Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) Shares Acquired by Caprock Group LLC

Caprock Group LLC increased its holdings in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 1.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 62,676 shares of the semiconductor company’s stock after acquiring an additional 1,027 shares during the quarter. Caprock Group LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $10,925,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Atlantic Edge Private Wealth Management LLC acquired a new position in Taiwan Semiconductor Manufacturing in the 2nd quarter valued at about $25,000. Reston Wealth Management LLC acquired a new stake in shares of Taiwan Semiconductor Manufacturing during the third quarter worth $25,000. Olistico Wealth LLC purchased a new position in Taiwan Semiconductor Manufacturing in the 2nd quarter valued at $27,000. Valley Wealth Managers Inc. acquired a new position in Taiwan Semiconductor Manufacturing in the 2nd quarter valued at $27,000. Finally, NewSquare Capital LLC purchased a new position in Taiwan Semiconductor Manufacturing during the 2nd quarter worth $29,000. Hedge funds and other institutional investors own 16.51% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. Barclays lifted their price objective on Taiwan Semiconductor Manufacturing from $215.00 to $240.00 and gave the company an “overweight” rating in a report on Monday. StockNews.com cut shares of Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a research note on Sunday. Susquehanna reiterated a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a research note on Friday, October 18th. Finally, Needham & Company LLC restated a “buy” rating and set a $210.00 target price on shares of Taiwan Semiconductor Manufacturing in a research report on Thursday, October 17th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $214.00.

Taiwan Semiconductor Manufacturing Trading Up 0.8 %

NYSE:TSM opened at $187.44 on Tuesday. The company has a market capitalization of $972.14 billion, a PE ratio of 30.04, a price-to-earnings-growth ratio of 0.87 and a beta of 1.12. Taiwan Semiconductor Manufacturing Company Limited has a 52-week low of $95.25 and a 52-week high of $212.60. The stock has a fifty day simple moving average of $186.28 and a 200-day simple moving average of $172.79. 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 (NYSE:TSM) last released its quarterly earnings results on Thursday, October 17th. The semiconductor company reported $1.94 earnings per share for the quarter, topping the consensus estimate of $1.74 by $0.20. Taiwan Semiconductor Manufacturing had a return on equity of 27.44% and a net margin of 39.10%. The company had revenue of $23.50 billion during the quarter, compared to the consensus estimate of $22.72 billion. On average, equities research analysts expect that Taiwan Semiconductor Manufacturing Company Limited will post 6.84 earnings per share for the current fiscal year.

Taiwan Semiconductor Manufacturing Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 10th. Shareholders of record on Tuesday, March 18th will be paid a $0.5484 dividend. This represents a $2.19 dividend on an annualized basis and a yield of 1.17%. This is a positive change from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. The ex-dividend date is Tuesday, March 18th. Taiwan Semiconductor Manufacturing’s dividend payout ratio (DPR) is presently 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.