Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) Shares Acquired by Mirabella Financial Services LLP

Mirabella Financial Services LLP grew its position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM - Free Report) by 4,301.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 56,784 shares of the semiconductor company's stock after buying an additional 55,494 shares during the quarter. Mirabella Financial Services LLP's holdings in Taiwan Semiconductor Manufacturing were worth $9,810,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. PineStone Asset Management Inc. lifted its stake in shares of Taiwan Semiconductor Manufacturing by 116.3% during the second quarter. PineStone Asset Management Inc. now owns 7,784,316 shares of the semiconductor company's stock valued at $1,352,992,000 after buying an additional 4,186,133 shares during the period. Clearbridge Investments LLC boosted its holdings in shares of Taiwan Semiconductor Manufacturing by 669.7% during the second quarter. Clearbridge Investments LLC now owns 3,721,489 shares of the semiconductor company's stock worth $646,832,000 after purchasing an additional 3,237,998 shares during the last quarter. 1832 Asset Management L.P. grew its position in shares of Taiwan Semiconductor Manufacturing by 1,226.7% in the second quarter. 1832 Asset Management L.P. now owns 1,983,830 shares of the semiconductor company's stock valued at $344,809,000 after purchasing an additional 1,834,298 shares during the period. Manning & Napier Advisors LLC acquired a new position in Taiwan Semiconductor Manufacturing in the second quarter valued at $228,200,000. Finally, LGT Group Foundation boosted its stake in Taiwan Semiconductor Manufacturing by 725.0% in the 2nd quarter. LGT Group Foundation now owns 1,412,856 shares of the semiconductor company's stock worth $245,569,000 after buying an additional 1,241,596 shares during the last quarter. Institutional investors and hedge funds own 16.51% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on TSM. Barclays increased their price objective on shares of Taiwan Semiconductor Manufacturing from $215.00 to $240.00 and gave the stock an "overweight" rating in a report on Monday, November 18th. Needham & Company LLC reiterated a "buy" rating and issued a $210.00 price target on shares of Taiwan Semiconductor Manufacturing in a report on Thursday, October 17th. Susquehanna restated a "buy" rating on shares of Taiwan Semiconductor Manufacturing in a report on Friday, October 18th. Finally, StockNews.com lowered Taiwan Semiconductor Manufacturing from a "buy" rating to a "hold" rating in a research report on Sunday, November 17th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, Taiwan Semiconductor Manufacturing has a consensus rating of "Moderate Buy" and a consensus price target of $214.00.

Taiwan Semiconductor Manufacturing Stock Down 2.7 %

TSM stock traded down $5.09 during trading on Monday, reaching $184.99. The stock had a trading volume of 14,359,427 shares, compared to its average volume of 15,339,712. The company has a current ratio of 2.57, a quick ratio of 2.30 and a debt-to-equity ratio of 0.24. The firm has a fifty day moving average price of $187.92 and a 200 day moving average price of $174.12. The company has a market capitalization of $959.43 billion, a P/E ratio of 29.56, a PEG ratio of 0.88 and a beta of 1.12. Taiwan Semiconductor Manufacturing Company Limited has a 1-year low of $95.25 and a 1-year high of $212.60.

Taiwan Semiconductor Manufacturing (NYSE:TSM - Get Free Report) last posted its quarterly earnings results on Thursday, October 17th. The semiconductor company reported $1.94 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.74 by $0.20. The firm had revenue of $23.50 billion for the quarter, compared to analysts' expectations of $22.72 billion. Taiwan Semiconductor Manufacturing had a net margin of 39.10% and a return on equity of 27.44%. On average, equities analysts anticipate that Taiwan Semiconductor Manufacturing Company Limited will post 6.95 earnings per share for the current year.

Taiwan Semiconductor Manufacturing Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 10th. Shareholders of record on Tuesday, March 18th will be paid a dividend of $0.5484 per share. The ex-dividend date is Tuesday, March 18th. This represents a $2.19 annualized dividend and a yield of 1.19%. This is a boost from Taiwan Semiconductor Manufacturing's previous quarterly dividend of $0.49. Taiwan Semiconductor Manufacturing's dividend payout ratio is presently 31.57%.

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.