SCS Capital Management LLC Raises Holdings in Taiwan Semiconductor Manufacturing Company Ltd. $TSM

SCS Capital Management LLC lifted its position in Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM) by 284.1% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 57,939 shares of the semiconductor company’s stock after purchasing an additional 42,853 shares during the quarter. SCS Capital Management LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $13,157,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Brighton Jones LLC boosted its position in shares of Taiwan Semiconductor Manufacturing by 20.9% during the 4th quarter. Brighton Jones LLC now owns 10,930 shares of the semiconductor company’s stock valued at $2,159,000 after acquiring an additional 1,892 shares during the last quarter. Mutual of America Capital Management LLC bought a new position in Taiwan Semiconductor Manufacturing during the first quarter valued at $6,344,000. Cary Street Partners Financial LLC lifted its position in Taiwan Semiconductor Manufacturing by 52.8% during the first quarter. Cary Street Partners Financial LLC now owns 11,560 shares of the semiconductor company’s stock valued at $1,919,000 after purchasing an additional 3,997 shares during the last quarter. Nicholas Hoffman & Company LLC. grew its stake in shares of Taiwan Semiconductor Manufacturing by 8.4% in the 1st quarter. Nicholas Hoffman & Company LLC. now owns 3,263 shares of the semiconductor company’s stock worth $542,000 after buying an additional 253 shares in the last quarter. Finally, Hemington Wealth Management increased its holdings in shares of Taiwan Semiconductor Manufacturing by 78.2% in the 1st quarter. Hemington Wealth Management now owns 253 shares of the semiconductor company’s stock worth $41,000 after buying an additional 111 shares during the last quarter. 16.51% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research analysts recently commented on the stock. Wall Street Zen downgraded shares of Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a report on Friday, November 28th. Itau BBA Securities began coverage on Taiwan Semiconductor Manufacturing in a research report on Tuesday, October 7th. They set an “outperform” rating on the stock. Citigroup reiterated a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a report on Friday, October 17th. Susquehanna increased their price target on Taiwan Semiconductor Manufacturing from $300.00 to $400.00 and gave the company a “positive” rating in a report on Friday, October 10th. Finally, Barclays raised their price target on Taiwan Semiconductor Manufacturing from $330.00 to $355.00 and gave the stock an “overweight” rating in a research report on Friday, October 17th. Six investment analysts have rated the stock with a Buy rating, According to MarketBeat, Taiwan Semiconductor Manufacturing currently has an average rating of “Buy” and an average target price of $371.67.

Taiwan Semiconductor Manufacturing Trading Down 0.9%

TSM opened at $292.69 on Friday. Taiwan Semiconductor Manufacturing Company Ltd. has a one year low of $134.25 and a one year high of $311.37. The company has a debt-to-equity ratio of 0.19, a quick ratio of 2.47 and a current ratio of 2.69. The stock has a market cap of $1.52 trillion, a price-to-earnings ratio of 30.02, a P/E/G ratio of 1.02 and a beta of 1.31. The stock’s 50 day moving average price is $291.42 and its 200-day moving average price is $251.85.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last posted its quarterly earnings data on Thursday, October 16th. The semiconductor company reported $2.92 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.59 by $0.33. Taiwan Semiconductor Manufacturing had a return on equity of 34.34% and a net margin of 43.72%.The company had revenue of $32.36 billion during the quarter, compared to analysts’ expectations of $951.89 billion. During the same quarter in the previous year, the business earned $1.94 EPS. Taiwan Semiconductor Manufacturing’s revenue was up 40.1% compared to the same quarter last year. On average, equities analysts forecast that Taiwan Semiconductor Manufacturing Company Ltd. will post 9.2 EPS for the current year.

Taiwan Semiconductor Manufacturing Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 9th. Investors of record on Tuesday, March 17th will be paid a $0.9678 dividend. The ex-dividend date of this dividend is Tuesday, March 17th. This represents a $3.87 annualized dividend and a yield of 1.3%. This is a boost from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.83. Taiwan Semiconductor Manufacturing’s payout ratio is 26.67%.

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.