Opinicus Capital Inc. Has $2.76 Million Stock Position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Opinicus Capital Inc. lifted its position in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 5.5% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 16,636 shares of the semiconductor company’s stock after purchasing an additional 863 shares during the period. Taiwan Semiconductor Manufacturing accounts for approximately 2.4% of Opinicus Capital Inc.’s investment portfolio, making the stock its 10th biggest holding. Opinicus Capital Inc.’s holdings in Taiwan Semiconductor Manufacturing were worth $2,762,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. FMR LLC increased its position 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 worth $11,562,498,000 after buying an additional 2,572,488 shares during the period. Sanders Capital LLC increased its position in Taiwan Semiconductor Manufacturing by 0.6% during the fourth quarter. Sanders Capital LLC now owns 41,877,457 shares of the semiconductor company’s stock worth $8,270,379,000 after acquiring an additional 231,310 shares during the period. Capital World Investors raised its stake in Taiwan Semiconductor Manufacturing by 0.8% in the 4th quarter. Capital World Investors now owns 35,602,400 shares of the semiconductor company’s stock worth $7,031,632,000 after purchasing an additional 294,316 shares in the last quarter. Capital International Investors raised its position in shares of Taiwan Semiconductor Manufacturing by 8.2% in the fourth quarter. Capital International Investors now owns 22,210,222 shares of the semiconductor company’s stock valued at $4,391,957,000 after buying an additional 1,683,256 shares in the last quarter. Finally, Van ECK Associates Corp boosted its stake in shares of Taiwan Semiconductor Manufacturing by 6.0% in the fourth quarter. Van ECK Associates Corp now owns 19,392,159 shares of the semiconductor company’s stock valued at $3,829,757,000 after buying an additional 1,102,166 shares during the period. 16.51% of the stock is owned by institutional investors and hedge funds.

Taiwan Semiconductor Manufacturing Stock Up 0.6%

TSM stock opened at $215.34 on Friday. The firm has a 50-day moving average price of $178.83 and a 200-day moving average price of $188.53. Taiwan Semiconductor Manufacturing Company Limited has a 12 month low of $133.57 and a 12 month high of $226.40. 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 stock has a market capitalization of $1.12 trillion, a P/E ratio of 30.59, a price-to-earnings-growth ratio of 0.66 and a beta of 1.27.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last announced its quarterly earnings results on Thursday, April 17th. The semiconductor company reported $2.12 EPS for the quarter, beating analysts’ consensus estimates of $2.03 by $0.09. The company had revenue of $25.82 billion during the quarter, compared to analysts’ expectations of $834.10 billion. Taiwan Semiconductor Manufacturing had a return on equity of 30.47% and a net margin of 40.51%. As a group, equities research analysts anticipate that Taiwan Semiconductor Manufacturing Company Limited will post 9.2 EPS for the current fiscal year.

Taiwan Semiconductor Manufacturing Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 9th. Stockholders of record on Tuesday, September 16th will be paid a dividend of $0.6499 per share. This represents a $2.60 dividend on an annualized basis and a dividend yield of 1.21%. The ex-dividend date of this dividend is Tuesday, September 16th. Taiwan Semiconductor Manufacturing’s payout ratio is 30.46%.

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. Susquehanna reaffirmed a “positive” rating on shares of Taiwan Semiconductor Manufacturing in a report on Friday, April 25th. Barclays restated an “overweight” rating and issued a $240.00 price target (up previously from $215.00) on shares of Taiwan Semiconductor Manufacturing in a research report on Tuesday, June 3rd. Needham & Company LLC reiterated a “buy” rating and set a $225.00 price objective on shares of Taiwan Semiconductor Manufacturing in a research note on Thursday, April 17th. Finally, Citigroup reissued a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a report on Thursday, May 22nd. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, Taiwan Semiconductor Manufacturing presently has a consensus rating of “Moderate Buy” and a consensus target price of $217.00.

Taiwan Semiconductor Manufacturing Company 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.