McHugh Group LLC Purchases New Stake in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

McHugh Group LLC acquired a new position in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 3,061 shares of the semiconductor company’s stock, valued at approximately $605,000.

Several other hedge funds also recently added to or reduced their stakes in the business. AMF Tjanstepension AB lifted its position in shares of 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 purchasing an additional 70,057 shares in the last quarter. Fulton Bank N.A. lifted its holdings in Taiwan Semiconductor Manufacturing by 14.4% during the 3rd quarter. Fulton Bank N.A. now owns 5,251 shares of the semiconductor company’s stock worth $912,000 after buying an additional 660 shares in the last quarter. Versant Capital Management Inc boosted its position in Taiwan Semiconductor Manufacturing by 37.9% in the 3rd quarter. Versant Capital Management Inc now owns 1,052 shares of the semiconductor company’s stock valued at $183,000 after buying an additional 289 shares during the period. Dynamic Advisor Solutions LLC increased its position in shares of Taiwan Semiconductor Manufacturing by 1.7% during the third quarter. Dynamic Advisor Solutions LLC now owns 20,365 shares of the semiconductor company’s stock worth $3,537,000 after acquiring an additional 339 shares during the period. Finally, Park Place Capital Corp raised its stake in shares of Taiwan Semiconductor Manufacturing by 55.8% in the third quarter. Park Place Capital Corp now owns 880 shares of the semiconductor company’s stock valued at $153,000 after acquiring an additional 315 shares in the last quarter. 16.51% of the stock is currently owned by hedge funds and other institutional investors.

Taiwan Semiconductor Manufacturing Price Performance

Shares of NYSE TSM opened at $208.53 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 stock has a market cap of $1.08 trillion, a P/E ratio of 29.62, a P/E/G ratio of 0.69 and a beta of 1.06. The stock has a 50 day moving average of $203.69 and a two-hundred day moving average of $187.05. Taiwan Semiconductor Manufacturing Company Limited has a twelve month low of $118.28 and a twelve month high of $226.40.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last released its quarterly earnings results on Thursday, January 16th. The semiconductor company reported $2.24 earnings per share (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%. On average, research analysts forecast that Taiwan Semiconductor Manufacturing Company Limited will post 9.12 earnings per share for the current year.

Taiwan Semiconductor Manufacturing Increases Dividend

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

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the company. 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. Barclays upped 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. StockNews.com downgraded shares of Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a research note on Tuesday, January 28th. Finally, Susquehanna reissued a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a research report on Friday, October 18th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price 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.