Lone Pine Capital LLC Has $778.20 Million Holdings in Taiwan Semiconductor Manufacturing Company Ltd. $TSM

Lone Pine Capital LLC lessened its holdings in shares of Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM) by 11.1% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,435,920 shares of the semiconductor company’s stock after selling 429,461 shares during the period. Taiwan Semiconductor Manufacturing accounts for about 5.5% of Lone Pine Capital LLC’s investment portfolio, making the stock its 5th biggest holding. Lone Pine Capital LLC owned 0.07% of Taiwan Semiconductor Manufacturing worth $778,202,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Helium Advisors LLC raised its stake in Taiwan Semiconductor Manufacturing by 8.0% during the 2nd quarter. Helium Advisors LLC now owns 1,961 shares of the semiconductor company’s stock valued at $444,000 after acquiring an additional 145 shares in the last quarter. Hillman Capital Management Inc. increased its holdings in shares of Taiwan Semiconductor Manufacturing by 792.4% during the second quarter. Hillman Capital Management Inc. now owns 16,099 shares of the semiconductor company’s stock valued at $3,646,000 after purchasing an additional 14,295 shares during the period. Hudson Bay Capital Management LP raised its stake in shares of Taiwan Semiconductor Manufacturing by 117.6% during the second quarter. Hudson Bay Capital Management LP now owns 60,321 shares of the semiconductor company’s stock valued at $13,662,000 after purchasing an additional 403,822 shares in the last quarter. ICONIQ Capital LLC bought a new stake in shares of Taiwan Semiconductor Manufacturing during the second quarter valued at about $63,488,000. Finally, IHT Wealth Management LLC lifted its holdings in Taiwan Semiconductor Manufacturing by 4.7% in the second quarter. IHT Wealth Management LLC now owns 11,254 shares of the semiconductor company’s stock worth $2,549,000 after purchasing an additional 501 shares during the period. 16.51% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on TSM shares. Wall Street Zen cut shares of Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a research note on Saturday, December 6th. Susquehanna increased their price objective on shares of Taiwan Semiconductor Manufacturing from $300.00 to $400.00 and gave the company a “positive” rating in a report on Friday, October 10th. Needham & Company LLC reiterated a “buy” rating and set a $360.00 price objective on shares of Taiwan Semiconductor Manufacturing in a research note on Monday, October 27th. Citigroup reissued a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a report on Friday, October 17th. Finally, Itau BBA Securities started coverage on Taiwan Semiconductor Manufacturing in a research note on Tuesday, October 7th. They set an “outperform” rating for the company. Seven research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock has an average rating of “Buy” and an average price target of $355.00.

Taiwan Semiconductor Manufacturing Stock Down 4.3%

TSM stock opened at $291.87 on Friday. The firm has a market cap of $1.51 trillion, a PE ratio of 29.94, a P/E/G ratio of 1.05 and a beta of 1.31. Taiwan Semiconductor Manufacturing Company Ltd. has a 12 month low of $134.25 and a 12 month high of $313.98. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.69 and a quick ratio of 2.47. The firm has a 50 day simple moving average of $293.64 and a 200 day simple moving average of $256.34.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last posted its quarterly earnings results on Thursday, October 16th. The semiconductor company reported $2.92 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.59 by $0.33. Taiwan Semiconductor Manufacturing had a return on equity of 34.34% and a net margin of 43.72%.The company had revenue of $32.36 billion for the quarter, compared to analysts’ expectations of $951.89 billion. During the same quarter in the prior year, the company earned $1.94 earnings per share. The firm’s revenue was up 40.1% on a year-over-year basis. Equities research analysts forecast that Taiwan Semiconductor Manufacturing Company Ltd. will post 9.2 earnings per share for the current fiscal year.

Taiwan Semiconductor Manufacturing Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 9th. Stockholders of record on Tuesday, March 17th will be issued a dividend of $0.9678 per share. This is a positive change from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.83. This represents a $3.87 annualized dividend and a dividend yield of 1.3%. The ex-dividend date of this dividend is Tuesday, March 17th. Taiwan Semiconductor Manufacturing’s dividend payout ratio (DPR) is currently 25.85%.

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.