Townsquare Capital LLC Boosts Holdings in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Townsquare Capital LLC increased its holdings in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 42.3% in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 79,557 shares of the semiconductor company’s stock after purchasing an additional 23,654 shares during the period. Townsquare Capital LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $13,817,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. NCP Inc. purchased a new stake in Taiwan Semiconductor Manufacturing during the third quarter valued at about $139,000. Baldwin Investment Management LLC boosted its holdings in Taiwan Semiconductor Manufacturing by 1.2% during the 3rd quarter. Baldwin Investment Management LLC now owns 16,216 shares of the semiconductor company’s stock valued at $2,816,000 after acquiring an additional 200 shares during the period. Transamerica Financial Advisors Inc. increased its stake in Taiwan Semiconductor Manufacturing by 2,166.2% in the 3rd quarter. Transamerica Financial Advisors Inc. now owns 1,541 shares of the semiconductor company’s stock worth $268,000 after purchasing an additional 1,473 shares during the period. Avestar Capital LLC lifted its position in Taiwan Semiconductor Manufacturing by 6.7% in the third quarter. Avestar Capital LLC now owns 7,391 shares of the semiconductor company’s stock valued at $1,284,000 after purchasing an additional 463 shares during the last quarter. Finally, Brooklyn Investment Group purchased a new stake in shares of Taiwan Semiconductor Manufacturing during the third quarter valued at approximately $73,000. Institutional investors own 16.51% of the company’s stock.

Taiwan Semiconductor Manufacturing Stock Performance

Shares of TSM opened at $183.80 on Wednesday. Taiwan Semiconductor Manufacturing Company Limited has a one year low of $95.25 and a one year high of $212.60. The company has a 50-day simple moving average of $188.57 and a two-hundred day simple moving average of $174.66. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.57 and a quick ratio of 2.30. The firm has a market capitalization of $953.26 billion, a PE ratio of 29.46, a price-to-earnings-growth ratio of 0.85 and a beta of 1.12.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last released its quarterly earnings results on Thursday, October 17th. The semiconductor company reported $1.94 earnings per share for the quarter, beating the consensus estimate of $1.74 by $0.20. The company had revenue of $23.50 billion for the quarter, compared to analyst estimates of $22.72 billion. Taiwan Semiconductor Manufacturing had a return on equity of 27.44% and a net margin of 39.10%. On average, analysts anticipate that Taiwan Semiconductor Manufacturing Company Limited will post 6.95 EPS for the current fiscal year.

Taiwan Semiconductor Manufacturing Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 10th. Investors of record on Tuesday, March 18th will be paid a $0.5484 dividend. This represents a $2.19 annualized dividend and a dividend yield of 1.19%. This is a positive change from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. The ex-dividend date is Tuesday, March 18th. Taiwan Semiconductor Manufacturing’s dividend payout ratio (DPR) is presently 31.57%.

Analyst Upgrades and Downgrades

TSM has been the subject of a number of recent analyst reports. StockNews.com lowered shares of Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a report on Sunday, November 17th. Susquehanna reissued a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a research note on Friday, October 18th. Needham & Company LLC reiterated a “buy” rating and issued a $210.00 price objective on shares of Taiwan Semiconductor Manufacturing in a report on Thursday, October 17th. Finally, Barclays lifted their price objective on Taiwan Semiconductor Manufacturing from $215.00 to $240.00 and gave the stock an “overweight” rating in a research report on Monday, November 18th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $214.00.

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.