XTX Topco Ltd Increases Stake in Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM)

Key Points

• XTX Topco Ltd has significantly increased its ownership in Taiwan Semiconductor Manufacturing Company Ltd. by 480% in the first quarter, now holding 35,946 shares worth approximately $5.97 million.
• Several institutional investors, including Banque Cantonale Vaudoise and Federated Hermes Inc., have also increased their positions in Taiwan Semiconductor Manufacturing, indicating heightened interest in the stock.
• Analysts have set new price targets for the stock, with Needham & Company maintaining a "buy" rating and a price target of $270.00, reflecting positive sentiment around the company's performance.

XTX Topco Ltd lifted its stake in Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM - Free Report) by 480.0% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 35,946 shares of the semiconductor company's stock after purchasing an additional 29,748 shares during the quarter. Taiwan Semiconductor Manufacturing comprises about 0.3% of XTX Topco Ltd's portfolio, making the stock its 26th largest holding. XTX Topco Ltd's holdings in Taiwan Semiconductor Manufacturing were worth $5,967,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Banque Cantonale Vaudoise purchased a new position in shares of Taiwan Semiconductor Manufacturing in the 1st quarter valued at approximately $8,625,000. RD Finance Ltd purchased a new position in shares of Taiwan Semiconductor Manufacturing in the 1st quarter valued at approximately $3,640,000. Federated Hermes Inc. raised its position in shares of Taiwan Semiconductor Manufacturing by 11.7% in the 1st quarter. Federated Hermes Inc. now owns 600,826 shares of the semiconductor company's stock valued at $99,737,000 after purchasing an additional 62,938 shares during the last quarter. Geneos Wealth Management Inc. raised its position in shares of Taiwan Semiconductor Manufacturing by 77.4% in the 1st quarter. Geneos Wealth Management Inc. now owns 24,582 shares of the semiconductor company's stock valued at $4,081,000 after purchasing an additional 10,723 shares during the last quarter. Finally, Cozad Asset Management Inc. raised its position in shares of Taiwan Semiconductor Manufacturing by 90.7% in the 1st quarter. Cozad Asset Management Inc. now owns 45,553 shares of the semiconductor company's stock valued at $7,562,000 after purchasing an additional 21,663 shares during the last quarter. 16.51% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages recently weighed in on TSM. Needham & Company LLC reiterated a "buy" rating and issued a $270.00 price target on shares of Taiwan Semiconductor Manufacturing in a report on Thursday, July 17th. Susquehanna set a $265.00 price target on shares of Taiwan Semiconductor Manufacturing and gave the stock a "positive" rating in a report on Monday, July 14th. Barclays reiterated an "overweight" rating and issued a $240.00 price target (up previously from $215.00) on shares of Taiwan Semiconductor Manufacturing in a report on Tuesday, June 3rd. Finally, Citigroup reiterated a "buy" rating on shares of Taiwan Semiconductor Manufacturing in a 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 stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $258.33.

Taiwan Semiconductor Manufacturing Price Performance

Shares of NYSE TSM opened at $242.71 on Tuesday. The stock has a market capitalization of $1.26 trillion, a price-to-earnings ratio of 27.68, a PEG ratio of 1.18 and a beta of 1.29. Taiwan Semiconductor Manufacturing Company Ltd. has a 12 month low of $133.57 and a 12 month high of $248.28. The firm's 50 day simple moving average is $218.46 and its 200-day simple moving average is $194.90. The company has a debt-to-equity ratio of 0.22, a current ratio of 2.39 and a quick ratio of 2.18.

Taiwan Semiconductor Manufacturing (NYSE:TSM - Get Free Report) last issued its quarterly earnings data on Thursday, July 17th. The semiconductor company reported $2.47 EPS for the quarter, topping analysts' consensus estimates of $2.13 by $0.34. The business had revenue of $30.07 billion for the quarter, compared to analysts' expectations of $28.50 billion. Taiwan Semiconductor Manufacturing had a net margin of 42.91% and a return on equity of 34.53%. The business's revenue was up 44.4% on a year-over-year basis. During the same quarter last year, the company earned $1.48 EPS. Analysts expect that Taiwan Semiconductor Manufacturing Company Ltd. will post 9.2 EPS for the current year.

Taiwan Semiconductor Manufacturing Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 9th. Investors of record on Tuesday, September 16th will be paid a $0.6499 dividend. The ex-dividend date is Tuesday, September 16th. This represents a $2.60 dividend on an annualized basis and a yield of 1.07%. Taiwan Semiconductor Manufacturing's dividend payout ratio is currently 28.16%.

About Taiwan Semiconductor Manufacturing

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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