Blue Whale Capital LLP Increases Stock Position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Blue Whale Capital LLP lifted its stake in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 49.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 640,961 shares of the semiconductor company’s stock after purchasing an additional 213,478 shares during the period. Taiwan Semiconductor Manufacturing accounts for 9.4% of Blue Whale Capital LLP’s investment portfolio, making the stock its 4th biggest holding. Blue Whale Capital LLP’s holdings in Taiwan Semiconductor Manufacturing were worth $126,583,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also bought and sold shares of TSM. Invesco Ltd. grew its stake in Taiwan Semiconductor Manufacturing by 37.9% in the 4th quarter. Invesco Ltd. now owns 4,178,381 shares of the semiconductor company’s stock valued at $825,188,000 after buying an additional 1,148,889 shares in the last quarter. Bank of Montreal Can raised its stake in shares of Taiwan Semiconductor Manufacturing by 38.3% during the 4th quarter. Bank of Montreal Can now owns 871,742 shares of the semiconductor company’s stock valued at $172,160,000 after purchasing an additional 241,414 shares during the period. Certior Financial Group LLC bought a new stake in shares of Taiwan Semiconductor Manufacturing during the 4th quarter valued at $348,000. Sierra Summit Advisors LLC bought a new position in Taiwan Semiconductor Manufacturing in the 4th quarter worth about $8,536,000. Finally, FMR LLC grew its holdings in Taiwan Semiconductor Manufacturing by 4.6% during the 4th quarter. FMR LLC now owns 58,547,257 shares of the semiconductor company’s stock valued at $11,562,498,000 after buying an additional 2,572,488 shares in the last quarter. Hedge funds and other institutional investors own 16.51% of the company’s stock.

Wall Street Analyst Weigh In

TSM has been the topic of a number of recent analyst reports. Needham & Company LLC reiterated a “buy” rating and issued a $225.00 price objective on shares of Taiwan Semiconductor Manufacturing in a research report on Tuesday, February 18th. Barclays raised their price objective on shares of Taiwan Semiconductor Manufacturing from $240.00 to $255.00 and gave the company an “overweight” rating in a research report on Friday, January 17th. Finally, StockNews.com cut Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a report on Tuesday, January 28th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $220.00.

Taiwan Semiconductor Manufacturing Trading Down 6.7 %

NYSE TSM opened at $146.88 on Monday. The stock’s 50 day moving average is $186.54 and its 200 day moving average is $192.44. The company has a quick ratio of 2.30, a current ratio of 2.57 and a debt-to-equity ratio of 0.24. The firm has a market capitalization of $761.76 billion, a PE ratio of 20.86, a P/E/G ratio of 0.66 and a beta of 1.16. Taiwan Semiconductor Manufacturing Company Limited has a twelve month low of $125.78 and a twelve month high of $226.40.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last posted its quarterly earnings data on Thursday, January 16th. The semiconductor company reported $2.24 EPS for the quarter, topping the consensus estimate of $2.16 by $0.08. Taiwan Semiconductor Manufacturing had a net margin of 40.51% and a return on equity of 30.47%. Research analysts forecast that Taiwan Semiconductor Manufacturing Company Limited will post 9.2 earnings per share for the current fiscal year.

Taiwan Semiconductor Manufacturing Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 10th. Investors of record on Thursday, June 12th will be given a dividend of $0.6855 per share. This represents a $2.74 annualized dividend and a yield of 1.87%. This is an increase from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.55. The ex-dividend date of this dividend is Thursday, June 12th. Taiwan Semiconductor Manufacturing’s dividend payout ratio is 30.68%.

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.