HF Advisory Group LLC Has $2.48 Million Holdings in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

HF Advisory Group LLC increased its stake in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 2.0% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 14,922 shares of the semiconductor company’s stock after acquiring an additional 287 shares during the period. Taiwan Semiconductor Manufacturing accounts for about 1.1% of HF Advisory Group LLC’s holdings, making the stock its 28th largest position. HF Advisory Group LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $2,477,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Bay Rivers Group grew its position in shares of Taiwan Semiconductor Manufacturing by 30.4% in the first quarter. Bay Rivers Group now owns 2,059 shares of the semiconductor company’s stock valued at $342,000 after purchasing an additional 480 shares during the last quarter. Channel Wealth LLC grew its holdings in Taiwan Semiconductor Manufacturing by 28.2% in the 1st quarter. Channel Wealth LLC now owns 2,872 shares of the semiconductor company’s stock valued at $477,000 after buying an additional 632 shares during the last quarter. Matrix Trust Co increased its position in Taiwan Semiconductor Manufacturing by 53.0% in the 1st quarter. Matrix Trust Co now owns 1,314 shares of the semiconductor company’s stock worth $218,000 after buying an additional 455 shares during the period. Secure Asset Management LLC lifted its holdings in shares of Taiwan Semiconductor Manufacturing by 50.5% during the first quarter. Secure Asset Management LLC now owns 14,394 shares of the semiconductor company’s stock worth $2,389,000 after buying an additional 4,832 shares during the last quarter. Finally, Benson Investment Management Company Inc. bought a new stake in shares of Taiwan Semiconductor Manufacturing in the first quarter valued at approximately $5,381,000. 16.51% of the stock is currently owned by institutional investors and hedge funds.

Taiwan Semiconductor Manufacturing Stock Performance

NYSE:TSM opened at $202.39 on Thursday. The stock has a market capitalization of $1.05 trillion, a P/E ratio of 28.75, a price-to-earnings-growth ratio of 0.66 and a beta of 1.21. Taiwan Semiconductor Manufacturing Company Limited has a 1 year low of $133.57 and a 1 year high of $226.40. The firm has a 50 day moving average of $172.79 and a 200-day moving average of $187.66. 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 released its quarterly earnings results on Thursday, April 17th. The semiconductor company reported $2.12 EPS for the quarter, beating the consensus estimate of $2.03 by $0.09. The business had revenue of $25.82 billion for the quarter, compared to analysts’ expectations of $834.10 billion. Taiwan Semiconductor Manufacturing had a net margin of 40.51% and a return on equity of 30.47%. As a group, sell-side analysts anticipate that Taiwan Semiconductor Manufacturing Company Limited will post 9.2 EPS for the current fiscal year.

Taiwan Semiconductor Manufacturing Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 9th. Shareholders of record on Tuesday, September 16th will be paid a $0.6499 dividend. This represents a $2.60 annualized dividend and a yield of 1.28%. The ex-dividend date is Tuesday, September 16th. Taiwan Semiconductor Manufacturing’s payout ratio is 30.46%.

Analyst Ratings Changes

A number of brokerages have recently commented on TSM. Citigroup reaffirmed a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a research report on Thursday, May 22nd. Susquehanna restated a “positive” rating on shares of Taiwan Semiconductor Manufacturing in a research note on Friday, April 25th. Barclays lifted their price target on shares of Taiwan Semiconductor Manufacturing from $215.00 to $240.00 and gave the stock an “overweight” rating in a research note on Tuesday. Finally, Needham & Company LLC reissued a “buy” rating and issued a $225.00 price target on shares of Taiwan Semiconductor Manufacturing in a report on Thursday, April 17th. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $217.00.

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.