Aperture Investors LLC raised its holdings in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 48.0% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 56,362 shares of the semiconductor company’s stock after buying an additional 18,287 shares during the period. Aperture Investors LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $6,667,000 as of its most recent SEC filing.
A number of other hedge funds have also modified their holdings of TSM. FIL Ltd boosted its position in Taiwan Semiconductor Manufacturing by 1.7% in the 4th quarter. FIL Ltd now owns 4,160,947 shares of the semiconductor company’s stock valued at $453,709,000 after buying an additional 68,675 shares during the period. Rhumbline Advisers raised its holdings in shares of Taiwan Semiconductor Manufacturing by 17.8% in the 4th quarter. Rhumbline Advisers now owns 8,851 shares of the semiconductor company’s stock valued at $965,000 after purchasing an additional 1,340 shares in the last quarter. Guggenheim Capital LLC raised its holdings in shares of Taiwan Semiconductor Manufacturing by 4.8% in the 4th quarter. Guggenheim Capital LLC now owns 40,549 shares of the semiconductor company’s stock valued at $4,421,000 after purchasing an additional 1,866 shares in the last quarter. Colony Group LLC raised its holdings in shares of Taiwan Semiconductor Manufacturing by 72.4% in the 4th quarter. Colony Group LLC now owns 4,281 shares of the semiconductor company’s stock valued at $467,000 after purchasing an additional 1,798 shares in the last quarter. Finally, Glenmede Trust Co. NA raised its holdings in shares of Taiwan Semiconductor Manufacturing by 10.3% in the 4th quarter. Glenmede Trust Co. NA now owns 57,845 shares of the semiconductor company’s stock valued at $6,307,000 after purchasing an additional 5,383 shares in the last quarter. 17.19% of the stock is owned by institutional investors.
NYSE:TSM traded down $3.51 during midday trading on Tuesday, hitting $112.14. 433,667 shares of the company were exchanged, compared to its average volume of 8,738,702. The stock has a fifty day moving average of $117.44. Taiwan Semiconductor Manufacturing Company Limited has a fifty-two week low of $75.98 and a fifty-two week high of $142.20. The company has a quick ratio of 1.49, a current ratio of 1.72 and a debt-to-equity ratio of 0.15. The firm has a market capitalization of $581.57 billion, a P/E ratio of 31.06, a PEG ratio of 1.81 and a beta of 0.90.
Taiwan Semiconductor Manufacturing (NYSE:TSM) last posted its quarterly earnings data on Wednesday, July 14th. The semiconductor company reported $0.93 EPS for the quarter, meeting analysts’ consensus estimates of $0.93. The company had revenue of $372.15 billion for the quarter, compared to analyst estimates of $372.58 billion. Taiwan Semiconductor Manufacturing had a net margin of 38.14% and a return on equity of 29.87%. Taiwan Semiconductor Manufacturing’s quarterly revenue was up 19.8% on a year-over-year basis. During the same period in the previous year, the business posted $4.66 earnings per share. On average, equities analysts anticipate that Taiwan Semiconductor Manufacturing Company Limited will post 4.02 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 14th. Shareholders of record on Friday, September 17th will be paid a $0.3917 dividend. The ex-dividend date of this dividend is Thursday, September 16th. This is a positive change from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.35. This represents a $1.57 dividend on an annualized basis and a yield of 1.40%. Taiwan Semiconductor Manufacturing’s payout ratio is currently 41.59%.
A number of brokerages have recently weighed in on TSM. Needham & Company LLC began coverage on shares of Taiwan Semiconductor Manufacturing in a report on Tuesday, July 13th. They issued a “buy” rating and a $123.05 price objective on the stock. Zacks Investment Research lowered shares of Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a report on Saturday, July 17th. Argus began coverage on shares of Taiwan Semiconductor Manufacturing in a report on Tuesday, June 22nd. They issued a “buy” rating and a $150.00 price objective on the stock. Morgan Stanley lowered shares of Taiwan Semiconductor Manufacturing from an “overweight” rating to an “equal weight” rating in a report on Monday, June 21st. Finally, Susquehanna upgraded shares of Taiwan Semiconductor Manufacturing from a “negative” rating to a “neutral” rating and lifted their price target for the stock from $85.00 to $105.00 in a research note on Wednesday, June 30th. Five analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Taiwan Semiconductor Manufacturing presently has an average rating of “Buy” and a consensus target price of $127.72.
About Taiwan Semiconductor Manufacturing
Taiwan Semiconductor Manufacturing Co, Ltd. engages in the manufacture and sale of integrated circuits and wafer semiconductor devices. Its chips are used in personal computers and peripheral products; information applications; wired and wireless communications systems products; automotive and industrial equipment including consumer electronics such as digital video compact disc player, digital television, game consoles, and digital cameras.
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