Deepwater Asset Management LLC Purchases New Position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Deepwater Asset Management LLC purchased a new stake in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 12,175 shares of the semiconductor company’s stock, valued at approximately $1,266,000. Taiwan Semiconductor Manufacturing comprises approximately 0.5% of Deepwater Asset Management LLC’s portfolio, making the stock its 24th largest holding.

A number of other institutional investors and hedge funds have also recently bought and sold shares of TSM. Family Legacy Inc. raised its holdings in shares of Taiwan Semiconductor Manufacturing by 1.4% in the fourth quarter. Family Legacy Inc. now owns 30,134 shares of the semiconductor company’s stock valued at $3,134,000 after buying an additional 427 shares during the last quarter. Monarch Capital Management Inc. purchased a new stake in shares of Taiwan Semiconductor Manufacturing in the fourth quarter valued at about $206,000. PFG Investments LLC raised its holdings in shares of Taiwan Semiconductor Manufacturing by 13.6% in the fourth quarter. PFG Investments LLC now owns 3,873 shares of the semiconductor company’s stock valued at $403,000 after buying an additional 465 shares during the last quarter. Trust Co of the South purchased a new stake in shares of Taiwan Semiconductor Manufacturing in the fourth quarter valued at about $283,000. Finally, Schechter Investment Advisors LLC raised its holdings in shares of Taiwan Semiconductor Manufacturing by 1.1% in the fourth quarter. Schechter Investment Advisors LLC now owns 31,073 shares of the semiconductor company’s stock valued at $3,232,000 after buying an additional 327 shares during the last quarter. 16.51% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have recently commented on TSM shares. TD Cowen upped their target price on shares of Taiwan Semiconductor Manufacturing from $85.00 to $95.00 and gave the company a “market perform” rating in a report on Friday, January 12th. Barclays increased their price target on shares of Taiwan Semiconductor Manufacturing from $110.00 to $125.00 and gave the stock an “overweight” rating in a report on Friday, January 19th. StockNews.com raised shares of Taiwan Semiconductor Manufacturing from a “hold” rating to a “buy” rating in a report on Friday, December 8th. Needham & Company LLC increased their price target on shares of Taiwan Semiconductor Manufacturing from $115.00 to $133.00 and gave the stock a “buy” rating in a report on Friday, January 19th. Finally, Susquehanna increased their price target on shares of Taiwan Semiconductor Manufacturing from $130.00 to $160.00 and gave the stock a “positive” rating in a report on Tuesday, February 13th. One analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $128.25.

Taiwan Semiconductor Manufacturing Price Performance

TSM traded down $1.45 on Tuesday, hitting $138.78. 10,770,303 shares of the company were exchanged, compared to its average volume of 15,818,899. The company has a debt-to-equity ratio of 0.26, a quick ratio of 2.13 and a current ratio of 2.40. The business’s fifty day moving average is $127.68 and its 200 day moving average is $106.43. Taiwan Semiconductor Manufacturing Company Limited has a fifty-two week low of $81.21 and a fifty-two week high of $158.40. The firm has a market capitalization of $719.77 billion, a P/E ratio of 26.79, a price-to-earnings-growth ratio of 1.07 and a beta of 1.15.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last issued its earnings results on Thursday, January 18th. The semiconductor company reported $1.44 earnings per share for the quarter, topping the consensus estimate of $1.37 by $0.07. Taiwan Semiconductor Manufacturing had a net margin of 38.80% and a return on equity of 25.24%. The company had revenue of $19.62 billion for the quarter, compared to analyst estimates of $18.99 billion. As a group, sell-side analysts anticipate that Taiwan Semiconductor Manufacturing Company Limited will post 6.19 EPS for the current year.

Taiwan Semiconductor Manufacturing Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 11th. Shareholders of record on Thursday, June 13th will be given a dividend of $0.4408 per share. The ex-dividend date of this dividend is Thursday, June 13th. This represents a $1.76 annualized dividend and a yield of 1.27%. Taiwan Semiconductor Manufacturing’s payout ratio is currently 33.78%.

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 complementary metal oxide silicon wafer fabrication processes to manufacture logic, mixed-signal, radio frequency, and embedded memory semiconductors.