Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) Shares Bought by Caprock Group LLC

Caprock Group LLC lifted its position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 68.1% during the second quarter, Holdings Channel reports. The institutional investor owned 61,649 shares of the semiconductor company’s stock after buying an additional 24,965 shares during the quarter. Caprock Group LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $10,749,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Johnson Financial Group Inc. acquired a new position in Taiwan Semiconductor Manufacturing in the fourth quarter worth approximately $25,000. Atlantic Edge Private Wealth Management LLC acquired a new position in shares of Taiwan Semiconductor Manufacturing in the 2nd quarter worth $25,000. LifeSteps Financial Inc. acquired a new stake in shares of Taiwan Semiconductor Manufacturing during the first quarter worth $27,000. Olistico Wealth LLC purchased a new stake in shares of Taiwan Semiconductor Manufacturing during the second quarter valued at $27,000. Finally, North Star Investment Management Corp. boosted its position in shares of Taiwan Semiconductor Manufacturing by 670.4% in the 1st quarter. North Star Investment Management Corp. now owns 208 shares of the semiconductor company’s stock valued at $28,000 after purchasing an additional 181 shares during the period. Institutional investors and hedge funds own 16.51% of the company’s stock.

Taiwan Semiconductor Manufacturing Stock Down 4.2 %

TSM stock opened at $156.82 on Friday. The company has a 50 day moving average of $169.79 and a two-hundred day moving average of $155.29. The company has a market cap of $813.33 billion, a price-to-earnings ratio of 29.87, a PEG ratio of 0.94 and a beta of 1.14. Taiwan Semiconductor Manufacturing Company Limited has a 12-month low of $84.01 and a 12-month high of $193.47. 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 (NYSE:TSM) last released its quarterly earnings data on Thursday, July 18th. The semiconductor company reported $1.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $20.82 billion during the quarter, compared to analysts’ expectations of $20.33 billion. During the same quarter last year, the firm earned $1.14 earnings per share. The business’s revenue for the quarter was up 34.6% on a year-over-year basis. On average, equities analysts anticipate that Taiwan Semiconductor Manufacturing Company Limited will post 6.45 earnings per share for the current fiscal year.

Taiwan Semiconductor Manufacturing Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 9th. Investors of record on Thursday, December 12th will be issued a $0.4871 dividend. The ex-dividend date is Thursday, December 12th. This represents a $1.95 dividend on an annualized basis and a yield of 1.24%. This is an increase from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. Taiwan Semiconductor Manufacturing’s dividend payout ratio is currently 37.52%.

Wall Street Analysts Forecast Growth

A number of analysts have commented on TSM shares. Needham & Company LLC upped their price objective on shares of Taiwan Semiconductor Manufacturing from $168.00 to $210.00 and gave the company a “buy” rating in a research note on Monday, July 15th. Barclays upped their price target on shares of Taiwan Semiconductor Manufacturing from $150.00 to $170.00 and gave the company an “overweight” rating in a research report on Wednesday, June 5th. TD Cowen lifted their price objective on shares of Taiwan Semiconductor Manufacturing from $130.00 to $170.00 and gave the stock a “hold” rating in a research report 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. Finally, Sanford C. Bernstein raised their target price on Taiwan Semiconductor Manufacturing from $150.00 to $200.00 and gave the stock an “outperform” rating in a research report on Thursday, June 20th. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $200.00.

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.