Locust Wood Capital Advisers LLC Acquires 68,094 Shares of Taiwan Semiconductor Manufacturing Company Ltd. $TSM

Locust Wood Capital Advisers LLC grew its holdings in shares of Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM) by 6.6% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,102,061 shares of the semiconductor company’s stock after buying an additional 68,094 shares during the period. Taiwan Semiconductor Manufacturing makes up 6.6% of Locust Wood Capital Advisers LLC’s investment portfolio, making the stock its largest holding. Locust Wood Capital Advisers LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $249,606,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the stock. Sands Capital Management LLC lifted its position in shares of Taiwan Semiconductor Manufacturing by 6.5% during the 2nd quarter. Sands Capital Management LLC now owns 8,552,278 shares of the semiconductor company’s stock valued at $1,937,005,000 after acquiring an additional 524,960 shares during the period. Triavera Capital LLC grew its holdings in Taiwan Semiconductor Manufacturing by 4.4% in the second quarter. Triavera Capital LLC now owns 59,758 shares of the semiconductor company’s stock worth $13,535,000 after purchasing an additional 2,525 shares during the period. Twin Peaks Wealth Advisors LLC bought a new stake in Taiwan Semiconductor Manufacturing in the second quarter valued at $278,000. Berbice Capital Management LLC increased its stake in Taiwan Semiconductor Manufacturing by 11.3% in the second quarter. Berbice Capital Management LLC now owns 6,650 shares of the semiconductor company’s stock valued at $1,506,000 after purchasing an additional 673 shares in the last quarter. Finally, Groupe la Francaise raised its holdings in shares of Taiwan Semiconductor Manufacturing by 14.0% during the second quarter. Groupe la Francaise now owns 381,150 shares of the semiconductor company’s stock valued at $85,951,000 after purchasing an additional 46,891 shares during the period. Institutional investors own 16.51% of the company’s stock.

Wall Street Analyst Weigh In

TSM has been the subject of several research reports. Needham & Company LLC restated a “buy” rating and issued a $360.00 target price on shares of Taiwan Semiconductor Manufacturing in a research note on Monday, October 27th. Wall Street Zen cut Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a research note on Friday, November 28th. Itau BBA Securities began coverage on Taiwan Semiconductor Manufacturing in a report on Tuesday, October 7th. They set an “outperform” rating for the company. Susquehanna increased their target price on Taiwan Semiconductor Manufacturing from $300.00 to $400.00 and gave the stock a “positive” rating in a report on Friday, October 10th. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of Taiwan Semiconductor Manufacturing in a research report on Monday. Six equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of $371.67.

Taiwan Semiconductor Manufacturing Stock Performance

Shares of Taiwan Semiconductor Manufacturing stock opened at $292.36 on Wednesday. Taiwan Semiconductor Manufacturing Company Ltd. has a 52 week low of $134.25 and a 52 week high of $311.37. The company has a quick ratio of 2.15, a current ratio of 2.37 and a debt-to-equity ratio of 0.20. The business has a 50 day moving average price of $290.81 and a 200-day moving average price of $251.25. The company has a market cap of $1.52 trillion, a PE ratio of 29.99, a price-to-earnings-growth ratio of 1.02 and a beta of 1.31.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last announced its earnings results on Thursday, October 16th. The semiconductor company reported $2.92 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.59 by $0.33. Taiwan Semiconductor Manufacturing had a return on equity of 36.06% and a net margin of 43.72%.The company had revenue of $32.36 billion for the quarter, compared to analysts’ expectations of $951.89 billion. During the same quarter in the previous year, the firm earned $1.94 earnings per share. Taiwan Semiconductor Manufacturing’s quarterly revenue was up 40.1% on a year-over-year basis. Equities analysts anticipate that Taiwan Semiconductor Manufacturing Company Ltd. will post 9.2 earnings per share for the current fiscal year.

Taiwan Semiconductor Manufacturing Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 9th. Stockholders of record on Tuesday, March 17th will be paid a $0.9678 dividend. This represents a $3.87 annualized dividend and a dividend yield of 1.3%. The ex-dividend date is Tuesday, March 17th. This is a positive change from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.83. Taiwan Semiconductor Manufacturing’s dividend payout ratio (DPR) is currently 25.74%.

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.