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

Infinitum Asset Management LLC acquired a new stake in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 35,000 shares of the semiconductor company's stock, valued at approximately $6,912,000. Taiwan Semiconductor Manufacturing accounts for about 3.7% of Infinitum Asset Management LLC's investment portfolio, making the stock its 9th largest holding.

A number of other institutional investors also recently added to or reduced their stakes in the business. WP Advisors LLC grew its holdings in shares of Taiwan Semiconductor Manufacturing by 1.2% in the 4th quarter. WP Advisors LLC now owns 4,271 shares of the semiconductor company's stock worth $843,000 after acquiring an additional 50 shares during the period. Heritage Wealth Advisors boosted its position in Taiwan Semiconductor Manufacturing by 20.0% during the fourth quarter. Heritage Wealth Advisors now owns 300 shares of the semiconductor company's stock worth $59,000 after purchasing an additional 50 shares in the last quarter. First Heartland Consultants Inc. grew its holdings in Taiwan Semiconductor Manufacturing by 4.2% in the fourth quarter. First Heartland Consultants Inc. now owns 1,236 shares of the semiconductor company's stock valued at $244,000 after purchasing an additional 50 shares during the last quarter. Formidable Asset Management LLC increased its position in shares of Taiwan Semiconductor Manufacturing by 3.2% in the fourth quarter. Formidable Asset Management LLC now owns 1,606 shares of the semiconductor company's stock valued at $317,000 after buying an additional 50 shares in the last quarter. Finally, AlphaMark Advisors LLC increased its position in shares of Taiwan Semiconductor Manufacturing by 1.1% in the fourth quarter. AlphaMark Advisors LLC now owns 4,924 shares of the semiconductor company's stock valued at $972,000 after buying an additional 55 shares in the last quarter. Hedge funds and other institutional investors own 16.51% of the company's stock.

Taiwan Semiconductor Manufacturing Stock Performance

Shares of TSM stock traded down $1.42 during trading hours on Wednesday, reaching $196.26. The stock had a trading volume of 17,473,487 shares, compared to its average volume of 15,863,021. 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 firm has a 50-day simple moving average of $170.10 and a 200-day simple moving average of $187.33. The firm has a market capitalization of $1.02 trillion, a PE ratio of 27.88, a price-to-earnings-growth ratio of 0.66 and a beta of 1.21. Taiwan Semiconductor Manufacturing Company Limited has a twelve month low of $133.57 and a twelve month high of $226.40.

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

Taiwan Semiconductor Manufacturing Cuts Dividend

The company 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 1.32%. Taiwan Semiconductor Manufacturing's dividend payout ratio is currently 27.76%.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the stock. Citigroup reiterated a "buy" rating on shares of Taiwan Semiconductor Manufacturing in a research report on Thursday, May 22nd. Wall Street Zen downgraded shares of Taiwan Semiconductor Manufacturing from a "buy" rating to a "hold" rating in a research note on Tuesday, January 28th. Susquehanna reissued a "positive" rating on shares of Taiwan Semiconductor Manufacturing in a research report on Friday, April 25th. Barclays reissued a "hold" rating on shares of Taiwan Semiconductor Manufacturing in a research report on Friday, April 25th. Finally, Needham & Company LLC reissued a "buy" rating and issued a $225.00 price objective on shares of Taiwan Semiconductor Manufacturing in a research report on Thursday, April 17th. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target 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.