HF Advisory Group LLC Grows Stock Holdings in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

HF Advisory Group LLC boosted its stake in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 9.5% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 9,763 shares of the semiconductor company’s stock after purchasing an additional 847 shares during the quarter. HF Advisory Group LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $1,015,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of TSM. Morgan Stanley lifted its stake in Taiwan Semiconductor Manufacturing by 27.7% in the 4th quarter. Morgan Stanley now owns 32,513,567 shares of the semiconductor company’s stock worth $2,421,936,000 after purchasing an additional 7,045,899 shares in the last quarter. Moneta Group Investment Advisors LLC raised its position in shares of Taiwan Semiconductor Manufacturing by 108,945.8% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 5,471,916 shares of the semiconductor company’s stock valued at $407,603,000 after buying an additional 5,466,898 shares in the last quarter. PineStone Asset Management Inc. raised its position in shares of Taiwan Semiconductor Manufacturing by 330.5% during the 3rd quarter. PineStone Asset Management Inc. now owns 4,802,924 shares of the semiconductor company’s stock valued at $417,374,000 after buying an additional 3,687,249 shares in the last quarter. Van ECK Associates Corp raised its position in shares of Taiwan Semiconductor Manufacturing by 29.6% during the 3rd quarter. Van ECK Associates Corp now owns 14,795,582 shares of the semiconductor company’s stock valued at $1,285,736,000 after buying an additional 3,381,514 shares in the last quarter. Finally, BlackRock Inc. raised its position in shares of Taiwan Semiconductor Manufacturing by 24.5% during the 1st quarter. BlackRock Inc. now owns 12,047,759 shares of the semiconductor company’s stock valued at $1,120,683,000 after buying an additional 2,373,242 shares in the last quarter. Hedge funds and other institutional investors own 16.51% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on TSM shares. TD Cowen upped their target price on shares of Taiwan Semiconductor Manufacturing from $85.00 to $95.00 and gave the company a “market perform” rating in a research report on Friday, January 12th. Needham & Company LLC reiterated a “buy” rating and set a $168.00 price target on shares of Taiwan Semiconductor Manufacturing in a report on Thursday. StockNews.com upgraded shares of Taiwan Semiconductor Manufacturing from a “hold” rating to a “buy” rating in a research note on Thursday, April 11th. Barclays upped their target price on shares of Taiwan Semiconductor Manufacturing from $125.00 to $145.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 2nd. Finally, Susquehanna upped their target price on shares of Taiwan Semiconductor Manufacturing from $160.00 to $180.00 and gave the stock a “positive” rating in a research note on Tuesday, April 2nd. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $147.00.

Taiwan Semiconductor Manufacturing Stock Down 4.0 %

Shares of TSM traded down $5.56 during mid-day trading on Thursday, hitting $133.47. The company’s stock had a trading volume of 19,577,448 shares, compared to its average volume of 15,396,610. The company’s 50-day moving average is $136.64 and its 200-day moving average is $112.61. Taiwan Semiconductor Manufacturing Company Limited has a 52-week low of $81.21 and a 52-week high of $158.40. The firm has a market capitalization of $692.23 billion, a price-to-earnings ratio of 25.37, a PEG ratio of 1.07 and a beta of 1.15. The company has a current ratio of 2.40, a quick ratio of 2.13 and a debt-to-equity ratio of 0.26.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last announced its quarterly earnings results on Thursday, January 18th. The semiconductor company reported $1.44 earnings per share for the quarter, topping the consensus estimate of $1.37 by $0.07. Taiwan Semiconductor Manufacturing had a net margin of 38.80% and a return on equity of 25.24%. The firm had revenue of $19.62 billion during the quarter, compared to analysts’ expectations of $18.99 billion. On average, equities research analysts forecast that Taiwan Semiconductor Manufacturing Company Limited will post 6.15 EPS for the current fiscal year.

Taiwan Semiconductor Manufacturing Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 11th. Stockholders of record on Thursday, June 13th will be given a $0.4408 dividend. The ex-dividend date is Thursday, June 13th. This represents a $1.76 annualized dividend and a dividend yield of 1.32%. Taiwan Semiconductor Manufacturing’s payout ratio is presently 33.20%.

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 complementary metal oxide silicon wafer fabrication processes to manufacture logic, mixed-signal, radio frequency, and embedded memory semiconductors.