Belvedere Trading LLC Makes New Investment in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Belvedere Trading LLC bought a new position in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) in the 4th quarter, HoldingsChannel reports. The fund bought 1,150 shares of the semiconductor company’s stock, valued at approximately $227,000.

Several other hedge funds and other institutional investors have also made changes to their positions in TSM. AMF Tjanstepension AB boosted its stake in shares of Taiwan Semiconductor Manufacturing by 4.8% in the third quarter. AMF Tjanstepension AB now owns 1,533,207 shares of the semiconductor company’s stock valued at $266,300,000 after purchasing an additional 70,057 shares during the period. Capital Investment Advisors LLC boosted its stake in shares of Taiwan Semiconductor Manufacturing by 20.8% in the third quarter. Capital Investment Advisors LLC now owns 3,145 shares of the semiconductor company’s stock valued at $546,000 after purchasing an additional 541 shares during the period. Vest Financial LLC purchased a new position in shares of Taiwan Semiconductor Manufacturing in the third quarter valued at approximately $1,373,000. Carrhae Capital LLP boosted its stake in shares of Taiwan Semiconductor Manufacturing by 24.0% in the third quarter. Carrhae Capital LLP now owns 363,263 shares of the semiconductor company’s stock valued at $63,088,000 after purchasing an additional 70,249 shares during the period. Finally, Koss Olinger Consulting LLC boosted its stake in shares of Taiwan Semiconductor Manufacturing by 12.9% in the third quarter. Koss Olinger Consulting LLC now owns 3,445 shares of the semiconductor company’s stock valued at $598,000 after purchasing an additional 394 shares during the period. Hedge funds and other institutional investors own 16.51% of the company’s stock.

Taiwan Semiconductor Manufacturing Stock Up 1.0 %

TSM stock opened at $203.77 on Tuesday. 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 Company Limited has a twelve month low of $122.91 and a twelve month high of $226.40. The company’s 50 day moving average is $205.26 and its two-hundred day moving average is $189.38. The stock has a market cap of $1.06 trillion, a P/E ratio of 28.94, a PEG ratio of 0.70 and a beta of 1.06.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last released its quarterly earnings data on Thursday, January 16th. The semiconductor company reported $2.24 earnings per share for the quarter, topping analysts’ consensus estimates of $2.16 by $0.08. Taiwan Semiconductor Manufacturing had a net margin of 40.51% and a return on equity of 30.47%. Research analysts expect that Taiwan Semiconductor Manufacturing Company Limited will post 9.12 earnings per share for the current fiscal year.

Taiwan Semiconductor Manufacturing Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 10th. Shareholders of record on Thursday, June 12th will be issued a dividend of $0.6855 per share. The ex-dividend date is Thursday, June 12th. This represents a $2.74 dividend on an annualized basis and a yield of 1.35%. This is a boost from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.55. Taiwan Semiconductor Manufacturing’s dividend payout ratio (DPR) is presently 27.27%.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on TSM shares. StockNews.com downgraded shares of Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a research note on Tuesday, January 28th. Barclays lifted their price target on shares of Taiwan Semiconductor Manufacturing from $240.00 to $255.00 and gave the stock an “overweight” rating in a research note on Friday, January 17th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $225.00 price target on shares of Taiwan Semiconductor Manufacturing in a research note on Thursday, January 16th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Taiwan Semiconductor Manufacturing presently has a consensus rating of “Moderate Buy” and a consensus price target of $220.00.

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.