Hobbs Group Advisors LLC Has $601,000 Stock Position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Hobbs Group Advisors LLC raised its holdings in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 8.1% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 3,042 shares of the semiconductor company’s stock after buying an additional 227 shares during the quarter. Hobbs Group Advisors LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $601,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of TSM. Brooklyn Investment Group bought a new stake in Taiwan Semiconductor Manufacturing in the third quarter valued at $73,000. Cynosure Group LLC bought a new stake in Taiwan Semiconductor Manufacturing in the 3rd quarter valued at about $241,000. Blueshift Asset Management LLC acquired a new position in Taiwan Semiconductor Manufacturing during the 3rd quarter worth approximately $206,000. CreativeOne Wealth LLC boosted its holdings in Taiwan Semiconductor Manufacturing by 29.0% in the third quarter. CreativeOne Wealth LLC now owns 5,323 shares of the semiconductor company’s stock worth $925,000 after acquiring an additional 1,198 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Taiwan Semiconductor Manufacturing by 211.4% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 46,005 shares of the semiconductor company’s stock valued at $7,990,000 after acquiring an additional 31,231 shares during the period. 16.51% of the stock is currently owned by institutional investors.

Taiwan Semiconductor Manufacturing Stock Performance

NYSE TSM opened at $165.82 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 company has a fifty day moving average price of $192.35 and a 200-day moving average price of $192.34. Taiwan Semiconductor Manufacturing Company Limited has a 1 year low of $125.78 and a 1 year high of $226.40. The firm has a market cap of $860.00 billion, a price-to-earnings ratio of 23.55, a PEG ratio of 0.66 and a beta of 1.13.

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 the consensus estimate 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, equities research analysts predict 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. Stockholders of record on Thursday, June 12th will be given a dividend of $0.6855 per share. The ex-dividend date of this dividend is Thursday, June 12th. This is a positive change from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.55. This represents a $2.74 annualized dividend and a dividend yield of 1.65%. Taiwan Semiconductor Manufacturing’s dividend payout ratio (DPR) is currently 30.68%.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the stock. Barclays lifted their price target on shares of Taiwan Semiconductor Manufacturing from $240.00 to $255.00 and gave the company an “overweight” rating in a research report on Friday, January 17th. Needham & Company LLC reiterated a “buy” rating and set a $225.00 price objective on shares of Taiwan Semiconductor Manufacturing in a report on Tuesday, February 18th. Finally, StockNews.com lowered shares of Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a report on Tuesday, January 28th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $220.00.

About Taiwan Semiconductor Manufacturing

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.