Night Owl Capital Management LLC Has $28.65 Million Stock Position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Night Owl Capital Management LLC cut its holdings in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 29.4% during the 4th quarter, HoldingsChannel reports. The fund owned 145,088 shares of the semiconductor company’s stock after selling 60,507 shares during the quarter. Taiwan Semiconductor Manufacturing accounts for approximately 3.7% of Night Owl Capital Management LLC’s holdings, making the stock its 13th largest position. Night Owl Capital Management LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $28,653,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Noked Israel Ltd raised its position in shares of Taiwan Semiconductor Manufacturing by 1.1% in the fourth quarter. Noked Israel Ltd now owns 467,900 shares of the semiconductor company’s stock valued at $92,406,000 after buying an additional 5,100 shares in the last quarter. Northeast Financial Consultants Inc increased its stake in Taiwan Semiconductor Manufacturing by 4.0% during the 4th quarter. Northeast Financial Consultants Inc now owns 8,846 shares of the semiconductor company’s stock worth $1,747,000 after acquiring an additional 342 shares during the period. Nuveen Asset Management LLC raised its holdings in Taiwan Semiconductor Manufacturing by 11.6% in the 4th quarter. Nuveen Asset Management LLC now owns 3,943,461 shares of the semiconductor company’s stock valued at $778,794,000 after acquiring an additional 410,249 shares in the last quarter. Meridiem Capital Partners LP bought a new stake in shares of Taiwan Semiconductor Manufacturing during the 4th quarter valued at $27,884,000. Finally, Morse Asset Management Inc lifted its position in shares of Taiwan Semiconductor Manufacturing by 34.2% during the 4th quarter. Morse Asset Management Inc now owns 23,751 shares of the semiconductor company’s stock valued at $4,691,000 after acquiring an additional 6,048 shares during the period. 16.51% of the stock is owned by institutional investors.

Taiwan Semiconductor Manufacturing Trading Up 3.8%

TSM opened at $194.00 on Wednesday. The company’s 50 day moving average is $166.14 and its 200-day moving average is $187.43. The company has a market cap of $1.01 trillion, a P/E ratio of 27.56, a PEG ratio of 0.66 and a beta of 1.21. Taiwan Semiconductor Manufacturing Company Limited has a 1-year low of $133.57 and a 1-year high of $226.40. The company has a current ratio of 2.57, a quick ratio of 2.30 and a debt-to-equity ratio of 0.24.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last announced its quarterly earnings results on Thursday, April 17th. The semiconductor company reported $2.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.03 by $0.09. Taiwan Semiconductor Manufacturing had a net margin of 40.51% and a return on equity of 30.47%. The company had revenue of $25.82 billion during the quarter, compared to the consensus estimate of $834.10 billion. Equities research analysts predict 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 declared a quarterly dividend, which will be paid on Thursday, July 10th. Stockholders of record on Thursday, June 12th will be paid a dividend of $0.6855 per share. This represents a $2.74 dividend on an annualized basis and a dividend yield of 1.41%. This is a positive change from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.55. The ex-dividend date is Thursday, June 12th. Taiwan Semiconductor Manufacturing’s dividend payout ratio (DPR) is presently 27.76%.

Analysts Set New Price Targets

A number of research analysts recently commented on TSM shares. Barclays reaffirmed a “hold” rating on shares of Taiwan Semiconductor Manufacturing in a research note on Friday, April 25th. StockNews.com cut shares of Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a research report on Tuesday, January 28th. Needham & Company LLC reiterated a “buy” rating and set a $225.00 price target on shares of Taiwan Semiconductor Manufacturing in a research report on Thursday, April 17th. Finally, Susquehanna restated a “positive” rating on shares of Taiwan Semiconductor Manufacturing in a research report 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. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $212.00.

Taiwan Semiconductor Manufacturing 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.