Manchester Global Management UK Ltd Boosts Stake in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Manchester Global Management UK Ltd raised its holdings in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 1.7% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 302,400 shares of the semiconductor company’s stock after acquiring an additional 5,000 shares during the quarter. Taiwan Semiconductor Manufacturing makes up about 9.2% of Manchester Global Management UK Ltd’s investment portfolio, making the stock its 2nd biggest position. Manchester Global Management UK Ltd’s holdings in Taiwan Semiconductor Manufacturing were worth $52,560,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in TSM. SageView Advisory Group LLC increased its holdings in shares of Taiwan Semiconductor Manufacturing by 117.7% in the fourth quarter. SageView Advisory Group LLC now owns 6,911 shares of the semiconductor company’s stock worth $719,000 after purchasing an additional 3,737 shares during the last quarter. Johnson Financial Group Inc. purchased a new position in Taiwan Semiconductor Manufacturing in the fourth quarter worth about $25,000. Hilltop Holdings Inc. increased its stake in Taiwan Semiconductor Manufacturing by 8.0% during the fourth quarter. Hilltop Holdings Inc. now owns 6,852 shares of the semiconductor company’s stock worth $713,000 after acquiring an additional 510 shares during the last quarter. MKP Capital Management L.L.C. bought a new stake in Taiwan Semiconductor Manufacturing during the fourth quarter worth approximately $42,811,000. Finally, IPG Investment Advisors LLC increased its stake in Taiwan Semiconductor Manufacturing by 19.3% during the fourth quarter. IPG Investment Advisors LLC now owns 8,967 shares of the semiconductor company’s stock worth $937,000 after acquiring an additional 1,449 shares during the last quarter. 16.51% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on TSM. Needham & Company LLC boosted their price objective on Taiwan Semiconductor Manufacturing from $168.00 to $210.00 and gave the stock a “buy” rating in a research note on Monday, July 15th. Susquehanna reissued a “positive” rating and set a $250.00 price objective on shares of Taiwan Semiconductor Manufacturing in a research note on Wednesday, August 14th. Sanford C. Bernstein boosted their price objective on 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 boosted their price objective on 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 boosted their price objective on 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 investment analyst has rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, Taiwan Semiconductor Manufacturing currently has an average rating of “Moderate Buy” and a consensus target price of $200.00.

Taiwan Semiconductor Manufacturing Trading Up 0.4 %

TSM opened at $174.69 on Tuesday. The stock has a market cap of $906.01 billion, a price-to-earnings ratio of 33.27, a P/E/G ratio of 0.99 and a beta of 1.14. The stock’s 50 day moving average price is $166.82 and its 200-day moving average price is $158.30. 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 debt-to-equity ratio of 0.26, a quick ratio of 2.21 and a current ratio of 2.47.

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

Taiwan Semiconductor Manufacturing Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 9th. Investors of record on Thursday, December 12th will be paid a $0.4871 dividend. The ex-dividend date of this dividend is Thursday, December 12th. This represents a $1.95 annualized dividend and a yield of 1.12%. This is a boost from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. Taiwan Semiconductor Manufacturing’s dividend payout ratio is 36.95%.

About Taiwan Semiconductor Manufacturing

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.