Tsfg LLC Acquires 193 Shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Tsfg LLC increased its holdings in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 470.7% during the first quarter, Holdings Channel.com reports. The fund owned 234 shares of the semiconductor company’s stock after purchasing an additional 193 shares during the quarter. Tsfg LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $32,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Sanders Capital LLC raised its holdings in Taiwan Semiconductor Manufacturing by 3.5% in the 4th quarter. Sanders Capital LLC now owns 44,527,327 shares of the semiconductor company’s stock valued at $4,630,842,000 after acquiring an additional 1,501,548 shares in the last quarter. Capital World Investors increased its position in shares of Taiwan Semiconductor Manufacturing by 11.4% in the fourth quarter. Capital World Investors now owns 41,356,279 shares of the semiconductor company’s stock worth $4,301,178,000 after purchasing an additional 4,240,928 shares during the period. Fisher Asset Management LLC raised its stake in Taiwan Semiconductor Manufacturing by 1.4% in the fourth quarter. Fisher Asset Management LLC now owns 31,079,682 shares of the semiconductor company’s stock valued at $3,232,287,000 after purchasing an additional 442,289 shares in the last quarter. Massachusetts Financial Services Co. MA raised its position in shares of Taiwan Semiconductor Manufacturing by 6.2% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 28,443,595 shares of the semiconductor company’s stock valued at $2,958,134,000 after buying an additional 1,649,279 shares in the last quarter. Finally, Morgan Stanley raised its position in Taiwan Semiconductor Manufacturing by 11.2% during the third quarter. Morgan Stanley now owns 23,804,180 shares of the semiconductor company’s stock valued at $2,068,583,000 after purchasing an additional 2,400,882 shares in the last quarter. Institutional investors and hedge funds own 16.51% of the company’s stock.

Taiwan Semiconductor Manufacturing Price Performance

Shares of NYSE:TSM opened at $173.83 on Friday. The firm has a market cap of $901.55 billion, a PE ratio of 33.11, a price-to-earnings-growth ratio of 1.18 and a beta of 1.11. Taiwan Semiconductor Manufacturing Company Limited has a 52 week low of $84.01 and a 52 week high of $184.86. The firm’s fifty day moving average is $155.76 and its 200-day moving average is $134.61. The company has a debt-to-equity ratio of 0.27, a quick ratio of 2.13 and a current ratio of 2.39.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last issued its quarterly earnings results on Thursday, April 18th. The semiconductor company reported $1.38 earnings per share for the quarter, beating the consensus estimate of $1.29 by $0.09. The company had revenue of $18.87 billion during the quarter, compared to analysts’ expectations of $18.38 billion. Taiwan Semiconductor Manufacturing had a return on equity of 24.75% and a net margin of 38.15%. Sell-side analysts predict that Taiwan Semiconductor Manufacturing Company Limited will post 6.13 earnings per share for the current year.

Taiwan Semiconductor Manufacturing Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 9th. Stockholders of record on Thursday, September 12th will be given a $0.4865 dividend. The ex-dividend date is Thursday, September 12th. This is a positive change from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.44. This represents a $1.95 annualized dividend and a dividend yield of 1.12%. Taiwan Semiconductor Manufacturing’s dividend payout ratio (DPR) is 32.76%.

Wall Street Analyst Weigh In

A number of research firms have recently commented on TSM. Susquehanna boosted their price target on Taiwan Semiconductor Manufacturing from $180.00 to $200.00 and gave the stock a “positive” rating in a report on Monday, June 17th. Needham & Company LLC reissued a “buy” rating and issued a $168.00 target price on shares of Taiwan Semiconductor Manufacturing in a report on Wednesday, May 22nd. Barclays increased their price objective on shares of Taiwan Semiconductor Manufacturing from $150.00 to $170.00 and gave the company an “overweight” rating in a research note on Wednesday, June 5th. Sanford C. Bernstein boosted their target price on shares of Taiwan Semiconductor Manufacturing from $150.00 to $200.00 and gave the stock an “outperform” rating in a research note on Thursday, June 20th. Finally, StockNews.com upgraded Taiwan Semiconductor Manufacturing from a “hold” rating to a “buy” rating in a research note on Thursday, April 11th. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $173.60.

Taiwan Semiconductor Manufacturing Company Profile

Taiwan Semiconductor Manufacturing Company Limited, together with its subsidiaries, manufactures, packages, tests, and sells integrated circuits and other semiconductor devices in Taiwan, China, Europe, the Middle East, Africa, Japan, the United States, and internationally. It provides a range of wafer fabrication processes, including processes to manufacture complementary metal- oxide-semiconductor (CMOS) logic, mixed-signal, radio frequency, embedded memory, bipolar CMOS mixed-signal, and others.