KP Management LLC Raises Stock Holdings in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

KP Management LLC grew its stake in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 25.0% during the third quarter, HoldingsChannel.com reports. The fund owned 37,500 shares of the semiconductor company’s stock after buying an additional 7,500 shares during the quarter. Taiwan Semiconductor Manufacturing accounts for about 2.1% of KP Management LLC’s portfolio, making the stock its 14th biggest position. KP Management LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $6,513,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in TSM. Atlantic Edge Private Wealth Management LLC bought a new position in Taiwan Semiconductor Manufacturing in the second quarter valued at about $25,000. Valley Wealth Managers Inc. purchased a new position in shares of Taiwan Semiconductor Manufacturing in the second quarter worth approximately $27,000. Olistico Wealth LLC bought a new stake in Taiwan Semiconductor Manufacturing during the second quarter valued at approximately $27,000. NewSquare Capital LLC purchased a new stake in Taiwan Semiconductor Manufacturing during the second quarter valued at approximately $29,000. Finally, Fairscale Capital LLC purchased a new stake in Taiwan Semiconductor Manufacturing during the second quarter valued at approximately $32,000. 16.51% of the stock is owned by hedge funds and other institutional investors.

Taiwan Semiconductor Manufacturing Price Performance

NYSE:TSM opened at $199.70 on Monday. The business’s 50-day simple moving average is $178.19 and its two-hundred day simple moving average is $166.45. Taiwan Semiconductor Manufacturing Company Limited has a 52 week low of $84.95 and a 52 week high of $212.60. The stock has a market cap of $1.04 trillion, a PE ratio of 32.60, a P/E/G ratio of 0.98 and a beta of 1.14. The company has a quick ratio of 2.21, a current ratio of 2.47 and a debt-to-equity ratio of 0.26.

Taiwan Semiconductor Manufacturing Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 9th. Investors of record on Thursday, December 12th will be paid a dividend of $0.4871 per share. This represents a $1.95 annualized dividend and a yield of 0.98%. The ex-dividend date of this dividend is Thursday, December 12th. This is an increase from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. Taiwan Semiconductor Manufacturing’s dividend payout ratio (DPR) is 31.57%.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on TSM shares. Susquehanna reissued a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a research report on Friday, October 18th. TD Cowen boosted their price target on Taiwan Semiconductor Manufacturing from $130.00 to $170.00 and gave the company a “hold” rating in a report on Thursday, July 18th. Barclays raised their price objective on Taiwan Semiconductor Manufacturing from $200.00 to $215.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 23rd. Finally, Needham & Company LLC reiterated a “buy” rating and set a $210.00 price objective on shares of Taiwan Semiconductor Manufacturing in a research note on Thursday, October 17th. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, Taiwan Semiconductor Manufacturing currently has a consensus rating of “Moderate Buy” and an average price target of $209.00.

Taiwan Semiconductor Manufacturing Company Profile

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.