Lombard Odier Asset Management USA Corp Takes $2.83 Million Position in Taiwan Semiconductor Manufacturing Company Ltd. $TSM

Lombard Odier Asset Management USA Corp purchased a new stake in Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 12,474 shares of the semiconductor company’s stock, valued at approximately $2,825,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in TSM. London & Capital Asset Management Ltd raised its stake in Taiwan Semiconductor Manufacturing by 23.8% during the 2nd quarter. London & Capital Asset Management Ltd now owns 154,199 shares of the semiconductor company’s stock valued at $34,922,000 after purchasing an additional 29,606 shares during the period. Certuity LLC grew its holdings in shares of Taiwan Semiconductor Manufacturing by 93.3% during the second quarter. Certuity LLC now owns 2,409 shares of the semiconductor company’s stock valued at $546,000 after buying an additional 1,163 shares in the last quarter. Resolute Capital Asset Partners LLC raised its position in Taiwan Semiconductor Manufacturing by 100.2% during the second quarter. Resolute Capital Asset Partners LLC now owns 50,053 shares of the semiconductor company’s stock valued at $11,337,000 after buying an additional 25,053 shares during the period. Prime Capital Management Co Ltd purchased a new stake in Taiwan Semiconductor Manufacturing in the 2nd quarter worth about $74,211,000. Finally, CoreFirst Bank & Trust acquired a new stake in Taiwan Semiconductor Manufacturing during the 2nd quarter worth about $45,000. 16.51% of the stock is currently owned by hedge funds and other institutional investors.

Taiwan Semiconductor Manufacturing Trading Up 2.3%

Shares of NYSE:TSM opened at $301.48 on Tuesday. Taiwan Semiconductor Manufacturing Company Ltd. has a 1 year low of $134.25 and a 1 year high of $311.37. The firm has a fifty day moving average price of $292.40 and a 200 day moving average price of $254.13. The company has a current ratio of 2.69, a quick ratio of 2.47 and a debt-to-equity ratio of 0.19. The stock has a market capitalization of $1.56 trillion, a PE ratio of 30.92, a P/E/G ratio of 1.01 and a beta of 1.31.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last posted its earnings results on Thursday, October 16th. The semiconductor company reported $2.92 earnings per share for the quarter, topping the consensus estimate 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 firm had revenue of $32.36 billion during the quarter, compared to analyst estimates of $951.89 billion. During the same period in the previous year, the company earned $1.94 EPS. The company’s revenue for the quarter was up 40.1% on a year-over-year basis. Analysts expect that Taiwan Semiconductor Manufacturing Company Ltd. will post 9.2 EPS for the current fiscal year.

Taiwan Semiconductor Manufacturing Increases Dividend

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

Wall Street Analysts Forecast Growth

TSM has been the topic of several research analyst reports. Barclays lifted their target price on Taiwan Semiconductor Manufacturing from $330.00 to $355.00 and gave the company an “overweight” rating in a research note on Friday, October 17th. Itau BBA Securities assumed coverage on shares of Taiwan Semiconductor Manufacturing in a research note on Tuesday, October 7th. They set an “outperform” rating for the company. Wall Street Zen cut shares of Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a report on Saturday. Needham & Company LLC reiterated a “buy” rating and set a $360.00 price objective on shares of Taiwan Semiconductor Manufacturing in a report on Monday, October 27th. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of Taiwan Semiconductor Manufacturing in a research report on Monday, December 1st. Seven investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, Taiwan Semiconductor Manufacturing currently has a consensus rating of “Buy” and a consensus price target of $355.00.

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.