NEW THINKING HONG KONG INVESTMENT MANAGEMENT CO. Ltd Purchases New Stake in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

NEW THINKING HONG KONG INVESTMENT MANAGEMENT CO. Ltd purchased a new stake in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 45,100 shares of the semiconductor company’s stock, valued at approximately $7,839,000. Taiwan Semiconductor Manufacturing accounts for about 33.8% of NEW THINKING HONG KONG INVESTMENT MANAGEMENT CO. Ltd’s investment portfolio, making the stock its biggest holding.

Other hedge funds have also bought and sold shares of the company. Johnson Financial Group Inc. purchased a new position in Taiwan Semiconductor Manufacturing during the 4th quarter worth $25,000. LifeSteps Financial Inc. purchased a new position in Taiwan Semiconductor Manufacturing during the 1st quarter worth $27,000. Olistico Wealth LLC purchased a new position in Taiwan Semiconductor Manufacturing during the 2nd quarter worth $27,000. North Star Investment Management Corp. boosted its holdings in shares of Taiwan Semiconductor Manufacturing by 670.4% in the 1st quarter. North Star Investment Management Corp. now owns 208 shares of the semiconductor company’s stock worth $28,000 after buying an additional 181 shares during the last quarter. Finally, Sachetta LLC purchased a new position in shares of Taiwan Semiconductor Manufacturing in the 4th quarter worth about $29,000. Institutional investors and hedge funds own 16.51% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the stock. Needham & Company LLC boosted their price target on shares of Taiwan Semiconductor Manufacturing from $168.00 to $210.00 and gave the stock a “buy” rating in a report on Monday, July 15th. Sanford C. Bernstein boosted their price target on shares of Taiwan Semiconductor Manufacturing from $150.00 to $200.00 and gave the stock an “outperform” rating in a report on Thursday, June 20th. Susquehanna reissued a “positive” rating and issued a $250.00 price target on shares of Taiwan Semiconductor Manufacturing in a report on Wednesday. Barclays boosted their price target on shares of Taiwan Semiconductor Manufacturing from $150.00 to $170.00 and gave the stock an “overweight” rating in a report on Wednesday, June 5th. Finally, TD Cowen boosted their price objective on Taiwan Semiconductor Manufacturing from $130.00 to $170.00 and gave the company a “hold” rating in a research note on Thursday, July 18th. One analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $200.00.

Taiwan Semiconductor Manufacturing Stock Performance

Taiwan Semiconductor Manufacturing stock traded up $0.58 during midday trading on Friday, reaching $174.54. The stock had a trading volume of 10,709,972 shares, compared to its average volume of 21,614,538. Taiwan Semiconductor Manufacturing Company Limited has a 12 month low of $84.01 and a 12 month high of $193.47. The firm’s 50-day moving average price is $171.29 and its 200 day moving average price is $150.73. The firm has a market capitalization of $905.24 billion, a PE ratio of 33.25, a P/E/G ratio of 1.00 and a beta of 1.14. The company has a quick ratio of 2.13, a current ratio of 2.39 and a debt-to-equity ratio of 0.27.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last announced its quarterly earnings data on Thursday, July 18th. The semiconductor company reported $1.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.37 by $0.11. Taiwan Semiconductor Manufacturing had a return on equity of 25.89% and a net margin of 37.85%. The business had revenue of $20.82 billion for the quarter, compared to analysts’ expectations of $20.33 billion. During the same period in the previous year, the business posted $1.14 EPS. The firm’s quarterly revenue was up 34.6% compared to the same quarter last year. As a group, research analysts predict that Taiwan Semiconductor Manufacturing Company Limited will post 6.44 earnings per share for the current fiscal year.

Taiwan Semiconductor Manufacturing Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 9th. Stockholders of record on Thursday, December 12th will be given a dividend of $0.4871 per share. The ex-dividend date of this dividend is Thursday, December 12th. This is a boost from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. This represents a $1.95 annualized dividend and a dividend yield of 1.12%. Taiwan Semiconductor Manufacturing’s dividend payout ratio is currently 32.57%.

Taiwan Semiconductor Manufacturing 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.