GSA Capital Partners LLP Has $1.49 Million Position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

GSA Capital Partners LLP increased its holdings in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 371.0% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 8,582 shares of the semiconductor company’s stock after purchasing an additional 6,760 shares during the period. GSA Capital Partners LLP’s holdings in Taiwan Semiconductor Manufacturing were worth $1,490,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Waverton Investment Management Ltd lifted its holdings in shares of Taiwan Semiconductor Manufacturing by 6.5% during the third quarter. Waverton Investment Management Ltd now owns 789,549 shares of the semiconductor company’s stock worth $137,129,000 after buying an additional 48,221 shares during the last quarter. Harbour Investments Inc. increased its position in Taiwan Semiconductor Manufacturing by 8.8% during the third quarter. Harbour Investments Inc. now owns 9,394 shares of the semiconductor company’s stock worth $1,631,000 after acquiring an additional 761 shares during the period. Apollon Wealth Management LLC raised its stake in Taiwan Semiconductor Manufacturing by 12.2% during the 3rd quarter. Apollon Wealth Management LLC now owns 14,010 shares of the semiconductor company’s stock valued at $2,433,000 after purchasing an additional 1,524 shares during the last quarter. Keystone Financial Services grew its position in Taiwan Semiconductor Manufacturing by 11.6% in the 3rd quarter. Keystone Financial Services now owns 1,403 shares of the semiconductor company’s stock worth $244,000 after purchasing an additional 146 shares during the last quarter. Finally, WCM Investment Management LLC increased its holdings in shares of Taiwan Semiconductor Manufacturing by 14.1% during the 3rd quarter. WCM Investment Management LLC now owns 9,738,181 shares of the semiconductor company’s stock worth $1,733,104,000 after purchasing an additional 1,206,359 shares during the period. Institutional investors own 16.51% of the company’s stock.

Taiwan Semiconductor Manufacturing Stock Performance

Taiwan Semiconductor Manufacturing stock opened at $186.72 on Thursday. Taiwan Semiconductor Manufacturing Company Limited has a 52-week low of $95.25 and a 52-week high of $212.60. The company has a debt-to-equity ratio of 0.23, a current ratio of 2.57 and a quick ratio of 2.30. The stock has a fifty day moving average price of $184.19 and a two-hundred day moving average price of $171.37. The firm has a market capitalization of $968.41 billion, a P/E ratio of 29.92, a P/E/G ratio of 0.91 and a beta of 1.12.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last announced its quarterly earnings results on Thursday, October 17th. The semiconductor company reported $1.94 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.74 by $0.20. The firm had revenue of $23.50 billion during the quarter, compared to the consensus estimate of $22.72 billion. Taiwan Semiconductor Manufacturing had a net margin of 39.10% and a return on equity of 27.30%. As a group, analysts anticipate that Taiwan Semiconductor Manufacturing Company Limited will post 6.73 EPS for the current fiscal year.

Taiwan Semiconductor Manufacturing Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 10th. Investors of record on Tuesday, March 18th will be given a dividend of $0.5484 per share. The ex-dividend date is Tuesday, March 18th. This is a positive change from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. This represents a $2.19 dividend on an annualized basis and a yield of 1.17%. Taiwan Semiconductor Manufacturing’s dividend payout ratio is 31.09%.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the stock. Needham & Company LLC reiterated a “buy” rating and issued a $210.00 target price on shares of Taiwan Semiconductor Manufacturing in a research note on Thursday, October 17th. StockNews.com raised Taiwan Semiconductor Manufacturing from a “hold” rating to a “buy” rating in a report on Saturday, November 9th. TD Cowen raised their target price on Taiwan Semiconductor Manufacturing from $130.00 to $170.00 and gave the stock a “hold” rating in a research report on Thursday, July 18th. Susquehanna reiterated a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a research note on Friday, October 18th. Finally, Barclays increased their price objective on shares of Taiwan Semiconductor Manufacturing from $200.00 to $215.00 and gave the company an “overweight” rating in a research note on Wednesday, October 23rd. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, Taiwan Semiconductor Manufacturing currently has a consensus rating of “Moderate Buy” and a consensus price target of $209.00.

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.