Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) Shares Acquired by Caprock Group LLC

Caprock Group LLC increased its position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 1.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 62,676 shares of the semiconductor company’s stock after buying an additional 1,027 shares during the quarter. Caprock Group LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $10,925,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Atlantic Edge Private Wealth Management LLC acquired a new position in shares of Taiwan Semiconductor Manufacturing during the 2nd quarter valued at $25,000. Reston Wealth Management LLC purchased a new position in Taiwan Semiconductor Manufacturing in the 3rd quarter worth approximately $25,000. Olistico Wealth LLC purchased a new stake in shares of Taiwan Semiconductor Manufacturing during the second quarter valued at approximately $27,000. Valley Wealth Managers Inc. acquired a new position in shares of Taiwan Semiconductor Manufacturing during the second quarter worth $27,000. Finally, NewSquare Capital LLC purchased a new position in shares of Taiwan Semiconductor Manufacturing in the second quarter valued at $29,000. Institutional investors and hedge funds own 16.51% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have commented on TSM shares. Barclays boosted their price objective on shares of Taiwan Semiconductor Manufacturing from $215.00 to $240.00 and gave the stock an “overweight” rating in a report on Monday. Needham & Company LLC reissued a “buy” rating and issued a $210.00 price target on shares of Taiwan Semiconductor Manufacturing in a report on Thursday, October 17th. Susquehanna restated a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a research note on Friday, October 18th. Finally, StockNews.com lowered Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a research report on Sunday. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $214.00.

Taiwan Semiconductor Manufacturing Stock Up 0.8 %

NYSE:TSM opened at $187.44 on Tuesday. The firm has a market capitalization of $972.14 billion, a PE ratio of 30.04, a price-to-earnings-growth ratio of 0.87 and a beta of 1.12. Taiwan Semiconductor Manufacturing Company Limited has a 52 week low of $95.25 and a 52 week high of $212.60. The company has a current ratio of 2.57, a quick ratio of 2.30 and a debt-to-equity ratio of 0.24. The stock has a 50 day moving average of $186.28 and a 200-day moving average of $172.79.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last released its quarterly earnings results on Thursday, October 17th. The semiconductor company reported $1.94 EPS for the quarter, topping the consensus estimate of $1.74 by $0.20. The business had revenue of $23.50 billion during the quarter, compared to analyst estimates of $22.72 billion. Taiwan Semiconductor Manufacturing had a net margin of 39.10% and a return on equity of 27.44%. Analysts predict that Taiwan Semiconductor Manufacturing Company Limited will post 6.84 EPS for the current year.

Taiwan Semiconductor Manufacturing Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 10th. Shareholders of record on Tuesday, March 18th will be paid a dividend of $0.5484 per share. The ex-dividend date is Tuesday, March 18th. This represents a $2.19 annualized dividend and a yield of 1.17%. This is an increase from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. Taiwan Semiconductor Manufacturing’s payout ratio is presently 31.57%.

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.