Overbrook Management Corp Makes New Investment in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Overbrook Management Corp bought a new position in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 51,603 shares of the semiconductor company’s stock, valued at approximately $8,962,000. Taiwan Semiconductor Manufacturing makes up approximately 2.1% of Overbrook Management Corp’s investment portfolio, making the stock its 21st largest position.

A number of other institutional investors and hedge funds have also modified their holdings of the stock. ProShare Advisors LLC purchased a new stake in Taiwan Semiconductor Manufacturing during the 1st quarter valued at about $210,000. Crewe Advisors LLC purchased a new stake in Taiwan Semiconductor Manufacturing during the 1st quarter valued at about $100,000. CreativeOne Wealth LLC grew its stake in Taiwan Semiconductor Manufacturing by 25.8% during the 1st quarter. CreativeOne Wealth LLC now owns 4,208 shares of the semiconductor company’s stock valued at $573,000 after acquiring an additional 863 shares in the last quarter. EP Wealth Advisors LLC grew its stake in Taiwan Semiconductor Manufacturing by 5.8% during the 1st quarter. EP Wealth Advisors LLC now owns 14,511 shares of the semiconductor company’s stock valued at $1,974,000 after acquiring an additional 794 shares in the last quarter. Finally, Axxcess Wealth Management LLC purchased a new stake in Taiwan Semiconductor Manufacturing during the 1st quarter valued at about $976,000. Hedge funds and other institutional investors own 16.51% of the company’s stock.

Analyst Ratings Changes

TSM has been the subject of several research reports. 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 research note on Monday. Susquehanna reissued a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a research note on Friday, October 18th. Needham & Company LLC reissued a “buy” rating and issued a $210.00 price target on shares of Taiwan Semiconductor Manufacturing in a research note on Thursday, October 17th. Finally, StockNews.com cut shares of Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a research note on Sunday. 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, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $214.00.

Taiwan Semiconductor Manufacturing Price Performance

Taiwan Semiconductor Manufacturing stock opened at $188.41 on Thursday. The firm has a market cap of $977.17 billion, a PE ratio of 30.19, a price-to-earnings-growth ratio of 0.87 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 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’s 50 day moving average is $187.19 and its two-hundred day moving average is $173.23.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last released its earnings results on Thursday, October 17th. The semiconductor company reported $1.94 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.74 by $0.20. Taiwan Semiconductor Manufacturing had a net margin of 39.10% and a return on equity of 27.44%. The company had revenue of $23.50 billion for the quarter, compared to analyst estimates of $22.72 billion. On average, research analysts expect that Taiwan Semiconductor Manufacturing Company Limited will post 6.95 EPS for the current fiscal year.

Taiwan Semiconductor Manufacturing Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 10th. Stockholders of record on Tuesday, March 18th will be issued a $0.5484 dividend. This represents a $2.19 dividend on an annualized basis and a dividend yield of 1.16%. This is a positive change from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. The ex-dividend date of this dividend is Tuesday, March 18th. Taiwan Semiconductor Manufacturing’s dividend payout ratio (DPR) is presently 31.57%.

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.