Greenup Street Wealth Management LLC Invests $5.66 Million in Taiwan Semiconductor Manufacturing Company Limited

Greenup Street Wealth Management LLC has made a significant move by acquiring a stake in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) during the fourth quarter. According to their latest Form 13F filing with the Securities and Exchange Commission, the institutional investor purchased 28,654 shares of TSM, which is valued at approximately $5.66 million. This investment accounts for about 1.1% of Greenup Street Wealth Management's overall portfolio, making Taiwan Semiconductor their 23rd largest holding.

Geopolitical Concerns and TSMC's Outlook

The long-term outlook for Taiwan Semiconductor Manufacturing remains strong even amid rising geopolitical risks. Other institutional investors have also been active in buying and adjusting their stakes in TSM. For example, Reston Wealth Management LLC acquired a new stake in the company worth approximately $25,000 during the third quarter. Sugarloaf Wealth Management LLC increased its investment by 77.1%, now owning 186 shares valued at $32,000 after adding 81 shares recently.

Archer Investment Corp also expanded its position, growing its holdings by 48.1% to 191 shares worth $33,000 following the purchase of an additional 62 shares. American Capital Advisory LLC entered the market with a fresh position valued at around $38,000, while OLD Second National Bank of Aurora raised its stake by 169.8%, now holding 232 shares worth $40,000 after acquiring an additional 146 shares. Currently, institutional investors hold about 16.51% of TSM's stock.

Recent Stock Performance

On a recent trading day, TSM shares opened at $192.72. The company's stock has fluctuated between a twelve-month low of $112.61 and a high of $226.40. Taiwan Semiconductor has a market capitalization close to $999.52 billion, with a price-to-earnings (P/E) ratio of 27.38, a price-to-earnings-growth (PEG) ratio of 0.74, and a beta of 1.07. Their current ratio stands at 2.57, quick ratio at 2.30, and a debt-to-equity ratio of 0.24. The stock’s fifty-day moving average is $201.07 while the two-hundred-day average is $185.72.

Quarterly Earnings Update

Taiwan Semiconductor Manufacturing recently released its quarterly earnings data, revealing an earnings per share (EPS) of $2.24, which surpassed analysts' expectations of $2.16 by $0.08. The company has reported a return on equity of 30.47% and a net margin of 40.51%. Analysts project an average EPS of 9.12 for the current year.

Dividend Announcement

In addition to their strong earnings report, the company announced an increase in its quarterly dividend, which is set to be paid on April 10th. Shareholders who are recorded by March 18th will receive a dividend of $0.5484 per share, up from a previous $0.49. This translates to an annualized dividend of $2.19, yielding 1.14%. The ex-dividend date is also March 18th, and the company's payout ratio sits at 27.27%.

Analysts' Perspectives

Various analysts have updated their views on TSMC. StockNews.com downgraded the stock from a "buy" to a "hold" rating. On the other hand, Barclays raised its target price from $240.00 to $255.00 while maintaining an "overweight" rating. Needham & Company reiterated a "buy" rating with a price target of $225.00, whereas Susquehanna continued to hold a "buy" stance on the company. As per MarketBeat data, the consensus rating for TSM is "Moderate Buy" with an average target price of $220.00.

Overview of Taiwan Semiconductor Manufacturing Company

Taiwan Semiconductor Manufacturing Company Limited operates in the production of integrated circuits and various semiconductor devices. The company offers a wide array of wafer fabrication processes, including those necessary for manufacturing complementary metal-oxide-semiconductor (CMOS) logic, mixed-signal, radio frequency, bipolar CMOS mixed-signal, and more, across global markets including Taiwan, China, Europe, and the United States.

investment, semiconductors, dividend