MY.Alpha Management HK Advisors Ltd Grows Position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

MY.Alpha Management HK Advisors Ltd grew its stake in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM - Free Report) by 109.9% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 103,980 shares of the semiconductor company's stock after acquiring an additional 54,438 shares during the quarter. Taiwan Semiconductor Manufacturing comprises approximately 9.1% of MY.Alpha Management HK Advisors Ltd's portfolio, making the stock its 3rd biggest position. MY.Alpha Management HK Advisors Ltd's holdings in Taiwan Semiconductor Manufacturing were worth $20,535,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently modified their holdings of TSM. Stonebridge Financial Group LLC purchased a new stake in shares of Taiwan Semiconductor Manufacturing during the fourth quarter valued at $25,000. IMG Wealth Management Inc. bought a new position in Taiwan Semiconductor Manufacturing during the 4th quarter valued at about $26,000. Hopwood Financial Services Inc. purchased a new stake in shares of Taiwan Semiconductor Manufacturing during the 4th quarter valued at about $27,000. Roxbury Financial LLC purchased a new position in shares of Taiwan Semiconductor Manufacturing during the fourth quarter valued at approximately $29,000. Finally, Accredited Wealth Management LLC purchased a new position in shares of Taiwan Semiconductor Manufacturing during the fourth quarter valued at approximately $31,000. Hedge funds and other institutional investors own 16.51% of the company's stock.

Wall Street Analyst Weigh In

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

Taiwan Semiconductor Manufacturing Trading Up 3.8%

NYSE:TSM opened at $194.00 on Wednesday. Taiwan Semiconductor Manufacturing Company Limited has a one year low of $133.57 and a one year high of $226.40. The business has a fifty day moving average price of $166.14 and a 200-day moving average price of $187.43. The firm has a market capitalization of $1.01 trillion, a price-to-earnings ratio of 27.56, a price-to-earnings-growth ratio of 0.66 and a beta of 1.21. 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 issued its quarterly earnings results on Thursday, April 17th. The semiconductor company reported $2.12 EPS for the quarter, topping analysts' consensus estimates of $2.03 by $0.09. Taiwan Semiconductor Manufacturing had a return on equity of 30.47% and a net margin of 40.51%. The business had revenue of $25.82 billion during the quarter, compared to analysts' expectations of $834.10 billion. Sell-side analysts forecast that Taiwan Semiconductor Manufacturing Company Limited will post 9.2 EPS for the current 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 paid a dividend of $0.6855 per share. This is a boost from Taiwan Semiconductor Manufacturing's previous quarterly dividend of $0.55. The ex-dividend date of this dividend is Thursday, June 12th. This represents a $2.74 dividend on an annualized basis and a yield of 1.41%. Taiwan Semiconductor Manufacturing's dividend payout ratio (DPR) is presently 27.76%.

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.

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