Sunpointe LLC Has $1.51 Million Position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Sunpointe LLC increased its holdings in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 14.5% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 7,601 shares of the semiconductor company’s stock after purchasing an additional 960 shares during the period. Sunpointe LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $1,506,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. AMF Tjanstepension AB grew its stake in Taiwan Semiconductor Manufacturing by 4.8% during the third quarter. AMF Tjanstepension AB now owns 1,533,207 shares of the semiconductor company’s stock worth $266,300,000 after buying an additional 70,057 shares during the last quarter. Foundations Investment Advisors LLC grew its position in Taiwan Semiconductor Manufacturing by 6.4% during the 3rd quarter. Foundations Investment Advisors LLC now owns 23,054 shares of the semiconductor company’s stock worth $4,004,000 after acquiring an additional 1,389 shares during the last quarter. Oakworth Capital Inc. increased its holdings in Taiwan Semiconductor Manufacturing by 522.2% during the 3rd quarter. Oakworth Capital Inc. now owns 448 shares of the semiconductor company’s stock valued at $78,000 after purchasing an additional 376 shares in the last quarter. Sequoia Financial Advisors LLC boosted its stake in Taiwan Semiconductor Manufacturing by 4.1% in the third quarter. Sequoia Financial Advisors LLC now owns 44,503 shares of the semiconductor company’s stock worth $7,729,000 after purchasing an additional 1,773 shares in the last quarter. Finally, Pictet North America Advisors SA grew its holdings in shares of Taiwan Semiconductor Manufacturing by 1.4% during the third quarter. Pictet North America Advisors SA now owns 223,042 shares of the semiconductor company’s stock worth $38,736,000 after purchasing an additional 3,105 shares during the last quarter. Institutional investors own 16.51% of the company’s stock.

Taiwan Semiconductor Manufacturing Stock Down 0.9 %

Shares of NYSE TSM opened at $200.88 on Thursday. The company has a current ratio of 2.57, a quick ratio of 2.30 and a debt-to-equity ratio of 0.24. The firm has a market capitalization of $1.04 trillion, a PE ratio of 28.53, a price-to-earnings-growth ratio of 0.67 and a beta of 1.06. The firm’s 50-day moving average is $205.68 and its 200-day moving average is $190.15. Taiwan Semiconductor Manufacturing Company Limited has a 1 year low of $122.91 and a 1 year high of $226.40.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last released its earnings results on Thursday, January 16th. The semiconductor company reported $2.24 EPS for the quarter, topping analysts’ consensus estimates 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 analysts expect that Taiwan Semiconductor Manufacturing Company Limited will post 9.2 EPS for the current year.

Taiwan Semiconductor Manufacturing Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 10th. Shareholders of record on Thursday, June 12th will be issued a dividend of $0.6855 per share. The ex-dividend date of this dividend is Thursday, June 12th. This represents a $2.74 dividend on an annualized basis and a yield of 1.36%. This is a boost from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.55. Taiwan Semiconductor Manufacturing’s dividend payout ratio (DPR) is 27.27%.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on TSM. Needham & Company LLC reaffirmed a “buy” rating and issued a $225.00 price target on shares of Taiwan Semiconductor Manufacturing in a report on Tuesday. Barclays boosted their target price on shares of Taiwan Semiconductor Manufacturing from $240.00 to $255.00 and gave the stock an “overweight” rating in a research note on Friday, January 17th. Finally, StockNews.com cut shares of Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a research note on Tuesday, January 28th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average 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.