Brooklyn Investment Group Makes New Investment in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Brooklyn Investment Group bought a new position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 422 shares of the semiconductor company’s stock, valued at approximately $73,000.

Several other hedge funds have also recently modified their holdings of the business. Atlantic Edge Private Wealth Management LLC purchased a new stake in Taiwan Semiconductor Manufacturing during the second quarter valued at approximately $25,000. Reston Wealth Management LLC purchased a new stake in Taiwan Semiconductor Manufacturing during the third quarter valued at approximately $25,000. Olistico Wealth LLC purchased a new position in shares of Taiwan Semiconductor Manufacturing in the second quarter worth $27,000. Valley Wealth Managers Inc. purchased a new position in shares of Taiwan Semiconductor Manufacturing in the second quarter worth $27,000. Finally, NewSquare Capital LLC purchased a new position in shares of Taiwan Semiconductor Manufacturing in the second quarter worth $29,000. Hedge funds and other institutional investors own 16.51% of the company’s stock.

Taiwan Semiconductor Manufacturing Stock Performance

TSM opened at $181.19 on Friday. 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 company has a market cap of $939.73 billion, a price-to-earnings ratio of 29.04, a PEG ratio of 0.85 and a beta of 1.12. Taiwan Semiconductor Manufacturing Company Limited has a 52-week low of $95.25 and a 52-week high of $212.60. The firm’s fifty day simple moving average is $188.95 and its two-hundred day simple moving average is $174.75.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last posted its quarterly earnings data on Thursday, October 17th. The semiconductor company reported $1.94 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.74 by $0.20. The business had revenue of $23.50 billion for the quarter, compared to the consensus estimate of $22.72 billion. Taiwan Semiconductor Manufacturing had a net margin of 39.10% and a return on equity of 27.44%. Equities analysts anticipate that Taiwan Semiconductor Manufacturing Company Limited will post 6.95 earnings per share for the current fiscal year.

Taiwan Semiconductor Manufacturing Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 10th. Shareholders of record on Tuesday, March 18th will be paid a dividend of $0.5484 per share. The ex-dividend date is Tuesday, March 18th. This is an increase from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. This represents a $2.19 dividend on an annualized basis and a yield of 1.21%. Taiwan Semiconductor Manufacturing’s payout ratio is 31.57%.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on TSM. StockNews.com cut shares of Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a report on Sunday, November 17th. Barclays raised their price target on shares of Taiwan Semiconductor Manufacturing from $215.00 to $240.00 and gave the stock an “overweight” rating in a report on Monday, November 18th. Susquehanna reaffirmed a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a report on Friday, October 18th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $210.00 price objective on shares of Taiwan Semiconductor Manufacturing in a research note on Thursday, October 17th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, Taiwan Semiconductor Manufacturing has an average rating of “Moderate Buy” and an average target price of $214.00.

Taiwan Semiconductor Manufacturing 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.