Blue Square Asset Management LLC Has $1.86 Million Stock Position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Blue Square Asset Management LLC grew its holdings in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 34.6% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 13,702 shares of the semiconductor company’s stock after buying an additional 3,524 shares during the quarter. Taiwan Semiconductor Manufacturing accounts for about 1.2% of Blue Square Asset Management LLC’s holdings, making the stock its 27th biggest position. Blue Square Asset Management LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $1,864,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in TSM. Financial Gravity Asset Management Inc. grew its holdings in shares of Taiwan Semiconductor Manufacturing by 208.9% during the third quarter. Financial Gravity Asset Management Inc. now owns 312 shares of the semiconductor company’s stock valued at $27,000 after buying an additional 211 shares during the last quarter. OLD National Bancorp IN boosted its holdings in Taiwan Semiconductor Manufacturing by 1.9% during the third quarter. OLD National Bancorp IN now owns 107,427 shares of the semiconductor company’s stock worth $9,335,000 after purchasing an additional 2,021 shares during the last quarter. Graham Capital Management L.P. purchased a new position in Taiwan Semiconductor Manufacturing during the third quarter worth about $2,277,000. Trust Co. of Vermont boosted its holdings in Taiwan Semiconductor Manufacturing by 12,654.9% during the third quarter. Trust Co. of Vermont now owns 18,112 shares of the semiconductor company’s stock worth $1,574,000 after purchasing an additional 17,970 shares during the last quarter. Finally, Modera Wealth Management LLC boosted its holdings in Taiwan Semiconductor Manufacturing by 0.9% during the third quarter. Modera Wealth Management LLC now owns 277,565 shares of the semiconductor company’s stock worth $24,120,000 after purchasing an additional 2,479 shares during the last quarter. 16.51% of the stock is currently owned by institutional investors and hedge funds.

Taiwan Semiconductor Manufacturing Trading Down 3.4 %

Shares of Taiwan Semiconductor Manufacturing stock traded down $6.58 during trading on Thursday, reaching $184.47. The company’s stock had a trading volume of 21,505,256 shares, compared to its average volume of 15,163,414. The company has a market cap of $956.74 billion, a price-to-earnings ratio of 35.14, a PEG ratio of 1.28 and a beta of 1.14. The company has a quick ratio of 2.13, a current ratio of 2.39 and a debt-to-equity ratio of 0.27. The firm’s 50-day moving average is $163.30 and its two-hundred day moving average is $139.30. Taiwan Semiconductor Manufacturing Company Limited has a 52-week low of $84.01 and a 52-week high of $193.47.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last announced its quarterly earnings results on Thursday, April 18th. The semiconductor company reported $1.38 earnings per share for the quarter, beating the consensus estimate of $1.29 by $0.09. The business had revenue of $18.87 billion during the quarter, compared to analysts’ expectations of $18.38 billion. Taiwan Semiconductor Manufacturing had a net margin of 38.15% and a return on equity of 24.75%. On average, sell-side analysts anticipate that Taiwan Semiconductor Manufacturing Company Limited will post 6.13 earnings per share for the current year.

Taiwan Semiconductor Manufacturing Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 9th. Shareholders of record on Thursday, September 12th will be issued a $0.4865 dividend. The ex-dividend date of this dividend is Thursday, September 12th. This is a positive change from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.44. This represents a $1.95 annualized dividend and a yield of 1.05%. Taiwan Semiconductor Manufacturing’s dividend payout ratio is 32.57%.

Wall Street Analysts Forecast Growth

TSM has been the topic of several research reports. Susquehanna lifted their price objective on shares of Taiwan Semiconductor Manufacturing from $200.00 to $250.00 and gave the stock a “positive” rating in a research report on Thursday. Barclays boosted their price target on shares of Taiwan Semiconductor Manufacturing from $150.00 to $170.00 and gave the company an “overweight” rating in a research report on Wednesday, June 5th. Sanford C. Bernstein upped their target price on shares of Taiwan Semiconductor Manufacturing from $150.00 to $200.00 and gave the stock an “outperform” rating in a report on Thursday, June 20th. Needham & Company LLC reaffirmed a “buy” rating and set a $168.00 target price on shares of Taiwan Semiconductor Manufacturing in a report on Wednesday, May 22nd. Finally, TD Cowen upped their target price on shares of Taiwan Semiconductor Manufacturing from $100.00 to $130.00 and gave the stock a “hold” rating in a report on Thursday, April 18th. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $183.60.

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.