Aljian Capital Management LLC Purchases 3,888 Shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Aljian Capital Management LLC grew its position in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 202.0% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 5,813 shares of the semiconductor company’s stock after acquiring an additional 3,888 shares during the quarter. Aljian Capital Management LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $1,010,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the business. ProShare Advisors LLC bought a new stake in Taiwan Semiconductor Manufacturing during the 1st quarter worth about $210,000. Acadian Asset Management LLC raised its holdings in Taiwan Semiconductor Manufacturing by 8.3% during the first quarter. Acadian Asset Management LLC now owns 91,405 shares of the semiconductor company’s stock worth $12,431,000 after acquiring an additional 6,991 shares in the last quarter. Lcnb Corp acquired a new position in Taiwan Semiconductor Manufacturing during the first quarter valued at approximately $202,000. Clearbridge Investments LLC grew its stake in Taiwan Semiconductor Manufacturing by 4,820.0% in the first quarter. Clearbridge Investments LLC now owns 483,491 shares of the semiconductor company’s stock valued at $65,779,000 after purchasing an additional 473,664 shares in the last quarter. Finally, Financial Gravity Asset Management Inc. increased its position in shares of Taiwan Semiconductor Manufacturing by 4,797.1% during the 1st quarter. Financial Gravity Asset Management Inc. now owns 15,279 shares of the semiconductor company’s stock worth $2,079,000 after purchasing an additional 14,967 shares during the last quarter. 16.51% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on TSM shares. StockNews.com cut shares of Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a research note on Sunday. Needham & Company LLC reissued a “buy” rating and issued a $210.00 price objective on shares of Taiwan Semiconductor Manufacturing in a research report on Thursday, October 17th. Barclays upped their target price on shares of Taiwan Semiconductor Manufacturing from $200.00 to $215.00 and gave the company an “overweight” rating in a report on Wednesday, October 23rd. Finally, Susquehanna reiterated a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a report on Friday, October 18th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $209.00.

Taiwan Semiconductor Manufacturing Stock Performance

Shares of TSM stock opened at $186.01 on Monday. The company has a market capitalization of $964.72 billion, a price-to-earnings ratio of 29.81, a PEG ratio of 0.89 and a beta of 1.12. 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 $95.25 and a 52 week high of $212.60. The company has a 50-day simple moving average of $185.79 and a 200 day simple moving average of $172.43.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last issued 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 company had revenue of $23.50 billion during the quarter, compared to analysts’ expectations of $22.72 billion. Taiwan Semiconductor Manufacturing had a return on equity of 27.30% and a net margin of 39.10%. On average, sell-side analysts predict that Taiwan Semiconductor Manufacturing Company Limited will post 6.84 earnings per share for the current year.

Taiwan Semiconductor Manufacturing Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 10th. Stockholders of record on Tuesday, March 18th will be issued a dividend of $0.5484 per share. The ex-dividend date is Tuesday, March 18th. This represents a $2.19 dividend on an annualized basis and a dividend yield of 1.18%. This is an increase from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. Taiwan Semiconductor Manufacturing’s dividend payout ratio (DPR) is currently 31.09%.

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.