Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) is Andar Capital Management HK Ltd’s 5th Largest Position

Andar Capital Management HK Ltd boosted its stake in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 90.6% in the 4th quarter, HoldingsChannel reports. The fund owned 32,400 shares of the semiconductor company’s stock after buying an additional 15,400 shares during the quarter. Taiwan Semiconductor Manufacturing accounts for 8.3% of Andar Capital Management HK Ltd’s portfolio, making the stock its 5th biggest position. Andar Capital Management HK Ltd’s holdings in Taiwan Semiconductor Manufacturing were worth $6,399,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the stock. Stonebridge Financial Group LLC purchased a new stake in Taiwan Semiconductor Manufacturing in the 4th quarter worth approximately $25,000. IMG Wealth Management Inc. purchased a new stake in Taiwan Semiconductor Manufacturing in the 4th quarter worth approximately $26,000. Hopwood Financial Services Inc. purchased a new stake in Taiwan Semiconductor Manufacturing in the 4th quarter worth approximately $27,000. Roxbury Financial LLC purchased a new stake in Taiwan Semiconductor Manufacturing in the 4th quarter worth approximately $29,000. Finally, Endeavor Private Wealth Inc. bought a new position in shares of Taiwan Semiconductor Manufacturing in the 4th quarter worth approximately $40,000. 16.51% of the stock is currently owned by hedge funds and other institutional investors.

Taiwan Semiconductor Manufacturing Stock Down 1.8 %

TSM stock opened at $173.09 on Wednesday. Taiwan Semiconductor Manufacturing Company Limited has a twelve month low of $125.78 and a twelve month high of $226.40. The company has a quick ratio of 2.30, a current ratio of 2.57 and a debt-to-equity ratio of 0.24. The firm has a market cap of $897.70 billion, a PE ratio of 24.59, a price-to-earnings-growth ratio of 0.66 and a beta of 1.13. The business has a 50 day moving average of $197.58 and a 200 day moving average of $192.08.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last posted its quarterly earnings data on Thursday, January 16th. The semiconductor company reported $2.24 earnings per share for the quarter, beating analysts’ consensus estimates of $2.16 by $0.08. Taiwan Semiconductor Manufacturing had a return on equity of 30.47% and a net margin of 40.51%. On average, research analysts forecast that Taiwan Semiconductor Manufacturing Company Limited will post 9.2 EPS for the current fiscal year.

Taiwan Semiconductor Manufacturing Increases Dividend

The firm also recently announced 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 annualized dividend and a yield of 1.58%. 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 (DPR) is currently 30.68%.

Analysts Set New Price Targets

TSM has been the subject of several research reports. Barclays increased their target price on Taiwan Semiconductor Manufacturing from $240.00 to $255.00 and gave the stock an “overweight” rating in a research report on Friday, January 17th. StockNews.com lowered Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a research report on Tuesday, January 28th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $225.00 target price on shares of Taiwan Semiconductor Manufacturing in a research report on Tuesday, February 18th. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, Taiwan Semiconductor Manufacturing presently has an average 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.