IPG Investment Advisors LLC Purchases 531 Shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

IPG Investment Advisors LLC lifted its position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 42.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,786 shares of the semiconductor company’s stock after acquiring an additional 531 shares during the quarter. IPG Investment Advisors LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $354,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Cynosure Group LLC bought a new position in shares of Taiwan Semiconductor Manufacturing during the third quarter valued at approximately $241,000. Blueshift Asset Management LLC bought a new stake in Taiwan Semiconductor Manufacturing during the 3rd quarter valued at $206,000. CreativeOne Wealth LLC boosted its position in Taiwan Semiconductor Manufacturing by 29.0% during the 3rd quarter. CreativeOne Wealth LLC now owns 5,323 shares of the semiconductor company’s stock valued at $925,000 after acquiring an additional 1,198 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Taiwan Semiconductor Manufacturing by 211.4% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 46,005 shares of the semiconductor company’s stock valued at $7,990,000 after acquiring an additional 31,231 shares during the period. Finally, Fiduciary Trust Co raised its position in shares of Taiwan Semiconductor Manufacturing by 63.9% in the 3rd quarter. Fiduciary Trust Co now owns 4,157 shares of the semiconductor company’s stock worth $722,000 after acquiring an additional 1,621 shares in the last quarter. 16.51% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

TSM has been the topic of several analyst reports. StockNews.com lowered Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a research note on Tuesday, January 28th. Needham & Company LLC reaffirmed a “buy” rating and issued a $225.00 price objective on shares of Taiwan Semiconductor Manufacturing in a research report on Tuesday, February 18th. Finally, Barclays increased their target price 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. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, Taiwan Semiconductor Manufacturing currently has a consensus rating of “Moderate Buy” and a consensus price target of $220.00.

Taiwan Semiconductor Manufacturing Price Performance

Shares of TSM opened at $165.82 on Friday. The firm has a market capitalization of $860.00 billion, a PE ratio of 23.55, a price-to-earnings-growth ratio of 0.66 and a beta of 1.13. 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 company’s fifty day moving average price is $192.35 and its 200-day moving average price is $192.55. Taiwan Semiconductor Manufacturing Company Limited has a 1-year low of $125.78 and a 1-year high of $226.40.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last announced its quarterly earnings data on Thursday, January 16th. The semiconductor company reported $2.24 earnings per share for the quarter, beating 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, equities research analysts predict that Taiwan Semiconductor Manufacturing Company Limited will post 9.2 EPS for the current year.

Taiwan Semiconductor Manufacturing Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 10th. Stockholders of record on Thursday, June 12th will be paid a $0.6855 dividend. The ex-dividend date is Thursday, June 12th. This represents a $2.74 dividend on an annualized basis and a dividend yield of 1.65%. This is a positive change from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.55. Taiwan Semiconductor Manufacturing’s dividend payout ratio is presently 30.68%.

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.