RD Finance Ltd Makes New $3.64 Million Investment in Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM)

Key Points

• RD Finance Ltd has acquired a $3.64 million stake in Taiwan Semiconductor Manufacturing Company, making it the firm's 7th largest holding.
• Various hedge funds have increased their positions in Taiwan Semiconductor, with institutional investors owning 16.51% of the company's stock.
• An analysts' consensus rating for Taiwan Semiconductor is "Moderate Buy", with target prices ranging from $240.00 to $270.00 per share.

RD Finance Ltd purchased a new stake in Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 21,930 shares of the semiconductor company's stock, valued at approximately $3,640,000. Taiwan Semiconductor Manufacturing comprises approximately 2.9% of RD Finance Ltd's investment portfolio, making the stock its 7th largest holding.

Other hedge funds also recently modified their holdings of the company. DekaBank Deutsche Girozentrale increased its holdings in Taiwan Semiconductor Manufacturing by 0.9% during the 1st quarter. DekaBank Deutsche Girozentrale now owns 1,339,479 shares of the semiconductor company's stock worth $214,442,000 after purchasing an additional 11,693 shares in the last quarter. Pinnacle Investment Management Ltd bought a new position in shares of Taiwan Semiconductor Manufacturing in the fourth quarter valued at approximately $26,661,000. Sentry LLC bought a new position in shares of Taiwan Semiconductor Manufacturing in the first quarter valued at approximately $222,000. Compound Global Advisors LLC grew its holdings in shares of Taiwan Semiconductor Manufacturing by 31.2% in the first quarter. Compound Global Advisors LLC now owns 4,796 shares of the semiconductor company's stock valued at $747,000 after acquiring an additional 1,141 shares in the last quarter. Finally, Polymer Capital Management HK LTD grew its holdings in shares of Taiwan Semiconductor Manufacturing by 47.7% in the fourth quarter. Polymer Capital Management HK LTD now owns 86,493 shares of the semiconductor company's stock valued at $17,082,000 after acquiring an additional 27,938 shares in the last quarter. Institutional investors and hedge funds own 16.51% of the company's stock.

Wall Street Analysts Forecast Growth

TSM has been the topic of several research analyst reports. Needham & Company LLC reiterated a "buy" rating and issued a $270.00 price objective on shares of Taiwan Semiconductor Manufacturing in a research note on Thursday, July 17th. Citigroup reissued a "buy" rating on shares of Taiwan Semiconductor Manufacturing in a research note on Thursday, May 22nd. Susquehanna increased their target price on Taiwan Semiconductor Manufacturing from $255.00 to $265.00 and gave the company a "positive" rating in a research note on Monday, July 14th. Finally, Barclays reaffirmed an "overweight" rating and set a $240.00 price objective (up from $215.00) on shares of Taiwan Semiconductor Manufacturing in a research note on Tuesday, June 3rd. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $258.33.

Taiwan Semiconductor Manufacturing Stock Performance

Taiwan Semiconductor Manufacturing stock opened at $242.71 on Tuesday. The stock's 50 day simple moving average is $218.46 and its two-hundred day simple moving average is $194.90. The company has a debt-to-equity ratio of 0.22, a quick ratio of 2.18 and a current ratio of 2.39. The stock has a market cap of $1.26 trillion, a price-to-earnings ratio of 27.68, a PEG ratio of 1.18 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.

Taiwan Semiconductor Manufacturing (NYSE:TSM - Get Free Report) last posted its quarterly earnings data on Thursday, July 17th. The semiconductor company reported $2.47 earnings per share for the quarter, beating the consensus estimate of $2.13 by $0.34. The business had revenue of $30.07 billion for the quarter, compared to analysts' expectations of $28.50 billion. Taiwan Semiconductor Manufacturing had a return on equity of 34.53% and a net margin of 42.91%. The business's revenue was up 44.4% on a year-over-year basis. During the same period in the previous year, the firm posted $1.48 EPS. As a group, analysts expect that Taiwan Semiconductor Manufacturing Company Ltd. will post 9.2 earnings per share for the current fiscal year.

Taiwan Semiconductor Manufacturing Cuts Dividend

The firm also recently announced 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 of this dividend is Tuesday, September 16th. This represents a $2.60 annualized dividend and a dividend yield of 1.07%. Taiwan Semiconductor Manufacturing's payout ratio is 28.16%.

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.

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