Carrhae Capital LLP Boosts Position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Carrhae Capital LLP grew its position in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM - Free Report) by 5.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 383,886 shares of the semiconductor company's stock after purchasing an additional 20,623 shares during the period. Taiwan Semiconductor Manufacturing accounts for about 6.3% of Carrhae Capital LLP's investment portfolio, making the stock its 5th largest position. Carrhae Capital LLP's holdings in Taiwan Semiconductor Manufacturing were worth $75,814,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the company. Kingsview Wealth Management LLC lifted its holdings in shares of Taiwan Semiconductor Manufacturing by 5.3% during the 3rd quarter. Kingsview Wealth Management LLC now owns 16,935 shares of the semiconductor company's stock worth $2,941,000 after acquiring an additional 849 shares during the period. Larson Financial Group LLC raised its position in shares of Taiwan Semiconductor Manufacturing by 153.4% in the 3rd quarter. Larson Financial Group LLC now owns 2,035 shares of the semiconductor company's stock worth $353,000 after buying an additional 1,232 shares during the period. Centaurus Financial Inc. grew its position in Taiwan Semiconductor Manufacturing by 20.1% during the third quarter. Centaurus Financial Inc. now owns 15,449 shares of the semiconductor company's stock valued at $2,683,000 after acquiring an additional 2,590 shares during the period. Summit Trail Advisors LLC increased its stake in Taiwan Semiconductor Manufacturing by 51.9% during the third quarter. Summit Trail Advisors LLC now owns 3,839 shares of the semiconductor company's stock worth $669,000 after acquiring an additional 1,311 shares during the last quarter. Finally, Daiwa Securities Group Inc. raised its holdings in shares of Taiwan Semiconductor Manufacturing by 7.4% in the 3rd quarter. Daiwa Securities Group Inc. now owns 23,148 shares of the semiconductor company's stock worth $4,021,000 after purchasing an additional 1,600 shares during the period. Institutional investors and hedge funds own 16.51% of the company's stock.

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Taiwan Semiconductor Manufacturing Stock Down 0.1 %

Shares of TSM traded down $0.24 during mid-day trading on Tuesday, reaching $180.92. 8,691,341 shares of the stock traded hands, compared to its average volume of 15,059,825. The stock has a fifty day simple moving average of $194.86 and a 200 day simple moving average of $192.62. Taiwan Semiconductor Manufacturing Company Limited has a 12-month low of $125.78 and a 12-month high of $226.40. The company has a quick ratio of 2.30, a current ratio of 2.57 and a debt-to-equity ratio of 0.24. The firm has a market cap of $938.33 billion, a price-to-earnings ratio of 25.70, a P/E/G ratio of 0.66 and a beta of 1.13.

Taiwan Semiconductor Manufacturing (NYSE:TSM - Get Free Report) last released its quarterly earnings results on Thursday, January 16th. The semiconductor company reported $2.24 earnings per share (EPS) for the quarter, topping 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%. Sell-side analysts expect that Taiwan Semiconductor Manufacturing Company Limited will post 9.2 EPS for the current fiscal year.

Taiwan Semiconductor Manufacturing Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 10th. Investors of record on Thursday, June 12th will be issued a $0.6855 dividend. The ex-dividend date of this dividend is Thursday, June 12th. This represents a $2.74 dividend on an annualized basis and a yield of 1.52%. This is an increase from Taiwan Semiconductor Manufacturing's previous quarterly dividend of $0.55. Taiwan Semiconductor Manufacturing's dividend payout ratio is currently 30.68%.

Analysts Set New Price Targets

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