Berbice Capital Management LLC Purchases Shares of 5,405 Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Berbice Capital Management LLC acquired a new stake in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) during the fourth quarter, Holdings Channel reports. The firm acquired 5,405 shares of the semiconductor company’s stock, valued at approximately $1,067,000. Taiwan Semiconductor Manufacturing comprises 0.9% of Berbice Capital Management LLC’s investment portfolio, making the stock its 21st largest holding.

A number of other hedge funds have also made changes to their positions in TSM. ProShare Advisors LLC boosted its stake in Taiwan Semiconductor Manufacturing by 25.2% in the 2nd quarter. ProShare Advisors LLC now owns 1,935 shares of the semiconductor company’s stock worth $336,000 after purchasing an additional 390 shares during the period. Xponance Inc. boosted its stake in Taiwan Semiconductor Manufacturing by 12.3% in the 2nd quarter. Xponance Inc. now owns 5,209 shares of the semiconductor company’s stock worth $905,000 after purchasing an additional 572 shares during the period. Abich Financial Wealth Management LLC lifted its position in Taiwan Semiconductor Manufacturing by 108.0% in the 2nd quarter. Abich Financial Wealth Management LLC now owns 208 shares of the semiconductor company’s stock worth $36,000 after buying an additional 108 shares in the last quarter. Armistice Capital LLC lifted its position in Taiwan Semiconductor Manufacturing by 7.1% in the 2nd quarter. Armistice Capital LLC now owns 60,000 shares of the semiconductor company’s stock worth $10,429,000 after buying an additional 4,000 shares in the last quarter. Finally, Ameriprise Financial Inc. lifted its position in Taiwan Semiconductor Manufacturing by 3.6% in the 2nd quarter. Ameriprise Financial Inc. now owns 3,647,985 shares of the semiconductor company’s stock worth $634,838,000 after buying an additional 125,204 shares in the last quarter. Institutional investors and hedge funds own 16.51% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. Needham & Company LLC reiterated a “buy” rating and issued a $225.00 target price on shares of Taiwan Semiconductor Manufacturing in a research report on Thursday, January 16th. Barclays lifted their target price on shares of Taiwan Semiconductor Manufacturing from $240.00 to $255.00 and gave the stock an “overweight” rating in a report on Friday, January 17th. StockNews.com upgraded shares of Taiwan Semiconductor Manufacturing from a “hold” rating to a “buy” rating in a report on Monday. Finally, Susquehanna reiterated a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a report on Friday, October 18th. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Taiwan Semiconductor Manufacturing currently has an average rating of “Moderate Buy” and a consensus price target of $220.00.

Taiwan Semiconductor Manufacturing Stock Performance

NYSE TSM opened at $221.84 on Friday. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.57 and a quick ratio of 2.30. The firm has a market capitalization of $1.15 trillion, a price-to-earnings ratio of 31.70, a P/E/G ratio of 0.74 and a beta of 1.07. The company’s fifty day moving average is $199.64 and its two-hundred day moving average is $185.24. Taiwan Semiconductor Manufacturing Company Limited has a 52-week low of $112.61 and a 52-week high of $225.75.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last announced its quarterly earnings results on Thursday, January 16th. The semiconductor company reported $2.24 EPS 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%. Equities research analysts forecast that Taiwan Semiconductor Manufacturing Company Limited will post 9.12 EPS for the current year.

Taiwan Semiconductor Manufacturing Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 10th. Shareholders of record on Tuesday, March 18th will be given a $0.5484 dividend. This represents a $2.19 dividend on an annualized basis and a yield of 0.99%. This is a boost 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 is 27.27%.

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.