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Crestwood Advisors Group LLC Boosts Holdings in Taiwan Semiconductor Manufacturing Company Limited

Published February 26, 2025

Crestwood Advisors Group LLC has significantly increased its stake in Taiwan Semiconductor Manufacturing Company Limited (NYSE: TSM) by 46.2% during the fourth quarter as per its latest Form 13F filing with the Securities and Exchange Commission (SEC). After acquiring an additional 1,519 shares, Crestwood now holds a total of 4,808 shares in the semiconductor firm, valued at approximately $950,000 according to the recent filing.

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Other institutional investors and hedge funds have also made adjustments to their investments in Taiwan Semiconductor. For instance, FMR LLC expanded its holdings by 7.2% in the third quarter, now owning 55,974,769 shares valued at about $9.72 billion after increasing its position with an additional 3,783,802 shares. Similarly, Fisher Asset Management LLC raised its stake by 1.3%, bringing its total to 28,767,106 shares worth approximately $5 billion. Van ECK Associates Corp increased its investment by 6.0%, owning 19,392,159 shares valued at nearly $3.83 billion. WCM Investment Management LLC also grew its stake by 14.1%, now holding 9,738,181 shares valued at $1.73 billion. Lastly, Jennison Associates LLC made a substantial increase of 72.9% in the fourth quarter, owning 6,949,520 shares worth $1.37 billion. Collectively, hedge funds and institutional investors possess 16.51% of the company's shares.

Price Performance of Taiwan Semiconductor Manufacturing

The shares of NYSE: TSM opened at $189.36 on Wednesday. The stock has traded within a range of $125.78 to $226.40 over the past 52 weeks. Its 50-day moving average stands at $205.36, while the 200-day moving average is at $191.41. The company's market capitalization is approximately $982.12 billion, accompanied by a P/E ratio of 26.90, a P/E/G ratio of 0.66, and a beta value of 1.06. Additionally, the debt-to-equity ratio is 0.24, with a current ratio of 2.57 and a quick ratio of 2.30.

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Recently, Taiwan Semiconductor Manufacturing (NYSE: TSM) reported its quarterly earnings on January 16th, announcing earnings of $2.24 per share for the quarter. This exceeded analysts' expectations of $2.16 by $0.08. The firm boasts a return on equity of 30.47% and a net margin of 40.51%. Analysts predict that the company will post an EPS of 9.2 for the current fiscal year.

Increase in Dividend for Shareholders

The company has also announced a quarterly dividend set to be distributed on July 10th. Shareholders who are on record as of June 12th will receive a dividend of $0.6855 per share. This translates to an annualized dividend of $2.74, resulting in a dividend yield of 1.45%. The ex-dividend date is also scheduled for June 12th. This increase marks a rise from the previous quarterly dividend of $0.55, with a current payout ratio of 31.11%.

Recent Analyst Ratings

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Taiwan Semiconductor has been featured in several recent research reports. Notably, StockNews.com downgraded the company's rating from "buy" to "hold" on January 28th. Needham & Company LLC reiterated a "buy" rating with a target price of $225.00, while Barclays raised its target price from $240.00 to $255.00, designating the stock as "overweight" in their analysis. Presently, two research analysts have given a hold rating to the stock, while four have issued buy ratings. According to data from MarketBeat, Taiwan Semiconductor Manufacturing holds an average rating of "Moderate Buy" with a consensus target price of $220.00.

Explore More Insights on TSM

Overview of Taiwan Semiconductor Manufacturing Company

(Free Report)

Taiwan Semiconductor Manufacturing Company Limited specializes, alongside its subsidiaries, in manufacturing, packaging, testing, and selling integrated circuits and semiconductor devices across various regions including Taiwan, China, Europe, the Middle East, Africa, Japan, and the United States. The firm provides a range of wafer fabrication processes utilized in the production of complementary metal-oxide-semiconductor (CMOS) logic, mixed-signal, radio frequency, and embedded memory devices, among others.

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