DGS Capital Management LLC Acquires 1,682 Shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

DGS Capital Management LLC lifted its holdings in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 8.7% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 21,116 shares of the semiconductor company’s stock after acquiring an additional 1,682 shares during the quarter. Taiwan Semiconductor Manufacturing accounts for about 1.0% of DGS Capital Management LLC’s holdings, making the stock its 14th largest position. DGS Capital Management LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $3,667,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. FWG Holdings LLC grew its position in Taiwan Semiconductor Manufacturing by 1.6% during the third quarter. FWG Holdings LLC now owns 3,106 shares of the semiconductor company’s stock valued at $539,000 after buying an additional 50 shares during the period. Defender Capital LLC. grew its position in shares of Taiwan Semiconductor Manufacturing by 3.7% during the 3rd quarter. Defender Capital LLC. now owns 1,565 shares of the semiconductor company’s stock valued at $272,000 after acquiring an additional 56 shares during the period. Hardy Reed LLC increased its stake in shares of Taiwan Semiconductor Manufacturing by 1.2% during the 3rd quarter. Hardy Reed LLC now owns 4,635 shares of the semiconductor company’s stock worth $805,000 after purchasing an additional 56 shares during the last quarter. Logan Capital Management Inc. raised its holdings in shares of Taiwan Semiconductor Manufacturing by 20.1% in the 3rd quarter. Logan Capital Management Inc. now owns 334 shares of the semiconductor company’s stock worth $58,000 after purchasing an additional 56 shares during the period. Finally, Heron Bay Capital Management lifted its stake in Taiwan Semiconductor Manufacturing by 1.0% in the second quarter. Heron Bay Capital Management now owns 5,710 shares of the semiconductor company’s stock valued at $992,000 after purchasing an additional 59 shares during the last quarter. Hedge funds and other institutional investors own 16.51% of the company’s stock.

Taiwan Semiconductor Manufacturing Price Performance

NYSE:TSM traded up $10.02 during trading hours on Friday, hitting $201.48. 7,458,610 shares of the company’s stock traded hands, compared to its average volume of 15,086,305. The firm has a market cap of $1.04 trillion, a P/E ratio of 30.69, a P/E/G ratio of 0.90 and a beta of 1.09. 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 business’s fifty day simple moving average is $192.64 and its two-hundred day simple moving average is $177.70. Taiwan Semiconductor Manufacturing Company Limited has a 52 week low of $98.80 and a 52 week high of $212.60.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last announced its earnings results on Thursday, October 17th. The semiconductor company reported $1.94 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.74 by $0.20. The company had revenue of $23.50 billion during the quarter, compared to analyst estimates of $22.72 billion. Taiwan Semiconductor Manufacturing had a net margin of 39.10% and a return on equity of 27.44%. On average, research analysts anticipate that Taiwan Semiconductor Manufacturing Company Limited will post 6.97 earnings per share for the current fiscal year.

Taiwan Semiconductor Manufacturing Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 10th. Stockholders of record on Tuesday, March 18th will be paid a dividend of $0.5484 per share. This represents a $2.19 dividend on an annualized basis and a dividend yield of 1.09%. The ex-dividend date is Tuesday, March 18th. This is a positive change from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. Taiwan Semiconductor Manufacturing’s dividend payout ratio is 31.57%.

Analyst Ratings Changes

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

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.