Sapient Capital LLC Boosts Stake in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Sapient Capital LLC boosted its stake in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM - Free Report) by 1,056.5% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 132,166 shares of the semiconductor company's stock after buying an additional 120,738 shares during the period. Sapient Capital LLC's holdings in Taiwan Semiconductor Manufacturing were worth $22,023,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of TSM. Guardian Partners Inc. bought a new stake in shares of Taiwan Semiconductor Manufacturing in the 4th quarter worth approximately $9,222,000. Hardman Johnston Global Advisors LLC boosted its position in shares of Taiwan Semiconductor Manufacturing by 7.6% in the 4th quarter. Hardman Johnston Global Advisors LLC now owns 381,432 shares of the semiconductor company's stock worth $75,329,000 after purchasing an additional 26,847 shares in the last quarter. Pinnacle Investment Management Ltd bought a new stake in shares of Taiwan Semiconductor Manufacturing in the 4th quarter worth approximately $26,661,000. Alphinity Investment Management Pty Ltd bought a new stake in shares of Taiwan Semiconductor Manufacturing in the 4th quarter worth approximately $349,241,000. Finally, North of South Capital LLP boosted its position in shares of Taiwan Semiconductor Manufacturing by 15.8% in the 4th quarter. North of South Capital LLP now owns 516,404 shares of the semiconductor company's stock worth $101,985,000 after purchasing an additional 70,362 shares in the last quarter. 16.51% of the stock is currently owned by hedge funds and other institutional investors.

Taiwan Semiconductor Manufacturing Stock Performance

TSM traded down $4.36 during mid-day trading on Friday, reaching $211.07. 10,138,050 shares of the company traded hands, compared to its average volume of 15,750,296. The stock has a market capitalization of $1.09 trillion, a P/E ratio of 29.98, a P/E/G ratio of 0.66 and a beta of 1.27. The company has a quick ratio of 2.30, a current ratio of 2.57 and a debt-to-equity ratio of 0.24. The company's fifty day moving average price is $180.24 and its 200-day moving average price is $188.77. Taiwan Semiconductor Manufacturing Company Limited has a 52-week low of $133.57 and a 52-week high of $226.40.

Taiwan Semiconductor Manufacturing (NYSE:TSM - Get Free Report) last announced its earnings results on Thursday, April 17th. The semiconductor company reported $2.12 earnings per share for the quarter, beating 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 net margin of 40.51% and a return on equity of 30.47%. On average, sell-side analysts expect that Taiwan Semiconductor Manufacturing Company Limited will post 9.2 EPS for the current year.

Taiwan Semiconductor Manufacturing Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 9th. Shareholders of record on Tuesday, September 16th will be paid 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 yield of 1.23%. Taiwan Semiconductor Manufacturing's dividend payout ratio is presently 30.46%.

Analyst Ratings Changes

A number of brokerages have recently commented on TSM. Susquehanna reissued a "positive" rating on shares of Taiwan Semiconductor Manufacturing in a research report on Friday, April 25th. Citigroup restated a "buy" rating on shares of Taiwan Semiconductor Manufacturing in a report on Thursday, May 22nd. Barclays restated an "overweight" rating and issued a $240.00 price objective (up from $215.00) on shares of Taiwan Semiconductor Manufacturing in a report on Tuesday, June 3rd. Finally, Needham & Company LLC restated a "buy" rating and issued a $225.00 price objective on shares of Taiwan Semiconductor Manufacturing in a report on Thursday, April 17th. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $217.00.

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.