Marsico Capital Management LLC Acquires 44,320 Shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Marsico Capital Management LLC grew its stake in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 5.3% during the second quarter, according to the company in its most recent disclosure with the SEC. The fund owned 874,307 shares of the semiconductor company’s stock after buying an additional 44,320 shares during the quarter. Taiwan Semiconductor Manufacturing makes up 4.5% of Marsico Capital Management LLC’s holdings, making the stock its 9th biggest holding. Marsico Capital Management LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $151,963,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of TSM. Van ECK Associates Corp grew its position in shares of Taiwan Semiconductor Manufacturing by 53.4% in the 1st quarter. Van ECK Associates Corp now owns 17,416,194 shares of the semiconductor company’s stock valued at $2,369,473,000 after buying an additional 6,060,511 shares during the last quarter. Capital International Investors increased its holdings in Taiwan Semiconductor Manufacturing by 40.2% during the 1st quarter. Capital International Investors now owns 19,695,714 shares of the semiconductor company’s stock worth $2,679,602,000 after purchasing an additional 5,643,949 shares in the last quarter. Capital World Investors grew its holdings in Taiwan Semiconductor Manufacturing by 11.4% during the fourth quarter. Capital World Investors now owns 41,356,279 shares of the semiconductor company’s stock worth $4,301,178,000 after buying an additional 4,240,928 shares in the last quarter. PineStone Asset Management Inc. grew its stake in shares of Taiwan Semiconductor Manufacturing by 116.3% in the 2nd quarter. PineStone Asset Management Inc. now owns 7,784,316 shares of the semiconductor company’s stock worth $1,352,992,000 after acquiring an additional 4,186,133 shares in the last quarter. Finally, Harding Loevner LP increased its stake in Taiwan Semiconductor Manufacturing by 20.9% in the 4th quarter. Harding Loevner LP now owns 11,616,715 shares of the semiconductor company’s stock valued at $1,222,768,000 after buying an additional 2,008,043 shares during the last quarter. Institutional investors and hedge funds own 16.51% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on TSM shares. Barclays raised their target price on Taiwan Semiconductor Manufacturing from $150.00 to $170.00 and gave the company an “overweight” rating in a research report on Wednesday, June 5th. Sanford C. Bernstein upped their price target on Taiwan Semiconductor Manufacturing from $150.00 to $200.00 and gave the company an “outperform” rating in a research report on Thursday, June 20th. Needham & Company LLC increased their price objective on Taiwan Semiconductor Manufacturing from $168.00 to $210.00 and gave the stock a “buy” rating in a research report on Monday, July 15th. Susquehanna reiterated a “positive” rating and set a $250.00 target price on shares of Taiwan Semiconductor Manufacturing in a research report on Wednesday, August 14th. Finally, TD Cowen upped their price objective on Taiwan Semiconductor Manufacturing from $130.00 to $170.00 and gave the stock a “hold” rating in a report on Thursday, July 18th. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, Taiwan Semiconductor Manufacturing currently has a consensus rating of “Moderate Buy” and an average price target of $200.00.

Taiwan Semiconductor Manufacturing Price Performance

TSM stock opened at $167.35 on Wednesday. Taiwan Semiconductor Manufacturing Company Limited has a 12-month low of $84.01 and a 12-month high of $193.47. The stock has a market capitalization of $867.95 billion, a price-to-earnings ratio of 31.88, a PEG ratio of 1.00 and a beta of 1.14. The company has a current ratio of 2.47, a quick ratio of 2.21 and a debt-to-equity ratio of 0.26. The firm’s 50-day moving average price is $167.94 and its two-hundred day moving average price is $157.39.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last posted its earnings results on Thursday, July 18th. The semiconductor company reported $1.48 earnings per share for the quarter, topping analysts’ consensus estimates of $1.37 by $0.11. Taiwan Semiconductor Manufacturing had a return on equity of 25.54% and a net margin of 37.85%. The firm had revenue of $20.82 billion for the quarter, compared to the consensus estimate of $20.33 billion. During the same quarter in the prior year, the business earned $1.14 EPS. The business’s revenue for the quarter was up 34.6% on a year-over-year basis. As a group, equities analysts predict that Taiwan Semiconductor Manufacturing Company Limited will post 6.45 earnings per share for the current 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 given a $0.4871 dividend. The ex-dividend date of this dividend is Thursday, December 12th. This is a boost from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. This represents a $1.95 annualized dividend and a yield of 1.16%. Taiwan Semiconductor Manufacturing’s dividend payout ratio is 36.95%.

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.