Taiwan Semiconductor Manufacturing Company Ltd. $TSM Shares Bought by Maverick Capital Ltd.

Maverick Capital Ltd. grew its holdings in Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM) by 20.7% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,760,017 shares of the semiconductor company’s stock after acquiring an additional 301,881 shares during the quarter. Taiwan Semiconductor Manufacturing accounts for 6.0% of Maverick Capital Ltd.’s portfolio, making the stock its 3rd largest holding. Maverick Capital Ltd.’s holdings in Taiwan Semiconductor Manufacturing were worth $398,626,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of TSM. 1248 Management LLC acquired a new stake in Taiwan Semiconductor Manufacturing in the 1st quarter worth $28,000. Mid American Wealth Advisory Group Inc. acquired a new position in shares of Taiwan Semiconductor Manufacturing during the second quarter valued at about $33,000. First Command Advisory Services Inc. lifted its stake in shares of Taiwan Semiconductor Manufacturing by 174.1% in the second quarter. First Command Advisory Services Inc. now owns 159 shares of the semiconductor company’s stock valued at $36,000 after buying an additional 101 shares during the period. CoreFirst Bank & Trust bought a new stake in shares of Taiwan Semiconductor Manufacturing in the second quarter valued at about $45,000. Finally, Keystone Global Partners LLC acquired a new stake in Taiwan Semiconductor Manufacturing during the first quarter worth about $49,000. Institutional investors own 16.51% of the company’s stock.

Taiwan Semiconductor Manufacturing Stock Down 1.7%

Shares of NYSE TSM opened at $305.02 on Friday. Taiwan Semiconductor Manufacturing Company Ltd. has a 52-week low of $134.25 and a 52-week high of $313.98. The company has a debt-to-equity ratio of 0.19, a quick ratio of 2.47 and a current ratio of 2.69. The business has a fifty day moving average of $293.66 and a two-hundred day moving average of $255.65. The stock has a market cap of $1.58 trillion, a PE ratio of 31.28, a PEG ratio of 1.07 and a beta of 1.31.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last announced its earnings results on Thursday, October 16th. The semiconductor company reported $2.92 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.59 by $0.33. The business had revenue of $32.36 billion during the quarter, compared to analysts’ expectations of $951.89 billion. Taiwan Semiconductor Manufacturing had a net margin of 43.72% and a return on equity of 34.34%. The firm’s revenue for the quarter was up 40.1% on a year-over-year basis. During the same quarter last year, the company posted $1.94 EPS. As a group, equities research analysts expect that Taiwan Semiconductor Manufacturing Company Ltd. will post 9.2 earnings per share for the current fiscal year.

Taiwan Semiconductor Manufacturing Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 9th. Stockholders of record on Tuesday, March 17th will be issued a $0.9678 dividend. This represents a $3.87 annualized dividend and a dividend yield of 1.3%. 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. Taiwan Semiconductor Manufacturing’s dividend payout ratio (DPR) is presently 26.67%.

Wall Street Analyst Weigh In

TSM has been the subject of several recent research reports. Barclays upped their price target on Taiwan Semiconductor Manufacturing from $330.00 to $355.00 and gave the company an “overweight” rating in a report on Friday, October 17th. Sanford C. Bernstein upped their target price on Taiwan Semiconductor Manufacturing from $290.00 to $330.00 and gave the company an “outperform” rating in a research note on Sunday. UBS Group set a $330.00 price objective on shares of Taiwan Semiconductor Manufacturing in a research note on Sunday. Weiss Ratings reiterated a “buy (b-)” rating on shares of Taiwan Semiconductor Manufacturing in a research report on Monday. Finally, 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. Seven investment analysts have rated the stock with a Buy rating, According to MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of $355.00.

Taiwan Semiconductor Manufacturing 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.