Callahan Advisors LLC Boosts Stake in Taiwan Semiconductor Manufacturing Company

During the fourth quarter, Callahan Advisors LLC has increased its position in Taiwan Semiconductor Manufacturing Company Limited (NYSE: TSM) by 23.4%. This information was disclosed in their latest Form 13F filing with the Securities and Exchange Commission (SEC). After acquiring an additional 1,959 shares, Callahan Advisors now holds a total of 10,319 shares of this semiconductor giant. The value of their holdings in Taiwan Semiconductor Manufacturing at the end of the reporting period was approximately $2.04 million.

Investments and Market Trends

Several other investment firms have also made changes to their stakes in Taiwan Semiconductor Manufacturing. For instance, Reston Wealth Management LLC entered a new investment in the company during the third quarter with a stake valued at about $25,000. Similarly, Stonebridge Financial Group LLC added a new stake worth $25,000 in the fourth quarter, while Roxbury Financial LLC acquired a stake valued at $29,000. Archer Investment Corp significantly raised its position by 48.1% in the third quarter, now owning 191 shares valued at $33,000 after purchasing an additional 62 shares. Lastly, American Capital Advisory LLC purchased a new stake worth $38,000 in the firm during the same quarter. Currently, institutional investors and hedge funds collectively own 16.51% of Taiwan Semiconductor Manufacturing's stock.

Analyst Ratings

Equity research analysts have recently updated their price targets for Taiwan Semiconductor Manufacturing shares. Barclays raised their target price from $240.00 to $255.00 while maintaining an "overweight" rating. Conversely, StockNews.com downgraded their rating from "buy" to "hold". Needham & Company LLC continued with a "buy" rating and set a target price of $225.00 for the stock. Out of the analysts evaluating the company, two have a hold rating while four rate it as a buy, giving Taiwan Semiconductor Manufacturing a consensus rating of "Moderate Buy" and an average target price of $220.00, according to MarketBeat.com.

Current Market Performance

As of Tuesday, NYSE TSM opened at $203.77. The company has a quick ratio of 2.30 and a current ratio of 2.57, with a debt-to-equity ratio standing at 0.24. The 12-month low for Taiwan Semiconductor Manufacturing is $122.91, while the high is $226.40. It boasts a market capitalization of around $1.06 trillion, with a price-to-earnings ratio of 28.94 and a price-to-earnings growth ratio of 0.70.

Earnings Release and Dividend Announcement

Taiwan Semiconductor Manufacturing last reported its quarterly earnings on January 16th, revealing earnings per share of $2.24, surpassing the market's consensus estimate of $2.16 by $0.08. The company's return on equity was noted at 30.47% and it enjoyed a net margin of 40.51%. Analysts predict that Taiwan Semiconductor Manufacturing will achieve an earnings per share figure of 9.12 for the current fiscal year.

Additionally, the company announced a quarterly dividend set to be paid on July 10th. Shareholders registered by June 12th will receive a dividend of $0.6855 per share, an increase from the previous quarterly dividend of $0.55. This translates to an annualized yield of 1.35% based on a total payout ratio of 27.27%.

About Taiwan Semiconductor Manufacturing

Taiwan Semiconductor Manufacturing Company Limited is a major player in the semiconductor industry, producing, packaging, testing, and selling integrated circuits globally. It offers various wafer fabrication processes that support the manufacture of complementary metal-oxide-semiconductor (CMOS) devices, along with mixed-signal, radio frequency, embedded memory, and bipolar CMOS applications.

Callahan, Investment, TSMC