Eldred Rock Partners LLC Buys 39,451 Shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Eldred Rock Partners LLC increased its stake in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 120.0% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 72,331 shares of the semiconductor company’s stock after acquiring an additional 39,451 shares during the quarter. Taiwan Semiconductor Manufacturing comprises approximately 4.2% of Eldred Rock Partners LLC’s holdings, making the stock its 4th largest holding. Eldred Rock Partners LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $12,584,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Tower Research Capital LLC TRC increased its holdings in Taiwan Semiconductor Manufacturing by 789.8% in the 4th quarter. Tower Research Capital LLC TRC now owns 38,429 shares of the semiconductor company’s stock valued at $3,997,000 after buying an additional 34,110 shares during the period. Exencial Wealth Advisors LLC lifted its stake in Taiwan Semiconductor Manufacturing by 16.4% during the fourth quarter. Exencial Wealth Advisors LLC now owns 14,833 shares of the semiconductor company’s stock worth $1,543,000 after purchasing an additional 2,095 shares during the period. Northern Trust Corp boosted its holdings in Taiwan Semiconductor Manufacturing by 3.8% during the fourth quarter. Northern Trust Corp now owns 3,622,056 shares of the semiconductor company’s stock valued at $376,694,000 after purchasing an additional 131,426 shares in the last quarter. Envestnet Asset Management Inc. boosted its holdings in Taiwan Semiconductor Manufacturing by 2.8% during the fourth quarter. Envestnet Asset Management Inc. now owns 2,428,408 shares of the semiconductor company’s stock valued at $252,554,000 after purchasing an additional 67,116 shares in the last quarter. Finally, Prudential PLC grew its stake 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 valued at $369,000 after purchasing an additional 619 shares during the period. 16.51% of the stock is currently owned by institutional investors and hedge funds.

Taiwan Semiconductor Manufacturing Trading Up 0.9 %

NYSE TSM traded up $1.68 during trading hours on Friday, hitting $181.16. The company’s stock had a trading volume of 10,001,896 shares, compared to its average volume of 12,357,744. 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 capitalization of $939.57 billion, a P/E ratio of 34.51, a PEG ratio of 1.03 and a beta of 1.14. The company has a quick ratio of 2.21, a current ratio of 2.47 and a debt-to-equity ratio of 0.26. The stock has a fifty day moving average of $168.72 and a 200 day moving average of $160.44.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last posted its quarterly earnings results on Thursday, July 18th. The semiconductor company reported $1.48 earnings per share for the quarter, beating analysts’ consensus estimates of $1.37 by $0.11. The company had revenue of $20.82 billion for the quarter, compared to the consensus estimate 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 quarterly revenue was up 34.6% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.14 EPS. Equities research 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 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 dividend of $0.4871 per share. This is a positive change 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 1.08%. Taiwan Semiconductor Manufacturing’s dividend payout ratio (DPR) is presently 36.95%.

Analyst Ratings Changes

TSM has been the subject of a number of analyst reports. Susquehanna reissued a “positive” rating and set a $250.00 price objective on shares of Taiwan Semiconductor Manufacturing in a report on Wednesday, August 14th. TD Cowen lifted their price target on shares of Taiwan Semiconductor Manufacturing from $130.00 to $170.00 and gave the company a “hold” rating in a report on Thursday, July 18th. Sanford C. Bernstein upped their price objective on shares of Taiwan Semiconductor Manufacturing from $150.00 to $200.00 and gave the stock an “outperform” rating in a research note on Thursday, June 20th. Finally, Needham & Company LLC lifted their target price on shares of Taiwan Semiconductor Manufacturing from $168.00 to $210.00 and gave the company a “buy” rating in a research note on Monday, July 15th. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $200.00.

Taiwan Semiconductor Manufacturing Company Profile

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.