SLT Holdings LLC Boosts Stock Holdings in Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM)

SLT Holdings LLC increased its position in shares of Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM) by 24.7% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,143 shares of the semiconductor company’s stock after buying an additional 425 shares during the period. SLT Holdings LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $356,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. DekaBank Deutsche Girozentrale raised its holdings in Taiwan Semiconductor Manufacturing by 0.9% in the 1st quarter. DekaBank Deutsche Girozentrale now owns 1,339,479 shares of the semiconductor company’s stock worth $214,442,000 after purchasing an additional 11,693 shares during the period. Pinnacle Investment Management Ltd acquired a new position in shares of Taiwan Semiconductor Manufacturing during the 4th quarter worth approximately $26,661,000. Sentry LLC acquired a new position in shares of Taiwan Semiconductor Manufacturing during the 1st quarter worth approximately $222,000. Compound Global Advisors LLC lifted its position in shares of Taiwan Semiconductor Manufacturing by 31.2% during the 1st quarter. Compound Global Advisors LLC now owns 4,796 shares of the semiconductor company’s stock valued at $747,000 after buying an additional 1,141 shares in the last quarter. Finally, Polymer Capital Management HK LTD grew its stake in Taiwan Semiconductor Manufacturing by 47.7% in the 4th quarter. Polymer Capital Management HK LTD now owns 86,493 shares of the semiconductor company’s stock valued at $17,082,000 after acquiring an additional 27,938 shares during the period. 16.51% of the stock is owned by hedge funds and other institutional investors.

Taiwan Semiconductor Manufacturing Stock Down 1.2%

TSM stock opened at $242.71 on Tuesday. The company has a current ratio of 2.39, a quick ratio of 2.18 and a debt-to-equity ratio of 0.22. The firm has a 50-day moving average of $218.46 and a two-hundred day moving average of $194.90. Taiwan Semiconductor Manufacturing Company Ltd. has a 12 month low of $133.57 and a 12 month high of $248.28. The company has a market cap of $1.26 trillion, a price-to-earnings ratio of 27.68, a PEG ratio of 1.18 and a beta of 1.29.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last posted its quarterly earnings results on Thursday, July 17th. The semiconductor company reported $2.47 EPS for the quarter, beating the consensus estimate of $2.13 by $0.34. Taiwan Semiconductor Manufacturing had a return on equity of 34.53% and a net margin of 42.91%. The firm had revenue of $30.07 billion during the quarter, compared to analysts’ expectations of $28.50 billion. During the same quarter last year, the firm earned $1.48 earnings per share. The business’s revenue for the quarter was up 44.4% on a year-over-year basis. As a group, analysts forecast that Taiwan Semiconductor Manufacturing Company Ltd. will post 9.2 earnings per share for the current fiscal year.

Taiwan Semiconductor Manufacturing Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 9th. Stockholders of record on Tuesday, September 16th will be issued a dividend of $0.6499 per share. The ex-dividend date is Tuesday, September 16th. This represents a $2.60 annualized dividend and a dividend yield of 1.07%. Taiwan Semiconductor Manufacturing’s dividend payout ratio is presently 28.16%.

Analyst Ratings Changes

A number of research firms have weighed in on TSM. Susquehanna upped their price objective on shares of Taiwan Semiconductor Manufacturing from $255.00 to $265.00 and gave the stock a “positive” rating in a research report on Monday, July 14th. Citigroup reaffirmed a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a research note on Thursday, May 22nd. Barclays reiterated an “overweight” rating and issued a $240.00 price objective (up from $215.00) on shares of Taiwan Semiconductor Manufacturing in a report on Tuesday, June 3rd. Finally, Needham & Company LLC reissued a “buy” rating and set a $270.00 target price on shares of Taiwan Semiconductor Manufacturing in a report on Thursday, July 17th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $258.33.

Taiwan Semiconductor Manufacturing 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.