Hosking Partners LLP Buys 22,686 Shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Hosking Partners LLP lifted its position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 9.8% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 253,049 shares of the semiconductor company’s stock after purchasing an additional 22,686 shares during the period. Taiwan Semiconductor Manufacturing comprises approximately 2.0% of Hosking Partners LLP’s portfolio, making the stock its 18th biggest holding. Hosking Partners LLP’s holdings in Taiwan Semiconductor Manufacturing were worth $49,975,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in TSM. Fielder Capital Group LLC grew its holdings in Taiwan Semiconductor Manufacturing by 4.7% in the 4th quarter. Fielder Capital Group LLC now owns 3,311 shares of the semiconductor company’s stock worth $654,000 after acquiring an additional 149 shares during the last quarter. Verus Capital Partners LLC boosted its holdings in shares of Taiwan Semiconductor Manufacturing by 12.8% during the fourth quarter. Verus Capital Partners LLC now owns 4,446 shares of the semiconductor company’s stock worth $878,000 after purchasing an additional 506 shares during the period. Linscomb Wealth Inc. purchased a new stake in shares of Taiwan Semiconductor Manufacturing during the fourth quarter worth about $224,000. QRG Capital Management Inc. grew its stake in shares of Taiwan Semiconductor Manufacturing by 0.7% in the fourth quarter. QRG Capital Management Inc. now owns 113,043 shares of the semiconductor company’s stock worth $22,325,000 after purchasing an additional 831 shares during the last quarter. Finally, Alphinity Investment Management Pty Ltd purchased a new position in Taiwan Semiconductor Manufacturing during the 4th quarter valued at about $349,241,000. 16.51% of the stock is owned by hedge funds and other institutional investors.

Taiwan Semiconductor Manufacturing Trading Down 6.7 %

Shares of NYSE TSM opened at $181.64 on Friday. Taiwan Semiconductor Manufacturing Company Limited has a 1 year low of $125.78 and a 1 year high of $226.40. 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 firm has a 50-day moving average of $205.09 and a 200 day moving average of $191.37. The stock has a market cap of $942.03 billion, a P/E ratio of 25.80, a price-to-earnings-growth ratio of 0.66 and a beta of 1.06.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last released its 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%. As a group, sell-side analysts expect that Taiwan Semiconductor Manufacturing Company Limited will post 9.2 EPS for the current fiscal 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 $0.6855 dividend. This represents a $2.74 annualized dividend and a yield of 1.51%. This is an increase from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.55. The ex-dividend date of this dividend is Thursday, June 12th. Taiwan Semiconductor Manufacturing’s payout ratio is 31.11%.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on TSM shares. Barclays increased their price objective on Taiwan Semiconductor Manufacturing from $240.00 to $255.00 and gave the stock an “overweight” rating in a report on Friday, January 17th. StockNews.com lowered Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a research note on Tuesday, January 28th. Finally, Needham & Company LLC restated a “buy” rating and issued a $225.00 price objective on shares of Taiwan Semiconductor Manufacturing in a report on Tuesday, February 18th. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target 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.