Park Place Capital Corp Has $153,000 Stake in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Park Place Capital Corp increased its holdings in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 55.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 880 shares of the semiconductor company’s stock after buying an additional 315 shares during the period. Park Place Capital Corp’s holdings in Taiwan Semiconductor Manufacturing were worth $153,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of TSM. Prudential PLC boosted its position in shares of Taiwan Semiconductor Manufacturing by 21.2% in the 4th quarter. Prudential PLC now owns 3,544 shares of the semiconductor company’s stock worth $369,000 after purchasing an additional 619 shares during the last quarter. XML Financial LLC acquired a new position in Taiwan Semiconductor Manufacturing in the fourth quarter valued at about $236,000. Ethic Inc. boosted its holdings in Taiwan Semiconductor Manufacturing by 2.4% during the fourth quarter. Ethic Inc. now owns 68,998 shares of the semiconductor company’s stock worth $7,176,000 after buying an additional 1,621 shares during the last quarter. Barometer Capital Management Inc. acquired a new position in shares of Taiwan Semiconductor Manufacturing during the 4th quarter worth about $125,000. Finally, Credit Capital Investments LLC increased its stake in shares of Taiwan Semiconductor Manufacturing by 9.4% in the 4th quarter. Credit Capital Investments LLC now owns 58,000 shares of the semiconductor company’s stock valued at $6,032,000 after acquiring an additional 5,000 shares during the last quarter. 16.51% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on TSM. TD Cowen lifted 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. Sanford C. Bernstein lifted their price target on shares of Taiwan Semiconductor Manufacturing from $150.00 to $200.00 and gave the stock an “outperform” rating in a research report on Thursday, June 20th. Susquehanna restated a “positive” rating and issued a $250.00 price objective on shares of Taiwan Semiconductor Manufacturing in a research report on Wednesday, August 14th. Finally, Needham & Company LLC raised 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. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $200.00.

Taiwan Semiconductor Manufacturing Stock Performance

Shares of TSM opened at $186.06 on Wednesday. The firm’s 50 day moving average price is $169.21 and its two-hundred day moving average price is $161.11. 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 Company Limited has a twelve month low of $84.95 and a twelve month high of $193.47. The firm has a market cap of $964.98 billion, a P/E ratio of 35.44, a PEG ratio of 1.06 and a beta of 1.14.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last posted its quarterly earnings data on Thursday, July 18th. The semiconductor company reported $1.48 EPS for the quarter, beating the consensus estimate of $1.37 by $0.11. The business had revenue of $20.82 billion for the quarter, compared to analysts’ expectations of $20.33 billion. Taiwan Semiconductor Manufacturing had a net margin of 37.85% and a return on equity of 25.54%. The firm’s revenue was up 34.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.14 EPS. On average, analysts forecast that Taiwan Semiconductor Manufacturing Company Limited will post 6.45 EPS for the current fiscal 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 issued a dividend of $0.4871 per share. The ex-dividend date of this dividend is Thursday, December 12th. This is an increase 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 1.05%. Taiwan Semiconductor Manufacturing’s dividend payout ratio (DPR) is presently 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.