Loomis Sayles & Co. L P Has $213.96 Million Stock Position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

by · The Markets Daily

Loomis Sayles & Co. L P raised its position in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM – Free Report) by 0.9% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,231,973 shares of the semiconductor company’s stock after buying an additional 10,966 shares during the quarter. Loomis Sayles & Co. L P’s holdings in Taiwan Semiconductor Manufacturing were worth $213,957,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Atlantic Edge Private Wealth Management LLC purchased a new stake in shares of Taiwan Semiconductor Manufacturing in the second quarter valued at $25,000. Reston Wealth Management LLC acquired a new stake in Taiwan Semiconductor Manufacturing during the third quarter valued at $25,000. Olistico Wealth LLC acquired a new position in Taiwan Semiconductor Manufacturing in the 2nd quarter worth about $27,000. Valley Wealth Managers Inc. purchased a new stake in shares of Taiwan Semiconductor Manufacturing during the 2nd quarter worth about $27,000. Finally, NewSquare Capital LLC bought a new stake in shares of Taiwan Semiconductor Manufacturing in the 2nd quarter valued at approximately $29,000. 16.51% of the stock is owned by hedge funds and other institutional investors.

Taiwan Semiconductor Manufacturing Price Performance

Shares of Taiwan Semiconductor Manufacturing stock opened at $190.08 on Monday. The firm has a market cap of $985.83 billion, a P/E ratio of 30.46, a price-to-earnings-growth ratio of 0.88 and a beta of 1.12. The company has a debt-to-equity ratio of 0.24, a quick ratio of 2.30 and a current ratio of 2.57. Taiwan Semiconductor Manufacturing Company Limited has a twelve month low of $95.25 and a twelve month high of $212.60. The firm’s 50-day simple moving average is $187.92 and its 200-day simple moving average is $174.12.

Taiwan Semiconductor Manufacturing (NYSE:TSM – Get Free Report) last issued its earnings results on Thursday, October 17th. The semiconductor company reported $1.94 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.74 by $0.20. Taiwan Semiconductor Manufacturing had a return on equity of 27.44% and a net margin of 39.10%. The business had revenue of $23.50 billion during the quarter, compared to analysts’ expectations of $22.72 billion. As a group, research analysts expect 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 declared a quarterly dividend, which will be paid on Thursday, April 10th. Investors of record on Tuesday, March 18th will be issued 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 yield of 1.15%. The ex-dividend date is Tuesday, March 18th. Taiwan Semiconductor Manufacturing’s dividend payout ratio (DPR) is currently 31.57%.

Analysts Set New Price Targets

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

Read Our Latest Stock Report on TSM

Taiwan Semiconductor Manufacturing Profile

(Free Report)

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.

Read More

Want to see what other hedge funds are holding TSM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM – Free Report).