Maxi Investments CY Ltd Boosts Stock Position in Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM)

Key Points

• Maxi Investments CY Ltd raised its stake in Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM) by 71.8%, now holding 63,201 shares valued at approximately $10.49 million.
• Recently, several large investors including Price T Rowe Associates and Jennison Associates have significantly increased their stakes in TSM, reflecting strong institutional interest.
• TSM reported quarterly earnings of $2.47 per share, exceeding estimates, along with revenue of $30.07 billion, a 44.4% year-over-year increase.

Maxi Investments CY Ltd lifted its position in shares of Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM - Free Report) by 71.8% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 63,201 shares of the semiconductor company's stock after acquiring an additional 26,419 shares during the quarter. Taiwan Semiconductor Manufacturing makes up approximately 2.1% of Maxi Investments CY Ltd's portfolio, making the stock its 10th biggest position. Maxi Investments CY Ltd's holdings in Taiwan Semiconductor Manufacturing were worth $10,491,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. City Holding Co. increased its stake in shares of Taiwan Semiconductor Manufacturing by 238.0% in the first quarter. City Holding Co. now owns 169 shares of the semiconductor company's stock valued at $28,000 after buying an additional 119 shares during the period. Accredited Wealth Management LLC bought a new position in Taiwan Semiconductor Manufacturing during the 4th quarter worth approximately $31,000. Signature Resources Capital Management LLC lifted its position in shares of Taiwan Semiconductor Manufacturing by 138.8% in the 1st quarter. Signature Resources Capital Management LLC now owns 191 shares of the semiconductor company's stock worth $32,000 after purchasing an additional 111 shares during the period. Graybill Wealth Management LTD. bought a new stake in shares of Taiwan Semiconductor Manufacturing in the 1st quarter valued at $33,000. Finally, Glass Jacobson Investment Advisors llc raised its stake in Taiwan Semiconductor Manufacturing by 289.4% during the fourth quarter. Glass Jacobson Investment Advisors llc now owns 183 shares of the semiconductor company's stock worth $36,000 after buying an additional 136 shares during the last quarter. 16.51% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have commented on TSM shares. 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 research report on Monday, July 14th. Citigroup reaffirmed a "buy" rating on shares of Taiwan Semiconductor Manufacturing in a research note on Thursday, May 22nd. Needham & Company LLC reiterated a "buy" rating and issued a $270.00 target price on shares of Taiwan Semiconductor Manufacturing in a report on Thursday, July 17th. Finally, Barclays restated an "overweight" rating and set a $240.00 price target (up from $215.00) on shares of Taiwan Semiconductor Manufacturing in a report on Tuesday, June 3rd. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $258.33.

Taiwan Semiconductor Manufacturing Stock Down 0.5%

Shares of TSM stock traded down $1.21 on Wednesday, reaching $231.26. 9,043,067 shares of the company were exchanged, compared to its average volume of 12,152,079. 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 50-day moving average of $223.83 and a 200-day moving average of $196.30. The company has a market cap of $1.20 trillion, a price-to-earnings ratio of 26.37, a PEG ratio of 1.12 and a beta of 1.19. Taiwan Semiconductor Manufacturing Company Ltd. has a one year low of $134.25 and a one year high of $248.28.

Taiwan Semiconductor Manufacturing (NYSE:TSM - Get Free Report) last posted its quarterly 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. 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 the consensus estimate of $28.50 billion. During the same period in the prior year, the business earned $1.48 EPS. The firm's revenue for the quarter was up 44.4% on a year-over-year basis. Analysts anticipate that Taiwan Semiconductor Manufacturing Company Ltd. will post 9.2 earnings per share for the current year.

Taiwan Semiconductor Manufacturing Cuts Dividend

The firm also recently disclosed 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 annualized dividend and a yield of 1.1%. Taiwan Semiconductor Manufacturing's dividend payout ratio is presently 29.65%.

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.