Gardner Lewis Asset Management L P Boosts Stock Holdings in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Gardner Lewis Asset Management L P grew its position in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 30.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 9,878 shares of the semiconductor company’s stock after buying an additional 2,278 shares during the period. Gardner Lewis Asset Management L P’s holdings in Taiwan Semiconductor Manufacturing were worth $1,951,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in TSM. Van ECK Associates Corp boosted its position in Taiwan Semiconductor Manufacturing by 6.0% during the fourth quarter. Van ECK Associates Corp now owns 19,392,159 shares of the semiconductor company’s stock worth $3,829,757,000 after purchasing an additional 1,102,166 shares during the period. GQG Partners LLC raised its holdings in Taiwan Semiconductor Manufacturing by 11.0% during the 4th quarter. GQG Partners LLC now owns 7,819,269 shares of the semiconductor company’s stock valued at $1,544,227,000 after acquiring an additional 777,090 shares during the period. Jennison Associates LLC boosted its holdings in shares of Taiwan Semiconductor Manufacturing by 72.9% in the fourth quarter. Jennison Associates LLC now owns 6,949,520 shares of the semiconductor company’s stock worth $1,372,461,000 after acquiring an additional 2,931,209 shares during the period. Janus Henderson Group PLC boosted its position in shares of Taiwan Semiconductor Manufacturing by 19.9% in the third quarter. Janus Henderson Group PLC now owns 6,485,854 shares of the semiconductor company’s stock valued at $1,126,420,000 after acquiring an additional 1,075,425 shares during the period. Finally, Franklin Resources Inc. lifted its stake in Taiwan Semiconductor Manufacturing by 13.2% in the 3rd quarter. Franklin Resources Inc. now owns 6,423,734 shares of the semiconductor company’s stock worth $1,234,706,000 after purchasing an additional 750,515 shares in the last quarter. Institutional investors own 16.51% of the company’s stock.

Taiwan Semiconductor Manufacturing Price Performance

TSM opened at $168.68 on Friday. The stock has a market capitalization of $874.82 billion, a P/E ratio of 23.96, a P/E/G ratio of 0.66 and a beta of 1.13. The company’s 50-day simple moving average is $193.26 and its two-hundred day simple moving average is $192.32. Taiwan Semiconductor Manufacturing Company Limited has a 52-week low of $125.78 and a 52-week high of $226.40. The company has a debt-to-equity ratio of 0.24, a quick ratio of 2.30 and a current ratio of 2.57.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last announced its earnings results on Thursday, January 16th. The semiconductor company reported $2.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.16 by $0.08. Taiwan Semiconductor Manufacturing had a return on equity of 30.47% and a net margin of 40.51%. As a group, analysts predict that Taiwan Semiconductor Manufacturing Company Limited will post 9.2 EPS for the current year.

Taiwan Semiconductor Manufacturing Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 10th. Shareholders of record on Thursday, June 12th will be given a $0.6855 dividend. The ex-dividend date is Thursday, June 12th. This is an increase from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.55. This represents a $2.74 annualized dividend and a yield of 1.63%. Taiwan Semiconductor Manufacturing’s dividend payout ratio (DPR) is presently 30.68%.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on TSM. Needham & Company LLC restated a “buy” rating and set a $225.00 price objective on shares of Taiwan Semiconductor Manufacturing in a research report on Tuesday, February 18th. Barclays raised their price objective on Taiwan Semiconductor Manufacturing from $240.00 to $255.00 and gave the company an “overweight” rating in a research report on Friday, January 17th. Finally, StockNews.com lowered Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a research report on Tuesday, January 28th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $220.00.

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 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.