Fairtree Asset Management Pty Ltd Makes New $1.37 Million Investment in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Fairtree Asset Management Pty Ltd bought a new stake in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 6,928 shares of the semiconductor company's stock, valued at approximately $1,368,000. Taiwan Semiconductor Manufacturing accounts for about 1.3% of Fairtree Asset Management Pty Ltd's portfolio, making the stock its 17th largest position.

A number of other institutional investors have also recently modified their holdings of TSM. Tallon Kerry Patrick acquired a new position in shares of Taiwan Semiconductor Manufacturing during the fourth quarter valued at approximately $228,000. LaFleur & Godfrey LLC purchased a new position in shares of Taiwan Semiconductor Manufacturing in the fourth quarter valued at approximately $221,000. Nisa Investment Advisors LLC lifted its position in shares of Taiwan Semiconductor Manufacturing by 16.5% in the fourth quarter. Nisa Investment Advisors LLC now owns 2,117 shares of the semiconductor company's stock valued at $419,000 after acquiring an additional 300 shares in the last quarter. Brighton Jones LLC lifted its position in shares of Taiwan Semiconductor Manufacturing by 20.9% in the fourth quarter. Brighton Jones LLC now owns 10,930 shares of the semiconductor company's stock valued at $2,159,000 after acquiring an additional 1,892 shares in the last quarter. Finally, Flagship Harbor Advisors LLC lifted its position in shares of Taiwan Semiconductor Manufacturing by 11.1% in the fourth quarter. Flagship Harbor Advisors LLC now owns 3,129 shares of the semiconductor company's stock valued at $618,000 after acquiring an additional 313 shares in the last quarter. 16.51% of the stock is currently owned by institutional investors and hedge funds.

Taiwan Semiconductor Manufacturing Price Performance

Shares of NYSE:TSM traded up $0.97 during midday trading on Thursday, hitting $197.11. The company had a trading volume of 14,606,486 shares, compared to its average volume of 15,867,056. Taiwan Semiconductor Manufacturing Company Limited has a twelve month low of $133.57 and a twelve month high of $226.40. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.57 and a quick ratio of 2.30. The stock has a market cap of $1.02 trillion, a price-to-earnings ratio of 28.00, a price-to-earnings-growth ratio of 0.66 and a beta of 1.21. The business's 50-day simple moving average is $170.49 and its 200-day simple moving average is $187.40.

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

Taiwan Semiconductor Manufacturing Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 9th. Investors of record on Tuesday, September 16th will be issued a $0.6499 dividend. The ex-dividend date of this dividend is Tuesday, September 16th. This represents a $2.60 annualized dividend and a dividend yield of 1.32%. Taiwan Semiconductor Manufacturing's dividend payout ratio is presently 27.76%.

Analysts Set New Price Targets

Several research firms have recently weighed in on TSM. Needham & Company LLC restated a "buy" rating and issued a $225.00 target price on shares of Taiwan Semiconductor Manufacturing in a research report on Thursday, April 17th. Citigroup restated a "buy" rating on shares of Taiwan Semiconductor Manufacturing in a research report on Thursday, May 22nd. Barclays restated a "hold" rating on shares of Taiwan Semiconductor Manufacturing in a research report on Friday, April 25th. Finally, Susquehanna restated a "positive" rating on shares of Taiwan Semiconductor Manufacturing in a research report on Friday, April 25th. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $212.00.

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.