Calamos Wealth Management LLC Increases Stock Position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Calamos Wealth Management LLC raised its holdings in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 0.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 27,536 shares of the semiconductor company’s stock after acquiring an additional 229 shares during the quarter. Calamos Wealth Management LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $5,438,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Patron Partners LLC purchased a new stake in Taiwan Semiconductor Manufacturing in the fourth quarter worth $235,000. abrdn plc lifted its position in Taiwan Semiconductor Manufacturing by 47.6% during the fourth quarter. abrdn plc now owns 353,810 shares of the semiconductor company’s stock valued at $70,505,000 after acquiring an additional 114,068 shares during the last quarter. Trust Point Inc. grew its holdings in Taiwan Semiconductor Manufacturing by 41.0% in the fourth quarter. Trust Point Inc. now owns 9,337 shares of the semiconductor company’s stock worth $1,844,000 after purchasing an additional 2,713 shares during the last quarter. Alliance Wealth Advisors LLC UT increased its position in shares of Taiwan Semiconductor Manufacturing by 21.7% during the fourth quarter. Alliance Wealth Advisors LLC UT now owns 2,655 shares of the semiconductor company’s stock worth $524,000 after purchasing an additional 473 shares in the last quarter. Finally, Financial Life Planners purchased a new stake in shares of Taiwan Semiconductor Manufacturing during the 4th quarter valued at $62,000. 16.51% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the company. Barclays upped their target price on Taiwan Semiconductor Manufacturing from $240.00 to $255.00 and gave the company an “overweight” rating in a research report on Friday, January 17th. StockNews.com downgraded Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a research note on Tuesday, January 28th. Susquehanna reiterated a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a research report on Friday, October 18th. Finally, Needham & Company LLC restated a “buy” rating and issued a $225.00 price objective on shares of Taiwan Semiconductor Manufacturing in a research report on Thursday, January 16th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $220.00.

Taiwan Semiconductor Manufacturing Stock Down 4.5 %

TSM opened at $199.96 on Tuesday. Taiwan Semiconductor Manufacturing Company Limited has a 1 year low of $116.58 and a 1 year high of $226.40. The company has a market cap of $1.04 trillion, a PE ratio of 28.40, a price-to-earnings-growth ratio of 0.69 and a beta of 1.06. The company has a debt-to-equity ratio of 0.24, a quick ratio of 2.30 and a current ratio of 2.57. The firm has a 50 day moving average price of $202.44 and a 200 day moving average price of $186.43.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last announced its earnings results on Thursday, January 16th. The semiconductor company reported $2.24 earnings per share for the quarter, beating the consensus estimate of $2.16 by $0.08. Taiwan Semiconductor Manufacturing had a return on equity of 30.47% and a net margin of 40.51%. Sell-side analysts expect that Taiwan Semiconductor Manufacturing Company Limited will post 9.12 earnings per share for the current year.

Taiwan Semiconductor Manufacturing Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 10th. Shareholders of record on Tuesday, March 18th will be issued a $0.5484 dividend. The ex-dividend date of this dividend is Tuesday, March 18th. This is an increase from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. This represents a $2.19 dividend on an annualized basis and a yield of 1.10%. Taiwan Semiconductor Manufacturing’s dividend payout ratio is 27.27%.

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.