Harfst & Associates Inc. Takes $222,000 Position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Harfst & Associates Inc. purchased a new position in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,125 shares of the semiconductor company’s stock, valued at approximately $222,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Nwam LLC increased its position in Taiwan Semiconductor Manufacturing by 5.8% during the fourth quarter. Nwam LLC now owns 29,722 shares of the semiconductor company’s stock worth $5,870,000 after purchasing an additional 1,638 shares during the last quarter. SRN Advisors LLC increased its position in Taiwan Semiconductor Manufacturing by 9.0% during the fourth quarter. SRN Advisors LLC now owns 6,067 shares of the semiconductor company’s stock worth $1,198,000 after purchasing an additional 500 shares during the last quarter. NewEdge Wealth LLC grew its stake in Taiwan Semiconductor Manufacturing by 1.8% during the fourth quarter. NewEdge Wealth LLC now owns 54,959 shares of the semiconductor company’s stock worth $10,854,000 after buying an additional 951 shares during the period. Simmons Bank grew its stake in Taiwan Semiconductor Manufacturing by 8.5% during the fourth quarter. Simmons Bank now owns 1,705 shares of the semiconductor company’s stock worth $337,000 after buying an additional 134 shares during the period. Finally, Red Crane Wealth Management LLC purchased a new stake in Taiwan Semiconductor Manufacturing during the fourth quarter worth approximately $320,000. Institutional investors and hedge funds own 16.51% of the company’s stock.

Taiwan Semiconductor Manufacturing Trading Up 2.8 %

NYSE TSM opened at $194.70 on Thursday. Taiwan Semiconductor Manufacturing Company Limited has a 12 month low of $125.78 and a 12 month high of $226.40. 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 company has a market capitalization of $1.01 trillion, a price-to-earnings ratio of 27.66, a price-to-earnings-growth ratio of 0.66 and a beta of 1.06. The company’s fifty day moving average price is $205.35 and its two-hundred day moving average price is $191.44.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last posted its quarterly earnings data on Thursday, January 16th. The semiconductor company reported $2.24 EPS for the quarter, beating 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%. As a group, research analysts predict that Taiwan Semiconductor Manufacturing Company Limited will post 9.2 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 paid a dividend of $0.6855 per share. This represents a $2.74 dividend on an annualized basis and a yield of 1.41%. This is an increase from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.55. The ex-dividend date of this dividend is Thursday, June 12th. Taiwan Semiconductor Manufacturing’s dividend payout ratio is 31.11%.

Wall Street Analyst Weigh In

TSM has been the subject of several analyst reports. StockNews.com downgraded shares of Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a research note on Tuesday, January 28th. Needham & Company LLC restated a “buy” rating and issued a $225.00 target price on shares of Taiwan Semiconductor Manufacturing in a research note on Tuesday, February 18th. Finally, Barclays upped their target price on shares of Taiwan Semiconductor Manufacturing from $240.00 to $255.00 and gave the company an “overweight” rating in a research note on Friday, January 17th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $220.00.

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.