Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM) Shares Purchased by XTX Topco Ltd

XTX Topco Ltd boosted its stake in Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM) by 480.0% during the first quarter, Holdings Channel.com reports. The fund owned 35,946 shares of the semiconductor company’s stock after purchasing an additional 29,748 shares during the quarter. Taiwan Semiconductor Manufacturing comprises 0.3% of XTX Topco Ltd’s investment portfolio, making the stock its 26th biggest position. XTX Topco Ltd’s holdings in Taiwan Semiconductor Manufacturing were worth $5,967,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in TSM. City Holding Co. lifted its holdings in Taiwan Semiconductor Manufacturing by 238.0% in the 1st quarter. City Holding Co. now owns 169 shares of the semiconductor company’s stock valued at $28,000 after purchasing an additional 119 shares in the last quarter. Accredited Wealth Management LLC purchased a new position in Taiwan Semiconductor Manufacturing in the 4th quarter valued at $31,000. Signature Resources Capital Management LLC raised its holdings in shares of Taiwan Semiconductor Manufacturing by 138.8% during the 1st quarter. Signature Resources Capital Management LLC now owns 191 shares of the semiconductor company’s stock worth $32,000 after acquiring an additional 111 shares during the period. Graybill Wealth Management LTD. purchased a new position in shares of Taiwan Semiconductor Manufacturing during the 1st quarter worth $33,000. Finally, Glass Jacobson Investment Advisors llc raised its holdings in shares of Taiwan Semiconductor Manufacturing by 289.4% during the 4th quarter. Glass Jacobson Investment Advisors llc now owns 183 shares of the semiconductor company’s stock worth $36,000 after acquiring an additional 136 shares during the period. Institutional investors and hedge funds own 16.51% of the company’s stock.

Taiwan Semiconductor Manufacturing Stock Down 1.2%

Shares of NYSE:TSM opened at $242.71 on Tuesday. The business has a 50-day moving average price of $218.46 and a 200 day moving average price of $194.90. 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 company has a market capitalization 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 Company Ltd. has a 12-month low of $133.57 and a 12-month high of $248.28.

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

Taiwan Semiconductor Manufacturing Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 9th. Investors of record on Tuesday, September 16th will be given a dividend of $0.6499 per share. This represents a $2.60 dividend on an annualized basis and a dividend yield of 1.07%. The ex-dividend date of this dividend is Tuesday, September 16th. Taiwan Semiconductor Manufacturing’s payout ratio is 28.16%.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on TSM. Susquehanna set a $265.00 price target on Taiwan Semiconductor Manufacturing and gave the stock a “positive” rating in a report on Monday, July 14th. Barclays reiterated an “overweight” rating and set a $240.00 price target (up previously from $215.00) on shares of Taiwan Semiconductor Manufacturing in a report on Tuesday, June 3rd. Needham & Company LLC reiterated a “buy” rating and set a $270.00 price target on shares of Taiwan Semiconductor Manufacturing in a report on Thursday, July 17th. Finally, Citigroup reiterated a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a report on Thursday, May 22nd. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $258.33.

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.