Cavalier Investments LLC Invests $459,000 in Taiwan Semiconductor Mfg. Co. Ltd. (NYSE:TSM)

Cavalier Investments LLC purchased a new stake in shares of Taiwan Semiconductor Mfg. Co. Ltd. (NYSE:TSM) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 7,900 shares of the semiconductor company’s stock, valued at approximately $459,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in TSM. Jericho Capital Asset Management L.P. bought a new stake in shares of Taiwan Semiconductor Mfg. during the third quarter valued at approximately $185,176,000. Sanders Capital LLC raised its stake in Taiwan Semiconductor Mfg. by 8.0% during the fourth quarter. Sanders Capital LLC now owns 38,690,516 shares of the semiconductor company’s stock valued at $2,509,835,000 after buying an additional 2,882,519 shares during the last quarter. WCM Investment Management LLC raised its stake in shares of Taiwan Semiconductor Mfg. by 6.0% in the third quarter. WCM Investment Management LLC now owns 27,285,756 shares of the semiconductor company’s stock worth $1,268,241,000 after purchasing an additional 1,547,855 shares during the last quarter. Fiera Capital Corp raised its stake in shares of Taiwan Semiconductor Mfg. by 7.6% in the fourth quarter. Fiera Capital Corp now owns 15,404,751 shares of the semiconductor company’s stock worth $895,016,000 after purchasing an additional 1,081,491 shares during the last quarter. Finally, Comgest Global Investors S.A.S. raised its stake in shares of Taiwan Semiconductor Mfg. by 51.1% in the third quarter. Comgest Global Investors S.A.S. now owns 2,941,194 shares of the semiconductor company’s stock worth $136,707,000 after purchasing an additional 994,900 shares during the last quarter. Institutional investors own 19.22% of the company’s stock.

NYSE TSM opened at $59.33 on Friday. The firm has a market cap of $295.71 billion, a price-to-earnings ratio of 27.72, a price-to-earnings-growth ratio of 1.71 and a beta of 1.04. The company has a quick ratio of 1.52, a current ratio of 1.72 and a debt-to-equity ratio of 0.03. The business has a 50-day moving average price of $57.77 and a 200-day moving average price of $50.75. Taiwan Semiconductor Mfg. Co. Ltd. has a twelve month low of $37.18 and a twelve month high of $60.64.

Taiwan Semiconductor Mfg. (NYSE:TSM) last released its quarterly earnings data on Thursday, January 16th. The semiconductor company reported $0.73 earnings per share for the quarter, topping analysts’ consensus estimates of $0.72 by $0.01. The firm had revenue of $317.24 billion during the quarter, compared to analyst estimates of $303.20 billion. Taiwan Semiconductor Mfg. had a return on equity of 21.27% and a net margin of 32.28%. The business’s quarterly revenue was up 9.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $3.86 earnings per share. Research analysts expect that Taiwan Semiconductor Mfg. Co. Ltd. will post 2.76 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 16th. Investors of record on Friday, June 19th will be given a $0.4171 dividend. This is an increase from Taiwan Semiconductor Mfg.’s previous quarterly dividend of $0.32. This represents a $1.67 dividend on an annualized basis and a dividend yield of 2.81%. The ex-dividend date of this dividend is Thursday, June 18th. Taiwan Semiconductor Mfg.’s payout ratio is currently 61.40%.

Several research analysts have recently weighed in on the company. China Renaissance Securities upgraded Taiwan Semiconductor Mfg. from a “hold” rating to a “buy” rating in a research note on Tuesday, December 17th. Zacks Investment Research raised Taiwan Semiconductor Mfg. from a “hold” rating to a “buy” rating and set a $65.00 price objective for the company in a report on Friday, January 10th. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. Taiwan Semiconductor Mfg. presently has a consensus rating of “Buy” and an average price target of $60.00.

Taiwan Semiconductor Mfg. Company Profile

Taiwan Semiconductor Manufacturing Company Limited, together with its subsidiaries, engages in manufacturing, selling, packaging, testing, and computer-aided design of integrated circuits and other semiconductor devices. The company manufactures masks and electronic spare parts; researches, develops, designs, manufactures, sells, packages, and tests color filters; and offers customer and engineering support services.

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Institutional Ownership by Quarter for Taiwan Semiconductor Mfg. (NYSE:TSM)

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