Metropolis Capital Ltd Has $103.52 Million Stake in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Metropolis Capital Ltd boosted its holdings in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 62.6% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 623,621 shares of the semiconductor company’s stock after purchasing an additional 240,069 shares during the quarter. Taiwan Semiconductor Manufacturing comprises approximately 3.8% of Metropolis Capital Ltd’s holdings, making the stock its 12th largest position. Metropolis Capital Ltd’s holdings in Taiwan Semiconductor Manufacturing were worth $103,521,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Signature Resources Capital Management LLC increased its position in Taiwan Semiconductor Manufacturing by 138.8% in the 1st quarter. Signature Resources Capital Management LLC now owns 191 shares of the semiconductor company’s stock valued at $32,000 after acquiring an additional 111 shares in the last quarter. Elevation Point Wealth Partners LLC raised its stake in Taiwan Semiconductor Manufacturing by 3.7% during the 1st quarter. Elevation Point Wealth Partners LLC now owns 37,031 shares of the semiconductor company’s stock worth $6,147,000 after buying an additional 1,322 shares during the period. Salem Investment Counselors Inc. lifted its holdings in shares of Taiwan Semiconductor Manufacturing by 0.9% during the 1st quarter. Salem Investment Counselors Inc. now owns 89,523 shares of the semiconductor company’s stock valued at $14,867,000 after purchasing an additional 755 shares in the last quarter. Opinicus Capital Inc. boosted its holdings in shares of Taiwan Semiconductor Manufacturing by 5.5% in the first quarter. Opinicus Capital Inc. now owns 16,636 shares of the semiconductor company’s stock valued at $2,762,000 after buying an additional 863 shares during the period. Finally, Stanley Laman Group Ltd. increased its holdings in Taiwan Semiconductor Manufacturing by 30.0% during the 1st quarter. Stanley Laman Group Ltd. now owns 3,487 shares of the semiconductor company’s stock worth $579,000 after purchasing an additional 804 shares in the last quarter. 16.51% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have commented on TSM. Citigroup reissued a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a research report on Thursday, May 22nd. Barclays reaffirmed an “overweight” rating and set a $240.00 target price (up previously from $215.00) on shares of Taiwan Semiconductor Manufacturing in a report on Tuesday, June 3rd. Needham & Company LLC reiterated a “buy” rating and set a $225.00 price objective on shares of Taiwan Semiconductor Manufacturing in a research report on Thursday, April 17th. Finally, Susquehanna reiterated a “positive” rating on shares of Taiwan Semiconductor Manufacturing in a research report on Friday, April 25th. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $217.00.

Taiwan Semiconductor Manufacturing Stock Performance

Shares of TSM opened at $211.07 on Friday. The firm has a market capitalization of $1.09 trillion, a P/E ratio of 29.98, a P/E/G ratio of 0.66 and a beta of 1.27. The stock has a 50 day moving average price of $180.24 and a two-hundred day moving average price of $188.72. Taiwan Semiconductor Manufacturing Company Limited has a 52 week low of $133.57 and a 52 week high of $226.40. 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 (NYSE:TSM) last released its earnings results on Thursday, April 17th. The semiconductor company reported $2.12 earnings per share for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $25.82 billion for the quarter, compared to analysts’ expectations of $834.10 billion. Equities analysts forecast that Taiwan Semiconductor Manufacturing Company Limited will post 9.2 earnings per share for the current fiscal year.

Taiwan Semiconductor Manufacturing Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 9th. Investors of record on Tuesday, September 16th will be paid a dividend of $0.6499 per share. This represents a $2.60 annualized dividend and a yield of 1.23%. The ex-dividend date is Tuesday, September 16th. Taiwan Semiconductor Manufacturing’s dividend payout ratio is 30.46%.

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.