Gemsstock Ltd. Acquires 27,400 Shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Gemsstock Ltd. boosted its holdings in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 16.7% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 191,700 shares of the semiconductor company’s stock after purchasing an additional 27,400 shares during the period. Taiwan Semiconductor Manufacturing accounts for approximately 10.6% of Gemsstock Ltd.’s portfolio, making the stock its 5th largest position. Gemsstock Ltd.’s holdings in Taiwan Semiconductor Manufacturing were worth $33,319,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of TSM. Sanders Capital LLC increased its stake in Taiwan Semiconductor Manufacturing by 3.5% during the fourth quarter. Sanders Capital LLC now owns 44,527,327 shares of the semiconductor company’s stock valued at $4,630,842,000 after acquiring an additional 1,501,548 shares during the period. Capital World Investors boosted its position in shares of Taiwan Semiconductor Manufacturing by 1.7% during the 1st quarter. Capital World Investors now owns 42,061,083 shares of the semiconductor company’s stock valued at $5,722,410,000 after acquiring an additional 704,804 shares in the last quarter. Fisher Asset Management LLC boosted its position in shares of Taiwan Semiconductor Manufacturing by 1.4% during the 4th quarter. Fisher Asset Management LLC now owns 31,060,369 shares of the semiconductor company’s stock valued at $3,230,279,000 after acquiring an additional 422,976 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its position in shares of Taiwan Semiconductor Manufacturing by 6.2% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 28,443,595 shares of the semiconductor company’s stock valued at $2,958,134,000 after acquiring an additional 1,649,279 shares in the last quarter. Finally, Capital International Investors boosted its position in shares of Taiwan Semiconductor Manufacturing by 40.2% during the 1st quarter. Capital International Investors now owns 19,695,714 shares of the semiconductor company’s stock valued at $2,679,602,000 after acquiring an additional 5,643,949 shares in the last quarter. 16.51% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. Needham & Company LLC boosted 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. TD Cowen boosted their target price 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. Barclays boosted 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. Finally, Sanford C. Bernstein boosted their target price 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. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $200.00.

Taiwan Semiconductor Manufacturing Price Performance

Shares of NYSE TSM traded down $6.88 during trading on Friday, reaching $156.82. The company had a trading volume of 14,964,411 shares, compared to its average volume of 12,454,126. The company has a debt-to-equity ratio of 0.26, a quick ratio of 2.21 and a current ratio of 2.47. The stock has a market cap of $813.33 billion, a PE ratio of 29.88, a PEG ratio of 0.94 and a beta of 1.14. The business’s 50 day moving average price is $169.79 and its 200-day moving average price is $155.09. Taiwan Semiconductor Manufacturing Company Limited has a 52 week low of $84.01 and a 52 week high of $193.47.

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, topping analysts’ consensus estimates 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 the consensus estimate of $20.33 billion. During the same period in the previous year, the firm posted $1.14 earnings per share. Taiwan Semiconductor Manufacturing’s revenue for the quarter was up 34.6% compared to the same quarter last year. 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. Shareholders of record on Thursday, December 12th will be given a dividend of $0.4871 per share. This is a positive change from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. This represents a $1.95 annualized dividend and a yield of 1.24%. The ex-dividend date of this dividend is Thursday, December 12th. Taiwan Semiconductor Manufacturing’s dividend payout ratio is 32.57%.

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.