LHM Inc. Has $7.60 Million Stock Holdings in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

LHM Inc. increased its position in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 207.1% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 43,740 shares of the semiconductor company’s stock after buying an additional 29,495 shares during the quarter. Taiwan Semiconductor Manufacturing accounts for about 2.7% of LHM Inc.’s portfolio, making the stock its 7th biggest holding. LHM Inc.’s holdings in Taiwan Semiconductor Manufacturing were worth $7,602,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of TSM. Norges Bank bought a new position in shares of Taiwan Semiconductor Manufacturing during the fourth quarter worth about $108,160,000. Gladstone Institutional Advisory LLC grew its holdings in shares of Taiwan Semiconductor Manufacturing by 5.1% during the fourth quarter. Gladstone Institutional Advisory LLC now owns 6,179 shares of the semiconductor company’s stock worth $643,000 after buying an additional 302 shares in the last quarter. Coldstream Capital Management Inc. grew its holdings in shares of Taiwan Semiconductor Manufacturing by 17.9% during the fourth quarter. Coldstream Capital Management Inc. now owns 6,075 shares of the semiconductor company’s stock worth $632,000 after buying an additional 922 shares in the last quarter. Sachetta LLC bought a new position in shares of Taiwan Semiconductor Manufacturing during the fourth quarter worth about $29,000. Finally, D.A. Davidson & CO. grew its holdings in shares of Taiwan Semiconductor Manufacturing by 0.7% during the fourth quarter. D.A. Davidson & CO. now owns 38,127 shares of the semiconductor company’s stock worth $3,965,000 after buying an additional 274 shares in the last quarter. 16.51% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts have weighed in on the company. TD Cowen raised their price target on Taiwan Semiconductor Manufacturing from $130.00 to $170.00 and gave the company a “hold” rating in a research note on Thursday, July 18th. Barclays raised their price target on Taiwan Semiconductor Manufacturing from $150.00 to $170.00 and gave the company an “overweight” rating in a research note on Wednesday, June 5th. Susquehanna reaffirmed a “positive” rating and issued a $250.00 price objective on shares of Taiwan Semiconductor Manufacturing in a research report on Wednesday, August 14th. Needham & Company LLC raised their price objective on Taiwan Semiconductor Manufacturing from $168.00 to $210.00 and gave the company a “buy” rating in a research report on Monday, July 15th. Finally, Sanford C. Bernstein raised their price objective 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. One research analyst has rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $200.00.

Taiwan Semiconductor Manufacturing Stock Performance

TSM opened at $176.09 on Friday. Taiwan Semiconductor Manufacturing Company Limited has a 12-month low of $84.01 and a 12-month high of $193.47. The stock has a market cap of $913.27 billion, a price-to-earnings ratio of 33.54, a PEG ratio of 0.99 and a beta of 1.14. The business has a 50 day moving average of $167.30 and a 200-day moving average of $157.59. 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 released its quarterly earnings results on Thursday, July 18th. The semiconductor company reported $1.48 earnings per share for the quarter, topping the consensus estimate of $1.37 by $0.11. The business had revenue of $20.82 billion during 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 firm’s revenue for the quarter was up 34.6% compared to the same quarter last year. During the same period last year, the firm posted $1.14 EPS. On average, equities research analysts expect that Taiwan Semiconductor Manufacturing Company Limited will post 6.45 earnings per share for the current year.

Taiwan Semiconductor Manufacturing Increases Dividend

The company also recently declared 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. This is a boost from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. This represents a $1.95 annualized dividend and a yield of 1.11%. The ex-dividend date of this dividend is Thursday, December 12th. Taiwan Semiconductor Manufacturing’s dividend payout ratio (DPR) is presently 37.71%.

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.