Taiwan Semiconductor Manufacturing Company Ltd. $TSM Stock Position Boosted by Absoluto Partners Gestao de Recursos Ltda

Absoluto Partners Gestao de Recursos Ltda boosted its holdings in Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM) by 21.1% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 27,826 shares of the semiconductor company’s stock after buying an additional 4,851 shares during the period. Taiwan Semiconductor Manufacturing accounts for approximately 3.8% of Absoluto Partners Gestao de Recursos Ltda’s holdings, making the stock its 6th largest holding. Absoluto Partners Gestao de Recursos Ltda’s holdings in Taiwan Semiconductor Manufacturing were worth $6,302,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Challenger Wealth Management boosted its holdings in shares of Taiwan Semiconductor Manufacturing by 34.5% in the 2nd quarter. Challenger Wealth Management now owns 5,732 shares of the semiconductor company’s stock valued at $1,298,000 after purchasing an additional 1,470 shares during the last quarter. Jupiter Wealth Management LLC increased its holdings in shares of Taiwan Semiconductor Manufacturing by 8.3% during the 2nd quarter. Jupiter Wealth Management LLC now owns 12,387 shares of the semiconductor company’s stock worth $2,991,000 after buying an additional 950 shares during the last quarter. Ausdal Financial Partners Inc. raised its position in shares of Taiwan Semiconductor Manufacturing by 24.5% in the 2nd quarter. Ausdal Financial Partners Inc. now owns 6,049 shares of the semiconductor company’s stock worth $1,370,000 after buying an additional 1,191 shares during the period. Raymond James Financial Inc. boosted its holdings in Taiwan Semiconductor Manufacturing by 9.8% in the second quarter. Raymond James Financial Inc. now owns 2,447,227 shares of the semiconductor company’s stock valued at $554,272,000 after acquiring an additional 218,886 shares during the last quarter. Finally, Maverick Capital Ltd. grew its position in Taiwan Semiconductor Manufacturing by 20.7% during the second quarter. Maverick Capital Ltd. now owns 1,760,017 shares of the semiconductor company’s stock valued at $398,626,000 after acquiring an additional 301,881 shares during the period. Institutional investors and hedge funds own 16.51% of the company’s stock.

Taiwan Semiconductor Manufacturing Stock Performance

Shares of TSM opened at $291.87 on Friday. Taiwan Semiconductor Manufacturing Company Ltd. has a 52-week low of $134.25 and a 52-week high of $313.98. The company has a quick ratio of 2.47, a current ratio of 2.69 and a debt-to-equity ratio of 0.19. The firm has a 50-day moving average price of $293.64 and a 200 day moving average price of $256.34. The firm has a market capitalization of $1.51 trillion, a PE ratio of 29.94, a P/E/G ratio of 1.05 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 for the quarter, beating the consensus estimate of $2.59 by $0.33. The business had revenue of $32.36 billion during the quarter, compared to analysts’ expectations of $951.89 billion. Taiwan Semiconductor Manufacturing had a return on equity of 34.34% and a net margin of 43.72%.The company’s quarterly revenue was up 40.1% on a year-over-year basis. During the same quarter last year, the business posted $1.94 earnings per share. On average, sell-side 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 firm also recently announced a quarterly dividend, which will be paid on Thursday, April 9th. Investors of record on Tuesday, March 17th will be issued a dividend of $0.9678 per share. The ex-dividend date is Tuesday, March 17th. This is a positive change from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.83. This represents a $3.87 dividend on an annualized basis and a yield of 1.3%. Taiwan Semiconductor Manufacturing’s payout ratio is 25.85%.

Analyst Ratings Changes

A number of equities analysts have recently commented on TSM shares. Citigroup restated a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a report on Friday, October 17th. Needham & Company LLC reaffirmed a “buy” rating and issued a $360.00 target price on shares of Taiwan Semiconductor Manufacturing in a research report on Monday, October 27th. Itau BBA Securities started coverage on shares of Taiwan Semiconductor Manufacturing in a research report on Tuesday, October 7th. They issued an “outperform” rating for the company. Barclays upped their target price on Taiwan Semiconductor Manufacturing from $330.00 to $355.00 and gave the company an “overweight” rating in a research report on Friday, October 17th. Finally, UBS Group set a $330.00 target price on shares of Taiwan Semiconductor Manufacturing in a research report on Sunday, December 7th. Seven analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company presently has an average rating of “Buy” and an average target price of $355.00.

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.