Mirova US LLC lifted its stake in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 13.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,676,287 shares of the semiconductor company’s stock after purchasing an additional 192,430 shares during the quarter. Taiwan Semiconductor Manufacturing accounts for approximately 5.4% of Mirova US LLC’s holdings, making the stock its 10th biggest position. Mirova US LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $201,422,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds also recently bought and sold shares of the company. Echo Street Capital Management LLC purchased a new position in shares of Taiwan Semiconductor Manufacturing in the 2nd quarter worth about $114,739,000. Marsico Capital Management LLC raised its position in Taiwan Semiconductor Manufacturing by 2.8% in the 2nd quarter. Marsico Capital Management LLC now owns 1,117,888 shares of the semiconductor company’s stock worth $134,325,000 after buying an additional 30,971 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in Taiwan Semiconductor Manufacturing by 9.6% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 3,201 shares of the semiconductor company’s stock worth $385,000 after buying an additional 281 shares during the last quarter. GM Advisory Group Inc. raised its position in Taiwan Semiconductor Manufacturing by 2.5% in the 2nd quarter. GM Advisory Group Inc. now owns 8,203 shares of the semiconductor company’s stock worth $986,000 after buying an additional 200 shares during the last quarter. Finally, State Street Corp raised its position in Taiwan Semiconductor Manufacturing by 4.3% in the 2nd quarter. State Street Corp now owns 1,940,350 shares of the semiconductor company’s stock worth $233,824,000 after buying an additional 79,204 shares during the last quarter. 16.55% of the stock is owned by hedge funds and other institutional investors.
A number of equities research analysts have issued reports on the company. Needham & Company LLC assumed coverage on Taiwan Semiconductor Manufacturing in a research note on Tuesday, July 13th. They set a “buy” rating and a $123.05 price target for the company. Zacks Investment Research upgraded Taiwan Semiconductor Manufacturing from a “sell” rating to a “hold” rating in a research note on Thursday, September 16th. Susquehanna Bancshares upgraded Taiwan Semiconductor Manufacturing from a “negative” rating to a “neutral” rating and upped their price target for the stock from $85.00 to $105.00 in a research note on Wednesday, June 30th. Susquehanna upgraded Taiwan Semiconductor Manufacturing from a “negative” rating to a “neutral” rating and upped their price target for the stock from $85.00 to $105.00 in a research note on Wednesday, June 30th. Finally, Cowen started coverage on Taiwan Semiconductor Manufacturing in a report on Monday, October 11th. They set a “market perform” rating and a $120.00 price objective on the stock. Six investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, Taiwan Semiconductor Manufacturing presently has a consensus rating of “Hold” and a consensus target price of $126.76.
[TSM stock] opened at $114.23 on Monday. The company has a quick ratio of 1.65, a current ratio of 1.92 and a debt-to-equity ratio of 0.22. The business’s fifty day simple moving average is $115.64 and its two-hundred day simple moving average is $116.76. Taiwan Semiconductor Manufacturing Company Limited has a twelve month low of $83.16 and a twelve month high of $142.20. The firm has a market cap of $592.41 billion, a price-to-earnings ratio of 30.38, a PEG ratio of 1.90 and a beta of 0.89.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 13th. Shareholders of record on Friday, December 17th will be paid a $0.4941 dividend. This is a positive change from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.39. The ex-dividend date is Thursday, December 16th. This represents a $1.98 dividend on an annualized basis and a yield of 1.73%. Taiwan Semiconductor Manufacturing’s dividend payout ratio (DPR) is presently 45.72%.
Taiwan Semiconductor Manufacturing Company Profile
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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