Taiwan Semiconductor Manufacturing Company Ltd. $TSM Shares Purchased by Callahan Advisors LLC

Key Points

• Callahan Advisors LLC increased its stake in Taiwan Semiconductor Manufacturing Company by 108.9% in the second quarter, acquiring an additional 13,330 shares worth about $5.79 million.
• Several hedge funds have also boosted their positions in Taiwan Semiconductor, including Brighton Jones LLC and NBT Bank N A NY, with institutional investors now owning 16.51% of the stock.
• Taiwan Semiconductor recently increased its quarterly dividend to $0.8348, reflecting a yield of 1.1% and a payout ratio of 29.99%.

Callahan Advisors LLC boosted its stake in shares of Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM - Free Report) by 108.9% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 25,567 shares of the semiconductor company's stock after acquiring an additional 13,330 shares during the quarter. Callahan Advisors LLC's holdings in Taiwan Semiconductor Manufacturing were worth $5,791,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in TSM. Brighton Jones LLC lifted its position 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 worth $2,159,000 after acquiring an additional 1,892 shares during the period. GAMMA Investing LLC lifted its position in Taiwan Semiconductor Manufacturing by 7.0% during the 1st quarter. GAMMA Investing LLC now owns 9,103 shares of the semiconductor company's stock worth $1,511,000 after acquiring an additional 594 shares during the period. Grove Bank & Trust lifted its position in Taiwan Semiconductor Manufacturing by 4.0% during the 1st quarter. Grove Bank & Trust now owns 3,510 shares of the semiconductor company's stock worth $583,000 after acquiring an additional 136 shares during the period. NBT Bank N A NY lifted its position in Taiwan Semiconductor Manufacturing by 30.0% during the 1st quarter. NBT Bank N A NY now owns 3,229 shares of the semiconductor company's stock worth $536,000 after acquiring an additional 746 shares during the period. Finally, CENTRAL TRUST Co lifted its position in Taiwan Semiconductor Manufacturing by 13.3% during the 1st quarter. CENTRAL TRUST Co now owns 2,828 shares of the semiconductor company's stock worth $470,000 after acquiring an additional 333 shares during the period. 16.51% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have weighed in on TSM. Susquehanna increased their price objective on Taiwan Semiconductor Manufacturing from $300.00 to $400.00 and gave the stock a "positive" rating in a research report on Friday, October 10th. Barclays increased their target price on Taiwan Semiconductor Manufacturing from $325.00 to $330.00 and gave the stock an "overweight" rating in a research note on Thursday, October 9th. Weiss Ratings reissued a "hold (c+)" rating on shares of Taiwan Semiconductor Manufacturing in a research note on Wednesday, October 8th. Itau BBA Securities began coverage on Taiwan Semiconductor Manufacturing in a research note on Tuesday, October 7th. They set an "outperform" rating for the company. 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 equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, Taiwan Semiconductor Manufacturing currently has an average rating of "Moderate Buy" and a consensus target price of $333.33.

Taiwan Semiconductor Manufacturing Stock Performance

NYSE TSM opened at $305.48 on Thursday. Taiwan Semiconductor Manufacturing Company Ltd. has a 1-year low of $134.25 and a 1-year high of $307.30. The company has a market capitalization of $1.58 trillion, a P/E ratio of 34.83, a PEG ratio of 1.41 and a beta of 1.28. The business has a 50 day moving average price of $259.95 and a 200 day moving average price of $219.85. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.37 and a quick ratio of 2.15.

Taiwan Semiconductor Manufacturing (NYSE:TSM - Get Free Report) last released 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. Taiwan Semiconductor Manufacturing had a return on equity of 33.37% and a net margin of 42.91%.The firm had revenue of $30.07 billion during the quarter, compared to the consensus estimate of $28.50 billion. During the same period last year, the business posted $1.48 EPS. Taiwan Semiconductor Manufacturing's quarterly revenue was up 44.4% on a year-over-year basis. Sell-side analysts expect that Taiwan Semiconductor Manufacturing Company Ltd. will post 9.2 EPS for the current fiscal year.

Taiwan Semiconductor Manufacturing Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 8th. Investors of record on Thursday, December 11th will be paid a $0.8348 dividend. This represents a $3.34 annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend 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 29.99%.

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.

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