Patron Partners LLC Purchases New Stake in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Patron Partners LLC bought a new stake in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 1,192 shares of the semiconductor company’s stock, valued at approximately $235,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. abrdn plc increased its position in Taiwan Semiconductor Manufacturing by 47.6% during the fourth quarter. abrdn plc now owns 353,810 shares of the semiconductor company’s stock valued at $70,505,000 after acquiring an additional 114,068 shares during the last quarter. Trust Point Inc. grew its stake in Taiwan Semiconductor Manufacturing by 41.0% during the 4th quarter. Trust Point Inc. now owns 9,337 shares of the semiconductor company’s stock worth $1,844,000 after buying an additional 2,713 shares during the last quarter. Alliance Wealth Advisors LLC UT increased its holdings in Taiwan Semiconductor Manufacturing by 21.7% in the 4th quarter. Alliance Wealth Advisors LLC UT now owns 2,655 shares of the semiconductor company’s stock worth $524,000 after buying an additional 473 shares during the period. Financial Life Planners purchased a new position in Taiwan Semiconductor Manufacturing in the fourth quarter valued at $62,000. Finally, Jennison Associates LLC lifted its stake in Taiwan Semiconductor Manufacturing by 72.9% in the 4th quarter. Jennison Associates LLC now owns 6,949,520 shares of the semiconductor company’s stock valued at $1,372,461,000 after buying an additional 2,931,209 shares in the last quarter. Institutional investors own 16.51% of the company’s stock.

Taiwan Semiconductor Manufacturing Trading Down 4.5 %

NYSE:TSM opened at $199.96 on Tuesday. The firm’s 50 day moving average is $202.44 and its 200 day moving average is $186.43. Taiwan Semiconductor Manufacturing Company Limited has a 12 month low of $116.58 and a 12 month high of $226.40. The stock has a market capitalization of $1.04 trillion, a PE ratio of 28.40, a price-to-earnings-growth ratio of 0.69 and a beta of 1.06. The company has a current ratio of 2.57, a quick ratio of 2.30 and a debt-to-equity ratio of 0.24.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last announced its quarterly earnings data on Thursday, January 16th. The semiconductor company reported $2.24 earnings per share (EPS) 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%. Sell-side analysts expect that Taiwan Semiconductor Manufacturing Company Limited will post 9.12 earnings per share for the current year.

Taiwan Semiconductor Manufacturing Increases Dividend

The firm 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 is a positive change from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. The ex-dividend date is Tuesday, March 18th. This represents a $2.19 dividend on an annualized basis and a dividend yield of 1.10%. Taiwan Semiconductor Manufacturing’s payout ratio is presently 27.27%.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on TSM. StockNews.com lowered Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a report on Tuesday, January 28th. Susquehanna reiterated a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a report on Friday, October 18th. Needham & Company LLC restated a “buy” rating and issued a $225.00 target price on shares of Taiwan Semiconductor Manufacturing in a research note on Thursday, January 16th. 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 MarketBeat.com, Taiwan Semiconductor Manufacturing currently has a consensus rating of “Moderate Buy” and a consensus price target of $220.00.

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.