Elwood Capital Partners LP Has $568,000 Holdings in Taiwan Semiconductor Manufacturing Company Ltd. $TSM

Elwood Capital Partners LP raised its position in shares of Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM) by 354.2% in the second quarter, according to its most recent filing with the SEC. The firm owned 45,010 shares of the semiconductor company’s stock after purchasing an additional 35,100 shares during the quarter. Taiwan Semiconductor Manufacturing makes up approximately 0.4% of Elwood Capital Partners LP’s investment portfolio, making the stock its 18th largest holding. Elwood Capital Partners LP’s holdings in Taiwan Semiconductor Manufacturing were worth $568,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of TSM. Mid American Wealth Advisory Group Inc. acquired a new stake in shares of Taiwan Semiconductor Manufacturing during the second quarter worth $33,000. First Command Advisory Services Inc. lifted its holdings in Taiwan Semiconductor Manufacturing by 174.1% in the second quarter. First Command Advisory Services Inc. now owns 159 shares of the semiconductor company’s stock valued at $36,000 after buying an additional 101 shares during the period. 1248 Management LLC bought a new stake in Taiwan Semiconductor Manufacturing during the first quarter valued at $28,000. CoreFirst Bank & Trust acquired a new stake in Taiwan Semiconductor Manufacturing during the 2nd quarter worth about $45,000. Finally, VSM Wealth Advisory LLC bought a new position in shares of Taiwan Semiconductor Manufacturing in the 2nd quarter worth about $50,000. Institutional investors and hedge funds own 16.51% of the company’s stock.

Taiwan Semiconductor Manufacturing Trading Down 4.3%

NYSE:TSM opened at $291.87 on Friday. Taiwan Semiconductor Manufacturing Company Ltd. has a one year low of $134.25 and a one year high of $313.98. The company has a market cap of $1.51 trillion, a PE ratio of 29.94, a PEG ratio of 1.05 and a beta of 1.31. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.69 and a quick ratio of 2.47. The firm has a 50-day moving average of $293.64 and a 200-day moving average of $256.34.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last issued its quarterly earnings data on Thursday, October 16th. The semiconductor company reported $2.92 EPS for the quarter, topping analysts’ consensus estimates of $2.59 by $0.33. The firm had revenue of $32.36 billion during the quarter, compared to analyst estimates of $951.89 billion. Taiwan Semiconductor Manufacturing had a return on equity of 34.34% and a net margin of 43.72%.The company’s revenue for the quarter was up 40.1% on a year-over-year basis. During the same period in the previous year, the company posted $1.94 EPS. As a group, equities research analysts expect that Taiwan Semiconductor Manufacturing Company Ltd. will post 9.2 EPS for the current fiscal 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 given a $0.9678 dividend. This represents a $3.87 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date of this dividend is Tuesday, March 17th. This is an increase from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.83. Taiwan Semiconductor Manufacturing’s payout ratio is currently 25.85%.

Wall Street Analysts Forecast Growth

TSM has been the subject of several recent analyst reports. Susquehanna raised their target price on Taiwan Semiconductor Manufacturing from $300.00 to $400.00 and gave the stock a “positive” rating in a research note on Friday, October 10th. Sanford C. Bernstein raised their price objective on shares of Taiwan Semiconductor Manufacturing from $290.00 to $330.00 and gave the stock an “outperform” rating in a research report on Sunday, December 7th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Taiwan Semiconductor Manufacturing in a research report on Monday. Itau BBA Securities started coverage on shares of Taiwan Semiconductor Manufacturing in a research note on Tuesday, October 7th. They set an “outperform” rating on the stock. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $360.00 price target on shares of Taiwan Semiconductor Manufacturing in a research note on Monday, October 27th. Seven research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Taiwan Semiconductor Manufacturing currently has a consensus rating of “Buy” and an average target price 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.