CastleKnight Management LP Grows Stake in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

CastleKnight Management LP boosted its holdings in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM - Free Report) by 25.7% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 43,500 shares of the semiconductor company's stock after purchasing an additional 8,900 shares during the quarter. CastleKnight Management LP's holdings in Taiwan Semiconductor Manufacturing were worth $8,591,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in TSM. Stonebridge Financial Group LLC bought a new stake in Taiwan Semiconductor Manufacturing in the 4th quarter valued at $25,000. IMG Wealth Management Inc. purchased a new position in shares of Taiwan Semiconductor Manufacturing during the fourth quarter valued at about $26,000. Hopwood Financial Services Inc. bought a new stake in shares of Taiwan Semiconductor Manufacturing in the fourth quarter worth about $27,000. Accredited Wealth Management LLC purchased a new stake in shares of Taiwan Semiconductor Manufacturing in the fourth quarter worth about $31,000. Finally, Roxbury Financial LLC bought a new position in Taiwan Semiconductor Manufacturing during the fourth quarter valued at approximately $29,000. 16.51% of the stock is owned by hedge funds and other institutional investors.

Taiwan Semiconductor Manufacturing Trading Up 0.4 %

TSM stock traded up $0.69 during mid-day trading on Thursday, reaching $175.23. 10,324,595 shares of the stock traded hands, compared to its average volume of 15,885,889. The business has a 50-day moving average price of $165.76 and a two-hundred day moving average price of $188.00. The stock has a market capitalization of $908.80 billion, a PE ratio of 24.89, a PEG ratio of 0.66 and a beta of 1.21. The company has a debt-to-equity ratio of 0.24, a quick ratio of 2.30 and a current ratio of 2.57. Taiwan Semiconductor Manufacturing Company Limited has a one year low of $133.57 and a one year high of $226.40.

Taiwan Semiconductor Manufacturing (NYSE:TSM - Get Free Report) last posted its quarterly earnings data on Thursday, April 17th. The semiconductor company reported $2.12 earnings per share for the quarter, topping analysts' consensus estimates of $2.03 by $0.09. Taiwan Semiconductor Manufacturing had a net margin of 40.51% and a return on equity of 30.47%. The company had revenue of $25.82 billion for the quarter, compared to analyst estimates of $834.10 billion. Equities research analysts expect that Taiwan Semiconductor Manufacturing Company Limited will post 9.2 EPS for the current year.

Taiwan Semiconductor Manufacturing Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 10th. Shareholders of record on Thursday, June 12th will be paid a $0.6855 dividend. This is a positive change from Taiwan Semiconductor Manufacturing's previous quarterly dividend of $0.55. The ex-dividend date is Thursday, June 12th. This represents a $2.74 dividend on an annualized basis and a yield of 1.56%. Taiwan Semiconductor Manufacturing's dividend payout ratio (DPR) is presently 27.76%.

Analysts Set New Price Targets

A number of research firms have issued reports on TSM. Barclays reaffirmed a "hold" rating on shares of Taiwan Semiconductor Manufacturing in a research note on Friday, April 25th. Susquehanna restated a "positive" rating on shares of Taiwan Semiconductor Manufacturing in a research report on Friday, April 25th. StockNews.com lowered shares of Taiwan Semiconductor Manufacturing from a "buy" rating to a "hold" rating in a research report on Tuesday, January 28th. Finally, Needham & Company LLC restated a "buy" rating and issued a $225.00 target price on shares of Taiwan Semiconductor Manufacturing in a report on Thursday, April 17th. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $212.00.

About Taiwan Semiconductor Manufacturing

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.