Oriental Harbor Investment Fund Makes New Investment in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Oriental Harbor Investment Fund bought a new stake in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) during the fourth quarter, Holdings Channel reports. The institutional investor bought 165,797 shares of the semiconductor company’s stock, valued at approximately $32,743,000. Taiwan Semiconductor Manufacturing accounts for 3.3% of Oriental Harbor Investment Fund’s holdings, making the stock its 11th largest holding.

A number of other hedge funds have also made changes to their positions in TSM. Reston Wealth Management LLC bought a new stake in shares of Taiwan Semiconductor Manufacturing during the 3rd quarter worth about $25,000. Valley Wealth Managers Inc. bought a new stake in Taiwan Semiconductor Manufacturing during the second quarter valued at about $27,000. Fairscale Capital LLC acquired a new stake in shares of Taiwan Semiconductor Manufacturing in the second quarter valued at about $32,000. Sugarloaf Wealth Management LLC increased its stake in shares of Taiwan Semiconductor Manufacturing by 77.1% in the third quarter. Sugarloaf Wealth Management LLC now owns 186 shares of the semiconductor company’s stock worth $32,000 after purchasing an additional 81 shares during the period. Finally, Archer Investment Corp lifted its position in shares of Taiwan Semiconductor Manufacturing by 48.1% during the 3rd quarter. Archer Investment Corp now owns 191 shares of the semiconductor company’s stock worth $33,000 after purchasing an additional 62 shares during the last quarter. 16.51% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on TSM. Needham & Company LLC reissued a “buy” rating and issued a $210.00 price objective on shares of Taiwan Semiconductor Manufacturing in a research report on Thursday, October 17th. Susquehanna reaffirmed a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a research report on Friday, October 18th. Barclays lifted their target price on Taiwan Semiconductor Manufacturing from $215.00 to $240.00 and gave the stock an “overweight” rating in a research report on Monday, November 18th. Finally, StockNews.com cut Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a report on Sunday, November 17th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, Taiwan Semiconductor Manufacturing has a consensus rating of “Moderate Buy” and a consensus target price of $214.00.

Taiwan Semiconductor Manufacturing Price Performance

TSM stock traded down $3.86 during trading on Wednesday, hitting $207.56. The company had a trading volume of 7,209,933 shares, compared to its average volume of 13,918,865. The company has a fifty day moving average price of $196.05 and a two-hundred day moving average price of $182.61. Taiwan Semiconductor Manufacturing Company Limited has a fifty-two week low of $99.98 and a fifty-two week high of $222.20. The company has a market cap of $1.08 trillion, a P/E ratio of 33.26, a P/E/G ratio of 0.93 and a beta of 1.07. 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 issued its earnings results on Thursday, October 17th. The semiconductor company reported $1.94 EPS for the quarter, beating the consensus estimate of $1.74 by $0.20. The company had revenue of $23.50 billion for the quarter, compared to the consensus estimate of $22.72 billion. Taiwan Semiconductor Manufacturing had a net margin of 39.10% and a return on equity of 27.44%. Equities research analysts expect that Taiwan Semiconductor Manufacturing Company Limited will post 6.95 earnings per share for the current fiscal year.

Taiwan Semiconductor Manufacturing Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 10th. Stockholders of record on Tuesday, March 18th will be paid a $0.5484 dividend. The ex-dividend date is Tuesday, March 18th. This represents a $2.19 dividend on an annualized basis and a dividend yield of 1.06%. This is a boost from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. Taiwan Semiconductor Manufacturing’s payout ratio is 35.10%.

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.