Fairbanks Capital Management Inc. Boosts Stake in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Fairbanks Capital Management Inc. boosted its holdings in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 2.4% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 20,181 shares of the semiconductor company’s stock after buying an additional 476 shares during the period. Taiwan Semiconductor Manufacturing accounts for approximately 2.3% of Fairbanks Capital Management Inc.’s holdings, making the stock its 17th biggest position. Fairbanks Capital Management Inc.’s holdings in Taiwan Semiconductor Manufacturing were worth $3,508,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. NRI Wealth Management LC bought a new position in shares of Taiwan Semiconductor Manufacturing in the 2nd quarter valued at about $1,320,000. Werba Rubin Papier Wealth Management bought a new stake in Taiwan Semiconductor Manufacturing in the second quarter worth about $265,000. Varma Mutual Pension Insurance Co lifted its stake in Taiwan Semiconductor Manufacturing by 146.7% in the second quarter. Varma Mutual Pension Insurance Co now owns 656,400 shares of the semiconductor company’s stock worth $114,089,000 after purchasing an additional 390,300 shares during the last quarter. Ausdal Financial Partners Inc. lifted its stake in Taiwan Semiconductor Manufacturing by 9.3% in the second quarter. Ausdal Financial Partners Inc. now owns 1,722 shares of the semiconductor company’s stock worth $299,000 after purchasing an additional 146 shares during the last quarter. Finally, Triasima Portfolio Management inc. lifted its stake in Taiwan Semiconductor Manufacturing by 2.2% in the second quarter. Triasima Portfolio Management inc. now owns 4,004 shares of the semiconductor company’s stock worth $696,000 after purchasing an additional 85 shares during the last quarter. Hedge funds and other institutional investors own 16.51% of the company’s stock.

Taiwan Semiconductor Manufacturing Stock Performance

Shares of TSM stock opened at $156.82 on Monday. The firm has a market cap of $813.33 billion, a price-to-earnings ratio of 29.87, a PEG ratio of 0.92 and a beta of 1.14. The company’s 50 day moving average is $169.79 and its 200 day moving average is $155.50. The company has a quick ratio of 2.21, a current ratio of 2.47 and a debt-to-equity ratio of 0.26. Taiwan Semiconductor Manufacturing Company Limited has a 52-week low of $84.01 and a 52-week high of $193.47.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last issued its quarterly earnings data on Thursday, July 18th. The semiconductor company reported $1.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.37 by $0.11. The company had revenue of $20.82 billion for the quarter, compared to analyst estimates of $20.33 billion. Taiwan Semiconductor Manufacturing had a net margin of 37.85% and a return on equity of 25.54%. Taiwan Semiconductor Manufacturing’s revenue was up 34.6% compared to the same quarter last year. During the same period last year, the company posted $1.14 earnings per share. On average, sell-side analysts anticipate that Taiwan Semiconductor Manufacturing Company Limited will post 6.45 EPS for the current fiscal year.

Taiwan Semiconductor Manufacturing Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 9th. Investors of record on Thursday, December 12th will be issued a dividend of $0.4871 per share. This represents a $1.95 annualized dividend and a yield of 1.24%. This is a positive change 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 (DPR) is presently 32.57%.

Wall Street Analysts Forecast Growth

TSM has been the topic of a number of research reports. Susquehanna reaffirmed a “positive” rating and set a $250.00 target price on shares of Taiwan Semiconductor Manufacturing in a research report on Wednesday, August 14th. Needham & Company LLC raised 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. Sanford C. Bernstein raised their target price on shares of Taiwan Semiconductor Manufacturing from $150.00 to $200.00 and gave the stock an “outperform” rating in a research report on Thursday, June 20th. Barclays raised their target price on shares of Taiwan Semiconductor Manufacturing from $150.00 to $170.00 and gave the stock an “overweight” rating in a research report on Wednesday, June 5th. Finally, TD Cowen raised their target price on shares of 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 given a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $200.00.

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.