Taiwan Semiconductor Manufacturing Company Ltd. $TSM Shares Acquired by WCM Investment Management LLC

Key Points

• WCM Investment Management LLC increased its holdings in Taiwan Semiconductor Manufacturing Company Ltd. by 3.3% during the second quarter, owning over 10 million shares worth approximately $2.3 billion.
• The company's earnings per share for the last quarter was $2.47, surpassing analysts' expectations, while its revenue grew by 44.4% year-over-year, reaching $30.07 billion.
• Taiwan Semiconductor announced a dividend increase to $0.8348 per share, which will be paid on January 8th, marking an annualized yield of 1.1%.

WCM Investment Management LLC lifted its holdings in shares of Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM - Free Report) by 3.3% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,058,659 shares of the semiconductor company's stock after buying an additional 324,615 shares during the quarter. Taiwan Semiconductor Manufacturing makes up approximately 5.2% of WCM Investment Management LLC's investment portfolio, making the stock its 3rd largest position. WCM Investment Management LLC owned approximately 0.19% of Taiwan Semiconductor Manufacturing worth $2,299,108,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. 1248 Management LLC acquired a new position in shares of Taiwan Semiconductor Manufacturing during the 1st quarter worth approximately $28,000. Graybill Wealth Management LTD. acquired a new position in shares of Taiwan Semiconductor Manufacturing during the 1st quarter worth approximately $33,000. Vision Financial Markets LLC acquired a new position in shares of Taiwan Semiconductor Manufacturing during the 1st quarter worth approximately $33,000. Keener Financial Planning LLC acquired a new position in shares of Taiwan Semiconductor Manufacturing during the 1st quarter worth approximately $39,000. Finally, Hemington Wealth Management raised its stake in shares of Taiwan Semiconductor Manufacturing by 78.2% during the 1st quarter. Hemington Wealth Management now owns 253 shares of the semiconductor company's stock worth $41,000 after buying an additional 111 shares during the period. 16.51% of the stock is owned by institutional investors and hedge funds.

Taiwan Semiconductor Manufacturing Stock Up 3.2%

Shares of NYSE:TSM opened at $305.48 on Thursday. The company has a quick ratio of 2.15, a current ratio of 2.37 and a debt-to-equity ratio of 0.20. The business has a fifty day moving average of $259.95 and a two-hundred day moving average of $219.85. The stock has a market cap of $1.58 trillion, a P/E ratio of 34.83, a PEG ratio of 1.41 and a beta of 1.28. Taiwan Semiconductor Manufacturing Company Ltd. has a 52-week low of $134.25 and a 52-week high of $307.30.

Taiwan Semiconductor Manufacturing (NYSE:TSM - Get Free Report) last issued its earnings results on Thursday, July 17th. The semiconductor company reported $2.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.13 by $0.34. The company had revenue of $30.07 billion during the quarter, compared to analysts' expectations of $28.50 billion. Taiwan Semiconductor Manufacturing had a return on equity of 33.37% and a net margin of 42.91%.The firm's quarterly revenue was up 44.4% on a year-over-year basis. During the same period in the prior year, the business earned $1.48 EPS. On average, research analysts expect that Taiwan Semiconductor Manufacturing Company Ltd. will post 9.2 earnings per share for the current year.

Taiwan Semiconductor Manufacturing Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, January 8th. Shareholders of record on Thursday, December 11th will be issued a $0.8348 dividend. This represents a $3.34 annualized dividend and a yield of 1.1%. The ex-dividend date is Thursday, December 11th. This is an increase from Taiwan Semiconductor Manufacturing's previous quarterly dividend of $0.65. Taiwan Semiconductor Manufacturing's dividend payout ratio (DPR) is currently 29.99%.

Analysts Set New Price Targets

Several research firms recently commented on TSM. Needham & Company LLC reissued a "buy" rating and issued a $270.00 price objective on shares of Taiwan Semiconductor Manufacturing in a research note on Thursday, July 17th. Itau BBA Securities began coverage on Taiwan Semiconductor Manufacturing in a research note on Tuesday, October 7th. They issued an "outperform" rating for the company. Weiss Ratings reissued a "hold (c+)" rating on shares of Taiwan Semiconductor Manufacturing in a research note on Wednesday, October 8th. Barclays increased their price objective on Taiwan Semiconductor Manufacturing from $325.00 to $330.00 and gave the company an "overweight" rating in a research note on Thursday, October 9th. Finally, Wall Street Zen raised Taiwan Semiconductor Manufacturing from a "hold" rating to a "buy" rating in a research note on Sunday, August 31st. Five investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $333.33.

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.

Want to see what other hedge funds are holding TSM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.