Caxton Associates LP Buys New Stake in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Caxton Associates LP acquired a new stake in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 45,000 shares of the semiconductor company’s stock, valued at approximately $7,821,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Atlantic Edge Private Wealth Management LLC acquired a new stake in Taiwan Semiconductor Manufacturing during the 2nd quarter worth $25,000. Valley Wealth Managers Inc. acquired a new stake in shares of Taiwan Semiconductor Manufacturing during the second quarter worth about $27,000. Olistico Wealth LLC purchased a new position in shares of Taiwan Semiconductor Manufacturing during the second quarter worth about $27,000. NewSquare Capital LLC acquired a new position in Taiwan Semiconductor Manufacturing in the 2nd quarter valued at about $29,000. Finally, Fairscale Capital LLC purchased a new stake in Taiwan Semiconductor Manufacturing during the 2nd quarter valued at approximately $32,000. Institutional investors and hedge funds own 16.51% of the company’s stock.

Taiwan Semiconductor Manufacturing Price Performance

Taiwan Semiconductor Manufacturing stock opened at $181.96 on Wednesday. The company has a market cap of $943.72 billion, a P/E ratio of 34.66, a price-to-earnings-growth ratio of 1.02 and a beta of 1.14. Taiwan Semiconductor Manufacturing Company Limited has a one year low of $84.01 and a one year high of $193.47. The business has a fifty day moving average of $166.74 and a two-hundred day moving average of $158.55. The company has a debt-to-equity ratio of 0.26, a quick ratio of 2.21 and a current ratio of 2.47.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last released its quarterly earnings data on Thursday, July 18th. The semiconductor company reported $1.48 EPS for the quarter, topping 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 25.54%. The firm had revenue of $20.82 billion for the quarter, compared to the consensus estimate of $20.33 billion. During the same quarter in the previous year, the firm earned $1.14 earnings per share. The firm’s revenue was up 34.6% on a year-over-year basis. As a group, analysts predict that Taiwan Semiconductor Manufacturing Company Limited will post 6.45 earnings per share for the current fiscal year.

Taiwan Semiconductor Manufacturing Increases Dividend

The company 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 $0.4871 dividend. This is an increase from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. This represents a $1.95 annualized dividend and a yield of 1.07%. The ex-dividend date of this dividend is Thursday, December 12th. Taiwan Semiconductor Manufacturing’s dividend payout ratio (DPR) is presently 37.71%.

Analyst Upgrades and Downgrades

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