KG&L Capital Management LLC Buys 738 Shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

KG&L Capital Management LLC raised its stake in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 6.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 11,866 shares of the semiconductor company’s stock after buying an additional 738 shares during the quarter. KG&L Capital Management LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $2,343,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Centaurus Financial Inc. increased its position in shares of Taiwan Semiconductor Manufacturing by 13.0% in the 2nd quarter. Centaurus Financial Inc. now owns 12,859 shares of the semiconductor company’s stock valued at $2,235,000 after buying an additional 1,482 shares in the last quarter. Park National Corp OH grew its stake in Taiwan Semiconductor Manufacturing by 3.0% in the third quarter. Park National Corp OH now owns 2,473 shares of the semiconductor company’s stock valued at $429,000 after acquiring an additional 71 shares during the period. AMF Tjanstepension AB increased its holdings in shares of Taiwan Semiconductor Manufacturing by 4.8% in the third quarter. AMF Tjanstepension AB now owns 1,533,207 shares of the semiconductor company’s stock worth $266,300,000 after acquiring an additional 70,057 shares in the last quarter. Capital Market Strategies LLC raised its position in shares of Taiwan Semiconductor Manufacturing by 4.5% during the third quarter. Capital Market Strategies LLC now owns 11,376 shares of the semiconductor company’s stock worth $1,976,000 after purchasing an additional 492 shares during the period. Finally, Abacus Wealth Partners LLC lifted its holdings in shares of Taiwan Semiconductor Manufacturing by 20.4% during the 3rd quarter. Abacus Wealth Partners LLC now owns 3,144 shares of the semiconductor company’s stock valued at $546,000 after purchasing an additional 532 shares in the last quarter. Institutional investors own 16.51% of the company’s stock.

Taiwan Semiconductor Manufacturing Price Performance

NYSE TSM opened at $209.28 on Friday. The firm’s 50 day moving average is $202.44 and its 200-day moving average is $186.32. The company has a quick ratio of 2.30, a current ratio of 2.57 and a debt-to-equity ratio of 0.24. The company has a market capitalization of $1.09 trillion, a PE ratio of 29.73, a price-to-earnings-growth ratio of 0.67 and a beta of 1.07. Taiwan Semiconductor Manufacturing Company Limited has a 12-month low of $112.61 and a 12-month high of $226.40.

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

Taiwan Semiconductor Manufacturing Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 10th. Investors of record on Tuesday, March 18th will be given a dividend of $0.5484 per share. The ex-dividend date is Tuesday, March 18th. This is a boost from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. This represents a $2.19 annualized dividend and a yield of 1.05%. Taiwan Semiconductor Manufacturing’s dividend payout ratio is 27.27%.

Analyst Ratings Changes

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

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.