Fmr LLC Boosts Stock Position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Fmr LLC lifted its position in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 4.6% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 58,547,257 shares of the semiconductor company’s stock after buying an additional 2,572,488 shares during the period. Taiwan Semiconductor Manufacturing comprises 0.7% of Fmr LLC’s investment portfolio, making the stock its 20th largest position. Fmr LLC owned 1.13% of Taiwan Semiconductor Manufacturing worth $11,562,498,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of TSM. Morse Asset Management Inc grew its position in Taiwan Semiconductor Manufacturing by 120.7% during the 3rd quarter. Morse Asset Management Inc now owns 17,703 shares of the semiconductor company’s stock worth $3,074,000 after acquiring an additional 9,683 shares during the last quarter. Two Sigma Advisers LP boosted its stake in shares of Taiwan Semiconductor Manufacturing by 1,391.8% during the third quarter. Two Sigma Advisers LP now owns 164,100 shares of the semiconductor company’s stock valued at $28,499,000 after purchasing an additional 153,100 shares during the period. Weiss Asset Management LP bought a new position in shares of Taiwan Semiconductor Manufacturing in the third quarter worth approximately $1,711,000. Kovitz Investment Group Partners LLC increased its stake in shares of Taiwan Semiconductor Manufacturing by 31.0% in the third quarter. Kovitz Investment Group Partners LLC now owns 23,244 shares of the semiconductor company’s stock worth $3,697,000 after buying an additional 5,500 shares during the period. Finally, Insigneo Advisory Services LLC boosted its position in Taiwan Semiconductor Manufacturing by 34.0% during the 3rd quarter. Insigneo Advisory Services LLC now owns 13,987 shares of the semiconductor company’s stock valued at $2,429,000 after buying an additional 3,552 shares during the period. Institutional investors own 16.51% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently commented on TSM shares. Needham & Company LLC reaffirmed a “buy” rating and set a $225.00 price objective on shares of Taiwan Semiconductor Manufacturing in a research note on Tuesday, February 18th. Barclays lifted their target price on shares of Taiwan Semiconductor Manufacturing from $240.00 to $255.00 and gave the company an “overweight” rating in a research note on Friday, January 17th. Finally, StockNews.com downgraded shares of Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a research note on Tuesday, January 28th. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $220.00.

Taiwan Semiconductor Manufacturing Stock Performance

Shares of Taiwan Semiconductor Manufacturing stock opened at $146.88 on Friday. The company has a current ratio of 2.57, a quick ratio of 2.30 and a debt-to-equity ratio of 0.24. The business has a fifty day simple moving average of $186.54 and a two-hundred day simple moving average of $192.26. The firm has a market capitalization of $761.76 billion, a P/E ratio of 20.86, a P/E/G ratio of 0.66 and a beta of 1.16. Taiwan Semiconductor Manufacturing Company Limited has a 12 month low of $125.78 and a 12 month high of $226.40.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last announced its quarterly earnings data on Thursday, January 16th. The semiconductor company reported $2.24 earnings per share for the quarter, topping analysts’ consensus estimates of $2.16 by $0.08. Taiwan Semiconductor Manufacturing had a net margin of 40.51% and a return on equity of 30.47%. On average, equities analysts forecast that Taiwan Semiconductor Manufacturing Company Limited will post 9.2 earnings per share for the current fiscal year.

Taiwan Semiconductor Manufacturing Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 10th. Stockholders of record on Thursday, June 12th will be paid a $0.6855 dividend. This is a boost from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.55. This represents a $2.74 dividend on an annualized basis and a dividend yield of 1.87%. The ex-dividend date is Thursday, June 12th. Taiwan Semiconductor Manufacturing’s dividend payout ratio is currently 30.68%.

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.