Senator Investment Group LP Buys 867 Shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Senator Investment Group LP boosted its position in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 10.6% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 9,038 shares of the semiconductor company’s stock after acquiring an additional 867 shares during the period. Senator Investment Group LP’s holdings in Taiwan Semiconductor Manufacturing were worth $1,571,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Old North State Trust LLC lifted its holdings in shares of Taiwan Semiconductor Manufacturing by 10.8% during the 2nd quarter. Old North State Trust LLC now owns 4,541 shares of the semiconductor company’s stock worth $789,000 after acquiring an additional 443 shares during the period. HWG Holdings LP acquired a new stake in Taiwan Semiconductor Manufacturing during the second quarter valued at approximately $76,000. EP Wealth Advisors LLC boosted its holdings in Taiwan Semiconductor Manufacturing by 48.2% during the second quarter. EP Wealth Advisors LLC now owns 21,499 shares of the semiconductor company’s stock valued at $3,737,000 after purchasing an additional 6,988 shares in the last quarter. B. Riley Wealth Advisors Inc. raised its holdings in shares of Taiwan Semiconductor Manufacturing by 41.0% in the 2nd quarter. B. Riley Wealth Advisors Inc. now owns 33,348 shares of the semiconductor company’s stock worth $5,814,000 after buying an additional 9,705 shares in the last quarter. Finally, Connective Capital Management LLC bought a new position in shares of Taiwan Semiconductor Manufacturing during the 2nd quarter worth approximately $1,488,000. Institutional investors and hedge funds own 16.51% of the company’s stock.

Taiwan Semiconductor Manufacturing Trading Down 4.7 %

TSM stock opened at $177.97 on Monday. The company has a quick ratio of 2.21, a current ratio of 2.47 and a debt-to-equity ratio of 0.26. Taiwan Semiconductor Manufacturing Company Limited has a twelve month low of $84.95 and a twelve month high of $193.47. The company has a market cap of $923.03 billion, a P/E ratio of 33.90, a PEG ratio of 1.07 and a beta of 1.14. The business has a fifty day moving average of $167.50 and a 200-day moving average of $159.40.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last issued its earnings results on Thursday, July 18th. The semiconductor company reported $1.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.37 by $0.11. The company had revenue of $20.82 billion for the quarter, compared to analyst estimates of $20.33 billion. Taiwan Semiconductor Manufacturing had a net margin of 37.85% and a return on equity of 25.54%. The company’s revenue for the quarter was up 34.6% on a year-over-year basis. During the same quarter last year, the firm earned $1.14 EPS. As a group, 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 business also recently declared a quarterly dividend, which will be paid on Thursday, January 9th. Stockholders of record on Thursday, December 12th will be paid a $0.4871 dividend. The ex-dividend date is Thursday, December 12th. This represents a $1.95 dividend on an annualized basis and a dividend yield of 1.09%. This is an increase from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. Taiwan Semiconductor Manufacturing’s dividend payout ratio is 37.71%.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the company. Sanford C. Bernstein upped their price target on Taiwan Semiconductor Manufacturing from $150.00 to $200.00 and gave the company an “outperform” rating in a research report on Thursday, June 20th. Needham & Company LLC increased 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. TD Cowen upped their price objective 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. Susquehanna reiterated a “positive” rating and issued a $250.00 target price on shares of Taiwan Semiconductor Manufacturing in a research note on Wednesday, August 14th. Finally, Barclays increased their price target on Taiwan Semiconductor Manufacturing from $150.00 to $170.00 and gave the stock an “overweight” rating in a research report on Wednesday, June 5th. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, Taiwan Semiconductor Manufacturing presently has a consensus rating of “Moderate Buy” and an average 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.