Shaker Investments LLC OH Increases Stake in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Shaker Investments LLC OH boosted its stake in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 76.1% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 23,415 shares of the semiconductor company’s stock after purchasing an additional 10,122 shares during the period. Taiwan Semiconductor Manufacturing comprises 1.7% of Shaker Investments LLC OH’s investment portfolio, making the stock its 15th largest position. Shaker Investments LLC OH’s holdings in Taiwan Semiconductor Manufacturing were worth $4,066,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also bought and sold shares of the stock. Carnegie Investment Counsel increased its stake in Taiwan Semiconductor Manufacturing by 119.6% in the 3rd quarter. Carnegie Investment Counsel now owns 14,406 shares of the semiconductor company’s stock worth $2,502,000 after purchasing an additional 7,846 shares during the period. Annex Advisory Services LLC increased its stake in shares of Taiwan Semiconductor Manufacturing by 2.8% during the third quarter. Annex Advisory Services LLC now owns 47,966 shares of the semiconductor company’s stock valued at $8,330,000 after buying an additional 1,309 shares during the period. Westend Capital Management LLC increased its stake in shares of Taiwan Semiconductor Manufacturing by 0.7% during the third quarter. Westend Capital Management LLC now owns 39,112 shares of the semiconductor company’s stock valued at $6,793,000 after buying an additional 267 shares during the period. Silverlake Wealth Management LLC increased its stake in shares of Taiwan Semiconductor Manufacturing by 3.3% during the third quarter. Silverlake Wealth Management LLC now owns 2,457 shares of the semiconductor company’s stock valued at $427,000 after buying an additional 79 shares during the period. Finally, Atwater Malick LLC increased its stake in shares of Taiwan Semiconductor Manufacturing by 5.6% during the third quarter. Atwater Malick LLC now owns 2,047 shares of the semiconductor company’s stock valued at $356,000 after buying an additional 108 shares during the period. 16.51% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on TSM shares. TD Cowen boosted their target price on Taiwan Semiconductor Manufacturing from $130.00 to $170.00 and gave the company a “hold” rating in a research note on Thursday, July 18th. Susquehanna reissued a “positive” rating and set a $250.00 target price on shares of Taiwan Semiconductor Manufacturing in a research note on Wednesday, August 14th. Sanford C. Bernstein boosted their target price on Taiwan Semiconductor Manufacturing from $150.00 to $200.00 and gave the company an “outperform” rating in a research note on Thursday, June 20th. Finally, Needham & Company LLC boosted their target price on Taiwan Semiconductor Manufacturing from $168.00 to $210.00 and gave the company a “buy” rating in a research note on Monday, July 15th. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $200.00.

Taiwan Semiconductor Manufacturing Trading Up 2.7 %

NYSE TSM opened at $190.81 on Friday. The company has a quick ratio of 2.21, a current ratio of 2.47 and a debt-to-equity ratio of 0.26. Taiwan Semiconductor Manufacturing Company Limited has a twelve month low of $84.95 and a twelve month high of $193.47. The firm has a market capitalization of $989.62 billion, a PE ratio of 34.13, a P/E/G ratio of 1.09 and a beta of 1.14. The stock’s 50 day moving average is $171.64 and its 200 day moving average is $162.29.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last released its quarterly earnings results on Thursday, July 18th. The semiconductor company reported $1.48 earnings per share for the quarter, beating the consensus estimate of $1.37 by $0.11. Taiwan Semiconductor Manufacturing had a return on equity of 25.54% and a net margin of 37.85%. The company had revenue of $20.82 billion for the quarter, compared to analyst estimates of $20.33 billion. During the same period in the previous year, the company posted $1.14 earnings per share. The firm’s revenue was up 34.6% on a year-over-year basis. Research analysts forecast that Taiwan Semiconductor Manufacturing Company Limited will post 6.45 earnings per share for the current fiscal year.

Taiwan Semiconductor Manufacturing Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 9th. Stockholders of record on Thursday, December 12th will be issued a dividend of $0.4871 per share. This is an increase from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. This represents a $1.95 dividend on an annualized basis and a dividend yield of 1.02%. The ex-dividend date of this dividend is Thursday, December 12th. Taiwan Semiconductor Manufacturing’s dividend payout ratio is presently 35.24%.

Taiwan Semiconductor Manufacturing Company 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.