Metropolis Capital Ltd Increases Position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Metropolis Capital Ltd boosted its position in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 62.6% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 623,621 shares of the semiconductor company’s stock after acquiring an additional 240,069 shares during the period. Taiwan Semiconductor Manufacturing accounts for 3.8% of Metropolis Capital Ltd’s holdings, making the stock its 12th biggest position. Metropolis Capital Ltd’s holdings in Taiwan Semiconductor Manufacturing were worth $103,521,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in TSM. Tallon Kerry Patrick purchased a new position in Taiwan Semiconductor Manufacturing during the fourth quarter worth approximately $228,000. LaFleur & Godfrey LLC purchased a new position in Taiwan Semiconductor Manufacturing during the fourth quarter worth approximately $221,000. Brighton Jones LLC increased its position in Taiwan Semiconductor Manufacturing by 20.9% during the fourth quarter. Brighton Jones LLC now owns 10,930 shares of the semiconductor company’s stock worth $2,159,000 after purchasing an additional 1,892 shares during the last quarter. Union Bancaire Privee UBP SA purchased a new stake in shares of Taiwan Semiconductor Manufacturing during the 4th quarter valued at approximately $91,830,000. Finally, Stonebridge Financial Group LLC acquired a new position in Taiwan Semiconductor Manufacturing in the fourth quarter valued at about $25,000. Hedge funds and other institutional investors own 16.51% of the company’s stock.

Analyst Ratings Changes

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

Taiwan Semiconductor Manufacturing Price Performance

Taiwan Semiconductor Manufacturing stock opened at $211.07 on Friday. The firm has a fifty day moving average of $180.24 and a 200-day moving average of $188.72. The firm has a market capitalization of $1.09 trillion, a P/E ratio of 29.98, a PEG ratio of 0.66 and a beta of 1.27. The company has a quick ratio of 2.30, a current ratio of 2.57 and a debt-to-equity ratio of 0.24. Taiwan Semiconductor Manufacturing Company Limited has a 52-week low of $133.57 and a 52-week high of $226.40.

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

Taiwan Semiconductor Manufacturing Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 9th. Shareholders of record on Tuesday, September 16th will be issued a $0.6499 dividend. This represents a $2.60 dividend on an annualized basis and a yield of 1.23%. The ex-dividend date is Tuesday, September 16th. Taiwan Semiconductor Manufacturing’s payout ratio is 30.46%.

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.