Tran Capital Management L.P. Makes New Investment in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Tran Capital Management L.P. bought a new stake in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 118,769 shares of the semiconductor company’s stock, valued at approximately $16,159,000. Taiwan Semiconductor Manufacturing comprises about 1.8% of Tran Capital Management L.P.’s investment portfolio, making the stock its 22nd biggest position.

A number of other hedge funds have also modified their holdings of TSM. Toronto Dominion Bank raised its position in shares of Taiwan Semiconductor Manufacturing by 4.7% in the 3rd quarter. Toronto Dominion Bank now owns 14,176 shares of the semiconductor company’s stock valued at $1,232,000 after acquiring an additional 631 shares during the period. Truist Financial Corp raised its position in shares of Taiwan Semiconductor Manufacturing by 1.9% in the 3rd quarter. Truist Financial Corp now owns 444,030 shares of the semiconductor company’s stock valued at $38,586,000 after acquiring an additional 8,417 shares during the period. Advisors Asset Management Inc. raised its position in shares of Taiwan Semiconductor Manufacturing by 4.3% in the 3rd quarter. Advisors Asset Management Inc. now owns 41,674 shares of the semiconductor company’s stock valued at $3,621,000 after acquiring an additional 1,724 shares during the period. Adage Capital Partners GP L.L.C. acquired a new stake in shares of Taiwan Semiconductor Manufacturing in the 3rd quarter valued at approximately $23,898,000. Finally, Lido Advisors LLC raised its position in shares of Taiwan Semiconductor Manufacturing by 5.7% in the 3rd quarter. Lido Advisors LLC now owns 148,133 shares of the semiconductor company’s stock valued at $12,873,000 after acquiring an additional 7,952 shares during the period. 16.51% of the stock is currently owned by institutional investors and hedge funds.

Taiwan Semiconductor Manufacturing Stock Up 3.9 %

Shares of NYSE TSM traded up $6.79 during midday trading on Thursday, reaching $182.49. The company’s stock had a trading volume of 11,808,737 shares, compared to its average volume of 15,203,722. The company has a current ratio of 2.39, a quick ratio of 2.13 and a debt-to-equity ratio of 0.27. Taiwan Semiconductor Manufacturing Company Limited has a fifty-two week low of $84.01 and a fifty-two week high of $184.86. The stock has a market capitalization of $946.47 billion, a price-to-earnings ratio of 34.76, a PEG ratio of 1.20 and a beta of 1.14. The stock has a 50 day simple moving average of $158.44 and a 200-day simple moving average of $136.39.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last posted its quarterly earnings data on Thursday, April 18th. The semiconductor company reported $1.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.29 by $0.09. Taiwan Semiconductor Manufacturing had a net margin of 38.15% and a return on equity of 24.75%. The company had revenue of $18.87 billion for the quarter, compared to the consensus estimate of $18.38 billion. Equities research analysts predict that Taiwan Semiconductor Manufacturing Company Limited will post 6.13 earnings per share for the current year.

Taiwan Semiconductor Manufacturing Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 9th. Investors of record on Thursday, September 12th will be paid a $0.4865 dividend. The ex-dividend date is Thursday, September 12th. This is a boost from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.44. This represents a $1.95 annualized dividend and a dividend yield of 1.07%. Taiwan Semiconductor Manufacturing’s dividend payout ratio (DPR) is currently 32.76%.

Wall Street Analysts Forecast Growth

Several brokerages have commented on TSM. Needham & Company LLC restated a “buy” rating and set a $168.00 target price on shares of Taiwan Semiconductor Manufacturing in a report on Wednesday, May 22nd. Susquehanna raised their target price on shares of Taiwan Semiconductor Manufacturing from $180.00 to $200.00 and gave the stock a “positive” rating in a report on Monday, June 17th. TD Cowen raised their target price on shares of Taiwan Semiconductor Manufacturing from $100.00 to $130.00 and gave the stock a “hold” rating in a report on Thursday, April 18th. StockNews.com upgraded shares of Taiwan Semiconductor Manufacturing from a “hold” rating to a “buy” rating in a report on Thursday, April 11th. Finally, Barclays raised their target price on shares of Taiwan Semiconductor Manufacturing from $150.00 to $170.00 and gave the stock an “overweight” rating in a report on Wednesday, June 5th. One analyst has rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $173.60.

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.