Comgest Global Investors S.A.S. Acquires 96,667 Shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Comgest Global Investors S.A.S. lifted its holdings in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 4.7% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,152,007 shares of the semiconductor company’s stock after purchasing an additional 96,667 shares during the quarter. Taiwan Semiconductor Manufacturing accounts for about 5.4% of Comgest Global Investors S.A.S.’s portfolio, making the stock its 5th biggest position. Comgest Global Investors S.A.S.’s holdings in Taiwan Semiconductor Manufacturing were worth $373,739,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Atlantic Edge Private Wealth Management LLC acquired a new stake in shares of Taiwan Semiconductor Manufacturing during the second quarter worth about $25,000. Reston Wealth Management LLC acquired a new stake in Taiwan Semiconductor Manufacturing in the 3rd quarter valued at approximately $25,000. Valley Wealth Managers Inc. acquired a new stake in Taiwan Semiconductor Manufacturing in the 2nd quarter valued at approximately $27,000. Olistico Wealth LLC acquired a new stake in Taiwan Semiconductor Manufacturing in the 2nd quarter valued at approximately $27,000. Finally, NewSquare Capital LLC acquired a new stake in Taiwan Semiconductor Manufacturing in the 2nd quarter valued at approximately $29,000. Institutional investors and hedge funds own 16.51% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on TSM. Barclays lifted 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 restated a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a research note on Friday, October 18th. StockNews.com upgraded Taiwan Semiconductor Manufacturing from a “hold” rating to a “buy” rating in a research note on Saturday, November 9th. Finally, Needham & Company LLC restated a “buy” rating and issued a $210.00 price target on shares of Taiwan Semiconductor Manufacturing in a research note on Thursday, October 17th. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, Taiwan Semiconductor Manufacturing has an average rating of “Moderate Buy” and an average target price of $209.00.

Taiwan Semiconductor Manufacturing Stock Performance

Shares of NYSE TSM traded down $2.49 during midday trading on Friday, hitting $186.01. 9,834,757 shares of the company’s stock were exchanged, compared to its average volume of 15,430,921. The company has a quick ratio of 2.30, a current ratio of 2.57 and a debt-to-equity ratio of 0.23. Taiwan Semiconductor Manufacturing Company Limited has a 12 month low of $95.25 and a 12 month high of $212.60. The company’s 50 day moving average price is $185.79 and its 200 day moving average price is $171.92. The firm has a market capitalization of $964.72 billion, a PE ratio of 29.81, a price-to-earnings-growth ratio of 0.89 and a beta of 1.12.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last issued its earnings results on Thursday, October 17th. The semiconductor company reported $1.94 EPS for the quarter, topping the consensus estimate 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 company had revenue of $23.50 billion during the quarter, compared to the consensus estimate of $22.72 billion. As a group, analysts predict that Taiwan Semiconductor Manufacturing Company Limited will post 6.73 earnings per share 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. Stockholders of record on Tuesday, March 18th will be paid a dividend of $0.5484 per share. This is an increase from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. This represents a $2.19 annualized dividend and a dividend yield of 1.18%. The ex-dividend date of this dividend is Tuesday, March 18th. Taiwan Semiconductor Manufacturing’s payout ratio is currently 31.57%.

About Taiwan Semiconductor Manufacturing

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.