Taiwan Semiconductor Manufacturing Company Ltd. $TSM Stock Holdings Increased by California First Leasing Corp

California First Leasing Corp raised its holdings in shares of Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM) by 7.7% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 36,550 shares of the semiconductor company’s stock after buying an additional 2,600 shares during the period. Taiwan Semiconductor Manufacturing comprises approximately 3.4% of California First Leasing Corp’s investment portfolio, making the stock its 11th biggest position. California First Leasing Corp’s holdings in Taiwan Semiconductor Manufacturing were worth $8,278,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in TSM. 1248 Management LLC purchased a new position in shares of Taiwan Semiconductor Manufacturing in the first quarter worth approximately $28,000. Mid American Wealth Advisory Group Inc. acquired a new position in Taiwan Semiconductor Manufacturing in the 2nd quarter worth approximately $33,000. First Command Advisory Services Inc. grew its position in Taiwan Semiconductor Manufacturing by 174.1% during the 2nd quarter. First Command Advisory Services Inc. now owns 159 shares of the semiconductor company’s stock worth $36,000 after purchasing an additional 101 shares in the last quarter. Keystone Global Partners LLC acquired a new stake in Taiwan Semiconductor Manufacturing during the 1st quarter valued at $49,000. Finally, VSM Wealth Advisory LLC acquired a new stake in Taiwan Semiconductor Manufacturing during the 2nd quarter valued at $50,000. Institutional investors and hedge funds own 16.51% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have commented on TSM shares. Barclays raised their price objective on Taiwan Semiconductor Manufacturing from $330.00 to $355.00 and gave the stock an “overweight” rating in a research report on Friday, October 17th. Citigroup reissued a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a research report on Friday, October 17th. Needham & Company LLC reaffirmed a “buy” rating and set a $360.00 price objective on shares of Taiwan Semiconductor Manufacturing in a research report on Monday, October 27th. Wall Street Zen lowered shares of Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a research note on Saturday. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of Taiwan Semiconductor Manufacturing in a research note on Monday, December 1st. Six investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of $371.67.

Taiwan Semiconductor Manufacturing Trading Up 0.6%

NYSE:TSM opened at $294.64 on Friday. The company’s 50 day moving average is $291.84 and its 200-day moving average is $252.96. The company has a quick ratio of 2.47, a current ratio of 2.69 and a debt-to-equity ratio of 0.19. Taiwan Semiconductor Manufacturing Company Ltd. has a 12 month low of $134.25 and a 12 month high of $311.37. The firm has a market cap of $1.53 trillion, a price-to-earnings ratio of 30.22, a P/E/G ratio of 1.01 and a beta of 1.31.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last released its quarterly earnings results on Thursday, October 16th. The semiconductor company reported $2.92 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.59 by $0.33. The company had revenue of $32.36 billion during the quarter, compared to analysts’ expectations of $951.89 billion. Taiwan Semiconductor Manufacturing had a net margin of 43.72% and a return on equity of 34.34%. The business’s quarterly revenue was up 40.1% compared to the same quarter last year. During the same period in the prior year, the company earned $1.94 earnings per share. Equities analysts anticipate that Taiwan Semiconductor Manufacturing Company Ltd. will post 9.2 EPS for the current year.

Taiwan Semiconductor Manufacturing Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 9th. Stockholders of record on Tuesday, March 17th will be issued a $0.9678 dividend. This represents a $3.87 annualized dividend and a dividend yield of 1.3%. The ex-dividend date of this dividend is Tuesday, March 17th. This is an increase from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.83. Taiwan Semiconductor Manufacturing’s dividend payout ratio (DPR) is presently 26.67%.

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.