ARGA Investment Management LP Has $144.54 Million Stake in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

ARGA Investment Management LP trimmed its holdings in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 0.9% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 832,279 shares of the semiconductor company’s stock after selling 7,981 shares during the quarter. Taiwan Semiconductor Manufacturing comprises about 4.8% of ARGA Investment Management LP’s portfolio, making the stock its 7th biggest position. ARGA Investment Management LP’s holdings in Taiwan Semiconductor Manufacturing were worth $144,542,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Maverick Capital Ltd. grew its holdings in Taiwan Semiconductor Manufacturing by 26.1% in the third quarter. Maverick Capital Ltd. now owns 616,979 shares of the semiconductor company’s stock worth $107,151,000 after purchasing an additional 127,871 shares during the period. Kolinsky Wealth Management LLC grew its stake in shares of Taiwan Semiconductor Manufacturing by 3.7% in the 3rd quarter. Kolinsky Wealth Management LLC now owns 3,519 shares of the semiconductor company’s stock valued at $611,000 after buying an additional 127 shares during the period. Point72 Europe London LLP bought a new stake in Taiwan Semiconductor Manufacturing in the 3rd quarter valued at about $19,413,000. Consolidated Press International Holdings Ltd. raised its stake in Taiwan Semiconductor Manufacturing by 70.4% during the 3rd quarter. Consolidated Press International Holdings Ltd. now owns 2,026,277 shares of the semiconductor company’s stock worth $351,904,000 after buying an additional 837,302 shares during the period. Finally, Circle Wealth Management LLC boosted its holdings in Taiwan Semiconductor Manufacturing by 42.2% in the third quarter. Circle Wealth Management LLC now owns 20,187 shares of the semiconductor company’s stock worth $3,506,000 after acquiring an additional 5,992 shares in the last quarter. Institutional investors own 16.51% of the company’s stock.

Taiwan Semiconductor Manufacturing Trading Up 1.9 %

NYSE TSM opened at $184.66 on Friday. The company has a current ratio of 2.57, a quick ratio of 2.30 and a debt-to-equity ratio of 0.24. The business has a fifty day simple moving average of $189.16 and a 200 day simple moving average of $175.18. Taiwan Semiconductor Manufacturing Company Limited has a 12 month low of $95.25 and a 12 month high of $212.60. The firm has a market capitalization of $957.72 billion, a P/E ratio of 29.59, a PEG ratio of 0.85 and a beta of 1.12.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last announced its earnings results on Thursday, October 17th. The semiconductor company reported $1.94 EPS for the quarter, beating the consensus estimate of $1.74 by $0.20. Taiwan Semiconductor Manufacturing had a net margin of 39.10% and a return on equity of 27.44%. The company had revenue of $23.50 billion during the quarter, compared to the consensus estimate of $22.72 billion. On average, analysts predict that Taiwan Semiconductor Manufacturing Company Limited will post 6.95 EPS 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 10th. Stockholders of record on Tuesday, March 18th will be given a dividend of $0.5484 per share. This is an increase from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. This represents a $2.19 dividend on an annualized basis and a dividend yield of 1.19%. The ex-dividend date of this dividend is Tuesday, March 18th. Taiwan Semiconductor Manufacturing’s dividend payout ratio is currently 31.57%.

Analyst Upgrades and Downgrades

Several research firms have recently commented on TSM. StockNews.com downgraded Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a report on Sunday, November 17th. Barclays lifted their price target on shares of Taiwan Semiconductor Manufacturing from $215.00 to $240.00 and gave the company an “overweight” rating in a research report on Monday, November 18th. Needham & Company LLC restated a “buy” rating and set a $210.00 price objective on shares of Taiwan Semiconductor Manufacturing in a report on Thursday, October 17th. Finally, Susquehanna reiterated a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a report on Friday, October 18th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $214.00.

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.