Mutual of America Capital Management LLC Makes New Investment in Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM)

Key Points

• Mutual of America Capital Management LLC has invested approximately $6.34 million in Taiwan Semiconductor Manufacturing Company (TSM), purchasing 38,216 shares in the first quarter.
• TSM reported strong quarterly earnings with an EPS of $2.47, surpassing analysts' estimates, alongside a significant year-over-year revenue increase of 44.4% to $30.07 billion.
• The company announced a quarterly dividend of $0.6499, representing an annualized payout of $2.60 and a 1.1% dividend yield, with a dividend payout ratio of 28.16%.

Mutual of America Capital Management LLC purchased a new stake in Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM - Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 38,216 shares of the semiconductor company's stock, valued at approximately $6,344,000.

Other hedge funds have also made changes to their positions in the company. FDx Advisors Inc. increased its position in Taiwan Semiconductor Manufacturing by 3.8% during the 1st quarter. FDx Advisors Inc. now owns 8,609 shares of the semiconductor company's stock worth $1,429,000 after purchasing an additional 316 shares in the last quarter. BankPlus Trust Department lifted its stake in shares of Taiwan Semiconductor Manufacturing by 6.2% in the 1st quarter. BankPlus Trust Department now owns 8,117 shares of the semiconductor company's stock valued at $1,347,000 after purchasing an additional 475 shares in the last quarter. Nikulski Financial Inc. lifted its stake in shares of Taiwan Semiconductor Manufacturing by 7.0% in the 1st quarter. Nikulski Financial Inc. now owns 2,145 shares of the semiconductor company's stock valued at $356,000 after purchasing an additional 140 shares in the last quarter. Kathmere Capital Management LLC lifted its stake in shares of Taiwan Semiconductor Manufacturing by 7.1% in the 1st quarter. Kathmere Capital Management LLC now owns 11,477 shares of the semiconductor company's stock valued at $1,905,000 after purchasing an additional 758 shares in the last quarter. Finally, Ballentine Partners LLC lifted its position in Taiwan Semiconductor Manufacturing by 22.9% during the 1st quarter. Ballentine Partners LLC now owns 42,769 shares of the semiconductor company's stock worth $7,100,000 after acquiring an additional 7,977 shares in the last quarter. Hedge funds and other institutional investors own 16.51% of the company's stock.

Taiwan Semiconductor Manufacturing Stock Up 4.7%

TSM opened at $242.27 on Friday. Taiwan Semiconductor Manufacturing Company Ltd. has a fifty-two week low of $134.25 and a fifty-two week high of $248.28. The business has a 50-day moving average of $225.43 and a 200-day moving average of $196.75. The company has a debt-to-equity ratio of 0.18, a current ratio of 2.37 and a quick ratio of 2.15. The company has a market capitalization of $1.26 trillion, a PE ratio of 27.63, a price-to-earnings-growth ratio of 1.12 and a beta of 1.19.

Taiwan Semiconductor Manufacturing (NYSE:TSM - Get Free Report) last issued its quarterly earnings data on Thursday, July 17th. The semiconductor company reported $2.47 EPS for the quarter, beating analysts' consensus estimates of $2.13 by $0.34. Taiwan Semiconductor Manufacturing had a return on equity of 32.87% and a net margin of 42.91%. The business had revenue of $30.07 billion for the quarter, compared to analyst estimates of $28.50 billion. During the same quarter in the prior year, the firm posted $1.48 EPS. The firm's revenue for the quarter was up 44.4% on a year-over-year basis. Equities research analysts forecast that Taiwan Semiconductor Manufacturing Company Ltd. will post 9.2 EPS for the current fiscal year.

Taiwan Semiconductor Manufacturing Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 9th. Shareholders of record on Tuesday, September 16th will be given a $0.6499 dividend. The ex-dividend date is Tuesday, September 16th. This represents a $2.60 dividend on an annualized basis and a dividend yield of 1.1%. Taiwan Semiconductor Manufacturing's dividend payout ratio (DPR) is currently 28.16%.

Wall Street Analyst Weigh In

TSM has been the topic of several recent research reports. Needham & Company LLC reissued a "buy" rating and set a $270.00 price target on shares of Taiwan Semiconductor Manufacturing in a research report on Thursday, July 17th. Barclays reiterated 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. Susquehanna upped their price objective on Taiwan Semiconductor Manufacturing from $255.00 to $265.00 and gave the stock a "positive" rating in a research note on Monday, July 14th. Finally, Citigroup restated a "buy" rating on shares of Taiwan Semiconductor Manufacturing in a research note on Thursday, May 22nd. One research analyst has 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 presently has an average rating of "Moderate Buy" and an average price target of $258.33.

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.

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