Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) is WCM Investment Management LLC’s 5th Largest Position

WCM Investment Management LLC lifted its stake in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 14.1% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 9,738,181 shares of the semiconductor company’s stock after buying an additional 1,206,359 shares during the period. Taiwan Semiconductor Manufacturing makes up approximately 3.9% of WCM Investment Management LLC’s portfolio, making the stock its 5th biggest holding. WCM Investment Management LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $1,733,104,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently modified their holdings of the company. FDx Advisors Inc. increased its stake in shares of Taiwan Semiconductor Manufacturing by 10.2% during the third quarter. FDx Advisors Inc. now owns 8,756 shares of the semiconductor company’s stock valued at $1,521,000 after buying an additional 814 shares during the period. Coalescence Partners Investment Management LP increased its position in Taiwan Semiconductor Manufacturing by 16.9% during the 3rd quarter. Coalescence Partners Investment Management LP now owns 32,386 shares of the semiconductor company’s stock valued at $5,624,000 after purchasing an additional 4,683 shares during the period. Opinicus Capital Inc. increased its position in Taiwan Semiconductor Manufacturing by 2.0% during the 3rd quarter. Opinicus Capital Inc. now owns 16,235 shares of the semiconductor company’s stock valued at $2,819,000 after purchasing an additional 318 shares during the period. Nations Financial Group Inc. IA ADV lifted its position in shares of Taiwan Semiconductor Manufacturing by 3.5% in the 3rd quarter. Nations Financial Group Inc. IA ADV now owns 8,888 shares of the semiconductor company’s stock worth $1,544,000 after purchasing an additional 299 shares during the period. Finally, Jupiter Wealth Management LLC boosted its stake in shares of Taiwan Semiconductor Manufacturing by 9.8% during the 3rd quarter. Jupiter Wealth Management LLC now owns 15,085 shares of the semiconductor company’s stock valued at $2,620,000 after purchasing an additional 1,350 shares in the last quarter. Institutional investors own 16.51% of the company’s stock.

Taiwan Semiconductor Manufacturing Stock Performance

Shares of Taiwan Semiconductor Manufacturing stock traded down $6.78 during trading hours on Monday, reaching $194.42. 7,208,228 shares of the stock traded hands, compared to its average volume of 15,455,449. The company has a 50 day moving average price of $183.11 and a 200 day moving average price of $170.59. Taiwan Semiconductor Manufacturing Company Limited has a one year low of $95.25 and a one year high of $212.60. The company has a quick ratio of 2.30, a current ratio of 2.57 and a debt-to-equity ratio of 0.23. The firm has a market capitalization of $1.01 trillion, a price-to-earnings ratio of 31.16, a P/E/G ratio of 0.97 and a beta of 1.12.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last released 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. Taiwan Semiconductor Manufacturing had a return on equity of 27.30% and a net margin of 39.10%. The business had revenue of $23.50 billion during the quarter, compared to analyst estimates of $22.72 billion. On average, equities research analysts expect that Taiwan Semiconductor Manufacturing Company Limited will post 6.73 earnings per share for the current fiscal year.

Taiwan Semiconductor Manufacturing Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 9th. Stockholders of record on Thursday, December 12th will be given a dividend of $0.4871 per share. This represents a $1.95 annualized dividend and a dividend yield of 1.00%. This is an increase from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. The ex-dividend date of this dividend is Thursday, December 12th. Taiwan Semiconductor Manufacturing’s dividend payout ratio (DPR) is presently 31.57%.

Analysts Set New Price Targets

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

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.