Dorsal Capital Management LP Takes Position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Dorsal Capital Management LP bought a new position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) during the fourth quarter, according to its most recent disclosure with the SEC. The firm bought 450,000 shares of the semiconductor company’s stock, valued at approximately $88,870,000. Taiwan Semiconductor Manufacturing accounts for about 2.1% of Dorsal Capital Management LP’s investment portfolio, making the stock its 19th biggest holding.

Several other institutional investors and hedge funds also recently bought and sold shares of TSM. Birch Capital Management LLC lifted its holdings in Taiwan Semiconductor Manufacturing by 0.4% during the fourth quarter. Birch Capital Management LLC now owns 19,345 shares of the semiconductor company’s stock valued at $3,820,000 after purchasing an additional 85 shares in the last quarter. Oriental Harbor Investment Fund bought a new stake in shares of Taiwan Semiconductor Manufacturing during the 4th quarter valued at $32,743,000. Private Client Services LLC purchased a new position in shares of Taiwan Semiconductor Manufacturing during the 4th quarter valued at $201,000. Legacy Private Trust Co. boosted its holdings in Taiwan Semiconductor Manufacturing by 69.1% in the 4th quarter. Legacy Private Trust Co. now owns 2,785 shares of the semiconductor company’s stock worth $550,000 after buying an additional 1,138 shares during the period. Finally, ST Germain D J Co. Inc. increased its stake in Taiwan Semiconductor Manufacturing by 0.7% in the 4th quarter. ST Germain D J Co. Inc. now owns 9,339 shares of the semiconductor company’s stock worth $1,844,000 after buying an additional 61 shares in the last quarter. 16.51% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the company. StockNews.com lowered Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a research note on Tuesday, January 28th. Needham & Company LLC reaffirmed a “buy” rating and set a $225.00 price objective on shares of Taiwan Semiconductor Manufacturing in a report on Thursday, April 17th. Susquehanna reissued a “positive” rating on shares of Taiwan Semiconductor Manufacturing in a report on Friday, April 25th. Finally, Barclays reaffirmed a “hold” rating on shares of Taiwan Semiconductor Manufacturing in a research note on Friday, April 25th. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, Taiwan Semiconductor Manufacturing has an average rating of “Moderate Buy” and an average target price of $212.00.

Taiwan Semiconductor Manufacturing Trading Down 2.3 %

Shares of TSM opened at $172.36 on Wednesday. The stock has a market capitalization of $893.95 billion, a PE ratio of 24.48, a P/E/G ratio of 0.66 and a beta of 1.21. The company’s fifty day moving average is $165.86 and its 200 day moving average is $188.09. The company has a debt-to-equity ratio of 0.24, a quick ratio of 2.30 and a current ratio of 2.57. Taiwan Semiconductor Manufacturing Company Limited has a fifty-two week low of $133.57 and a fifty-two week high of $226.40.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last issued its quarterly earnings data on Thursday, April 17th. The semiconductor company reported $2.12 earnings per share for the quarter, topping the consensus estimate of $2.03 by $0.09. The company had revenue of $25.82 billion for the quarter, compared to analysts’ expectations of $834.10 billion. Taiwan Semiconductor Manufacturing had a return on equity of 30.47% and a net margin of 40.51%. Sell-side analysts expect that Taiwan Semiconductor Manufacturing Company Limited will post 9.2 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, July 10th. Shareholders of record on Thursday, June 12th will be paid a dividend of $0.6855 per share. This represents a $2.74 annualized dividend and a yield of 1.59%. This is a positive change from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.55. The ex-dividend date of this dividend is Thursday, June 12th. Taiwan Semiconductor Manufacturing’s payout ratio is presently 27.76%.

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.