Kapitalo Investimentos Ltda Invests $32.31 Million in Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM)

Key Points

• Kapitalo Investimentos Ltda invested approximately $32.31 million in Taiwan Semiconductor Manufacturing Company Ltd. (TSM), acquiring 194,664 shares, which now represent 6.6% of its holdings.
• In recent activity, institutional investors have shown significant interest in TSM, with Price T Rowe Associates increasing its position by 67% and other large investors acquiring substantial shares.
• Analysts maintain a generally positive outlook on TSM, with several firms setting target prices above $240 and an average rating of "Moderate Buy" based on recent assessments.

Kapitalo Investimentos Ltda 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 and Exchange Commission (SEC). The fund bought 194,664 shares of the semiconductor company's stock, valued at approximately $32,314,000. Taiwan Semiconductor Manufacturing makes up approximately 6.6% of Kapitalo Investimentos Ltda's investment portfolio, making the stock its 4th largest holding.

Several other institutional investors have also recently added to or reduced their stakes in TSM. ARK Investment Management LLC raised its holdings in Taiwan Semiconductor Manufacturing by 4.0% in the first quarter. ARK Investment Management LLC now owns 226,048 shares of the semiconductor company's stock valued at $37,524,000 after acquiring an additional 8,715 shares in the last quarter. Allen Investment Management LLC raised its holdings in Taiwan Semiconductor Manufacturing by 40.1% in the first quarter. Allen Investment Management LLC now owns 129,762 shares of the semiconductor company's stock valued at $21,540,000 after acquiring an additional 37,139 shares in the last quarter. HB Wealth Management LLC raised its holdings in Taiwan Semiconductor Manufacturing by 46.4% in the first quarter. HB Wealth Management LLC now owns 36,059 shares of the semiconductor company's stock valued at $5,986,000 after acquiring an additional 11,422 shares in the last quarter. First Heartland Consultants Inc. raised its holdings in Taiwan Semiconductor Manufacturing by 33.3% in the first quarter. First Heartland Consultants Inc. now owns 1,647 shares of the semiconductor company's stock valued at $273,000 after acquiring an additional 411 shares in the last quarter. Finally, Stevens Capital Management LP acquired a new stake in Taiwan Semiconductor Manufacturing in the first quarter valued at $3,633,000. 16.51% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts recently issued reports on the stock. Susquehanna upped their price target 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. Barclays reaffirmed an "overweight" rating and issued a $240.00 price target (up from $215.00) on shares of Taiwan Semiconductor Manufacturing in a report on Tuesday, June 3rd. Needham & Company LLC reaffirmed a "buy" rating and issued a $270.00 price target on shares of Taiwan Semiconductor Manufacturing in a report on Thursday, July 17th. Finally, Citigroup reaffirmed a "buy" rating on shares of Taiwan Semiconductor Manufacturing in a report on Thursday, May 22nd. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat, Taiwan Semiconductor Manufacturing currently has an average rating of "Moderate Buy" and an average target price of $258.33.

Taiwan Semiconductor Manufacturing Stock Performance

Shares of NYSE:TSM traded up $2.01 on Wednesday, reaching $243.34. 3,550,074 shares of the company's stock were exchanged, compared to its average volume of 15,473,706. The firm has a market capitalization of $1.26 trillion, a price-to-earnings ratio of 27.72, a PEG ratio of 1.17 and a beta of 1.29. Taiwan Semiconductor Manufacturing Company Ltd. has a fifty-two week low of $133.57 and a fifty-two week high of $248.28. The business's 50-day moving average is $219.42 and its two-hundred day moving average is $195.23. The company has a quick ratio of 2.18, a current ratio of 2.39 and a debt-to-equity ratio of 0.22.

Taiwan Semiconductor Manufacturing (NYSE:TSM - Get Free Report) last issued its earnings results on Thursday, July 17th. The semiconductor company reported $2.47 earnings per share for the quarter, topping analysts' consensus estimates of $2.13 by $0.34. The company had revenue of $30.07 billion for the quarter, compared to analysts' expectations of $28.50 billion. Taiwan Semiconductor Manufacturing had a net margin of 42.91% and a return on equity of 34.53%. The firm's revenue was up 44.4% compared to the same quarter last year. During the same period in the prior year, the company earned $1.48 earnings per share. As a group, equities research analysts forecast that Taiwan Semiconductor Manufacturing Company Ltd. will post 9.2 EPS for the current year.

Taiwan Semiconductor Manufacturing Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 9th. Shareholders 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 1.07%. Taiwan Semiconductor Manufacturing's dividend payout ratio (DPR) is 28.16%.

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.