Talos Asset Management LP Makes New Investment in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Talos Asset Management LP acquired a new position in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm acquired 223,000 shares of the semiconductor company’s stock, valued at approximately $44,040,000. Taiwan Semiconductor Manufacturing accounts for 10.4% of Talos Asset Management LP’s investment portfolio, making the stock its 3rd biggest position.

Several other institutional investors also recently bought and sold shares of TSM. Stonebridge Financial Group LLC purchased a new position in Taiwan Semiconductor Manufacturing during the 4th quarter worth $25,000. IMG Wealth Management Inc. bought a new stake in Taiwan Semiconductor Manufacturing during the 4th quarter valued at $26,000. Hopwood Financial Services Inc. bought a new stake in Taiwan Semiconductor Manufacturing during the 4th quarter valued at $27,000. Roxbury Financial LLC bought a new stake in Taiwan Semiconductor Manufacturing during the 4th quarter valued at $29,000. Finally, Endeavor Private Wealth Inc. bought a new stake in Taiwan Semiconductor Manufacturing during the 4th quarter valued at $40,000. 16.51% of the stock is currently owned by hedge funds and other institutional investors.

Taiwan Semiconductor Manufacturing Stock Up 0.4 %

Taiwan Semiconductor Manufacturing stock opened at $173.82 on Thursday. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.57 and a quick ratio of 2.30. The stock has a market capitalization of $901.52 billion, a price-to-earnings ratio of 24.69, a PEG ratio of 0.66 and a beta of 1.13. Taiwan Semiconductor Manufacturing Company Limited has a 1-year low of $125.78 and a 1-year high of $226.40. The business has a fifty day moving average price of $196.91 and a 200-day moving average price of $191.95.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last issued its quarterly 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 return on equity of 30.47% and a net margin of 40.51%. Equities research analysts forecast that Taiwan Semiconductor Manufacturing Company Limited will post 9.2 EPS for the current fiscal year.

Taiwan Semiconductor Manufacturing Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 10th. Shareholders of record on Thursday, June 12th will be given a dividend of $0.6855 per share. The ex-dividend date is Thursday, June 12th. This represents a $2.74 dividend on an annualized basis and a yield of 1.58%. This is a boost from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.55. Taiwan Semiconductor Manufacturing’s payout ratio is currently 30.68%.

Analysts Set New Price Targets

Several analysts have issued reports on the company. Needham & Company LLC reaffirmed a “buy” rating and set a $225.00 target price on shares of Taiwan Semiconductor Manufacturing in a research report on Tuesday, February 18th. StockNews.com cut Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a research report on Tuesday, January 28th. Finally, Barclays increased 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. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, Taiwan Semiconductor Manufacturing currently has an average rating of “Moderate Buy” and an average price target of $220.00.

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 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.