GSA Capital Partners LLP Raises Position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

GSA Capital Partners LLP grew its holdings in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 371.0% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,582 shares of the semiconductor company’s stock after acquiring an additional 6,760 shares during the period. GSA Capital Partners LLP’s holdings in Taiwan Semiconductor Manufacturing were worth $1,490,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. BOKF NA increased its position in Taiwan Semiconductor Manufacturing by 4.8% in the first quarter. BOKF NA now owns 1,762 shares of the semiconductor company’s stock worth $249,000 after buying an additional 81 shares in the last quarter. HF Advisory Group LLC increased its holdings in Taiwan Semiconductor Manufacturing by 55.5% in the 3rd quarter. HF Advisory Group LLC now owns 13,755 shares of the semiconductor company’s stock worth $2,389,000 after acquiring an additional 4,907 shares in the last quarter. Impax Asset Management Group plc raised its stake in Taiwan Semiconductor Manufacturing by 33.7% during the 3rd quarter. Impax Asset Management Group plc now owns 26,418 shares of the semiconductor company’s stock worth $4,588,000 after acquiring an additional 6,664 shares during the period. Advisor Resource Council purchased a new position in Taiwan Semiconductor Manufacturing during the third quarter valued at approximately $613,000. Finally, Callahan Advisors LLC boosted its position in shares of Taiwan Semiconductor Manufacturing by 67.1% in the third quarter. Callahan Advisors LLC now owns 8,360 shares of the semiconductor company’s stock worth $1,452,000 after purchasing an additional 3,358 shares during the period. 16.51% of the stock is currently owned by hedge funds and other institutional investors.

Taiwan Semiconductor Manufacturing Stock Performance

Taiwan Semiconductor Manufacturing stock opened at $186.72 on Thursday. The company has a quick ratio of 2.30, a current ratio of 2.57 and a debt-to-equity ratio of 0.23. Taiwan Semiconductor Manufacturing Company Limited has a twelve month low of $95.25 and a twelve month high of $212.60. The company’s 50-day moving average price is $184.19 and its 200-day moving average price is $171.37. The company has a market cap of $968.41 billion, a PE ratio of 29.92, a price-to-earnings-growth ratio of 0.91 and a beta of 1.12.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last issued its quarterly earnings data on Thursday, October 17th. The semiconductor company reported $1.94 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.74 by $0.20. The business had revenue of $23.50 billion for the quarter, compared to the consensus estimate of $22.72 billion. Taiwan Semiconductor Manufacturing had a return on equity of 27.30% and a net margin of 39.10%. On average, equities research analysts forecast that Taiwan Semiconductor Manufacturing Company Limited will post 6.73 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, April 10th. Shareholders of record on Tuesday, March 18th will be given a dividend of $0.5484 per share. This is a boost from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. The ex-dividend date is Tuesday, March 18th. This represents a $2.19 dividend on an annualized basis and a yield of 1.17%. Taiwan Semiconductor Manufacturing’s payout ratio is 31.09%.

Analysts Set New Price Targets

TSM has been the topic of several recent analyst reports. Needham & Company LLC restated a “buy” rating and set a $210.00 price objective on shares of Taiwan Semiconductor Manufacturing in a research report on Thursday, October 17th. Susquehanna restated a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a research report on Friday, October 18th. TD Cowen increased their target price on Taiwan Semiconductor Manufacturing from $130.00 to $170.00 and gave the stock a “hold” rating in a research report on Thursday, July 18th. StockNews.com upgraded Taiwan Semiconductor Manufacturing from a “hold” rating to a “buy” rating in a research note on Saturday, November 9th. Finally, Barclays lifted their price objective on shares of Taiwan Semiconductor Manufacturing from $200.00 to $215.00 and gave the company an “overweight” rating in a research report on Wednesday, October 23rd. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, Taiwan Semiconductor Manufacturing currently has a consensus rating of “Moderate Buy” and an average price target of $209.00.

Taiwan Semiconductor Manufacturing 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.