Grafton Street Partners Fund LP Makes New $6.72 Million Investment in Taiwan Semiconductor Manufacturing Company Ltd. $TSM

Key Points

• Grafton Street Partners Fund LP purchased 40,491 shares of Taiwan Semiconductor Manufacturing Company (TSM) valued at approximately $6.72 million, making it 5.2% of their portfolio.
• Several analysts have set new price targets for TSM, with notable ratings including a buy rating from Needham & Company LLC with a target of $270.00.
• Taiwan Semiconductor recently announced a quarterly dividend increase to $0.8348 per share, with the next payment scheduled for January 8th, 2024.

Grafton Street Partners Fund LP bought a new position in shares of Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM - Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 40,491 shares of the semiconductor company's stock, valued at approximately $6,722,000. Taiwan Semiconductor Manufacturing makes up 5.2% of Grafton Street Partners Fund LP's holdings, making the stock its 8th biggest holding.

A number of other institutional investors have also added to or reduced their stakes in TSM. WPG Advisers LLC bought a new position in Taiwan Semiconductor Manufacturing during the first quarter worth about $498,000. Siren L.L.C. grew its holdings in Taiwan Semiconductor Manufacturing by 90.0% during the 1st quarter. Siren L.L.C. now owns 28,500 shares of the semiconductor company's stock worth $4,731,000 after acquiring an additional 13,500 shares during the period. State of Wyoming grew its holdings in Taiwan Semiconductor Manufacturing by 1.2% during the 1st quarter. State of Wyoming now owns 16,604 shares of the semiconductor company's stock worth $2,756,000 after acquiring an additional 190 shares during the period. Tema Etfs LLC grew its holdings in shares of Taiwan Semiconductor Manufacturing by 49.7% in the 1st quarter. Tema Etfs LLC now owns 17,023 shares of the semiconductor company's stock valued at $2,826,000 after buying an additional 5,655 shares during the period. Finally, Trexquant Investment LP grew its holdings in shares of Taiwan Semiconductor Manufacturing by 233.9% in the 1st quarter. Trexquant Investment LP now owns 123,406 shares of the semiconductor company's stock valued at $20,485,000 after buying an additional 86,447 shares during the period. 16.51% of the stock is owned by institutional investors and hedge funds.

Taiwan Semiconductor Manufacturing Stock Down 3.0%

TSM traded down $7.26 during midday trading on Friday, hitting $231.01. The company had a trading volume of 15,511,696 shares, compared to its average volume of 10,208,586. Taiwan Semiconductor Manufacturing Company Ltd. has a 52 week low of $134.25 and a 52 week high of $248.28. The company has a quick ratio of 2.15, a current ratio of 2.37 and a debt-to-equity ratio of 0.20. The company has a market capitalization of $1.20 trillion, a price-to-earnings ratio of 26.34, a PEG ratio of 1.10 and a beta of 1.19. The stock's 50 day moving average price is $234.90 and its 200 day moving average price is $199.83.

Taiwan Semiconductor Manufacturing (NYSE:TSM - Get Free Report) last issued its quarterly earnings data on Thursday, July 17th. The semiconductor company reported $2.47 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.13 by $0.34. Taiwan Semiconductor Manufacturing had a net margin of 42.91% and a return on equity of 33.37%. The firm had revenue of $30.07 billion during the quarter, compared to analysts' expectations of $28.50 billion. During the same period last year, the company earned $1.48 earnings per share. The business's revenue was up 44.4% on a year-over-year basis. Taiwan Semiconductor Manufacturing has set its Q3 2025 guidance at EPS. On average, research analysts anticipate that Taiwan Semiconductor Manufacturing Company Ltd. will post 9.2 earnings per share for the current fiscal year.

Taiwan Semiconductor Manufacturing Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 8th. Stockholders of record on Thursday, December 11th will be given a $0.8348 dividend. This represents a $3.34 annualized dividend and a dividend yield of 1.4%. This is an increase from Taiwan Semiconductor Manufacturing's previous quarterly dividend of $0.65. The ex-dividend date of this dividend is Thursday, December 11th. Taiwan Semiconductor Manufacturing's payout ratio is presently 28.16%.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the stock. Barclays reaffirmed an "overweight" rating and issued a $240.00 target price (up from $215.00) on shares of Taiwan Semiconductor Manufacturing in a research note on Tuesday, June 3rd. Wall Street Zen cut shares of Taiwan Semiconductor Manufacturing from a "buy" rating to a "hold" rating in a report on Saturday, August 23rd. Citigroup reissued a "buy" rating on shares of Taiwan Semiconductor Manufacturing in a report on Thursday, May 22nd. Needham & Company LLC reiterated a "buy" rating and set a $270.00 price target on shares of Taiwan Semiconductor Manufacturing in a research report on Thursday, July 17th. Finally, Susquehanna increased their price target on shares of Taiwan Semiconductor Manufacturing from $255.00 to $265.00 and gave the stock a "positive" rating in a research report on Monday, July 14th. Four investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company currently has an average rating of "Buy" and a consensus price target of $258.33.

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.