Katamaran Capital LLP Acquires New Position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Katamaran Capital LLP acquired a new position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 27,577 shares of the semiconductor company's stock, valued at approximately $5,446,000. Taiwan Semiconductor Manufacturing accounts for approximately 6.9% of Katamaran Capital LLP's holdings, making the stock its 3rd biggest holding.

A number of other hedge funds also recently made changes to their positions in TSM. Jennison Associates LLC boosted its stake in Taiwan Semiconductor Manufacturing by 72.9% in the 4th quarter. Jennison Associates LLC now owns 6,949,520 shares of the semiconductor company's stock worth $1,372,461,000 after purchasing an additional 2,931,209 shares during the period. Franklin Resources Inc. boosted its position in shares of Taiwan Semiconductor Manufacturing by 32.3% during the fourth quarter. Franklin Resources Inc. now owns 8,498,063 shares of the semiconductor company's stock worth $1,678,283,000 after acquiring an additional 2,074,329 shares during the last quarter. Alphinity Investment Management Pty Ltd purchased a new position in Taiwan Semiconductor Manufacturing during the fourth quarter valued at $349,241,000. Public Employees Retirement System of Ohio bought a new stake in Taiwan Semiconductor Manufacturing in the 3rd quarter valued at $229,098,000. Finally, Alliancebernstein L.P. lifted its stake in Taiwan Semiconductor Manufacturing by 23.4% in the 4th quarter. Alliancebernstein L.P. now owns 6,742,256 shares of the semiconductor company's stock worth $1,331,528,000 after purchasing an additional 1,276,793 shares in the last quarter. 16.51% of the stock is currently owned by institutional investors.

Remove Ads

Taiwan Semiconductor Manufacturing Stock Down 6.7 %

Shares of TSM stock traded down $10.50 on Friday, hitting $146.88. The stock had a trading volume of 36,009,450 shares, compared to its average volume of 15,473,070. Taiwan Semiconductor Manufacturing Company Limited has a one year low of $125.78 and a one year high of $226.40. The business has a 50 day moving average price of $186.54 and a 200 day moving average price of $192.44. The company has a market cap of $761.76 billion, a PE ratio of 20.86, a P/E/G ratio of 0.66 and a beta of 1.16. 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 (NYSE:TSM - Get Free Report) last released its quarterly earnings results on Thursday, January 16th. The semiconductor company reported $2.24 EPS for the quarter, beating the consensus estimate of $2.16 by $0.08. Taiwan Semiconductor Manufacturing had a net margin of 40.51% and a return on equity of 30.47%. Research analysts anticipate that Taiwan Semiconductor Manufacturing Company Limited will post 9.2 earnings per share for the current fiscal year.

Taiwan Semiconductor Manufacturing Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 10th. Shareholders of record on Thursday, June 12th will be issued a $0.6855 dividend. This is a positive change from Taiwan Semiconductor Manufacturing's previous quarterly dividend of $0.55. This represents a $2.74 annualized dividend and a yield of 1.87%. The ex-dividend date is Thursday, June 12th. Taiwan Semiconductor Manufacturing's payout ratio is currently 30.68%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the company. Needham & Company LLC reiterated a "buy" rating and issued a $225.00 target price on shares of Taiwan Semiconductor Manufacturing in a research report on Tuesday, February 18th. Barclays lifted their price objective on shares of Taiwan Semiconductor Manufacturing from $240.00 to $255.00 and gave the stock an "overweight" rating in a research note on Friday, January 17th. Finally, StockNews.com downgraded shares of Taiwan Semiconductor Manufacturing from a "buy" rating to a "hold" rating in a report on Tuesday, January 28th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $220.00.

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.