7,599 Shares in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) Acquired by Scientech Research LLC

Scientech Research LLC bought a new stake in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) during the second quarter, HoldingsChannel reports. The fund bought 7,599 shares of the semiconductor company’s stock, valued at approximately $1,321,000.

Several other hedge funds also recently bought and sold shares of the stock. Lighthouse Investment Partners LLC purchased a new stake in shares of Taiwan Semiconductor Manufacturing during the second quarter worth about $362,000. Matrix Private Capital Group LLC boosted its position in Taiwan Semiconductor Manufacturing by 8.8% during the second quarter. Matrix Private Capital Group LLC now owns 4,013 shares of the semiconductor company’s stock worth $700,000 after acquiring an additional 323 shares during the last quarter. Daymark Wealth Partners LLC grew its stake in Taiwan Semiconductor Manufacturing by 29.0% in the 2nd quarter. Daymark Wealth Partners LLC now owns 6,503 shares of the semiconductor company’s stock worth $1,130,000 after acquiring an additional 1,460 shares during the period. Delta Investment Management LLC acquired a new position in Taiwan Semiconductor Manufacturing in the 2nd quarter valued at $379,000. Finally, Drucker Wealth 3.0 LLC acquired a new position in Taiwan Semiconductor Manufacturing in the 2nd quarter valued at $2,313,000. Hedge funds and other institutional investors own 16.51% of the company’s stock.

Taiwan Semiconductor Manufacturing Price Performance

Shares of NYSE TSM opened at $178.01 on Friday. The company has a current ratio of 2.47, a quick ratio of 2.21 and a debt-to-equity ratio of 0.26. The company has a market capitalization of $923.23 billion, a price-to-earnings ratio of 33.91, a price-to-earnings-growth ratio of 1.07 and a beta of 1.14. Taiwan Semiconductor Manufacturing Company Limited has a twelve month low of $84.95 and a twelve month high of $193.47. The business has a 50 day simple moving average of $167.50 and a 200-day simple moving average of $159.18.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last released its quarterly earnings data on Thursday, July 18th. The semiconductor company reported $1.48 earnings per share for the quarter, topping the consensus estimate of $1.37 by $0.11. The firm had revenue of $20.82 billion for the quarter, compared to analyst estimates of $20.33 billion. Taiwan Semiconductor Manufacturing had a net margin of 37.85% and a return on equity of 25.54%. Taiwan Semiconductor Manufacturing’s quarterly revenue was up 34.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.14 earnings per share. As a group, equities research analysts expect that Taiwan Semiconductor Manufacturing Company Limited will post 6.45 earnings per share for the current year.

Taiwan Semiconductor Manufacturing Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 9th. Investors of record on Thursday, December 12th will be paid a dividend of $0.4871 per share. 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 1.09%. The ex-dividend date is Thursday, December 12th. Taiwan Semiconductor Manufacturing’s dividend payout ratio is presently 37.71%.

Wall Street Analysts Forecast Growth

TSM has been the topic of several recent analyst reports. Susquehanna reiterated a “positive” rating and set a $250.00 target price on shares of Taiwan Semiconductor Manufacturing in a research report on Wednesday, August 14th. Sanford C. Bernstein increased their price objective on shares of Taiwan Semiconductor Manufacturing from $150.00 to $200.00 and gave the stock an “outperform” rating in a report on Thursday, June 20th. Barclays boosted their target price on shares of Taiwan Semiconductor Manufacturing from $150.00 to $170.00 and gave the company an “overweight” rating in a report on Wednesday, June 5th. TD Cowen increased their price target 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. Finally, Needham & Company LLC lifted their price target on shares of Taiwan Semiconductor Manufacturing from $168.00 to $210.00 and gave the company a “buy” rating in a report on Monday, July 15th. One analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, Taiwan Semiconductor Manufacturing presently has an average rating of “Moderate Buy” and a consensus 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.