First Long Island Investors LLC Raises Stake in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

First Long Island Investors LLC lifted its stake in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 25.0% during the third quarter, HoldingsChannel reports. The firm owned 105,984 shares of the semiconductor company’s stock after purchasing an additional 21,165 shares during the period. Taiwan Semiconductor Manufacturing accounts for about 1.5% of First Long Island Investors LLC’s holdings, making the stock its 28th largest position. First Long Island Investors LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $18,406,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently added to or reduced their stakes in the company. Capital World Investors increased its stake in shares of Taiwan Semiconductor Manufacturing by 1.7% during the first quarter. Capital World Investors now owns 42,061,083 shares of the semiconductor company’s stock valued at $5,722,410,000 after buying an additional 704,804 shares during the period. Capital International Investors increased its position in Taiwan Semiconductor Manufacturing by 40.2% during the 1st quarter. Capital International Investors now owns 19,695,714 shares of the semiconductor company’s stock valued at $2,679,602,000 after purchasing an additional 5,643,949 shares during the period. Van ECK Associates Corp raised its holdings in shares of Taiwan Semiconductor Manufacturing by 0.7% in the 3rd quarter. Van ECK Associates Corp now owns 18,289,993 shares of the semiconductor company’s stock valued at $3,176,423,000 after purchasing an additional 122,828 shares in the last quarter. WCM Investment Management LLC lifted its position in shares of Taiwan Semiconductor Manufacturing by 14.1% in the 3rd quarter. WCM Investment Management LLC now owns 9,738,181 shares of the semiconductor company’s stock worth $1,733,104,000 after purchasing an additional 1,206,359 shares during the period. Finally, GQG Partners LLC boosted its stake in shares of Taiwan Semiconductor Manufacturing by 25.1% during the first quarter. GQG Partners LLC now owns 8,538,277 shares of the semiconductor company’s stock valued at $1,161,633,000 after purchasing an additional 1,710,673 shares in the last quarter. Hedge funds and other institutional investors own 16.51% of the company’s stock.

Taiwan Semiconductor Manufacturing Stock Performance

Shares of NYSE TSM traded down $2.09 during mid-day trading on Friday, hitting $186.41. The stock had a trading volume of 2,802,507 shares, compared to its average volume of 15,399,312. The company has a 50 day moving average of $185.20 and a two-hundred day moving average of $171.59. Taiwan Semiconductor Manufacturing Company Limited has a twelve month low of $95.25 and a twelve month high of $212.60. The company has a debt-to-equity ratio of 0.23, a quick ratio of 2.30 and a current ratio of 2.57. The firm has a market cap of $966.80 billion, a PE ratio of 30.13, a PEG ratio of 0.89 and a beta of 1.12.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last released its earnings results on Thursday, October 17th. The semiconductor company reported $1.94 EPS for the quarter, topping analysts’ consensus estimates of $1.74 by $0.20. Taiwan Semiconductor Manufacturing had a return on equity of 27.30% and a net margin of 39.10%. The firm had revenue of $23.50 billion during the quarter, compared to the consensus estimate of $22.72 billion. Research analysts predict that Taiwan Semiconductor Manufacturing Company Limited will post 6.73 EPS for the current fiscal year.

Taiwan Semiconductor Manufacturing Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 10th. Investors of record on Tuesday, March 18th will be issued a dividend of $0.5484 per share. This represents a $2.19 annualized dividend and a dividend yield of 1.18%. The ex-dividend date is Tuesday, March 18th. This is a boost from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. Taiwan Semiconductor Manufacturing’s dividend payout ratio (DPR) is 31.57%.

Wall Street Analysts Forecast Growth

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