Diamond Hill Capital Management Inc. Buys 5,780 Shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Diamond Hill Capital Management Inc. raised its stake in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 2.4% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 244,360 shares of the semiconductor company’s stock after buying an additional 5,780 shares during the period. Diamond Hill Capital Management Inc.’s holdings in Taiwan Semiconductor Manufacturing were worth $42,438,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Ashton Thomas Securities LLC bought a new stake in Taiwan Semiconductor Manufacturing during the third quarter worth about $77,000. Tyler Stone Wealth Management raised its holdings in shares of Taiwan Semiconductor Manufacturing by 118.5% during the 3rd quarter. Tyler Stone Wealth Management now owns 6,414 shares of the semiconductor company’s stock valued at $1,114,000 after buying an additional 3,478 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. lifted its position in Taiwan Semiconductor Manufacturing by 28.4% in the 3rd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 475,756 shares of the semiconductor company’s stock worth $82,925,000 after buying an additional 105,291 shares during the last quarter. Truxt Investmentos Ltda. boosted its stake in Taiwan Semiconductor Manufacturing by 4,993.1% in the third quarter. Truxt Investmentos Ltda. now owns 26,433 shares of the semiconductor company’s stock worth $4,591,000 after buying an additional 25,914 shares in the last quarter. Finally, Mayflower Financial Advisors LLC grew its position in Taiwan Semiconductor Manufacturing by 6.6% during the third quarter. Mayflower Financial Advisors LLC now owns 3,521 shares of the semiconductor company’s stock valued at $612,000 after acquiring an additional 217 shares during the last quarter. Hedge funds and other institutional investors own 16.51% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on TSM shares. Barclays upped their price objective on shares of Taiwan Semiconductor Manufacturing from $200.00 to $215.00 and gave the company an “overweight” rating in a research note on Wednesday, October 23rd. Susquehanna restated a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a research report on Friday, October 18th. Needham & Company LLC reiterated a “buy” rating and issued a $210.00 price objective on shares of Taiwan Semiconductor Manufacturing in a report on Thursday, October 17th. TD Cowen increased their target price on Taiwan Semiconductor Manufacturing from $130.00 to $170.00 and gave the company a “hold” rating in a report on Thursday, July 18th. Finally, StockNews.com upgraded Taiwan Semiconductor Manufacturing from a “hold” rating to a “buy” rating in a research report on Saturday. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $209.00.

Taiwan Semiconductor Manufacturing Trading Up 0.0 %

Shares of NYSE:TSM opened at $201.20 on Monday. The stock’s 50-day simple moving average is $183.11 and its two-hundred day simple moving average is $170.32. The company has a debt-to-equity ratio of 0.23, a quick ratio of 2.30 and a current ratio of 2.57. Taiwan Semiconductor Manufacturing Company Limited has a 52-week low of $91.60 and a 52-week high of $212.60. The stock has a market capitalization of $1.04 trillion, a price-to-earnings ratio of 32.24, a PEG ratio of 0.97 and a beta of 1.12.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last released its quarterly earnings data on Thursday, October 17th. The semiconductor company reported $1.94 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.74 by $0.20. The business had revenue of $23.50 billion for the quarter, compared to the consensus estimate of $22.72 billion. Taiwan Semiconductor Manufacturing had a return on equity of 27.30% and a net margin of 39.10%. Analysts expect that Taiwan Semiconductor Manufacturing Company Limited will post 6.73 EPS for the current year.

Taiwan Semiconductor Manufacturing Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, January 9th. Shareholders of record on Thursday, December 12th will be paid a $0.4871 dividend. This is an increase from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. This represents a $1.95 dividend on an annualized basis and a yield of 0.97%. The ex-dividend date is Thursday, December 12th. Taiwan Semiconductor Manufacturing’s dividend payout ratio is currently 31.57%.

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.