Deepwater Asset Management LLC Takes Position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Deepwater Asset Management LLC purchased a new stake in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) in the 4th quarter, Holdings Channel.com reports. The firm purchased 12,175 shares of the semiconductor company’s stock, valued at approximately $1,266,000. Taiwan Semiconductor Manufacturing makes up 0.5% of Deepwater Asset Management LLC’s holdings, making the stock its 24th largest position.

Several other hedge funds and other institutional investors have also modified their holdings of TSM. Baystate Wealth Management LLC lifted its position in Taiwan Semiconductor Manufacturing by 1,333.3% in the 2nd quarter. Baystate Wealth Management LLC now owns 258 shares of the semiconductor company’s stock valued at $26,000 after purchasing an additional 240 shares during the last quarter. Carolinas Wealth Consulting LLC lifted its position in Taiwan Semiconductor Manufacturing by 334.8% in the 2nd quarter. Carolinas Wealth Consulting LLC now owns 287 shares of the semiconductor company’s stock valued at $29,000 after purchasing an additional 221 shares during the last quarter. PCA Investment Advisory Services Inc. bought a new stake in Taiwan Semiconductor Manufacturing in the 2nd quarter valued at about $29,000. Creative Financial Designs Inc. ADV lifted its position in Taiwan Semiconductor Manufacturing by 108.7% in the 4th quarter. Creative Financial Designs Inc. ADV now owns 311 shares of the semiconductor company’s stock valued at $32,000 after purchasing an additional 162 shares during the last quarter. Finally, Financial Gravity Asset Management Inc. lifted its position in Taiwan Semiconductor Manufacturing by 208.9% in the 3rd quarter. Financial Gravity Asset Management Inc. now owns 312 shares of the semiconductor company’s stock valued at $27,000 after purchasing an additional 211 shares during the last quarter. 16.51% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on TSM. Susquehanna lifted their price objective on shares of Taiwan Semiconductor Manufacturing from $130.00 to $160.00 and gave the company a “positive” rating in a research report on Tuesday, February 13th. StockNews.com upgraded shares of Taiwan Semiconductor Manufacturing from a “hold” rating to a “buy” rating in a research report on Friday, December 8th. TD Cowen boosted their price target on shares of Taiwan Semiconductor Manufacturing from $85.00 to $95.00 and gave the stock a “market perform” rating in a research report on Friday, January 12th. Needham & Company LLC boosted their price target on shares of Taiwan Semiconductor Manufacturing from $115.00 to $133.00 and gave the stock a “buy” rating in a research report on Friday, January 19th. Finally, Barclays boosted their price target on shares of Taiwan Semiconductor Manufacturing from $110.00 to $125.00 and gave the stock an “overweight” rating in a research report on Friday, January 19th. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, Taiwan Semiconductor Manufacturing presently has a consensus rating of “Moderate Buy” and a consensus price target of $128.25.

Taiwan Semiconductor Manufacturing Price Performance

Shares of NYSE TSM traded down $1.45 during midday trading on Tuesday, reaching $138.78. The company’s stock had a trading volume of 10,770,303 shares, compared to its average volume of 15,818,899. The company has a current ratio of 2.40, a quick ratio of 2.13 and a debt-to-equity ratio of 0.26. The company has a 50 day moving average price of $127.68 and a 200 day moving average price of $106.43. Taiwan Semiconductor Manufacturing Company Limited has a one year low of $81.21 and a one year high of $158.40. The company has a market cap of $719.77 billion, a price-to-earnings ratio of 26.79, a price-to-earnings-growth ratio of 1.07 and a beta of 1.15.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last released its earnings results on Thursday, January 18th. The semiconductor company reported $1.44 EPS for the quarter, topping analysts’ consensus estimates of $1.37 by $0.07. The business had revenue of $19.62 billion for the quarter, compared to the consensus estimate of $18.99 billion. Taiwan Semiconductor Manufacturing had a net margin of 38.80% and a return on equity of 25.24%. On average, equities research analysts expect that Taiwan Semiconductor Manufacturing Company Limited will post 6.19 EPS for the current year.

Taiwan Semiconductor Manufacturing Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 11th. Stockholders of record on Thursday, June 13th will be given a $0.4408 dividend. This represents a $1.76 annualized dividend and a dividend yield of 1.27%. The ex-dividend date is Thursday, June 13th. Taiwan Semiconductor Manufacturing’s dividend payout ratio (DPR) is currently 33.78%.

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 complementary metal oxide silicon wafer fabrication processes to manufacture logic, mixed-signal, radio frequency, and embedded memory semiconductors.