Soros Fund Management LLC Invests $28.42 Million in Taiwan Semiconductor Manufacturing Company Ltd. $TSM

Soros Fund Management LLC purchased a new stake in Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM) during the second quarter, Holdings Channel reports. The institutional investor purchased 125,478 shares of the semiconductor company’s stock, valued at approximately $28,420,000.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Brighton Jones LLC raised its holdings in Taiwan Semiconductor Manufacturing by 20.9% in the fourth quarter. Brighton Jones LLC now owns 10,930 shares of the semiconductor company’s stock worth $2,159,000 after purchasing an additional 1,892 shares during the period. Charles Schwab Investment Management Inc. bought a new stake in Taiwan Semiconductor Manufacturing during the 1st quarter worth approximately $908,000. Ted Buchan & Co lifted its position in Taiwan Semiconductor Manufacturing by 5.6% in the 1st quarter. Ted Buchan & Co now owns 6,035 shares of the semiconductor company’s stock valued at $1,002,000 after acquiring an additional 318 shares in the last quarter. Mitsubishi UFJ Asset Management UK Ltd. acquired a new position in Taiwan Semiconductor Manufacturing in the 1st quarter worth $664,000. Finally, Sit Investment Associates Inc. increased its holdings in Taiwan Semiconductor Manufacturing by 2.9% during the 1st quarter. Sit Investment Associates Inc. now owns 20,807 shares of the semiconductor company’s stock worth $3,454,000 after purchasing an additional 593 shares in the last quarter. Institutional investors own 16.51% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the company. Needham & Company LLC reissued a “buy” rating and issued a $360.00 target price on shares of Taiwan Semiconductor Manufacturing in a research report on Monday, October 27th. UBS Group set a $330.00 price target on shares of Taiwan Semiconductor Manufacturing in a research note on Sunday. Wall Street Zen lowered shares of Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a research report on Saturday, December 6th. Itau BBA Securities assumed coverage on shares of Taiwan Semiconductor Manufacturing in a research report on Tuesday, October 7th. They issued an “outperform” rating for the company. Finally, Sanford C. Bernstein increased their price objective on shares of Taiwan Semiconductor Manufacturing from $290.00 to $330.00 and gave the stock an “outperform” rating in a research note on Sunday. Seven investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Taiwan Semiconductor Manufacturing presently has a consensus rating of “Buy” and a consensus price target of $355.00.

Taiwan Semiconductor Manufacturing Trading Down 1.7%

Shares of Taiwan Semiconductor Manufacturing stock opened at $305.02 on Friday. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.69 and a quick ratio of 2.47. The business has a fifty day simple moving average of $293.66 and a two-hundred day simple moving average of $255.65. 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 market capitalization of $1.58 trillion, a price-to-earnings ratio of 31.28, a P/E/G ratio of 1.07 and a beta of 1.31.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last issued its quarterly earnings data 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 net margin of 43.72% and a return on equity of 34.34%. The company’s revenue was up 40.1% on a year-over-year basis. During the same period in the prior year, the firm earned $1.94 earnings per share. Research analysts forecast that Taiwan Semiconductor Manufacturing Company Ltd. will post 9.2 EPS for the current year.

Taiwan Semiconductor Manufacturing Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 9th. Stockholders of record on Tuesday, March 17th will be issued a dividend of $0.9678 per share. This is a boost from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.83. This represents a $3.87 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date is Tuesday, March 17th. Taiwan Semiconductor Manufacturing’s dividend payout ratio is presently 26.67%.

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.