Taiwan Semiconductor Manufacturing Company Ltd. $TSM Stock: TT International Asset Management LTD Grows Stake

TT International Asset Management LTD increased its position in shares of Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM – Free Report) by 28.4% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 283,094 shares of the semiconductor company’s stock after acquiring an additional 62,687 shares during the quarter. Taiwan Semiconductor Manufacturing comprises about 14.4% of TT International Asset Management LTD’s investment portfolio, making the stock its largest position. TT International Asset Management LTD’s holdings in Taiwan Semiconductor Manufacturing were worth $129,145,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in the company. Tiger Global Management LLC raised its holdings in Taiwan Semiconductor Manufacturing by 49.4% during the 1st quarter. Tiger Global Management LLC now owns 5,565,074 shares of the semiconductor company’s stock worth $1,880,717,000 after purchasing an additional 1,839,600 shares during the last quarter. Fundsmith LLP acquired a new position in Taiwan Semiconductor Manufacturing during the 2nd quarter valued at about $548,465,000. Assenagon Asset Management S.A. acquired a new position in Taiwan Semiconductor Manufacturing during the 2nd quarter valued at about $490,461,000. Mirae Asset Global Investments Co. Ltd. acquired a new position in Taiwan Semiconductor Manufacturing during the 3rd quarter valued at about $444,923,000. Finally, Perseverance Asset Management International boosted its stake in shares of Taiwan Semiconductor Manufacturing by 1,453.9% in the 1st quarter. Perseverance Asset Management International now owns 446,505 shares of the semiconductor company’s stock valued at $150,896,000 after purchasing an additional 417,771 shares during the last quarter. Institutional investors own 16.51% of the company’s stock.

Taiwan Semiconductor Manufacturing Price Performance

Shares of TSM opened at $404.90 on Wednesday. The company has a current ratio of 2.46, a quick ratio of 2.25 and a debt-to-equity ratio of 0.14. Taiwan Semiconductor Manufacturing Company Ltd. has a 1 year low of $266.82 and a 1 year high of $487.47. The stock has a market cap of $2.10 trillion, a P/E ratio of 26.06, a price-to-earnings-growth ratio of 0.81 and a beta of 1.44. The stock’s 50-day moving average price is $434.50 and its two-hundred day moving average price is $400.22.

Taiwan Semiconductor Manufacturing (NYSE:TSM – Get Free Report) last posted its earnings results on Thursday, October 15th. The semiconductor company reported $4.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.45 by $0.15. The company had revenue of $46.72 billion during the quarter, compared to analyst estimates of $45.67 billion. Taiwan Semiconductor Manufacturing had a return on equity of 42.84% and a net margin of 51.51%. The company’s revenue for the quarter was up 41.2% compared to the same quarter last year. During the same period in the previous year, the company earned $2.92 EPS. On average, equities analysts predict that Taiwan Semiconductor Manufacturing Company Ltd. will post 17.07 earnings per share for the current year.

Taiwan Semiconductor Manufacturing Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 7th. Investors of record on Thursday, December 10th will be issued a dividend of $1.0854 per share. This is a decrease from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $1.1136. This represents a $4.34 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date is Thursday, December 10th. Taiwan Semiconductor Manufacturing’s dividend payout ratio is presently 22.27%.

Insider Buying and Selling

In other news, VP Lipen Yuan bought 1,000 shares of the stock in a transaction on Sunday, November 1st. The stock was purchased at an average price of $71.49 per share, with a total value of $71,490.00. Following the completion of the purchase, the vice president owned 8,000 shares of the company’s stock, valued at approximately $571,920. This trade represents a 14.29% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders have purchased a total of 7,043 shares of company stock valued at $529,416 over the last ninety days. 1.11% of the stock is currently owned by corporate insiders.

Taiwan Semiconductor Manufacturing News Summary

Here are the key news stories impacting Taiwan Semiconductor Manufacturing this week:

Analysts Set New Price Targets

TSM has been the subject of several analyst reports. Wall Street Zen cut shares of Taiwan Semiconductor Manufacturing from a “strong-buy” rating to a “buy” rating in a research report on Saturday, August 8th. Citigroup reissued a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a research note on Wednesday, October 7th. Zacks Research upgraded shares of Taiwan Semiconductor Manufacturing from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 16th. TD Cowen raised their price objective on shares of Taiwan Semiconductor Manufacturing from $400.00 to $440.00 and gave the company a “hold” rating in a research note on Friday, July 17th. Finally, Barclays upped their target price on shares of Taiwan Semiconductor Manufacturing from $665.00 to $670.00 and gave the company an “overweight” rating in a research report on Friday, October 16th. Three investment analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of $528.78.

Check Out Our Latest Research Report on Taiwan Semiconductor Manufacturing

Taiwan Semiconductor Manufacturing Profile

(Free Report)

Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM), commonly known as TSMC, is a dedicated semiconductor foundry headquartered in Hsinchu, Taiwan. The company manufactures integrated circuits for customers that design their own chips, allowing semiconductor, electronics, and technology companies to outsource production rather than operate their own fabrication facilities.

TSMC provides wafer fabrication services across a broad range of process technologies, including advanced nodes used in high-performance computing, smartphones, automotive systems, and artificial intelligence applications.

See Also

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Institutional Ownership by Quarter for Taiwan Semiconductor Manufacturing (NYSE:TSM)

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