Groupama Asset Managment Takes Position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Groupama Asset Managment purchased a new stake in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 159,560 shares of the semiconductor company’s stock, valued at approximately $27,711,000.

A number of other hedge funds also recently made changes to their positions in the business. Nomura Asset Management Co. Ltd. raised its holdings in shares of Taiwan Semiconductor Manufacturing by 22.3% during the third quarter. Nomura Asset Management Co. Ltd. now owns 378,820 shares of the semiconductor company’s stock valued at $65,790,000 after buying an additional 69,019 shares during the last quarter. Y Intercept Hong Kong Ltd bought a new stake in shares of Taiwan Semiconductor Manufacturing during the third quarter valued at approximately $4,446,000. MML Investors Services LLC raised its holdings in shares of Taiwan Semiconductor Manufacturing by 13.1% during the third quarter. MML Investors Services LLC now owns 407,163 shares of the semiconductor company’s stock valued at $70,712,000 after buying an additional 47,003 shares during the last quarter. Hodges Capital Management Inc. raised its holdings in shares of Taiwan Semiconductor Manufacturing by 87.0% during the third quarter. Hodges Capital Management Inc. now owns 99,430 shares of the semiconductor company’s stock valued at $17,268,000 after buying an additional 46,262 shares during the last quarter. Finally, K2 Principal Fund L.P. increased its stake in shares of Taiwan Semiconductor Manufacturing by 228.5% during the third quarter. K2 Principal Fund L.P. now owns 10,000 shares of the semiconductor company’s stock valued at $1,737,000 after acquiring an additional 6,956 shares during the period. Institutional investors own 16.51% of the company’s stock.

Taiwan Semiconductor Manufacturing Trading Down 0.6 %

Taiwan Semiconductor Manufacturing stock opened at $203.02 on Monday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 2.30 and a current ratio of 2.57. The firm has a market cap of $1.05 trillion, a price-to-earnings ratio of 32.54, a price-to-earnings-growth ratio of 0.94 and a beta of 1.09. Taiwan Semiconductor Manufacturing Company Limited has a 1 year low of $97.89 and a 1 year high of $212.60. The firm’s 50 day moving average price is $191.11 and its two-hundred day moving average price is $176.97.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last posted its quarterly earnings results on Thursday, October 17th. The semiconductor company reported $1.94 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.74 by $0.20. The firm had revenue of $23.50 billion for the quarter, compared to analyst estimates of $22.72 billion. Taiwan Semiconductor Manufacturing had a net margin of 39.10% and a return on equity of 27.44%. On average, research analysts predict that Taiwan Semiconductor Manufacturing Company Limited will post 6.95 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, April 10th. Shareholders of record on Tuesday, March 18th will be given a dividend of $0.5484 per share. This represents a $2.19 annualized dividend and a yield of 1.08%. This is a boost from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. The ex-dividend date is Tuesday, March 18th. Taiwan Semiconductor Manufacturing’s payout ratio is presently 31.57%.

Analyst Ratings Changes

A number of research analysts recently commented on TSM shares. Barclays raised their price objective on shares of Taiwan Semiconductor Manufacturing from $215.00 to $240.00 and gave the company an “overweight” rating in a research note on Monday, November 18th. StockNews.com lowered shares of Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a research note on Sunday, November 17th. Needham & Company LLC reiterated a “buy” rating and set a $210.00 price objective on shares of Taiwan Semiconductor Manufacturing in a research note on Thursday, October 17th. Finally, Susquehanna reiterated a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a research note on Friday, October 18th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, Taiwan Semiconductor Manufacturing presently has a consensus rating of “Moderate Buy” and a consensus target price of $214.00.

Taiwan Semiconductor Manufacturing Company 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.