Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) is Shikiar Asset Management Inc.’s 8th Largest Position

Shikiar Asset Management Inc. grew its stake in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 351.8% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 70,030 shares of the semiconductor company’s stock after acquiring an additional 54,530 shares during the period. Taiwan Semiconductor Manufacturing accounts for 3.3% of Shikiar Asset Management Inc.’s investment portfolio, making the stock its 8th biggest holding. Shikiar Asset Management Inc.’s holdings in Taiwan Semiconductor Manufacturing were worth $12,172,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. BOKF NA lifted its stake in shares of Taiwan Semiconductor Manufacturing by 4.8% in the 1st quarter. BOKF NA now owns 1,762 shares of the semiconductor company’s stock valued at $249,000 after purchasing an additional 81 shares during the last quarter. CapWealth Advisors LLC increased its holdings in shares of Taiwan Semiconductor Manufacturing by 21.1% during the 4th quarter. CapWealth Advisors LLC now owns 122,310 shares of the semiconductor company’s stock valued at $12,720,000 after acquiring an additional 21,329 shares during the last quarter. Dodge & Cox bought a new position in shares of Taiwan Semiconductor Manufacturing in the 4th quarter valued at approximately $6,396,000. Fisher Asset Management LLC lifted its holdings in Taiwan Semiconductor Manufacturing by 1.4% in the 4th quarter. Fisher Asset Management LLC now owns 31,079,682 shares of the semiconductor company’s stock worth $3,232,287,000 after purchasing an additional 442,289 shares during the last quarter. Finally, Aigen Investment Management LP bought a new stake in Taiwan Semiconductor Manufacturing during the fourth quarter worth approximately $553,000. 16.51% of the stock is currently owned by hedge funds and other institutional investors.

Taiwan Semiconductor Manufacturing Price Performance

NYSE:TSM traded down $2.36 during mid-day trading on Wednesday, hitting $169.98. The company’s stock had a trading volume of 11,496,983 shares, compared to its average volume of 16,223,228. The company has a current ratio of 2.39, a quick ratio of 2.13 and a debt-to-equity ratio of 0.27. The stock has a fifty day moving average of $170.71 and a 200-day moving average of $149.78. The company has a market capitalization of $881.59 billion, a price-to-earnings ratio of 32.27, a P/E/G ratio of 0.98 and a beta of 1.14. Taiwan Semiconductor Manufacturing Company Limited has a fifty-two week low of $84.01 and a fifty-two week high of $193.47.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last posted its earnings results on Thursday, July 18th. The semiconductor company reported $1.48 EPS for the quarter, topping the consensus estimate of $1.37 by $0.11. Taiwan Semiconductor Manufacturing had a return on equity of 25.89% and a net margin of 37.85%. The business had revenue of $20.82 billion during the quarter, compared to the consensus estimate of $20.33 billion. During the same quarter last year, the company earned $1.14 EPS. Taiwan Semiconductor Manufacturing’s revenue was up 34.6% on a year-over-year basis. As a group, equities analysts forecast that Taiwan Semiconductor Manufacturing Company Limited will post 6.44 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, January 9th. Shareholders of record on Thursday, December 12th will be paid a dividend of $0.4871 per share. This represents a $1.95 annualized dividend and a yield of 1.15%. This is a boost from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. The ex-dividend date is Thursday, December 12th. Taiwan Semiconductor Manufacturing’s dividend payout ratio is currently 32.57%.

Analyst Ratings Changes

TSM has been the subject of a number of research analyst reports. Needham & Company LLC boosted their target price on shares of Taiwan Semiconductor Manufacturing from $168.00 to $210.00 and gave the stock a “buy” rating in a research report on Monday, July 15th. Susquehanna restated a “positive” rating and issued a $250.00 price target on shares of Taiwan Semiconductor Manufacturing in a research report on Wednesday. Sanford C. Bernstein increased their target price on shares of Taiwan Semiconductor Manufacturing from $150.00 to $200.00 and gave the company an “outperform” rating in a research note on Thursday, June 20th. Barclays boosted their price target on Taiwan Semiconductor Manufacturing from $150.00 to $170.00 and gave the company an “overweight” rating in a research note on Wednesday, June 5th. Finally, TD Cowen raised their price objective 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. 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 data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $200.00.

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.