Hollencrest Capital Management Buys 1,428 Shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Hollencrest Capital Management grew its stake in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 71.5% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 3,425 shares of the semiconductor company’s stock after acquiring an additional 1,428 shares during the period. Hollencrest Capital Management’s holdings in Taiwan Semiconductor Manufacturing were worth $595,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Capital International Investors increased its holdings in Taiwan Semiconductor Manufacturing by 40.2% in the 1st quarter. Capital International Investors now owns 19,695,714 shares of the semiconductor company’s stock worth $2,679,602,000 after acquiring an additional 5,643,949 shares during the last quarter. PineStone Asset Management Inc. increased its stake in shares of Taiwan Semiconductor Manufacturing by 116.3% in the second quarter. PineStone Asset Management Inc. now owns 7,784,316 shares of the semiconductor company’s stock worth $1,352,992,000 after purchasing an additional 4,186,133 shares in the last quarter. Clearbridge Investments LLC raised its position in shares of Taiwan Semiconductor Manufacturing by 669.7% in the second quarter. Clearbridge Investments LLC now owns 3,721,489 shares of the semiconductor company’s stock valued at $646,832,000 after purchasing an additional 3,237,998 shares during the period. 1832 Asset Management L.P. boosted its holdings in Taiwan Semiconductor Manufacturing by 1,226.7% in the 2nd quarter. 1832 Asset Management L.P. now owns 1,983,830 shares of the semiconductor company’s stock worth $344,809,000 after buying an additional 1,834,298 shares during the period. Finally, GQG Partners LLC grew its stake in Taiwan Semiconductor Manufacturing by 25.1% in the 1st quarter. GQG Partners LLC now owns 8,538,277 shares of the semiconductor company’s stock valued at $1,161,633,000 after buying an additional 1,710,673 shares in the last quarter. Institutional investors own 16.51% of the company’s stock.

Taiwan Semiconductor Manufacturing Price Performance

TSM opened at $201.20 on Friday. The company has a current ratio of 2.57, a quick ratio of 2.30 and a debt-to-equity ratio of 0.23. The stock has a market capitalization of $1.04 trillion, a P/E ratio of 32.24, a PEG ratio of 0.93 and a beta of 1.12. The stock has a 50-day moving average price of $183.11 and a 200-day moving average price of $170.07. Taiwan Semiconductor Manufacturing Company Limited has a 12-month low of $91.60 and a 12-month high of $212.60.

Taiwan Semiconductor Manufacturing Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 9th. Shareholders of record on Thursday, December 12th will be paid a dividend of $0.4871 per share. The ex-dividend date is Thursday, December 12th. This is an increase from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. This represents a $1.95 annualized dividend and a dividend yield of 0.97%. Taiwan Semiconductor Manufacturing’s dividend payout ratio (DPR) is 31.57%.

Wall Street Analyst Weigh In

TSM has been the topic of a number of recent research reports. StockNews.com raised Taiwan Semiconductor Manufacturing from a “hold” rating to a “buy” rating in a report on Saturday. TD Cowen boosted their price objective on shares of Taiwan Semiconductor Manufacturing from $130.00 to $170.00 and gave the company a “hold” rating in a research note on Thursday, July 18th. Barclays increased their target price on shares of Taiwan Semiconductor Manufacturing from $200.00 to $215.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 23rd. 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. Finally, Susquehanna reaffirmed a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a report on Friday, October 18th. One analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $209.00.

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.