Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) Shares Acquired by Gemsstock Ltd.

Gemsstock Ltd. boosted its position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 16.7% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 191,700 shares of the semiconductor company’s stock after purchasing an additional 27,400 shares during the period. Taiwan Semiconductor Manufacturing comprises approximately 10.6% of Gemsstock Ltd.’s holdings, making the stock its 5th largest position. Gemsstock Ltd.’s holdings in Taiwan Semiconductor Manufacturing were worth $33,319,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Johnson Financial Group Inc. purchased a new position in shares of Taiwan Semiconductor Manufacturing during the 4th quarter worth approximately $25,000. Atlantic Edge Private Wealth Management LLC acquired a new stake in Taiwan Semiconductor Manufacturing during the second quarter worth approximately $25,000. LifeSteps Financial Inc. acquired a new stake in Taiwan Semiconductor Manufacturing during the first quarter worth approximately $27,000. Olistico Wealth LLC acquired a new stake in Taiwan Semiconductor Manufacturing during the second quarter worth approximately $27,000. Finally, North Star Investment Management Corp. boosted its position in Taiwan Semiconductor Manufacturing by 670.4% during the first quarter. North Star Investment Management Corp. now owns 208 shares of the semiconductor company’s stock worth $28,000 after acquiring an additional 181 shares during the last quarter. 16.51% of the stock is owned by hedge funds and other institutional investors.

Taiwan Semiconductor Manufacturing Price Performance

Shares of NYSE TSM traded down $6.88 during midday trading on Friday, reaching $156.82. The company’s stock had a trading volume of 14,964,411 shares, compared to its average volume of 12,454,126. The company has a current ratio of 2.47, a quick ratio of 2.21 and a debt-to-equity ratio of 0.26. The company has a 50 day moving average price of $169.79 and a 200 day moving average price of $155.09. Taiwan Semiconductor Manufacturing Company Limited has a one year low of $84.01 and a one year high of $193.47. The company has a market cap of $813.33 billion, a price-to-earnings ratio of 29.88, a price-to-earnings-growth ratio of 0.94 and a beta of 1.14.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last released its earnings results on Thursday, July 18th. The semiconductor company reported $1.48 EPS for the quarter, topping analysts’ consensus estimates of $1.37 by $0.11. Taiwan Semiconductor Manufacturing had a net margin of 37.85% and a return on equity of 25.54%. The business had revenue of $20.82 billion for the quarter, compared to the consensus estimate of $20.33 billion. During the same period in the previous year, the firm earned $1.14 EPS. The business’s revenue for the quarter was up 34.6% on a year-over-year basis. On average, equities research analysts expect that Taiwan Semiconductor Manufacturing Company Limited will post 6.45 EPS for the current year.

Taiwan Semiconductor Manufacturing Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, January 9th. Stockholders of record on Thursday, December 12th will be issued a dividend of $0.4871 per share. The ex-dividend date is Thursday, December 12th. This represents a $1.95 dividend on an annualized basis and a dividend yield of 1.24%. This is a positive change from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. Taiwan Semiconductor Manufacturing’s payout ratio is currently 32.57%.

Analyst Ratings Changes

A number of analysts recently issued reports on TSM shares. Needham & Company LLC raised their target price on shares of Taiwan Semiconductor Manufacturing from $168.00 to $210.00 and gave the stock a “buy” rating in a research report on Monday, July 15th. Susquehanna reaffirmed a “positive” rating and set a $250.00 price target on shares of Taiwan Semiconductor Manufacturing in a research note on Wednesday, August 14th. Sanford C. Bernstein lifted their price target on shares of Taiwan Semiconductor Manufacturing from $150.00 to $200.00 and gave the stock an “outperform” rating in a research note on Thursday, June 20th. TD Cowen lifted their price target on shares of Taiwan Semiconductor Manufacturing from $130.00 to $170.00 and gave the stock a “hold” rating in a research note on Thursday, July 18th. Finally, Barclays lifted their price target on shares of Taiwan Semiconductor Manufacturing from $150.00 to $170.00 and gave the stock an “overweight” rating in a research note on Wednesday, June 5th. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat, Taiwan Semiconductor Manufacturing presently has a consensus rating of “Moderate Buy” and a consensus target price of $200.00.

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.