Brooklyn Investment Group Increases Stake in Taiwan Semiconductor Manufacturing Company

Brooklyn Investment Group has significantly increased its stake in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by an impressive 530.3% during the fourth quarter. This information was revealed in their most recent filing with the Securities and Exchange Commission. Following this substantial investment, the institutional investor now holds 2,660 shares of the semiconductor manufacturer after purchasing an additional 2,238 shares during that period. As of the end of the last quarter, Brooklyn Investment Group's holdings in Taiwan Semiconductor Manufacturing were valued at approximately $525,000.

Other Institutional Investors Adjust Their Holdings

In addition to Brooklyn Investment Group, several other institutional investors and hedge funds have modified their positions in Taiwan Semiconductor Manufacturing's stock. For instance, FWG Holdings LLC enhanced its holdings by 1.6% during the third quarter, presently owning 3,106 shares valued at around $539,000 after acquiring 50 additional shares. Elmwood Wealth Management Inc. has also increased its stake by 3.7% in the fourth quarter, now owning 1,405 shares worth about $277,000 following a purchase of 50 shares.

Defender Capital LLC boosted its position in Taiwan Semiconductor Manufacturing by 3.7% in the third quarter, giving them 1,565 shares with a value of $272,000 after acquiring 56 more shares. Hardy Reed LLC raised its stake by 1.2% during the same period, now owning 4,635 shares valued at $805,000 following an additional purchase of 56 shares. Lastly, Logan Capital Management Inc. increased its position by 20.1% in the third quarter, now holding 334 shares worth around $58,000 after purchasing an additional 56 shares. Currently, institutional investors own 16.51% of Taiwan Semiconductor Manufacturing's stock.

Recent Analyst Ratings and Price Targets

Recently, numerous brokerages reviewed their ratings on Taiwan Semiconductor Manufacturing. StockNews.com downgraded the stock from a "buy" to a "hold" rating in a research note. In contrast, Barclays increased their price target from $240.00 to $255.00, issuing an "overweight" rating for the stock. Needham & Company LLC reaffirmed a "buy" rating with a target price of $225.00, while Susquehanna also reiterated a "buy" rating. Overall, two analysts have rated the stock as a hold, while four have given it a buy rating, leading to an average rating of "Moderate Buy" and a price target of $220.00 according to MarketBeat data.

Stock Performance Overview

On Friday, shares of Taiwan Semiconductor Manufacturing Company (NYSE:TSM) opened at $211.52. The company holds a current ratio of 2.57 and a quick ratio of 2.30, with a debt-to-equity ratio of 0.24. Over the past year, the stock hit a low of $109.48 and a high of $222.20. With a market capitalization of $1.10 trillion, the company currently has a P/E ratio of 33.90 and a P/E/G ratio of 0.76. The stock's 50-day moving average price is $197.81, while the two-hundred day moving average price stands at $184.17.

Earnings Results and Future Predictions

Taiwan Semiconductor Manufacturing last announced its earnings results on January 16th, reporting earnings per share (EPS) of $2.24, surpassing the consensus estimate of $2.16 by $0.08. The company achieved a return on equity of 27.44% and maintained a net margin of 39.10%. Analysts predict that Taiwan Semiconductor Manufacturing will report earnings of $6.92 per share for the current year.

Dividend Increase Announcement

Recently, the company declared a quarterly dividend which is scheduled for payment on April 10th. Shareholders of record as of March 18th will receive a dividend of $0.5484 per share, which is an increase from the previous quarterly dividend of $0.49. The ex-dividend date is also set for March 18th. This equates to an annualized dividend of $2.19, resulting in a dividend yield of 1.04%. The current dividend payout ratio stands at 30.77%.

Company Overview

Taiwan Semiconductor Manufacturing Company Limited operates in the semiconductor industry, manufacturing, packaging, testing, and selling integrated circuits and various semiconductor devices globally. The company provides a wide array of wafer fabrication processes, including those for complementary metal-oxide-semiconductor (CMOS) logic, mixed-signal, radio frequency, and embedded memory devices.

Final Thoughts

As stakeholders assess their positions amid geopolitical uncertainties, Taiwan Semiconductor Manufacturing Company remains a noteworthy player in the semiconductor industry, with increasing investment from institutional stakeholders and analysts optimistic about its growth potential.

investment, stocks, semiconductors