32,100 Shares in Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM) Purchased by Investidor Profissional Gestao de Recursos Ltda.

Key Points

• Investidor Profissional Gestao de Recursos Ltda. has purchased 32,100 shares of Taiwan Semiconductor Manufacturing Company (NYSE:TSM), valued at approximately $5.33 million, making it the firm's 9th largest holding.
• The company reported an EPS of $2.47, exceeding estimates, with a 44.4% year-over-year revenue increase to $30.07 billion for the latest quarter.
• Taiwan Semiconductor has recently declared a dividend of $0.6499 per share, with a yield of 1.1% and a payout ratio of 28.16%.

Investidor Profissional Gestao de Recursos Ltda. acquired a new stake in Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM - Free Report) in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 32,100 shares of the semiconductor company's stock, valued at approximately $5,329,000. Taiwan Semiconductor Manufacturing makes up 3.4% of Investidor Profissional Gestao de Recursos Ltda.'s holdings, making the stock its 9th biggest holding.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Sanders Capital LLC boosted its holdings in Taiwan Semiconductor Manufacturing by 0.6% in the 4th quarter. Sanders Capital LLC now owns 41,877,457 shares of the semiconductor company's stock worth $8,270,379,000 after buying an additional 231,310 shares during the last quarter. Capital World Investors lifted its position in shares of Taiwan Semiconductor Manufacturing by 0.8% in the fourth quarter. Capital World Investors now owns 35,602,400 shares of the semiconductor company's stock valued at $7,031,632,000 after acquiring an additional 294,316 shares in the last quarter. Capital International Investors boosted its stake in shares of Taiwan Semiconductor Manufacturing by 8.2% in the fourth quarter. Capital International Investors now owns 22,210,222 shares of the semiconductor company's stock worth $4,391,957,000 after acquiring an additional 1,683,256 shares during the last quarter. Price T Rowe Associates Inc. MD increased its position in shares of Taiwan Semiconductor Manufacturing by 67.0% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 10,365,404 shares of the semiconductor company's stock worth $2,047,065,000 after purchasing an additional 4,158,772 shares in the last quarter. Finally, WCM Investment Management LLC raised its stake in Taiwan Semiconductor Manufacturing by 0.6% in the 1st quarter. WCM Investment Management LLC now owns 9,734,044 shares of the semiconductor company's stock valued at $1,608,551,000 after purchasing an additional 59,079 shares during the last quarter. Hedge funds and other institutional investors own 16.51% of the company's stock.

Taiwan Semiconductor Manufacturing Price Performance

Shares of TSM stock opened at $238.82 on Tuesday. The company has a debt-to-equity ratio of 0.18, a current ratio of 2.37 and a quick ratio of 2.15. The company has a market capitalization of $1.24 trillion, a PE ratio of 27.23, a price-to-earnings-growth ratio of 1.13 and a beta of 1.19. The firm's 50-day moving average is $223.13 and its two-hundred day moving average is $196.04. Taiwan Semiconductor Manufacturing Company Ltd. has a 12 month low of $133.57 and a 12 month high of $248.28.

Taiwan Semiconductor Manufacturing (NYSE:TSM - Get Free Report) last released its quarterly earnings results on Thursday, July 17th. The semiconductor company reported $2.47 EPS for the quarter, beating the consensus estimate of $2.13 by $0.34. Taiwan Semiconductor Manufacturing had a net margin of 42.91% and a return on equity of 32.87%. The firm had revenue of $30.07 billion for the quarter, compared to analyst estimates of $28.50 billion. During the same quarter in the previous year, the company earned $1.48 EPS. The business's revenue for the quarter was up 44.4% compared to the same quarter last year. Analysts predict that Taiwan Semiconductor Manufacturing Company Ltd. will post 9.2 earnings per share for the current year.

Taiwan Semiconductor Manufacturing Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 9th. Stockholders of record on Tuesday, September 16th will be issued a dividend of $0.6499 per share. The ex-dividend date is Tuesday, September 16th. This represents a $2.60 dividend on an annualized basis and a dividend yield of 1.1%. Taiwan Semiconductor Manufacturing's dividend payout ratio is currently 28.16%.

Analyst Ratings Changes

TSM has been the topic of several recent research reports. Barclays reaffirmed an "overweight" rating and set a $240.00 target price (up previously from $215.00) on shares of Taiwan Semiconductor Manufacturing in a research note on Tuesday, June 3rd. Citigroup restated a "buy" rating on shares of Taiwan Semiconductor Manufacturing in a research report on Thursday, May 22nd. Susquehanna increased their price objective on shares of Taiwan Semiconductor Manufacturing from $255.00 to $265.00 and gave the company a "positive" rating in a report on Monday, July 14th. Finally, Needham & Company LLC restated a "buy" rating and set a $270.00 target price on shares of Taiwan Semiconductor Manufacturing in a report on Thursday, July 17th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $258.33.

Taiwan Semiconductor Manufacturing 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.

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