Point72 Asia Singapore Pte. Ltd. Purchases 47,618 Shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Point72 Asia Singapore Pte. Ltd. boosted its position in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 62.5% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 123,807 shares of the semiconductor company’s stock after purchasing an additional 47,618 shares during the quarter. Taiwan Semiconductor Manufacturing accounts for about 4.0% of Point72 Asia Singapore Pte. Ltd.’s investment portfolio, making the stock its 4th biggest holding. Point72 Asia Singapore Pte. Ltd.’s holdings in Taiwan Semiconductor Manufacturing were worth $21,502,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the company. Atlantic Edge Private Wealth Management LLC bought a new stake in shares of Taiwan Semiconductor Manufacturing in the 2nd quarter valued at $25,000. Reston Wealth Management LLC bought a new stake in shares of Taiwan Semiconductor Manufacturing in the third quarter worth about $25,000. Olistico Wealth LLC acquired a new stake in shares of Taiwan Semiconductor Manufacturing during the second quarter worth about $27,000. Valley Wealth Managers Inc. bought a new position in shares of Taiwan Semiconductor Manufacturing during the 2nd quarter valued at about $27,000. Finally, NewSquare Capital LLC acquired a new position in shares of Taiwan Semiconductor Manufacturing in the 2nd quarter valued at approximately $29,000. Institutional investors own 16.51% of the company’s stock.

Taiwan Semiconductor Manufacturing Stock Up 1.9 %

Taiwan Semiconductor Manufacturing stock opened at $184.66 on Friday. The company has a current ratio of 2.57, a quick ratio of 2.30 and a debt-to-equity ratio of 0.24. Taiwan Semiconductor Manufacturing Company Limited has a 1-year low of $95.25 and a 1-year high of $212.60. The company has a fifty day simple moving average of $189.16 and a 200 day simple moving average of $175.18. The company has a market cap of $957.72 billion, a P/E ratio of 29.59, a price-to-earnings-growth ratio of 0.85 and a beta of 1.12.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last announced its quarterly earnings data on Thursday, October 17th. The semiconductor company reported $1.94 earnings per share for the quarter, beating the consensus estimate of $1.74 by $0.20. The company had revenue of $23.50 billion during the quarter, compared to analysts’ expectations of $22.72 billion. Taiwan Semiconductor Manufacturing had a return on equity of 27.44% and a net margin of 39.10%. Research analysts anticipate that Taiwan Semiconductor Manufacturing Company Limited will post 6.95 earnings per share for the current fiscal year.

Taiwan Semiconductor Manufacturing Increases Dividend

The business also recently disclosed 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. The ex-dividend date is Tuesday, March 18th. This represents a $2.19 dividend on an annualized basis and a dividend yield of 1.19%. This is a boost from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. Taiwan Semiconductor Manufacturing’s dividend payout ratio is currently 31.57%.

Analysts Set New Price Targets

Several analysts have commented on TSM shares. Needham & Company LLC restated a “buy” rating and set a $210.00 target price on shares of Taiwan Semiconductor Manufacturing in a report on Thursday, October 17th. StockNews.com cut shares of Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a research report on Sunday, November 17th. Susquehanna reaffirmed a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a research note on Friday, October 18th. Finally, Barclays lifted their price target on Taiwan Semiconductor Manufacturing from $215.00 to $240.00 and gave the company an “overweight” rating in a research note on Monday, November 18th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, Taiwan Semiconductor Manufacturing presently has an average rating of “Moderate Buy” and a consensus target price of $214.00.

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.