ARK Investment Management LLC Boosts Stock Position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

ARK Investment Management LLC increased its stake in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 24.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 249,821 shares of the semiconductor company’s stock after purchasing an additional 48,775 shares during the quarter. ARK Investment Management LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $25,981,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in TSM. Morgan Stanley increased its position in Taiwan Semiconductor Manufacturing by 27.7% during the 4th quarter. Morgan Stanley now owns 32,513,567 shares of the semiconductor company’s stock worth $2,421,936,000 after purchasing an additional 7,045,899 shares in the last quarter. Moneta Group Investment Advisors LLC grew its holdings in Taiwan Semiconductor Manufacturing by 108,945.8% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 5,471,916 shares of the semiconductor company’s stock valued at $407,603,000 after buying an additional 5,466,898 shares during the period. PineStone Asset Management Inc. grew its holdings in Taiwan Semiconductor Manufacturing by 330.5% in the 3rd quarter. PineStone Asset Management Inc. now owns 4,802,924 shares of the semiconductor company’s stock valued at $417,374,000 after buying an additional 3,687,249 shares during the period. Van ECK Associates Corp grew its holdings in Taiwan Semiconductor Manufacturing by 29.6% in the 3rd quarter. Van ECK Associates Corp now owns 14,795,582 shares of the semiconductor company’s stock valued at $1,285,736,000 after buying an additional 3,381,514 shares during the period. Finally, Third Point LLC purchased a new stake in Taiwan Semiconductor Manufacturing in the 2nd quarter valued at about $247,254,000. Hedge funds and other institutional investors own 16.51% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have commented on TSM. Needham & Company LLC lifted their price target on Taiwan Semiconductor Manufacturing from $115.00 to $133.00 and gave the company a “buy” rating in a report on Friday, January 19th. Susquehanna lifted their price target on Taiwan Semiconductor Manufacturing from $130.00 to $160.00 and gave the company a “positive” rating in a report on Tuesday, February 13th. Barclays lifted their price target on Taiwan Semiconductor Manufacturing from $110.00 to $125.00 and gave the company an “overweight” rating in a report on Friday, January 19th. TD Cowen lifted their price target on Taiwan Semiconductor Manufacturing from $85.00 to $95.00 and gave the company a “market perform” rating in a report on Friday, January 12th. Finally, StockNews.com raised Taiwan Semiconductor Manufacturing from a “hold” rating to a “buy” rating in a research note on Friday, December 8th. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $128.25.

Taiwan Semiconductor Manufacturing Stock Performance

NYSE TSM opened at $136.67 on Thursday. The firm has a market capitalization of $708.83 billion, a P/E ratio of 26.38, a P/E/G ratio of 1.06 and a beta of 1.15. Taiwan Semiconductor Manufacturing Company Limited has a 1-year low of $81.21 and a 1-year high of $158.40. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.40 and a quick ratio of 2.13. The business’s 50-day simple moving average is $128.42 and its 200-day simple moving average is $106.78.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last released its quarterly earnings data on Thursday, January 18th. The semiconductor company reported $1.44 earnings per share for the quarter, beating the consensus estimate of $1.37 by $0.07. The business had revenue of $19.62 billion for the quarter, compared to analyst estimates of $18.99 billion. Taiwan Semiconductor Manufacturing had a return on equity of 25.24% and a net margin of 38.80%. Equities analysts predict that Taiwan Semiconductor Manufacturing Company Limited will post 6.16 EPS for the current year.

Taiwan Semiconductor Manufacturing Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 11th. Investors of record on Thursday, June 13th will be given a dividend of $0.4408 per share. This represents a $1.76 annualized dividend and a yield of 1.29%. The ex-dividend date is Thursday, June 13th. Taiwan Semiconductor Manufacturing’s dividend payout ratio (DPR) is presently 33.78%.

Taiwan Semiconductor Manufacturing 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 complementary metal oxide silicon wafer fabrication processes to manufacture logic, mixed-signal, radio frequency, and embedded memory semiconductors.