Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) Shares Purchased by DGS Capital Management LLC

DGS Capital Management LLC boosted its holdings in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 5.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 16,989 shares of the semiconductor company’s stock after acquiring an additional 847 shares during the period. Taiwan Semiconductor Manufacturing comprises about 0.7% of DGS Capital Management LLC’s investment portfolio, making the stock its 21st biggest holding. DGS Capital Management LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $1,767,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Financial Gravity Asset Management Inc. grew its stake in Taiwan Semiconductor Manufacturing by 208.9% during the 3rd quarter. Financial Gravity Asset Management Inc. now owns 312 shares of the semiconductor company’s stock worth $27,000 after buying an additional 211 shares during the last quarter. MBM Wealth Consultants LLC bought a new position in shares of Taiwan Semiconductor Manufacturing during the fourth quarter worth about $27,000. PCA Investment Advisory Services Inc. acquired a new stake in shares of Taiwan Semiconductor Manufacturing in the 2nd quarter worth about $29,000. First Financial Corp IN bought a new stake in Taiwan Semiconductor Manufacturing in the 3rd quarter valued at about $31,000. Finally, Farmers & Merchants Investments Inc. acquired a new position in Taiwan Semiconductor Manufacturing during the 4th quarter valued at about $31,000. 16.51% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on TSM. Susquehanna boosted their price objective on Taiwan Semiconductor Manufacturing from $160.00 to $180.00 and gave the stock a “positive” rating in a research report on Tuesday, April 2nd. TD Cowen lifted their price objective on shares of Taiwan Semiconductor Manufacturing from $85.00 to $95.00 and gave the company a “market perform” rating in a research note on Friday, January 12th. 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 boosted their price target on shares of Taiwan Semiconductor Manufacturing from $133.00 to $168.00 and gave the stock a “buy” rating in a research report on Wednesday, April 10th. Finally, Barclays increased their price objective on shares of Taiwan Semiconductor Manufacturing from $125.00 to $145.00 and gave the company an “overweight” rating in a report on Tuesday, April 2nd. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $147.00.

Taiwan Semiconductor Manufacturing Price Performance

NYSE:TSM traded down $0.44 during mid-day trading on Tuesday, reaching $139.70. 7,022,575 shares of the stock were exchanged, compared to its average volume of 15,241,094. Taiwan Semiconductor Manufacturing Company Limited has a 1-year low of $81.21 and a 1-year high of $158.40. The company has a current ratio of 2.40, a quick ratio of 2.13 and a debt-to-equity ratio of 0.26. The business has a fifty day moving average price of $135.95 and a 200 day moving average price of $112.05. The firm has a market capitalization of $724.54 billion, a PE ratio of 26.83, a PEG ratio of 1.09 and a beta of 1.15.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last released its earnings results on Thursday, January 18th. The semiconductor company reported $1.44 EPS for the quarter, beating the consensus estimate of $1.37 by $0.07. The business had revenue of $19.62 billion during the quarter, compared to analyst estimates of $18.99 billion. Taiwan Semiconductor Manufacturing had a net margin of 38.80% and a return on equity of 25.24%. Research analysts expect that Taiwan Semiconductor Manufacturing Company Limited will post 6.15 earnings per share for the current fiscal year.

Taiwan Semiconductor Manufacturing Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 11th. Stockholders of record on Thursday, June 13th will be issued a dividend of $0.4408 per share. This represents a $1.76 annualized dividend and a dividend yield of 1.26%. The ex-dividend date is Thursday, June 13th. Taiwan Semiconductor Manufacturing’s dividend payout ratio is 33.20%.

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