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

Maverick Capital Ltd. lifted its holdings in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 26.1% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 616,979 shares of the semiconductor company’s stock after acquiring an additional 127,871 shares during the period. Taiwan Semiconductor Manufacturing accounts for about 2.1% of Maverick Capital Ltd.’s holdings, making the stock its 19th biggest position. Maverick Capital Ltd.’s holdings in Taiwan Semiconductor Manufacturing were worth $107,151,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of TSM. Kolinsky Wealth Management LLC grew its position in Taiwan Semiconductor Manufacturing by 3.7% during the 3rd quarter. Kolinsky Wealth Management LLC now owns 3,519 shares of the semiconductor company’s stock worth $611,000 after purchasing an additional 127 shares during the last quarter. Point72 Europe London LLP acquired a new stake in shares of Taiwan Semiconductor Manufacturing during the third quarter worth about $19,413,000. Consolidated Press International Holdings Ltd. grew its holdings in shares of Taiwan Semiconductor Manufacturing by 70.4% during the third quarter. Consolidated Press International Holdings Ltd. now owns 2,026,277 shares of the semiconductor company’s stock worth $351,904,000 after buying an additional 837,302 shares during the last quarter. Circle Wealth Management LLC increased its position in Taiwan Semiconductor Manufacturing by 42.2% in the 3rd quarter. Circle Wealth Management LLC now owns 20,187 shares of the semiconductor company’s stock valued at $3,506,000 after acquiring an additional 5,992 shares during the period. Finally, Fred Alger Management LLC raised its stake in Taiwan Semiconductor Manufacturing by 8.4% during the 3rd quarter. Fred Alger Management LLC now owns 2,065,689 shares of the semiconductor company’s stock valued at $358,748,000 after acquiring an additional 159,960 shares during the last quarter. 16.51% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have weighed in on TSM. Barclays lifted their target price on Taiwan Semiconductor Manufacturing from $215.00 to $240.00 and gave the company an “overweight” rating in a research note on Monday, November 18th. Susquehanna reiterated a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a research report on Friday, October 18th. Needham & Company LLC restated a “buy” rating and issued a $210.00 target price on shares of Taiwan Semiconductor Manufacturing in a research note on Thursday, October 17th. Finally, StockNews.com downgraded shares of Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a report on Sunday, November 17th. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Taiwan Semiconductor Manufacturing has a consensus rating of “Moderate Buy” and an average price target of $214.00.

Taiwan Semiconductor Manufacturing Trading Up 2.0 %

NYSE:TSM opened at $184.79 on Friday. The stock has a market capitalization of $958.40 billion, a price-to-earnings ratio of 29.61, a PEG ratio of 0.84 and a beta of 1.12. Taiwan Semiconductor Manufacturing Company Limited has a 1 year low of $95.25 and a 1 year high of $212.60. The stock has a fifty day moving average price of $189.16 and a two-hundred day moving average price of $175.02. The company has a debt-to-equity ratio of 0.24, a quick ratio of 2.30 and a current ratio of 2.57.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last announced its quarterly earnings data on Thursday, October 17th. The semiconductor company reported $1.94 EPS for the quarter, beating the consensus estimate of $1.74 by $0.20. Taiwan Semiconductor Manufacturing had a net margin of 39.10% and a return on equity of 27.44%. The firm had revenue of $23.50 billion during the quarter, compared to analysts’ expectations of $22.72 billion. As a group, sell-side analysts anticipate that Taiwan Semiconductor Manufacturing Company Limited will post 6.95 earnings per share for the current fiscal year.

Taiwan Semiconductor Manufacturing Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 10th. Investors of record on Tuesday, March 18th will be issued a $0.5484 dividend. The ex-dividend date is Tuesday, March 18th. This represents a $2.19 dividend on an annualized basis and a dividend yield of 1.19%. This is a boost from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. Taiwan Semiconductor Manufacturing’s dividend payout ratio is currently 31.57%.

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.