Keystone Investors PTE Ltd. Increases Stake in Taiwan Semiconductor Manufacturing Company Limited

Keystone Investors PTE Ltd. has increased its investment in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 18.1% during the fourth quarter, as noted in a recent disclosure to the SEC. After purchasing an additional 6,469 shares, Keystone now holds a total of 42,205 shares in the semiconductor company. This investment in Taiwan Semiconductor accounts for approximately 0.6% of Keystone's overall portfolio, making it the firm’s 26th largest holding. At the end of the latest reporting period, the value of Keystone Investors PTE Ltd.'s holdings in Taiwan Semiconductor was around $8,335,000.

Big Money Flows into Taiwan Semiconductor Amid Chip Growth

Several other institutional investors have also adjusted their positions in Taiwan Semiconductor. Stonebridge Financial Group LLC acquired a new stake worth approximately $25,000 in the fourth quarter. Similarly, IMG Wealth Management Inc. made a new investment valued at about $26,000. Other entities, such as Hopwood Financial Services Inc. and Roxbury Financial LLC, have also entered new positions worth $27,000 and $29,000, respectively. CoreFirst Bank & Trust rounded out this group with a new investment valued at $39,000. Currently, institutional investors own 16.51% of Taiwan Semiconductor's stock.

Recent Analyst Upgrades

Various analysts have provided insights on Taiwan Semiconductor. On January 17th, Barclays raised its price target from $240.00 to $255.00 and designated the stock with an "overweight" rating. Meanwhile, on February 18th, Needham & Company LLC reaffirmed a "buy" rating, issuing a price target of $225.00. In contrast, StockNews.com downgraded the stock from a "buy" to a "hold" rating as of January 28th. Overall, two analysts rate the stock as a hold, whereas four have a buy rating. According to data from MarketBeat, the consensus rating for the stock stands at "Moderate Buy" with an average price target at $220.00.

Price Movement of Taiwan Semiconductor Manufacturing

Shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) opened at $181.29 on Tuesday. Over the last year, the stock has seen a low of $125.78 and a high of $226.40. The company has a debt-to-equity ratio of 0.24, a quick ratio of 2.30, and a current ratio of 2.57. Its 50-day simple moving average is $195.27, and the 200-day simple moving average is $192.45. With a market capitalization of $940.27 billion, the company's price-to-earnings ratio is 25.75, and its PEG ratio is 0.66, showing a beta of 1.13.

Taiwan Semiconductor last reported quarterly earnings on January 16th, where it announced an EPS of $2.24, surpassing analysts' expectations of $2.16. The company also boasted a return on equity of 30.47% and a net margin of 40.51%. Analysts currently anticipate that Taiwan Semiconductor Manufacturing Company Limited will achieve an earnings per share (EPS) of 9.2 in the upcoming financial year.

Dividend Increase Announced

The company recently declared a quarterly dividend set to be distributed on July 10th. Shareholders on record as of June 12th will receive a dividend of $0.6855, a rise from the previous amount of $0.55 per share. The ex-dividend date is also June 12th. This leads to an annualized dividend of $2.74, translating to a yield of 1.51%. The current payout ratio stands at 30.68%.

About Taiwan Semiconductor Manufacturing

Taiwan Semiconductor Manufacturing Company Limited, along with its subsidiaries, is engaged in the manufacturing, packaging, testing, and sale of integrated circuits and other semiconductor devices across various international markets including Taiwan, China, Europe, and the United States. They offer a diverse range of wafer fabrication processes essential for the production of complementary metal-oxide-semiconductor (CMOS) logic, mixed-signal technology, radio frequency components, and more.

investment, semiconductor, stocks