Patron Partners LLC Invests $224,000 in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Patron Partners LLC purchased a new stake in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) during the second quarter, according to its most recent disclosure with the SEC. The firm purchased 1,290 shares of the semiconductor company’s stock, valued at approximately $224,000.

Other institutional investors also recently bought and sold shares of the company. Sivia Capital Partners LLC boosted its stake in shares of Taiwan Semiconductor Manufacturing by 4.9% in the second quarter. Sivia Capital Partners LLC now owns 11,062 shares of the semiconductor company’s stock worth $1,923,000 after acquiring an additional 515 shares during the last quarter. Advisor OS LLC boosted its stake in Taiwan Semiconductor Manufacturing by 43.8% during the 2nd quarter. Advisor OS LLC now owns 8,108 shares of the semiconductor company’s stock worth $1,409,000 after purchasing an additional 2,470 shares during the last quarter. Candriam S.C.A. grew its holdings in shares of Taiwan Semiconductor Manufacturing by 1.7% during the second quarter. Candriam S.C.A. now owns 803,095 shares of the semiconductor company’s stock worth $139,579,000 after buying an additional 13,325 shares in the last quarter. Jensen Investment Management Inc. raised its position in shares of Taiwan Semiconductor Manufacturing by 1.6% in the second quarter. Jensen Investment Management Inc. now owns 20,368 shares of the semiconductor company’s stock valued at $3,540,000 after buying an additional 328 shares during the last quarter. Finally, Farmers & Merchants Investments Inc. lifted its stake in shares of Taiwan Semiconductor Manufacturing by 52.2% in the second quarter. Farmers & Merchants Investments Inc. now owns 75,555 shares of the semiconductor company’s stock worth $13,132,000 after buying an additional 25,918 shares in the last quarter. 16.51% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on TSM. TD Cowen raised their target price on shares of Taiwan Semiconductor Manufacturing from $130.00 to $170.00 and gave the stock a “hold” rating in a research note on Thursday, July 18th. Needham & Company LLC lifted their price objective on Taiwan Semiconductor Manufacturing from $168.00 to $210.00 and gave the stock a “buy” rating in a research report on Monday, July 15th. Barclays upped their target price on Taiwan Semiconductor Manufacturing from $150.00 to $170.00 and gave the company an “overweight” rating in a report on Wednesday, June 5th. Susquehanna reissued a “positive” rating and set a $250.00 price target on shares of Taiwan Semiconductor Manufacturing in a research report on Wednesday, August 14th. Finally, Sanford C. Bernstein raised their price objective on shares of Taiwan Semiconductor Manufacturing from $150.00 to $200.00 and gave the stock an “outperform” rating in a research report on Thursday, June 20th. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $200.00.

Taiwan Semiconductor Manufacturing Trading Down 4.2 %

Shares of TSM traded down $6.88 during trading on Friday, reaching $156.82. 14,964,411 shares of the company traded hands, compared to its average volume of 12,454,126. The stock has a 50-day simple moving average of $169.79 and a 200-day simple moving average of $155.09. The company has a quick ratio of 2.21, a current ratio of 2.47 and a debt-to-equity ratio of 0.26. Taiwan Semiconductor Manufacturing Company Limited has a twelve month low of $84.01 and a twelve month high of $193.47. The stock has a market cap of $813.33 billion, a PE ratio of 29.88, a price-to-earnings-growth ratio of 0.94 and a beta of 1.14.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last announced its earnings results 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 return on equity of 25.54% and a net margin of 37.85%. The company had revenue of $20.82 billion for the quarter, compared to analyst estimates of $20.33 billion. During the same quarter in the previous year, the company earned $1.14 earnings per share. The firm’s quarterly revenue was up 34.6% compared to the same quarter last year. On average, analysts anticipate that Taiwan Semiconductor Manufacturing Company Limited will post 6.45 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, January 9th. Investors of record on Thursday, December 12th will be issued a dividend of $0.4871 per share. This represents a $1.95 dividend on an annualized basis and a yield of 1.24%. This is a boost from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. The ex-dividend date is Thursday, December 12th. Taiwan Semiconductor Manufacturing’s dividend payout ratio (DPR) is 32.57%.

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.