Park Place Capital Corp Boosts Stake in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Park Place Capital Corp lifted its holdings in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 257.6% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 565 shares of the semiconductor company’s stock after acquiring an additional 407 shares during the quarter. Park Place Capital Corp’s holdings in Taiwan Semiconductor Manufacturing were worth $98,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Transcend Capital Advisors LLC lifted its stake in Taiwan Semiconductor Manufacturing by 35.0% during the second quarter. Transcend Capital Advisors LLC now owns 5,360 shares of the semiconductor company’s stock worth $932,000 after purchasing an additional 1,390 shares during the last quarter. Neville Rodie & Shaw Inc. bought a new position in Taiwan Semiconductor Manufacturing in the second quarter worth about $209,000. Capital Market Strategies LLC boosted its stake in Taiwan Semiconductor Manufacturing by 25.0% in the second quarter. Capital Market Strategies LLC now owns 10,884 shares of the semiconductor company’s stock valued at $1,892,000 after acquiring an additional 2,179 shares during the period. Confluence Investment Management LLC grew its holdings in shares of Taiwan Semiconductor Manufacturing by 1.4% during the second quarter. Confluence Investment Management LLC now owns 10,700 shares of the semiconductor company’s stock valued at $1,860,000 after purchasing an additional 146 shares during the last quarter. Finally, Bright Futures Wealth Management LLC. acquired a new stake in Taiwan Semiconductor Manufacturing in the first quarter worth $2,095,000. Institutional investors and hedge funds own 16.51% of the company’s stock.

Taiwan Semiconductor Manufacturing Stock Down 5.3 %

NYSE TSM traded down $8.32 during trading hours on Friday, reaching $149.86. 31,095,265 shares of the company’s stock were exchanged, compared to its average volume of 21,681,786. The company has a debt-to-equity ratio of 0.27, a quick ratio of 2.13 and a current ratio of 2.39. Taiwan Semiconductor Manufacturing Company Limited has a one year low of $84.01 and a one year high of $193.47. The company’s 50-day moving average is $169.82 and its two-hundred day moving average is $147.49. The company has a market capitalization of $777.24 billion, a price-to-earnings ratio of 28.54, a price-to-earnings-growth ratio of 0.89 and a beta of 1.14.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last posted its quarterly earnings data on Thursday, July 18th. The semiconductor company reported $1.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.37 by $0.11. Taiwan Semiconductor Manufacturing had a net margin of 37.85% and a return on equity of 25.89%. The company had revenue of $20.82 billion for the quarter, compared to the consensus estimate of $20.33 billion. During the same period last year, the company earned $1.14 earnings per share. The firm’s revenue was up 34.6% compared to the same quarter last year. On average, analysts forecast that Taiwan Semiconductor Manufacturing Company Limited will post 6.37 EPS for the current fiscal year.

Taiwan Semiconductor Manufacturing Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 9th. Investors of record on Thursday, September 12th will be paid a $0.4865 dividend. This represents a $1.95 dividend on an annualized basis and a yield of 1.30%. The ex-dividend date is Thursday, September 12th. This is a boost from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.44. Taiwan Semiconductor Manufacturing’s dividend payout ratio is 32.57%.

Analyst Ratings Changes

Several research firms have recently weighed in on TSM. Barclays raised their price objective on shares of Taiwan Semiconductor Manufacturing from $150.00 to $170.00 and gave the company an “overweight” rating in a research report on Wednesday, June 5th. Sanford C. Bernstein increased their price objective on Taiwan Semiconductor Manufacturing from $150.00 to $200.00 and gave the company an “outperform” rating in a research report on Thursday, June 20th. TD Cowen boosted their target price on Taiwan Semiconductor Manufacturing from $130.00 to $170.00 and gave the stock a “hold” rating in a research report on Thursday, July 18th. StockNews.com upgraded shares of Taiwan Semiconductor Manufacturing from a “hold” rating to a “buy” rating in a report on Thursday, April 11th. Finally, Needham & Company LLC boosted their price objective on shares of Taiwan Semiconductor Manufacturing from $168.00 to $210.00 and gave the company a “buy” rating in a research report on Monday, July 15th. One analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $200.00.

About Taiwan Semiconductor Manufacturing

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.