LHM Inc. Decreases Stake in Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM)

Key Points

• LHM Inc. reduced its stake in Taiwan Semiconductor Manufacturing Company Ltd. by 35.5%, leaving it with 4,594 shares valued at approximately $765,000.
• The company achieved earnings of $2.47 per share for its last quarter, exceeding expectations and showing a 44.4% increase in revenue year-over-year.
• Analysts have recently adjusted their price targets for Taiwan Semiconductor Manufacturing, with estimates ranging from $240.00 to $270.00, reflecting a positive outlook for the stock.

LHM Inc. reduced its position in Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM - Free Report) by 35.5% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 4,594 shares of the semiconductor company's stock after selling 2,528 shares during the quarter. Taiwan Semiconductor Manufacturing comprises approximately 0.3% of LHM Inc.'s investment portfolio, making the stock its 23rd largest position. LHM Inc.'s holdings in Taiwan Semiconductor Manufacturing were worth $765,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the company. Brighton Jones LLC boosted its holdings in Taiwan Semiconductor Manufacturing by 20.9% during the 4th quarter. Brighton Jones LLC now owns 10,930 shares of the semiconductor company's stock valued at $2,159,000 after acquiring an additional 1,892 shares during the period. Savvy Advisors Inc. boosted its holdings in Taiwan Semiconductor Manufacturing by 13.4% during the 4th quarter. Savvy Advisors Inc. now owns 2,380 shares of the semiconductor company's stock valued at $470,000 after acquiring an additional 282 shares during the period. Mariner LLC boosted its holdings in Taiwan Semiconductor Manufacturing by 5.2% during the 4th quarter. Mariner LLC now owns 222,948 shares of the semiconductor company's stock valued at $44,032,000 after acquiring an additional 10,983 shares during the period. CreativeOne Wealth LLC boosted its holdings in Taiwan Semiconductor Manufacturing by 56.3% during the 4th quarter. CreativeOne Wealth LLC now owns 8,318 shares of the semiconductor company's stock valued at $1,643,000 after acquiring an additional 2,995 shares during the period. Finally, Hanlon Investment Management Inc. purchased a new position in shares of Taiwan Semiconductor Manufacturing in the 4th quarter valued at about $241,000. 16.51% of the stock is owned by institutional investors and hedge funds.

Taiwan Semiconductor Manufacturing Stock Performance

TSM traded down $2.78 during trading on Wednesday, hitting $241.51. 7,961,236 shares of the stock were exchanged, compared to its average volume of 11,997,785. The firm has a market capitalization of $1.25 trillion, a P/E ratio of 27.54, a PEG ratio of 1.18 and a beta of 1.19. Taiwan Semiconductor Manufacturing Company Ltd. has a 1-year low of $134.25 and a 1-year high of $248.28. The stock has a fifty day moving average price of $229.05 and a two-hundred day moving average price of $197.31. The company has a quick ratio of 2.15, a current ratio of 2.37 and a debt-to-equity ratio of 0.18.

Taiwan Semiconductor Manufacturing (NYSE:TSM - Get Free Report) last released its quarterly earnings results on Thursday, July 17th. The semiconductor company reported $2.47 EPS for the quarter, topping the consensus estimate of $2.13 by $0.34. The company had revenue of $30.07 billion for the quarter, compared to analyst estimates of $28.50 billion. Taiwan Semiconductor Manufacturing had a return on equity of 32.87% and a net margin of 42.91%. The firm's revenue was up 44.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.48 earnings per share. As a group, sell-side analysts predict that Taiwan Semiconductor Manufacturing Company Ltd. will post 9.2 earnings per share 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. Stockholders of record on Tuesday, September 16th will be issued a $0.6499 dividend. The ex-dividend date of this dividend 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 payout ratio is presently 28.16%.

Wall Street Analysts Forecast Growth

TSM has been the subject of several recent research reports. Barclays reiterated an "overweight" rating and issued a $240.00 price objective (up previously from $215.00) on shares of Taiwan Semiconductor Manufacturing in a research note on Tuesday, June 3rd. 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. Susquehanna lifted their price objective 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, Citigroup reissued a "buy" rating on shares of Taiwan Semiconductor Manufacturing in a research report on Thursday, May 22nd. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat.com, Taiwan Semiconductor Manufacturing presently has an average rating of "Moderate Buy" and a consensus target price of $258.33.

Taiwan Semiconductor Manufacturing Company 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.