Locust Wood Capital Advisers LLC Grows Stock Position in Taiwan Semiconductor Manufacturing Company Ltd. $TSM

Locust Wood Capital Advisers LLC raised its stake in Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM) by 6.6% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,102,061 shares of the semiconductor company’s stock after acquiring an additional 68,094 shares during the quarter. Taiwan Semiconductor Manufacturing makes up approximately 6.6% of Locust Wood Capital Advisers LLC’s investment portfolio, making the stock its largest position. Locust Wood Capital Advisers LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $249,606,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in TSM. Sands Capital Management LLC increased its position in Taiwan Semiconductor Manufacturing by 6.5% during the 2nd quarter. Sands Capital Management LLC now owns 8,552,278 shares of the semiconductor company’s stock worth $1,937,005,000 after purchasing an additional 524,960 shares in the last quarter. Triavera Capital LLC boosted its position in Taiwan Semiconductor Manufacturing by 4.4% in the second quarter. Triavera Capital LLC now owns 59,758 shares of the semiconductor company’s stock valued at $13,535,000 after buying an additional 2,525 shares in the last quarter. Twin Peaks Wealth Advisors LLC bought a new stake in shares of Taiwan Semiconductor Manufacturing during the second quarter worth $278,000. Berbice Capital Management LLC grew its stake in shares of Taiwan Semiconductor Manufacturing by 11.3% during the second quarter. Berbice Capital Management LLC now owns 6,650 shares of the semiconductor company’s stock worth $1,506,000 after buying an additional 673 shares during the last quarter. Finally, Groupe la Francaise increased its holdings in shares of Taiwan Semiconductor Manufacturing by 14.0% during the second quarter. Groupe la Francaise now owns 381,150 shares of the semiconductor company’s stock worth $85,951,000 after buying an additional 46,891 shares in the last quarter. 16.51% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the company. Wall Street Zen downgraded Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a report on Friday, November 28th. Susquehanna increased their target price on Taiwan Semiconductor Manufacturing from $300.00 to $400.00 and gave the company a “positive” rating in a research report on Friday, October 10th. Barclays boosted their price target on Taiwan Semiconductor Manufacturing from $330.00 to $355.00 and gave the stock an “overweight” rating in a report on Friday, October 17th. Needham & Company LLC reiterated a “buy” rating and issued a $360.00 price objective on shares of Taiwan Semiconductor Manufacturing in a report on Monday, October 27th. Finally, Citigroup reiterated a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a research report on Friday, October 17th. Six investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Taiwan Semiconductor Manufacturing presently has an average rating of “Buy” and a consensus target price of $371.67.

Taiwan Semiconductor Manufacturing Trading Up 1.6%

Shares of TSM stock opened at $292.36 on Wednesday. Taiwan Semiconductor Manufacturing Company Ltd. has a 1-year low of $134.25 and a 1-year high of $311.37. The company has a current ratio of 2.37, a quick ratio of 2.15 and a debt-to-equity ratio of 0.20. The stock has a market cap of $1.52 trillion, a price-to-earnings ratio of 29.99, a PEG ratio of 1.02 and a beta of 1.31. The stock has a 50-day moving average of $290.81 and a 200-day moving average of $251.25.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last posted its quarterly earnings data on Thursday, October 16th. The semiconductor company reported $2.92 EPS for the quarter, topping analysts’ consensus estimates of $2.59 by $0.33. The company had revenue of $32.36 billion for the quarter, compared to analyst estimates of $951.89 billion. Taiwan Semiconductor Manufacturing had a return on equity of 36.06% and a net margin of 43.72%.The firm’s quarterly revenue was up 40.1% on a year-over-year basis. During the same period in the previous year, the firm earned $1.94 earnings per share. On average, equities research analysts forecast that Taiwan Semiconductor Manufacturing Company Ltd. will post 9.2 earnings per share for the current year.

Taiwan Semiconductor Manufacturing Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 9th. Stockholders of record on Tuesday, March 17th will be paid a $0.9678 dividend. The ex-dividend date of this dividend is Tuesday, March 17th. This represents a $3.87 dividend on an annualized basis and a dividend yield of 1.3%. This is an increase from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.83. Taiwan Semiconductor Manufacturing’s payout ratio is currently 25.74%.

About Taiwan Semiconductor Manufacturing

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.