Global Retirement Partners LLC Increases Stake in Taiwan Semiconductor Manufacturing Company

Global Retirement Partners LLC has recently disclosed a significant increase in its holdings of Taiwan Semiconductor Manufacturing Company Limited (NYSE: TSM). According to their latest filing with the Securities and Exchange Commission (SEC), the firm raised its position by an impressive 28.8% during the fourth quarter. After adding 6,023 shares, their total ownership now stands at 26,917 shares of this prominent semiconductor company.

At the conclusion of the most recent reporting period, Global Retirement Partners' investments in Taiwan Semiconductor Manufacturing were valued at approximately $5,316,000.

Changes in Institutional Holdings

Other institutional investors have also been active in modifying their stakes in Taiwan Semiconductor Manufacturing. For instance, Stonebridge Financial Group LLC established a new position in the company during the fourth quarter, investing about $25,000. Similarly, Reston Wealth Management LLC initiated a position in the semiconductor company during the third quarter, also valued at around $25,000. Roxbury Financial LLC invested approximately $29,000 to acquire a new stake in the fourth quarter. Additionally, Archer Investment Corp significantly increased its stake by 48.1% in the third quarter, currently holding 191 shares valued at about $33,000 after acquiring an additional 62 shares. Endeavor Private Wealth Inc. also purchased a new stake in Taiwan Semiconductor Manufacturing amounting to $40,000 in the latest quarter. Overall, around 16.51% of the company's stock is currently owned by institutional investors and hedge funds.

Analysts Provide Insights

Recent analyses have focused on Taiwan Semiconductor Manufacturing, with stock evaluations vary amongst experts. StockNews.com recently downgraded the company’s shares from a "buy" to a "hold" rating on January 28th. Conversely, Barclays increased its price target from $240.00 to $255.00 and branded the stock with an "overweight" rating on January 17th. Meanwhile, Needham & Company LLC reaffirmed a "buy" rating with a price target set at $225.00. Overall, market opinions are divided, with two investment analysts rating it as a hold and four analysts recommending it as a buy. According to MarketBeat data, the stock holds a composite rating of "Moderate Buy" with an average target price of $220.00.

Current Stock Performance

As of Wednesday, NYSE: TSM opened at $202.49. The company has witnessed a 52-week low of $122.91 and a high of $226.40. Its financial health is characterized by a debt-to-equity ratio of 0.24, a quick ratio of 2.30, and a current ratio of 2.57. The stock has a market capitalization of $1.05 trillion, with a price-to-earnings ratio of 28.76 and a P/E/G ratio of 0.67, accompanied by a beta of 1.06. The firm's 50-day simple moving average is $205.56, while the 200-day simple moving average stands at $190.07.

Recent Earnings Report and Dividend Announcement

Taiwan Semiconductor Manufacturing recently released its latest earnings report on January 16th, where it announced an earnings per share (EPS) of $2.24 for the quarter, surpassing the consensus estimate of $2.16 by $0.08. The company exhibited a net margin of 40.51% and a return on equity of 30.47%. Analysts project that Taiwan Semiconductor Manufacturing will achieve earnings per share of 9.2 for the current fiscal year.

Moreover, the company has announced a quarterly dividend of $0.6855, due for payment on July 10th to shareholders recorded by June 12th. This dividend reflects an increase from the previous amount of $0.55, leading to an annualized dividend of $2.74, which provides a yield of 1.35%. Currently, the company's payout ratio is 27.27%.

About Taiwan Semiconductor Manufacturing Company

Taiwan Semiconductor Manufacturing Company Limited, along with its subsidiaries, is a leading entity in the manufacturing, packaging, testing, and sale of integrated circuits and other semiconductor devices globally, including regions such as Taiwan, China, Europe, the Middle East, Africa, Japan, and the United States. The company employs various wafer fabrication processes essential for producing complementary metal-oxide-semiconductor (CMOS) logic and other specialized semiconductor devices.

investment, semiconductors, holdings