Junto Capital Management LP Acquires New Position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Junto Capital Management LP acquired a new stake in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 203,815 shares of the semiconductor company's stock, valued at approximately $40,251,000.

Other institutional investors have also recently bought and sold shares of the company. ST Germain D J Co. Inc. increased its holdings in Taiwan Semiconductor Manufacturing by 0.7% in the fourth quarter. ST Germain D J Co. Inc. now owns 9,339 shares of the semiconductor company's stock valued at $1,844,000 after purchasing an additional 61 shares during the last quarter. Paragon Advisors LLC increased its stake in shares of Taiwan Semiconductor Manufacturing by 7.3% in the 4th quarter. Paragon Advisors LLC now owns 43,777 shares of the semiconductor company's stock valued at $8,646,000 after acquiring an additional 2,996 shares during the last quarter. Aprio Wealth Management LLC raised its position in shares of Taiwan Semiconductor Manufacturing by 20.1% in the 4th quarter. Aprio Wealth Management LLC now owns 10,570 shares of the semiconductor company's stock valued at $2,087,000 after acquiring an additional 1,772 shares during the period. Matrix Trust Co bought a new position in Taiwan Semiconductor Manufacturing during the 4th quarter worth approximately $170,000. Finally, Headwater Capital Co Ltd acquired a new position in Taiwan Semiconductor Manufacturing during the fourth quarter valued at approximately $49,372,000. Institutional investors and hedge funds own 16.51% of the company's stock.

Taiwan Semiconductor Manufacturing Stock Performance

Shares of Taiwan Semiconductor Manufacturing stock opened at $176.65 on Friday. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.57 and a quick ratio of 2.30. The firm has a market cap of $916.18 billion, a price-to-earnings ratio of 25.09, a price-to-earnings-growth ratio of 0.66 and a beta of 1.21. The stock's 50-day moving average is $165.73 and its 200-day moving average is $187.57. Taiwan Semiconductor Manufacturing Company Limited has a one year low of $133.57 and a one year high of $226.40.

Taiwan Semiconductor Manufacturing (NYSE:TSM - Get Free Report) last released its earnings results on Thursday, April 17th. The semiconductor company reported $2.12 EPS for the quarter, beating the consensus estimate of $2.03 by $0.09. The firm had revenue of $25.82 billion for the quarter, compared to analysts' expectations of $834.10 billion. Taiwan Semiconductor Manufacturing had a return on equity of 30.47% and a net margin of 40.51%. Equities analysts predict that Taiwan Semiconductor Manufacturing Company Limited will post 9.2 earnings per share for the current fiscal year.

Taiwan Semiconductor Manufacturing Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 10th. Shareholders of record on Thursday, June 12th will be paid a $0.6855 dividend. This is a positive change from Taiwan Semiconductor Manufacturing's previous quarterly dividend of $0.55. This represents a $2.74 annualized dividend and a yield of 1.55%. The ex-dividend date of this dividend is Thursday, June 12th. Taiwan Semiconductor Manufacturing's payout ratio is presently 27.76%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on TSM shares. Barclays reissued a "hold" rating on shares of Taiwan Semiconductor Manufacturing in a research report on Friday, April 25th. Susquehanna reiterated a "positive" rating on shares of Taiwan Semiconductor Manufacturing in a report on Friday, April 25th. StockNews.com downgraded Taiwan Semiconductor Manufacturing from a "buy" rating to a "hold" rating in a report on Tuesday, January 28th. Finally, Needham & Company LLC reiterated a "buy" rating and set a $225.00 price objective on shares of Taiwan Semiconductor Manufacturing in a report on Thursday, April 17th. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $212.00.

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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