Ardsley Advisory Partners LP Purchases New Position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Ardsley Advisory Partners LP bought a new stake in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 22,000 shares of the semiconductor company's stock, valued at approximately $4,351,000.

A number of other institutional investors also recently modified their holdings of TSM. AXA S.A. raised its position in Taiwan Semiconductor Manufacturing by 13.7% during the fourth quarter. AXA S.A. now owns 895,161 shares of the semiconductor company's stock valued at $176,785,000 after acquiring an additional 107,651 shares in the last quarter. Accredited Wealth Management LLC acquired a new position in shares of Taiwan Semiconductor Manufacturing during the 4th quarter worth $31,000. AlTi Global Inc. raised its holdings in shares of Taiwan Semiconductor Manufacturing by 90.8% during the 4th quarter. AlTi Global Inc. now owns 3,395 shares of the semiconductor company's stock valued at $681,000 after purchasing an additional 1,616 shares in the last quarter. Alaethes Wealth LLC boosted its holdings in Taiwan Semiconductor Manufacturing by 1.2% in the fourth quarter. Alaethes Wealth LLC now owns 19,307 shares of the semiconductor company's stock worth $3,825,000 after purchasing an additional 226 shares in the last quarter. Finally, Albar Capital Partners LLP acquired a new position in Taiwan Semiconductor Manufacturing during the fourth quarter worth $65,750,000. Institutional investors and hedge funds own 16.51% of the company's stock.

Taiwan Semiconductor Manufacturing Stock Performance

Shares of TSM traded down $4.04 during mid-day trading on Tuesday, hitting $172.36. The company's stock had a trading volume of 13,470,872 shares, compared to its average volume of 15,848,038. Taiwan Semiconductor Manufacturing Company Limited has a one year low of $133.57 and a one year high of $226.40. The stock's 50-day moving average is $166.05 and its two-hundred day moving average is $188.20. The firm has a market capitalization of $893.95 billion, a PE ratio of 24.48, a price-to-earnings-growth ratio of 0.66 and a beta of 1.21. The company has a debt-to-equity ratio of 0.24, a quick ratio of 2.30 and a current ratio of 2.57.

Taiwan Semiconductor Manufacturing (NYSE:TSM - Get Free Report) last posted its quarterly earnings results on Thursday, April 17th. The semiconductor company reported $2.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.03 by $0.09. The company had revenue of $25.82 billion for the quarter, compared to analyst estimates of $834.10 billion. Taiwan Semiconductor Manufacturing had a net margin of 40.51% and a return on equity of 30.47%. As a group, sell-side analysts anticipate that Taiwan Semiconductor Manufacturing Company Limited will post 9.2 EPS for the current year.

Taiwan Semiconductor Manufacturing Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 10th. Shareholders of record on Thursday, June 12th will be issued a $0.6855 dividend. This is a boost from Taiwan Semiconductor Manufacturing's previous quarterly dividend of $0.55. The ex-dividend date is Thursday, June 12th. This represents a $2.74 annualized dividend and a yield of 1.59%. Taiwan Semiconductor Manufacturing's dividend payout ratio is 27.76%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on TSM. StockNews.com lowered Taiwan Semiconductor Manufacturing from a "buy" rating to a "hold" rating in a report on Tuesday, January 28th. Needham & Company LLC reiterated a "buy" rating and set a $225.00 price target on shares of Taiwan Semiconductor Manufacturing in a report on Thursday, April 17th. Barclays restated a "hold" rating on shares of Taiwan Semiconductor Manufacturing in a research note on Friday, April 25th. Finally, Susquehanna reiterated a "positive" rating on shares of Taiwan Semiconductor Manufacturing in a research note on Friday, April 25th. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $212.00.

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.