L1 Capital Pty Ltd Invests $2.89 Million in Taiwan Semiconductor Manufacturing Company Ltd. $TSM

L1 Capital Pty Ltd purchased a new stake in Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 12,779 shares of the semiconductor company’s stock, valued at approximately $2,894,000. Taiwan Semiconductor Manufacturing makes up about 0.1% of L1 Capital Pty Ltd’s portfolio, making the stock its 16th biggest position.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Hudson Bay Capital Management LP raised its stake in Taiwan Semiconductor Manufacturing by 117.6% during the 2nd quarter. Hudson Bay Capital Management LP now owns 60,321 shares of the semiconductor company’s stock valued at $13,662,000 after purchasing an additional 403,822 shares during the period. Old North State Trust LLC grew its holdings in shares of Taiwan Semiconductor Manufacturing by 31.0% during the second quarter. Old North State Trust LLC now owns 7,058 shares of the semiconductor company’s stock valued at $1,599,000 after buying an additional 1,670 shares in the last quarter. Tyler Stone Wealth Management raised its position in Taiwan Semiconductor Manufacturing by 26.4% during the second quarter. Tyler Stone Wealth Management now owns 6,503 shares of the semiconductor company’s stock valued at $1,473,000 after buying an additional 1,359 shares during the period. Tactive Advisors LLC purchased a new stake in Taiwan Semiconductor Manufacturing in the 2nd quarter worth about $244,000. Finally, Geneos Wealth Management Inc. boosted its position in Taiwan Semiconductor Manufacturing by 7.0% during the 2nd quarter. Geneos Wealth Management Inc. now owns 22,065 shares of the semiconductor company’s stock worth $4,997,000 after acquiring an additional 1,439 shares during the period. 16.51% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

TSM has been the subject of a number of research analyst reports. Needham & Company LLC reissued a “buy” rating and issued a $360.00 price target on shares of Taiwan Semiconductor Manufacturing in a research report on Monday, October 27th. Barclays increased their target price on shares of Taiwan Semiconductor Manufacturing from $330.00 to $355.00 and gave the stock an “overweight” rating in a research report on Friday, October 17th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Taiwan Semiconductor Manufacturing in a research note on Monday, December 8th. UBS Group set a $330.00 price objective on Taiwan Semiconductor Manufacturing in a research report on Sunday, December 7th. Finally, Sanford C. Bernstein upped their target price on Taiwan Semiconductor Manufacturing from $290.00 to $330.00 and gave the stock an “outperform” rating in a research report on Sunday, December 7th. Seven investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, Taiwan Semiconductor Manufacturing presently has an average rating of “Buy” and a consensus target price of $355.00.

Taiwan Semiconductor Manufacturing Stock Down 4.3%

TSM stock opened at $291.87 on Friday. The firm has a market cap of $1.51 trillion, a PE ratio of 29.94, a PEG ratio of 1.00 and a beta of 1.31. Taiwan Semiconductor Manufacturing Company Ltd. has a 1 year low of $134.25 and a 1 year high of $313.98. The company has a fifty day simple moving average of $293.64 and a 200 day simple moving average of $256.75. The company has a current ratio of 2.69, a quick ratio of 2.47 and a debt-to-equity ratio of 0.19.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last posted its earnings results on Thursday, October 16th. The semiconductor company reported $2.92 earnings per share for the quarter, beating the consensus estimate of $2.59 by $0.33. The company had revenue of $32.36 billion for the quarter, compared to analyst estimates of $951.89 billion. Taiwan Semiconductor Manufacturing had a return on equity of 34.34% and a net margin of 43.72%.The business’s revenue was up 40.1% compared to the same quarter last year. During the same period last year, the company earned $1.94 earnings per share. Sell-side analysts anticipate that Taiwan Semiconductor Manufacturing Company Ltd. will post 9.2 EPS for the current fiscal year.

Taiwan Semiconductor Manufacturing Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 9th. Shareholders of record on Tuesday, March 17th will be given a dividend of $0.9678 per share. The ex-dividend date of this dividend is Tuesday, March 17th. This is an increase from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.83. This represents a $3.87 dividend on an annualized basis and a yield of 1.3%. Taiwan Semiconductor Manufacturing’s dividend payout ratio (DPR) is currently 25.85%.

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.