DGS Capital Management Increases Stake in Taiwan Semiconductor Manufacturing Company

DGS Capital Management LLC has bolstered its investment in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM - Free Report) by 5.4% during the fourth quarter, according to a recent 13F filing with the Securities and Exchange Commission (SEC). As a result, the fund now holds a total of 22,248 shares of the semiconductor firm after acquiring an additional 1,132 shares in this period. Taiwan Semiconductor Manufacturing represents approximately 1.1% of DGS Capital Management's entire portfolio, making it the 13th largest investment among its holdings. The reported value of DGS Capital Management’s stake in Taiwan Semiconductor Manufacturing was $4,394,000 at the time of the filing.

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Recent activity from other institutional investors has also influenced the company's stock. For example, Reston Wealth Management LLC entered the scene with a new stake in Taiwan Semiconductor during the third quarter, investing around $25,000. Sugarloaf Wealth Management LLC significantly increased its holdings in the same quarter, boasting a 77.1% rise and now owning 186 shares worth $32,000 after acquiring an additional 81 shares. Similarly, Archer Investment Corp raised its stake by 48.1%, owning 191 shares valued at $33,000 following an additional purchase of 62 shares in the last quarter. American Capital Advisory LLC also made a new purchase worth $38,000 during this period, while OLD Second National Bank of Aurora increased its shares by a striking 169.8%, owning now 232 shares at a value of $40,000 after buying an additional 146 shares. Overall, hedge funds and institutional investors currently own 16.51% of the company's stock.

Taiwan Semiconductor Manufacturing Stock Performance

The shares of Taiwan Semiconductor Manufacturing opened at $221.73 on the latest trading day. The stock's 50-day simple moving average stands at $200.35, while the 200-day simple moving average is at $185.51. Taiwan Semiconductor Manufacturing boasts a market capitalization of $1.15 trillion, a price-to-earnings ratio of 31.50, and a PEG ratio of 0.74, with a beta value of 1.07. Over the last year, the stock’s lowest price was $112.61, and its highest reached $226.40. Financial metrics show a debt-to-equity ratio of 0.24, with quick and current ratios of 2.30 and 2.57, respectively.

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Taiwan Semiconductor Manufacturing recently reported its quarterly earnings on January 16, announcing earnings per share (EPS) of $2.24, which surpassed the consensus estimate of $2.16 by $0.08. The company achieved a net margin of 40.51% and a return on equity of 30.47%. Analysts forecast that Taiwan Semiconductor will generate an EPS of 9.12 for the current year.

Dividend Increase Announced by Taiwan Semiconductor Manufacturing

The company also announced a quarterly dividend to be issued on April 10. Shareholders recorded as of March 18 will receive a dividend of $0.5484. The ex-dividend date is also set for March 18, marking an increase from the previous quarterly dividend of $0.49. This raises the annualized dividend to $2.19, leading to a yield of 0.99%. The dividend payout ratio for Taiwan Semiconductor Manufacturing is now 27.27%.

Analyst Ratings and Expectations

• Semiconductor Sector Poised for Significant Growth

Several analysts have recently updated their ratings on Taiwan Semiconductor Manufacturing. Susquehanna reaffirmed a "buy" rating in a note dated October 18. Meanwhile, StockNews.com upgraded the stock from a "hold" to a "buy" rating on January 20. Barclays raised the target price for Taiwan Semiconductor from $240.00 to $255.00, giving it an "overweight" rating in a report on January 17. Needham & Company LLC also reemphasized a "buy" rating and set a target price of $225.00 in a report on January 16. While one investment analyst has rated the stock as a hold, five others consider it a buy. As per MarketBeat.com, Taiwan Semiconductor Manufacturing shows a consensus rating of "Moderate Buy" with a consensus target price of $220.00.

Learn More About Taiwan Semiconductor Manufacturing

About the Company

Taiwan Semiconductor Manufacturing Company Limited, along with its subsidiaries, is engaged in the manufacturing, packaging, testing, and selling of integrated circuits and other semiconductor devices across various regions, including Taiwan, China, Europe, the Middle East, Africa, Japan, and the United States. The company offers an extensive range of wafer fabrication processes, including complementary metal-oxide-semiconductor (CMOS) logic, mixed-signal, radio frequency, embedded memory, and bipolar CMOS mixed-signal processes, among others.

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Stay Informed: Check Out Current Holdings of TSM

If you are curious about investments from other hedge funds, you can visit the given sites for recent 13F filings and insider trades related to Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM - Free Report).

This article has been crafted to provide readers with the latest insights and accurate information regarding significant financial moves and company performance.

Investment Considerations

Before deciding to invest in Taiwan Semiconductor Manufacturing, it’s advisable to analyze the market landscape. While Taiwan Semiconductor Manufacturing maintains a "Moderate Buy" rating from analysts, there are suggestions that other stocks may present better investment opportunities.

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