Scalar Gauge Management LLC Buys Shares of 44,000 Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Scalar Gauge Management LLC purchased a new position in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 44,000 shares of the semiconductor company’s stock, valued at approximately $7,648,000. Taiwan Semiconductor Manufacturing comprises 4.4% of Scalar Gauge Management LLC’s investment portfolio, making the stock its 7th largest holding.

Several other institutional investors have also bought and sold shares of the company. BOKF NA raised its stake in shares of Taiwan Semiconductor Manufacturing by 4.8% in the first quarter. BOKF NA now owns 1,762 shares of the semiconductor company’s stock valued at $249,000 after buying an additional 81 shares during the period. Dodge & Cox bought a new stake in Taiwan Semiconductor Manufacturing in the 4th quarter valued at about $6,396,000. Credit Capital Investments LLC lifted its holdings in Taiwan Semiconductor Manufacturing by 9.4% during the fourth quarter. Credit Capital Investments LLC now owns 58,000 shares of the semiconductor company’s stock valued at $6,032,000 after purchasing an additional 5,000 shares during the last quarter. Cetera Advisors LLC boosted its position in Taiwan Semiconductor Manufacturing by 80.7% during the first quarter. Cetera Advisors LLC now owns 79,291 shares of the semiconductor company’s stock worth $10,787,000 after purchasing an additional 35,404 shares during the period. Finally, Prudential PLC raised its position in shares of Taiwan Semiconductor Manufacturing by 21.2% in the fourth quarter. Prudential PLC now owns 3,544 shares of the semiconductor company’s stock valued at $369,000 after purchasing an additional 619 shares during the period. Hedge funds and other institutional investors own 16.51% of the company’s stock.

Taiwan Semiconductor Manufacturing Stock Up 0.4 %

NYSE TSM opened at $174.69 on Tuesday. The business’s 50-day moving average is $166.82 and its 200 day moving average is $158.30. The stock has a market capitalization of $906.01 billion, a PE ratio of 33.27, a PEG ratio of 0.99 and a beta of 1.14. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.47 and a quick ratio of 2.21. Taiwan Semiconductor Manufacturing Company Limited has a 1 year low of $84.01 and a 1 year high of $193.47.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last issued its quarterly earnings data on Thursday, July 18th. The semiconductor company reported $1.48 EPS for the quarter, topping the consensus estimate 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 during the quarter, compared to analyst estimates of $20.33 billion. During the same period last year, the business posted $1.14 earnings per share. Taiwan Semiconductor Manufacturing’s quarterly revenue was up 34.6% compared to the same quarter last year. Sell-side analysts forecast that Taiwan Semiconductor Manufacturing Company Limited will post 6.45 earnings per share 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 given a $0.4871 dividend. This is a boost from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. This represents a $1.95 dividend on an annualized basis and a dividend yield of 1.12%. The ex-dividend date of this dividend is Thursday, December 12th. Taiwan Semiconductor Manufacturing’s payout ratio is currently 36.95%.

Wall Street Analysts Forecast Growth

TSM has been the subject of a number of recent research reports. Susquehanna reiterated a “positive” rating and issued a $250.00 price objective on shares of Taiwan Semiconductor Manufacturing in a research note on Wednesday, August 14th. TD Cowen lifted their price target on Taiwan Semiconductor Manufacturing from $130.00 to $170.00 and gave the company a “hold” rating in a research report on Thursday, July 18th. Barclays increased their target price 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. Sanford C. Bernstein lifted 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. Finally, Needham & Company LLC lifted their price objective on shares of Taiwan Semiconductor Manufacturing from $168.00 to $210.00 and gave the stock a “buy” rating in a report on Monday, July 15th. One analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $200.00.

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.