Overbrook Management Corp Buys New Stake in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Overbrook Management Corp bought a new stake in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) during the third quarter, Holdings Channel.com reports. The fund bought 51,603 shares of the semiconductor company’s stock, valued at approximately $8,962,000. Taiwan Semiconductor Manufacturing makes up about 2.1% of Overbrook Management Corp’s portfolio, making the stock its 21st largest position.

A number of other hedge funds have also recently modified their holdings of the stock. King Luther Capital Management Corp grew its position in shares of Taiwan Semiconductor Manufacturing by 1.5% in the 3rd quarter. King Luther Capital Management Corp now owns 6,913 shares of the semiconductor company’s stock valued at $1,201,000 after buying an additional 101 shares during the last quarter. EverSource Wealth Advisors LLC grew its position in shares of Taiwan Semiconductor Manufacturing by 14.8% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 8,449 shares of the semiconductor company’s stock valued at $1,467,000 after buying an additional 1,091 shares during the last quarter. Moors & Cabot Inc. grew its position in shares of Taiwan Semiconductor Manufacturing by 0.4% in the 3rd quarter. Moors & Cabot Inc. now owns 27,440 shares of the semiconductor company’s stock valued at $4,768,000 after buying an additional 119 shares during the last quarter. Value Aligned Research Advisors LLC grew its position in shares of Taiwan Semiconductor Manufacturing by 51.4% in the 3rd quarter. Value Aligned Research Advisors LLC now owns 6,369 shares of the semiconductor company’s stock valued at $1,106,000 after buying an additional 2,161 shares during the last quarter. Finally, First Horizon Advisors Inc. grew its position in shares of Taiwan Semiconductor Manufacturing by 3.1% in the 3rd quarter. First Horizon Advisors Inc. now owns 8,181 shares of the semiconductor company’s stock valued at $1,421,000 after buying an additional 247 shares during 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 research reports. Barclays raised their price objective on shares of Taiwan Semiconductor Manufacturing from $215.00 to $240.00 and gave the stock an “overweight” rating in a research report on Monday. Susquehanna reissued a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a research report on Friday, October 18th. StockNews.com downgraded shares of Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a research report on Sunday. Finally, Needham & Company LLC restated a “buy” rating and issued a $210.00 target price on shares of Taiwan Semiconductor Manufacturing in a research note on Thursday, October 17th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, Taiwan Semiconductor Manufacturing has a consensus rating of “Moderate Buy” and an average price target of $214.00.

Taiwan Semiconductor Manufacturing Stock Down 0.7 %

Shares of NYSE TSM opened at $188.41 on Thursday. The company has a quick ratio of 2.30, a current ratio of 2.57 and a debt-to-equity ratio of 0.24. Taiwan Semiconductor Manufacturing Company Limited has a 52 week low of $95.25 and a 52 week high of $212.60. The firm has a 50-day moving average price of $187.19 and a 200 day moving average price of $173.23. The stock has a market capitalization of $977.17 billion, a price-to-earnings ratio of 30.19, a price-to-earnings-growth ratio of 0.87 and a beta of 1.12.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last announced its earnings results on Thursday, October 17th. The semiconductor company reported $1.94 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.74 by $0.20. The company had revenue of $23.50 billion during the quarter, compared to analysts’ expectations of $22.72 billion. Taiwan Semiconductor Manufacturing had a net margin of 39.10% and a return on equity of 27.44%. Equities research analysts anticipate that Taiwan Semiconductor Manufacturing Company Limited will post 6.95 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, April 10th. Stockholders of record on Tuesday, March 18th will be issued a dividend of $0.5484 per share. The ex-dividend date is Tuesday, March 18th. This is an increase from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. This represents a $2.19 dividend on an annualized basis and a dividend yield of 1.16%. Taiwan Semiconductor Manufacturing’s payout ratio is 31.57%.

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.