Headland Capital LLC Makes New $8.67 Million Investment in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Headland Capital LLC acquired a new position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 43,881 shares of the semiconductor company's stock, valued at approximately $8,666,000. Taiwan Semiconductor Manufacturing accounts for approximately 3.0% of Headland Capital LLC's portfolio, making the stock its 11th largest holding.

A number of other large investors have also modified their holdings of the company. Guardian Capital LP acquired a new stake in shares of Taiwan Semiconductor Manufacturing in the 4th quarter worth about $558,000. Rehmann Capital Advisory Group increased its stake in Taiwan Semiconductor Manufacturing by 0.9% during the 4th quarter. Rehmann Capital Advisory Group now owns 24,723 shares of the semiconductor company's stock valued at $4,883,000 after buying an additional 227 shares during the period. Triumph Capital Management increased its stake in Taiwan Semiconductor Manufacturing by 25.7% during the 4th quarter. Triumph Capital Management now owns 4,890 shares of the semiconductor company's stock valued at $966,000 after buying an additional 1,000 shares during the period. WealthCollab LLC increased its stake in Taiwan Semiconductor Manufacturing by 6.7% during the 4th quarter. WealthCollab LLC now owns 891 shares of the semiconductor company's stock valued at $176,000 after buying an additional 56 shares during the period. Finally, Soros Fund Management LLC acquired a new position in Taiwan Semiconductor Manufacturing during the 4th quarter valued at about $7,933,000. Institutional investors and hedge funds own 16.51% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have commented on TSM shares. Barclays reissued a "hold" rating on shares of Taiwan Semiconductor Manufacturing in a research note on Friday. 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 reaffirmed a "buy" rating and issued a $225.00 price objective on shares of Taiwan Semiconductor Manufacturing in a research note on Thursday, April 17th. Finally, Susquehanna reaffirmed a "positive" rating on shares of Taiwan Semiconductor Manufacturing in a research note on Friday. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $212.00.

Taiwan Semiconductor Manufacturing Stock Performance

Shares of TSM opened at $164.45 on Wednesday. Taiwan Semiconductor Manufacturing Company Limited has a 12-month low of $133.21 and a 12-month high of $226.40. The firm's 50 day moving average is $167.63 and its 200-day moving average is $188.83. The stock has a market capitalization of $852.91 billion, a P/E ratio of 23.36, a P/E/G ratio of 0.66 and a beta of 1.16. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.57 and a quick ratio of 2.30.

Taiwan Semiconductor Manufacturing (NYSE:TSM - Get Free Report) last announced its earnings results 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 company had revenue of $25.82 billion during the quarter, compared to analysts' expectations of $834.10 billion. Equities research analysts anticipate that Taiwan Semiconductor Manufacturing Company Limited will post 9.2 EPS for the current fiscal year.

Taiwan Semiconductor Manufacturing Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 10th. Shareholders of record on Thursday, June 12th will be issued a $0.6855 dividend. This represents a $2.74 annualized dividend and a dividend yield of 1.67%. This is a boost from Taiwan Semiconductor Manufacturing's previous quarterly dividend of $0.55. The ex-dividend date is Thursday, June 12th. Taiwan Semiconductor Manufacturing's dividend payout ratio (DPR) is presently 27.76%.

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.

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