Infinitum Asset Management LLC Makes New Investment in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Infinitum Asset Management LLC bought a new stake in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM - Free Report) in the 4th quarter, according to its most recent 13F filing with the SEC. The firm bought 35,000 shares of the semiconductor company's stock, valued at approximately $6,912,000. Taiwan Semiconductor Manufacturing makes up about 3.7% of Infinitum Asset Management LLC's portfolio, making the stock its 9th biggest position.

Several other hedge funds have also recently added to or reduced their stakes in TSM. Tallon Kerry Patrick bought a new stake in Taiwan Semiconductor Manufacturing during the fourth quarter valued at $228,000. LaFleur & Godfrey LLC acquired a new position in Taiwan Semiconductor Manufacturing in the fourth quarter worth approximately $221,000. Nisa Investment Advisors LLC grew its holdings in Taiwan Semiconductor Manufacturing by 16.5% during the fourth quarter. Nisa Investment Advisors LLC now owns 2,117 shares of the semiconductor company's stock valued at $419,000 after purchasing an additional 300 shares during the last quarter. Brighton Jones LLC raised its position in shares of Taiwan Semiconductor Manufacturing by 20.9% during the fourth quarter. Brighton Jones LLC now owns 10,930 shares of the semiconductor company's stock valued at $2,159,000 after buying an additional 1,892 shares during the last quarter. Finally, RFG Advisory LLC increased its holdings in Taiwan Semiconductor Manufacturing by 15.0% in the 4th quarter. RFG Advisory LLC now owns 8,434 shares of the semiconductor company's stock valued at $1,666,000 after buying an additional 1,098 shares during the period. 16.51% of the stock is currently owned by hedge funds and other institutional investors.

Taiwan Semiconductor Manufacturing Stock Performance

Shares of NYSE:TSM traded up $5.83 on Tuesday, hitting $197.81. 12,199,029 shares of the company were exchanged, compared to its average volume of 15,856,385. The stock's 50 day moving average price is $169.69 and its 200 day moving average price is $187.26. The firm has a market capitalization of $1.03 trillion, a P/E ratio of 28.10, a price-to-earnings-growth ratio of 0.66 and a beta of 1.21. Taiwan Semiconductor Manufacturing Company Limited has a 1-year low of $133.57 and a 1-year high of $226.40. The company has a current ratio of 2.57, a quick ratio of 2.30 and a debt-to-equity ratio of 0.24.

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

Taiwan Semiconductor Manufacturing Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 9th. Stockholders 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 dividend on an annualized basis and a dividend yield of 1.31%. Taiwan Semiconductor Manufacturing's payout ratio is 27.76%.

Analyst Ratings Changes

TSM has been the topic of several recent research reports. Susquehanna reiterated a "positive" rating on shares of Taiwan Semiconductor Manufacturing in a report on Friday, April 25th. Barclays restated a "hold" rating on shares of Taiwan Semiconductor Manufacturing in a research report on Friday, April 25th. Needham & Company LLC reissued a "buy" rating and issued a $225.00 price target on shares of Taiwan Semiconductor Manufacturing in a research note on Thursday, April 17th. Citigroup reiterated a "buy" rating on shares of Taiwan Semiconductor Manufacturing in a report on Thursday. Finally, Wall Street Zen downgraded Taiwan Semiconductor Manufacturing from a "buy" rating to a "hold" rating in a research report on Tuesday, January 28th. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $212.00.

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.