KG&L Capital Management LLC Increases Stock Position in Taiwan Semiconductor Manufacturing Company Ltd. $TSM

KG&L Capital Management LLC boosted its holdings in shares of Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM) by 17.6% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 17,327 shares of the semiconductor company’s stock after buying an additional 2,597 shares during the quarter. Taiwan Semiconductor Manufacturing makes up approximately 1.3% of KG&L Capital Management LLC’s investment portfolio, making the stock its 17th biggest holding. KG&L Capital Management LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $4,839,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the stock. D.A. Davidson & CO. increased its holdings in shares of Taiwan Semiconductor Manufacturing by 14.0% in the 3rd quarter. D.A. Davidson & CO. now owns 67,875 shares of the semiconductor company’s stock valued at $18,957,000 after acquiring an additional 8,331 shares during the period. Bigelow Investment Advisors LLC bought a new stake in Taiwan Semiconductor Manufacturing during the third quarter valued at about $260,000. CWA Asset Management Group LLC boosted its position in Taiwan Semiconductor Manufacturing by 35.0% during the third quarter. CWA Asset Management Group LLC now owns 5,363 shares of the semiconductor company’s stock valued at $1,498,000 after purchasing an additional 1,391 shares in the last quarter. Powers Advisory Group LLC grew its stake in Taiwan Semiconductor Manufacturing by 5.4% in the third quarter. Powers Advisory Group LLC now owns 1,117 shares of the semiconductor company’s stock valued at $312,000 after purchasing an additional 57 shares during the last quarter. Finally, LS Investment Advisors LLC raised its holdings in Taiwan Semiconductor Manufacturing by 6.7% in the third quarter. LS Investment Advisors LLC now owns 5,664 shares of the semiconductor company’s stock worth $1,582,000 after purchasing an additional 355 shares in the last quarter. Hedge funds and other institutional investors own 16.51% of the company’s stock.

Taiwan Semiconductor Manufacturing Trading Up 5.2%

NYSE TSM opened at $319.62 on Monday. Taiwan Semiconductor Manufacturing Company Ltd. has a 12-month low of $134.25 and a 12-month high of $321.59. The company has a fifty day simple moving average of $293.53 and a two-hundred day simple moving average of $266.66. The company has a current ratio of 2.69, a quick ratio of 2.47 and a debt-to-equity ratio of 0.19. The stock has a market cap of $1.66 trillion, a P/E ratio of 32.78, a P/E/G ratio of 0.91 and a beta of 1.29.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last released its earnings results on Friday, November 14th. The semiconductor company reported $14.32 earnings per share (EPS) for the quarter. Taiwan Semiconductor Manufacturing had a return on equity of 34.34% and a net margin of 43.72%. On average, analysts forecast that Taiwan Semiconductor Manufacturing Company Ltd. will post 9.2 earnings per share for the current year.

Taiwan Semiconductor Manufacturing Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 9th. Stockholders of record on Tuesday, March 17th will be paid a $0.9678 dividend. The ex-dividend date is Tuesday, March 17th. This is a positive change from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.83. This represents a $3.87 annualized dividend and a dividend yield of 1.2%. Taiwan Semiconductor Manufacturing’s dividend payout ratio (DPR) is 25.85%.

Analyst Ratings Changes

Several analysts have commented on TSM shares. Barclays increased their price target on shares of Taiwan Semiconductor Manufacturing from $330.00 to $355.00 and gave the company an “overweight” rating in a research report on Friday, October 17th. Citigroup reissued a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a research report on Friday, October 17th. Wall Street Zen lowered shares of Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a report on Saturday. Sanford C. Bernstein reaffirmed an “outperform” rating on shares of Taiwan Semiconductor Manufacturing in a research report on Friday. Finally, Susquehanna raised their price objective on Taiwan Semiconductor Manufacturing from $300.00 to $400.00 and gave the stock a “positive” rating in a research report on Friday, October 10th. Eight equities research analysts have rated the stock with a Buy rating, According to MarketBeat, the company has an average rating of “Buy” and an average target price of $355.00.

Taiwan Semiconductor Manufacturing Profile

Taiwan Semiconductor Manufacturing Company (TSMC) is a leading pure-play semiconductor foundry that provides wafer fabrication and related services to the global semiconductor industry. Founded in 1987 by Morris Chang and headquartered in Hsinchu, Taiwan, TSMC manufactures integrated circuits on behalf of fabless and integrated device manufacturers, offering contract chip production across a broad set of technologies and products.

TSMC’s service offering covers logic and mixed-signal process technologies, specialty processes for radio-frequency, power management and embedded memory, and advanced nodes used in mobile, high-performance computing and AI applications.