Naples Money Management LLC Purchases New Shares in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Naples Money Management LLC purchased a new stake in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 23,280 shares of the semiconductor company’s stock, valued at approximately $2,421,000. Taiwan Semiconductor Manufacturing makes up about 2.3% of Naples Money Management LLC’s investment portfolio, making the stock its 17th largest position.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. PCA Investment Advisory Services Inc. acquired a new stake in Taiwan Semiconductor Manufacturing during the 2nd quarter valued at $29,000. Farmers & Merchants Investments Inc. acquired a new stake in shares of Taiwan Semiconductor Manufacturing in the 4th quarter valued at $31,000. Creative Financial Designs Inc. ADV increased its stake in shares of Taiwan Semiconductor Manufacturing by 108.7% in the 4th quarter. Creative Financial Designs Inc. ADV now owns 311 shares of the semiconductor company’s stock valued at $32,000 after buying an additional 162 shares during the period. Financial Gravity Asset Management Inc. increased its stake in shares of Taiwan Semiconductor Manufacturing by 208.9% in the 3rd quarter. Financial Gravity Asset Management Inc. now owns 312 shares of the semiconductor company’s stock valued at $27,000 after buying an additional 211 shares during the period. Finally, Retirement Group LLC increased its stake in shares of Taiwan Semiconductor Manufacturing by 82.5% in the 2nd quarter. Retirement Group LLC now owns 334 shares of the semiconductor company’s stock valued at $34,000 after buying an additional 151 shares during the period. 16.51% of the stock is owned by institutional investors and hedge funds.

Taiwan Semiconductor Manufacturing Trading Down 3.4 %

Shares of NYSE:TSM traded down $4.56 during midday trading on Friday, hitting $127.71. The company had a trading volume of 28,249,516 shares, compared to its average volume of 15,875,887. Taiwan Semiconductor Manufacturing Company Limited has a 12 month low of $81.21 and a 12 month high of $158.40. The company has a current ratio of 2.40, a quick ratio of 2.13 and a debt-to-equity ratio of 0.26. The stock has a market cap of $662.36 billion, a price-to-earnings ratio of 24.65, a PEG ratio of 1.06 and a beta of 1.15. The firm has a fifty day simple moving average of $136.61 and a 200 day simple moving average of $112.74.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last posted its earnings results on Thursday, January 18th. The semiconductor company reported $1.44 earnings per share for the quarter, topping the consensus estimate of $1.37 by $0.07. The firm had revenue of $19.62 billion for the quarter, compared to analyst estimates of $18.99 billion. Taiwan Semiconductor Manufacturing had a return on equity of 25.24% and a net margin of 38.80%. On average, analysts predict that Taiwan Semiconductor Manufacturing Company Limited will post 6.15 EPS for the current year.

Taiwan Semiconductor Manufacturing Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 11th. Shareholders of record on Thursday, June 13th will be issued a dividend of $0.4408 per share. The ex-dividend date is Thursday, June 13th. This represents a $1.76 annualized dividend and a yield of 1.38%. Taiwan Semiconductor Manufacturing’s dividend payout ratio is presently 33.20%.

Analyst Ratings Changes

TSM has been the subject of several research reports. Needham & Company LLC reissued a “buy” rating and issued a $168.00 target price on shares of Taiwan Semiconductor Manufacturing in a research note on Thursday. TD Cowen lifted their target price on Taiwan Semiconductor Manufacturing from $100.00 to $130.00 and gave the company a “hold” rating in a research note on Thursday. Barclays lifted their target price on Taiwan Semiconductor Manufacturing from $145.00 to $150.00 and gave the company an “overweight” rating in a research note on Friday. StockNews.com upgraded Taiwan Semiconductor Manufacturing from a “hold” rating to a “buy” rating in a research report on Thursday, April 11th. Finally, Susquehanna raised their price target on Taiwan Semiconductor Manufacturing from $160.00 to $180.00 and gave the stock a “positive” rating in a research report on Tuesday, April 2nd. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $157.00.

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 complementary metal oxide silicon wafer fabrication processes to manufacture logic, mixed-signal, radio frequency, and embedded memory semiconductors.