GAMMA Investing LLC Has $1.10 Million Stock Position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

GAMMA Investing LLC grew its position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 16.2% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 6,332 shares of the semiconductor company’s stock after buying an additional 884 shares during the quarter. GAMMA Investing LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $1,100,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Burns J W & Co. Inc. NY acquired a new position in shares of Taiwan Semiconductor Manufacturing in the 3rd quarter valued at approximately $208,000. Harbor Investment Advisory LLC increased its position in Taiwan Semiconductor Manufacturing by 18.7% during the 3rd quarter. Harbor Investment Advisory LLC now owns 2,388 shares of the semiconductor company’s stock worth $415,000 after purchasing an additional 377 shares in the last quarter. Central Valley Advisors LLC acquired a new position in Taiwan Semiconductor Manufacturing during the 3rd quarter worth approximately $320,000. Eldred Rock Partners LLC increased its position in Taiwan Semiconductor Manufacturing by 120.0% during the 3rd quarter. Eldred Rock Partners LLC now owns 72,331 shares of the semiconductor company’s stock worth $12,584,000 after purchasing an additional 39,451 shares in the last quarter. Finally, Capital CS Group LLC acquired a new position in Taiwan Semiconductor Manufacturing during the 3rd quarter worth approximately $658,000. 16.51% of the stock is currently owned by institutional investors and hedge funds.

Taiwan Semiconductor Manufacturing Stock Up 1.8 %

Shares of NYSE TSM opened at $184.46 on Tuesday. The firm has a market cap of $956.69 billion, a PE ratio of 35.14, a P/E/G ratio of 1.03 and a beta of 1.14. Taiwan Semiconductor Manufacturing Company Limited has a 12-month low of $84.95 and a 12-month high of $193.47. The company’s fifty day simple moving average is $168.72 and its 200 day simple moving average is $160.79. 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 (NYSE:TSM) last issued its earnings results on Thursday, July 18th. The semiconductor company reported $1.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.37 by $0.11. The business 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%. Taiwan Semiconductor Manufacturing’s revenue was up 34.6% on a year-over-year basis. During the same period in the prior year, the firm earned $1.14 earnings per share. As a group, sell-side analysts forecast that Taiwan Semiconductor Manufacturing Company Limited will post 6.45 earnings per share for the current fiscal year.

Taiwan Semiconductor Manufacturing Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 9th. Shareholders of record on Thursday, December 12th will be issued a dividend of $0.4871 per share. This is an increase from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. The ex-dividend date of this dividend is Thursday, December 12th. This represents a $1.95 annualized dividend and a yield of 1.06%. Taiwan Semiconductor Manufacturing’s dividend payout ratio is presently 36.95%.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on TSM shares. 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 report on Thursday, July 18th. Needham & Company LLC upped their price target on shares of Taiwan Semiconductor Manufacturing from $168.00 to $210.00 and gave the company a “buy” rating in a research report on Monday, July 15th. Susquehanna restated a “positive” rating and issued a $250.00 price target on shares of Taiwan Semiconductor Manufacturing in a research report on Wednesday, August 14th. Finally, Sanford C. Bernstein upped their price target on shares of Taiwan Semiconductor Manufacturing from $150.00 to $200.00 and gave the company an “outperform” rating in a research report on Thursday, June 20th. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average 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.