Vega Investment Solutions Invests $320,000 in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Vega Investment Solutions acquired a new position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 1,619 shares of the semiconductor company's stock, valued at approximately $320,000.

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

Taiwan Semiconductor Manufacturing Stock Up 2.4%

Shares of NYSE TSM opened at $196.43 on Friday. 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 $133.57 and a 12 month high of $226.40. The firm has a market capitalization of $1.02 trillion, a PE ratio of 27.90, a price-to-earnings-growth ratio of 0.66 and a beta of 1.21. The firm has a fifty day simple moving average of $168.94 and a two-hundred day simple moving average of $187.49.

Taiwan Semiconductor Manufacturing (NYSE:TSM - Get Free Report) last issued its quarterly earnings data on Thursday, April 17th. The semiconductor company reported $2.12 EPS for the quarter, topping the consensus estimate 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 business had revenue of $25.82 billion during the quarter, compared to analyst estimates of $834.10 billion. Equities analysts expect that Taiwan Semiconductor Manufacturing Company Limited will post 9.2 earnings per share for the current year.

Taiwan Semiconductor Manufacturing Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 9th. Shareholders of record on Tuesday, September 16th will be issued a $0.6499 dividend. The ex-dividend date is Tuesday, September 16th. This represents a $2.60 annualized dividend and a yield of 1.32%. Taiwan Semiconductor Manufacturing's dividend payout ratio (DPR) is presently 27.76%.

Analyst Upgrades and Downgrades

TSM has been the subject of a number of recent analyst reports. Susquehanna reiterated a "positive" rating on shares of Taiwan Semiconductor Manufacturing in a report on Friday, April 25th. Needham & Company LLC reiterated a "buy" rating and set a $225.00 price target on shares of Taiwan Semiconductor Manufacturing in a report on Thursday, April 17th. Barclays reiterated a "hold" rating on shares of Taiwan Semiconductor Manufacturing in a report on Friday, April 25th. Wall Street Zen lowered shares of Taiwan Semiconductor Manufacturing from a "buy" rating to a "hold" rating in a report on Tuesday, January 28th. Finally, Citigroup reiterated a "buy" rating on shares of Taiwan Semiconductor Manufacturing in a report on Thursday. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $212.00.

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.

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