Sirios Capital Management L P Has $68.29 Million Position in Taiwan Semiconductor Manufacturing Company Ltd. $TSM

Sirios Capital Management L P lifted its position in shares of Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM) by 9.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 301,500 shares of the semiconductor company’s stock after purchasing an additional 27,166 shares during the period. Taiwan Semiconductor Manufacturing accounts for about 9.9% of Sirios Capital Management L P’s holdings, making the stock its 2nd biggest position. Sirios Capital Management L P’s holdings in Taiwan Semiconductor Manufacturing were worth $68,287,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Albar Capital Partners LLP boosted its stake in shares of Taiwan Semiconductor Manufacturing by 482.2% in the 2nd quarter. Albar Capital Partners LLP now owns 333,512 shares of the semiconductor company’s stock worth $75,537,000 after buying an additional 276,231 shares during the last quarter. Pecaut & CO. purchased a new stake in shares of Taiwan Semiconductor Manufacturing during the second quarter valued at approximately $250,000. Stamos Capital Partners L.P. lifted its holdings in Taiwan Semiconductor Manufacturing by 26.6% during the second quarter. Stamos Capital Partners L.P. now owns 40,067 shares of the semiconductor company’s stock worth $9,075,000 after acquiring an additional 8,413 shares during the period. Tripletail Wealth Management LLC bought a new position in Taiwan Semiconductor Manufacturing in the 2nd quarter valued at $205,000. Finally, AXA S.A. grew its stake in Taiwan Semiconductor Manufacturing by 16.2% in the 2nd quarter. AXA S.A. now owns 949,201 shares of the semiconductor company’s stock valued at $214,985,000 after purchasing an additional 132,401 shares during the period. 16.51% of the stock is owned by institutional investors.

Taiwan Semiconductor Manufacturing Stock Up 0.6%

TSM stock opened at $303.77 on Wednesday. The stock has a 50-day simple moving average of $292.89 and a two-hundred day simple moving average of $254.92. Taiwan Semiconductor Manufacturing Company Ltd. has a twelve month low of $134.25 and a twelve month high of $311.37. The firm has a market capitalization of $1.58 trillion, a PE ratio of 31.16, a PEG ratio of 1.04 and a beta of 1.31. The company has a quick ratio of 2.47, a current ratio of 2.69 and a debt-to-equity ratio of 0.19.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last released its quarterly earnings data on Thursday, October 16th. The semiconductor company reported $2.92 EPS for the quarter, beating analysts’ consensus estimates of $2.59 by $0.33. The company had revenue of $32.36 billion during the quarter, compared to analyst estimates of $951.89 billion. Taiwan Semiconductor Manufacturing had a net margin of 43.72% and a return on equity of 34.34%. Taiwan Semiconductor Manufacturing’s revenue was up 40.1% compared to the same quarter last year. During the same period last year, the business earned $1.94 earnings per share. On average, equities analysts predict 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 declared a quarterly dividend, which will be paid on Thursday, April 9th. Stockholders of record on Tuesday, March 17th will be given a dividend of $0.9678 per share. This is an increase from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.83. The ex-dividend date is Tuesday, March 17th. This represents a $3.87 dividend on an annualized basis and a dividend yield of 1.3%. Taiwan Semiconductor Manufacturing’s dividend payout ratio (DPR) is presently 26.67%.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the stock. Susquehanna raised their price objective on shares of Taiwan Semiconductor Manufacturing from $300.00 to $400.00 and gave the stock a “positive” rating in a report on Friday, October 10th. Needham & Company LLC restated a “buy” rating and set a $360.00 price target on shares of Taiwan Semiconductor Manufacturing in a research note on Monday, October 27th. Sanford C. Bernstein lifted their price target on shares of Taiwan Semiconductor Manufacturing from $290.00 to $330.00 and gave the stock an “outperform” rating in a report on Sunday. UBS Group set a $330.00 price objective on Taiwan Semiconductor Manufacturing in a research note on Sunday. Finally, Itau BBA Securities started coverage on Taiwan Semiconductor Manufacturing in a research report on Tuesday, October 7th. They issued an “outperform” rating for the company. Seven investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock has an average rating of “Buy” and an average price target of $355.00.

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.