Brooklyn Investment Group Increases Stake in Taiwan Semiconductor Manufacturing Company

Brooklyn Investment Group has significantly increased its investment in Taiwan Semiconductor Manufacturing Company Limited (NYSE: TSM) by a remarkable 530.3% during the fourth quarter, as indicated by its recent filing with the Securities and Exchange Commission. The investment firm now holds 2,660 shares of the semiconductor giant's stock, after acquiring an additional 2,238 shares in the period. The value of Brooklyn Investment Group's holdings in Taiwan Semiconductor Manufacturing has reached approximately $525,000 at the close of the latest quarter.

Institutional Investor Activity

Several other institutional investors and hedge funds have also adjusted their positions regarding Taiwan Semiconductor Manufacturing stock. For instance, FWG Holdings LLC has raised its shares by 1.6% during the third quarter, now owning 3,106 shares valued at $539,000 after acquiring an additional 50 shares. Similarly, Elmwood Wealth Management Inc. has increased its stake in the company by 3.7% during the fourth quarter, currently owning 1,405 shares valued at $277,000. Additionally, Defender Capital LLC and Hardy Reed LLC have both lifted their stakes by 3.7% and 1.2%, respectively, during the previous quarter. Logan Capital Management Inc. also raised its holdings by 20.1% in the third quarter, now owning 334 shares valued at $58,000. Overall, institutional investors currently own 16.51% of Taiwan Semiconductor Manufacturing stock.

Analysts Present New Ratings

Numerous brokerage firms have recently reassessed their ratings and price targets for Taiwan Semiconductor Manufacturing. StockNews.com has downgraded the company from a "buy" to a "hold" rating. Meanwhile, Barclays has raised its price objective from $240.00 to $255.00, assigning the stock an "overweight" rating. Needham & Company LLC has reaffirmed a "buy" rating with a target of $225.00, and Susquehanna continues to endorse a "buy" rating as well. Currently, two equities research analysts rate the stock as a hold, while four give it a buy rating. Overall, analysts suggest an average rating of "Moderate Buy" with an average price target of $220.00.

Current Stock Performance

As of Friday, shares of NYSE: TSM opened at $211.52. The company holds a current ratio of 2.57, a quick ratio of 2.30, and maintains a low debt-to-equity ratio of 0.24. Over the past year, the stock has fluctuated between a low of $109.48 and a high of $222.20. Taiwan Semiconductor Manufacturing boasts a substantial market capitalization of $1.10 trillion, a price-to-earnings ratio of 33.90, and a price-to-earnings growth ratio of 0.76.

Earnings Results and Financial Outlook

Recently, Taiwan Semiconductor Manufacturing released its earnings report on January 16th, showing earnings per share of $2.24, which exceeds analysts' expectations of $2.16. The company has achieved a return on equity of 27.44% and a net profit margin of 39.10%. Looking ahead, analysts forecast that Taiwan Semiconductor Manufacturing will report earnings per share of approximately 6.92 for the current year.

Dividend Increase

The company also announced an increase in its quarterly dividend, set to be paid on April 10th. Shareholders on record as of March 18th will receive a dividend of $0.5484 per share, up from the previous $0.49 per share. This represents an annualized dividend of $2.19, yielding approximately 1.04%, with a payout ratio of 30.77%.

Company Overview

Taiwan Semiconductor Manufacturing Company Limited specializes in manufacturing, packaging, testing, and selling integrated circuits and semiconductor devices globally, including in regions such as Taiwan, China, Europe, the Middle East, Africa, Japan, and the United States. The company offers an extensive array of wafer fabrication processes, covering technologies like CMOS logic, mixed-signal, radio frequency, and embedded memory circuits.

investment, semiconductor, stocks