Birch Capital Management LLC Acquires 85 Shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Birch Capital Management LLC increased its holdings in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 0.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,345 shares of the semiconductor company’s stock after purchasing an additional 85 shares during the period. Taiwan Semiconductor Manufacturing makes up 1.9% of Birch Capital Management LLC’s portfolio, making the stock its 21st biggest position. Birch Capital Management LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $3,820,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. Reston Wealth Management LLC acquired a new position in shares of Taiwan Semiconductor Manufacturing in the third quarter valued at approximately $25,000. Valley Wealth Managers Inc. bought a new position in Taiwan Semiconductor Manufacturing during the 2nd quarter worth about $27,000. Fairscale Capital LLC bought a new stake in shares of Taiwan Semiconductor Manufacturing in the second quarter valued at about $32,000. Sugarloaf Wealth Management LLC grew its holdings in shares of Taiwan Semiconductor Manufacturing by 77.1% during the third quarter. Sugarloaf Wealth Management LLC now owns 186 shares of the semiconductor company’s stock worth $32,000 after buying an additional 81 shares in the last quarter. Finally, Archer Investment Corp raised its position in Taiwan Semiconductor Manufacturing by 48.1% in the 3rd quarter. Archer Investment Corp now owns 191 shares of the semiconductor company’s stock valued at $33,000 after buying an additional 62 shares during the last quarter. 16.51% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

Taiwan Semiconductor Manufacturing Price Performance

Taiwan Semiconductor Manufacturing stock traded down $6.90 during mid-day trading on Tuesday, reaching $213.11. The company had a trading volume of 12,608,091 shares, compared to its average volume of 14,453,615. The business has a fifty day simple moving average of $195.75 and a 200 day simple moving average of $182.34. The company has a market cap of $1.11 trillion, a P/E ratio of 34.15, a P/E/G ratio of 0.93 and a beta of 1.07. The company has a current ratio of 2.57, a quick ratio of 2.30 and a debt-to-equity ratio of 0.24. Taiwan Semiconductor Manufacturing Company Limited has a fifty-two week low of $99.98 and a fifty-two week high of $222.20.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last issued 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 return on equity of 27.44% and a net margin of 39.10%. The business had revenue of $23.50 billion during the quarter, compared to analysts’ expectations of $22.72 billion. On average, equities research analysts predict that Taiwan Semiconductor Manufacturing Company Limited will post 6.95 earnings per share for the current year.

Taiwan Semiconductor Manufacturing Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 10th. Stockholders of record on Tuesday, March 18th will be paid a $0.5484 dividend. This is a boost from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. The ex-dividend date is Tuesday, March 18th. This represents a $2.19 annualized dividend and a dividend yield of 1.03%. Taiwan Semiconductor Manufacturing’s dividend payout ratio is presently 35.10%.

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.