In Depth Partners LLC Increases Stake in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

In Depth Partners LLC grew its position in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 62.4% during the 4th quarter, Holdings Channel reports. The firm owned 54,210 shares of the semiconductor company’s stock after purchasing an additional 20,823 shares during the period. Taiwan Semiconductor Manufacturing comprises 11.3% of In Depth Partners LLC’s investment portfolio, making the stock its 4th largest position. In Depth Partners LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $10,706,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the company. Stonebridge Financial Group LLC bought a new position in Taiwan Semiconductor Manufacturing in the 4th quarter worth approximately $25,000. IMG Wealth Management Inc. acquired a new position in Taiwan Semiconductor Manufacturing in the fourth quarter valued at approximately $26,000. Hopwood Financial Services Inc. bought a new stake in shares of Taiwan Semiconductor Manufacturing in the 4th quarter valued at $27,000. Roxbury Financial LLC acquired a new position in Taiwan Semiconductor Manufacturing in the 4th quarter worth $29,000. Finally, Glass Jacobson Investment Advisors llc boosted its holdings in Taiwan Semiconductor Manufacturing by 289.4% during the fourth quarter. Glass Jacobson Investment Advisors llc now owns 183 shares of the semiconductor company’s stock worth $36,000 after purchasing an additional 136 shares during the last quarter. Hedge funds and other institutional investors own 16.51% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on TSM. StockNews.com cut shares of Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a research note on Tuesday, January 28th. Needham & Company LLC restated a “buy” rating and set a $225.00 price target on shares of Taiwan Semiconductor Manufacturing in a report on Thursday, April 17th. Barclays dropped their price objective on Taiwan Semiconductor Manufacturing from $255.00 to $215.00 and set an “overweight” rating on the stock in a research note on Monday. Finally, Susquehanna dropped their price objective on Taiwan Semiconductor Manufacturing from $265.00 to $250.00 and set a “positive” rating on the stock in a research note on Thursday, April 17th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $212.00.

Taiwan Semiconductor Manufacturing Price Performance

NYSE TSM opened at $148.04 on Tuesday. Taiwan Semiconductor Manufacturing Company Limited has a fifty-two week low of $125.78 and a fifty-two week high of $226.40. The company has a debt-to-equity ratio of 0.24, a quick ratio of 2.30 and a current ratio of 2.57. The company has a market capitalization of $767.80 billion, a PE ratio of 21.03, a price-to-earnings-growth ratio of 0.66 and a beta of 1.16. The business’s fifty day moving average is $172.56 and its 200 day moving average is $189.92.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last announced its quarterly earnings results on Thursday, April 17th. The semiconductor company reported $2.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.03 by $0.09. The firm had revenue of $25.82 billion during the quarter, compared to analyst estimates of $834.10 billion. Taiwan Semiconductor Manufacturing had a return on equity of 30.47% and a net margin of 40.51%. Sell-side 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 firm also recently declared a quarterly dividend, which will be paid on Thursday, July 10th. Investors of record on Thursday, June 12th will be paid a $0.6855 dividend. This represents a $2.74 annualized dividend and a dividend yield of 1.85%. The ex-dividend date is Thursday, June 12th. This is a positive change from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.55. Taiwan Semiconductor Manufacturing’s payout ratio is currently 30.68%.

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.