quarter. CoreCap Advisors LLC now owns 3,683 shares of the semiconductor company’s stock valued at $727,000 after buying an additional 646 shares during the period. Finally, Concentric Capital Strategies LP raised its holdings in Taiwan Semiconductor Manufacturing by 365.4% in the 4th quarter. Concentric Capital Strategies LP now owns 75,208 shares of the semiconductor company’s stock valued at $14,853,000 after buying an additional 59,049 shares during the period. 16.51% of the stock is currently owned by hedge funds and other institutional investors.
Taiwan Semiconductor Manufacturing Price Performance
TSM stock opened at $231.46 on Thursday. The business has a 50 day moving average price of $235.65 and a 200 day moving average price of $200.37. The stock has a market cap of $1.20 trillion, a price-to-earnings ratio of 26.39, a PEG ratio of 1.10 and a beta of 1.23. Taiwan Semiconductor Manufacturing Company Ltd. has a fifty-two week low of $134.25 and a fifty-two week high of $248.28. The company has a quick ratio of 2.15, a current ratio of 2.37 and a debt-to-equity ratio of 0.20.
Taiwan Semiconductor Manufacturing Increases Dividend
The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 8th. Investors of record on Thursday, December 11th will be paid a dividend of $0.8348 per share. The ex-dividend date is Thursday, December 11th. This is a positive change from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.65. This represents a $3.34 annualized dividend and a yield of 1.4%. Taiwan Semiconductor Manufacturing’s dividend payout ratio (DPR) is presently 28.16%.
Wall Street Analysts Forecast Growth
Several analysts recently issued reports on TSM shares. Wall Street Zen upgraded shares of Taiwan Semiconductor Manufacturing from a “hold” rating to a “buy” rating in a report on Sunday. Barclays reaffirmed an “overweight” rating and issued a $240.00 target price (up from $215.00) on shares of Taiwan Semiconductor Manufacturing in a research report on Tuesday, June 3rd. Susquehanna lifted their target price on Taiwan Semiconductor Manufacturing from $255.00 to $265.00 and gave the company a “positive” rating in a research report on Monday, July 14th. Citigroup reaffirmed a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a research report on Thursday, May 22nd. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $270.00 target price on shares of Taiwan Semiconductor Manufacturing in a research report on Thursday, July 17th. Four research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of $258.33.
View Our Latest Stock Report on Taiwan Semiconductor Manufacturing
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.
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