CacheTech Inc. Decreases Holdings in Taiwan Semiconductor Manufacturing Company Ltd. $TSM

CacheTech Inc. decreased its position in Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM) by 10.2% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 16,073 shares of the semiconductor company’s stock after selling 1,828 shares during the quarter. CacheTech Inc.’s holdings in Taiwan Semiconductor Manufacturing were worth $3,640,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also bought and sold shares of the company. Caldwell Trust Co bought a new stake in shares of Taiwan Semiconductor Manufacturing in the 2nd quarter worth approximately $4,519,000. Watts Gwilliam & Co. LLC purchased a new position in Taiwan Semiconductor Manufacturing in the 2nd quarter worth $250,000. Valeo Financial Advisors LLC lifted its stake in Taiwan Semiconductor Manufacturing by 4.9% in the second quarter. Valeo Financial Advisors LLC now owns 30,577 shares of the semiconductor company’s stock worth $6,925,000 after purchasing an additional 1,433 shares during the last quarter. Silicon Valley Capital Partners lifted its stake in Taiwan Semiconductor Manufacturing by 102.7% in the second quarter. Silicon Valley Capital Partners now owns 2,971 shares of the semiconductor company’s stock worth $673,000 after purchasing an additional 1,505 shares during the last quarter. Finally, L1 Capital Pty Ltd purchased a new stake in Taiwan Semiconductor Manufacturing during the second quarter valued at about $2,894,000. Hedge funds and other institutional investors own 16.51% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. Itau BBA Securities started coverage on Taiwan Semiconductor Manufacturing in a report on Tuesday, October 7th. They issued an “outperform” rating on the stock. Wall Street Zen raised Taiwan Semiconductor Manufacturing from a “hold” rating to a “buy” rating in a research note on Sunday. Sanford C. Bernstein boosted their price objective on Taiwan Semiconductor Manufacturing from $290.00 to $330.00 and gave the company an “outperform” rating in a research report on Sunday, December 7th. Susquehanna raised their target price on shares of Taiwan Semiconductor Manufacturing from $300.00 to $400.00 and gave the stock a “positive” rating in a report on Friday, October 10th. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Taiwan Semiconductor Manufacturing in a research note on Monday, December 8th. Seven research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Taiwan Semiconductor Manufacturing has an average rating of “Buy” and a consensus target price of $355.00.

Taiwan Semiconductor Manufacturing Price Performance

Shares of NYSE TSM opened at $291.87 on Monday. Taiwan Semiconductor Manufacturing Company Ltd. has a 1 year low of $134.25 and a 1 year high of $313.98. The stock has a market capitalization of $1.51 trillion, a P/E ratio of 29.94, a P/E/G ratio of 1.00 and a beta of 1.31. The company’s 50-day moving average is $293.64 and its 200 day moving average is $257.18. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.69 and a quick ratio of 2.47.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last posted 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. Taiwan Semiconductor Manufacturing had a return on equity of 34.34% and a net margin of 43.72%.The business had revenue of $32.36 billion for the quarter, compared to analysts’ expectations of $951.89 billion. During the same period in the previous year, the firm posted $1.94 EPS. The business’s revenue was up 40.1% on a year-over-year basis. On average, sell-side analysts expect that Taiwan Semiconductor Manufacturing Company Ltd. will post 9.2 earnings per share 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. Shareholders of record on Tuesday, March 17th will be issued a $0.9678 dividend. This represents a $3.87 dividend on an annualized basis and a yield of 1.3%. This is a positive change from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.83. The ex-dividend date is Tuesday, March 17th. Taiwan Semiconductor Manufacturing’s dividend payout ratio is currently 25.85%.

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.