Team Hewins LLC Makes New Investment in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Team Hewins LLC bought a new stake in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 16,589 shares of the semiconductor company's stock, valued at approximately $1,733,000.

Several other large investors have also modified their holdings of TSM. CapWealth Advisors LLC boosted its stake in Taiwan Semiconductor Manufacturing by 21.1% during the 4th quarter. CapWealth Advisors LLC now owns 122,310 shares of the semiconductor company's stock worth $12,720,000 after purchasing an additional 21,329 shares during the period. Fisher Asset Management LLC boosted its stake in Taiwan Semiconductor Manufacturing by 1.4% during the 4th quarter. Fisher Asset Management LLC now owns 31,079,682 shares of the semiconductor company's stock worth $3,232,287,000 after purchasing an additional 442,289 shares during the period. Empirical Financial Services LLC d.b.a. Empirical Wealth Management boosted its stake in Taiwan Semiconductor Manufacturing by 99.3% during the 3rd quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 5,087 shares of the semiconductor company's stock worth $442,000 after purchasing an additional 2,534 shares during the period. Investment House LLC boosted its stake in Taiwan Semiconductor Manufacturing by 117.5% during the 4th quarter. Investment House LLC now owns 45,840 shares of the semiconductor company's stock worth $4,767,000 after purchasing an additional 24,762 shares during the period. Finally, Bison Wealth LLC acquired a new stake in Taiwan Semiconductor Manufacturing during the 4th quarter worth $1,178,000. Institutional investors and hedge funds own 16.51% of the company's stock.

Taiwan Semiconductor Manufacturing Trading Up 0.6 %

Shares of TSM traded up $0.93 during mid-day trading on Thursday, hitting $157.08. The company had a trading volume of 20,859,055 shares, compared to its average volume of 15,032,775. The business's 50-day simple moving average is $141.23 and its 200-day simple moving average is $121.89. The company has a quick ratio of 2.13, a current ratio of 2.39 and a debt-to-equity ratio of 0.27. Taiwan Semiconductor Manufacturing Company Limited has a 1-year low of $84.01 and a 1-year high of $160.78. The stock has a market cap of $814.68 billion, a PE ratio of 29.76, a P/E/G ratio of 1.10 and a beta of 1.13.

Taiwan Semiconductor Manufacturing (NYSE:TSM - Get Free Report) last posted its quarterly earnings results on Thursday, April 18th. The semiconductor company reported $1.38 EPS for the quarter, beating the consensus estimate of $1.29 by $0.09. Taiwan Semiconductor Manufacturing had a net margin of 38.15% and a return on equity of 24.75%. The firm had revenue of $18.87 billion for the quarter, compared to analyst estimates of $18.38 billion. Sell-side analysts forecast that Taiwan Semiconductor Manufacturing Company Limited will post 6.13 earnings per share for the current year.

Taiwan Semiconductor Manufacturing Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 9th. Stockholders of record on Thursday, September 12th will be paid a dividend of $0.4865 per share. The ex-dividend date of this dividend is Thursday, September 12th. This represents a $1.95 dividend on an annualized basis and a dividend yield of 1.24%. This is a positive change from Taiwan Semiconductor Manufacturing's previous quarterly dividend of $0.44. Taiwan Semiconductor Manufacturing's dividend payout ratio (DPR) is currently 32.76%.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on TSM shares. Susquehanna upped their price objective on shares of Taiwan Semiconductor Manufacturing from $160.00 to $180.00 and gave the stock a "positive" rating in a research report on Tuesday, April 2nd. StockNews.com upgraded shares of Taiwan Semiconductor Manufacturing from a "hold" rating to a "buy" rating in a research report on Thursday, April 11th. Needham & Company LLC restated a "buy" rating and set a $168.00 price objective on shares of Taiwan Semiconductor Manufacturing in a research report on Wednesday. TD Cowen increased their price target on shares of Taiwan Semiconductor Manufacturing from $100.00 to $130.00 and gave the company a "hold" rating in a report on Thursday, April 18th. Finally, Barclays increased their price target on shares of Taiwan Semiconductor Manufacturing from $145.00 to $150.00 and gave the company an "overweight" rating in a report on Friday, April 19th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $157.00.

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.

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