Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) Stake Increased by First Manhattan CO. LLC.

First Manhattan CO. LLC. raised its stake in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 50.0% during the fourth quarter, HoldingsChannel reports. The fund owned 35,793 shares of the semiconductor company’s stock after acquiring an additional 11,926 shares during the quarter. First Manhattan CO. LLC.’s holdings in Taiwan Semiconductor Manufacturing were worth $7,091,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in TSM. ST Germain D J Co. Inc. increased its holdings in Taiwan Semiconductor Manufacturing by 0.7% in the fourth quarter. ST Germain D J Co. Inc. now owns 9,339 shares of the semiconductor company’s stock valued at $1,844,000 after buying an additional 61 shares during the last quarter. Highline Wealth Partners LLC raised its position in shares of Taiwan Semiconductor Manufacturing by 26.2% during the 4th quarter. Highline Wealth Partners LLC now owns 1,190 shares of the semiconductor company’s stock valued at $235,000 after acquiring an additional 247 shares in the last quarter. Atlas Brown Inc. bought a new position in Taiwan Semiconductor Manufacturing during the fourth quarter worth $210,000. West Oak Capital LLC boosted its holdings in Taiwan Semiconductor Manufacturing by 2,717.6% in the fourth quarter. West Oak Capital LLC now owns 7,185 shares of the semiconductor company’s stock worth $1,419,000 after purchasing an additional 6,930 shares during the period. Finally, Paragon Advisors LLC increased its stake in Taiwan Semiconductor Manufacturing by 7.3% during the fourth quarter. Paragon Advisors LLC now owns 43,777 shares of the semiconductor company’s stock valued at $8,646,000 after purchasing an additional 2,996 shares during the last quarter. 16.51% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the stock. StockNews.com downgraded shares of Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a research report on Tuesday, January 28th. Susquehanna restated a “positive” rating on shares of Taiwan Semiconductor Manufacturing in a research note on Friday, April 25th. Needham & Company LLC reiterated a “buy” rating and set a $225.00 price target on shares of Taiwan Semiconductor Manufacturing in a research report on Thursday, April 17th. Finally, Barclays restated a “hold” rating on shares of Taiwan Semiconductor Manufacturing in a research report on Friday, April 25th. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $212.00.

Taiwan Semiconductor Manufacturing Stock Performance

Shares of TSM stock opened at $176.65 on Friday. The business has a 50 day simple moving average of $165.73 and a 200 day simple moving average of $187.66. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.57 and a quick ratio of 2.30. The firm has a market capitalization of $916.18 billion, a price-to-earnings ratio of 25.09, a price-to-earnings-growth ratio of 0.66 and a beta of 1.21. Taiwan Semiconductor Manufacturing Company Limited has a 12-month low of $133.57 and a 12-month high of $226.40.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last posted its quarterly earnings data on Thursday, April 17th. The semiconductor company reported $2.12 earnings per share for the quarter, topping the consensus estimate of $2.03 by $0.09. Taiwan Semiconductor Manufacturing had a net margin of 40.51% and a return on equity of 30.47%. The business had revenue of $25.82 billion during the quarter, compared to the consensus estimate of $834.10 billion. On average, equities research analysts anticipate that Taiwan Semiconductor Manufacturing Company Limited will post 9.2 EPS for the current year.

Taiwan Semiconductor Manufacturing Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 10th. Shareholders of record on Thursday, June 12th will be paid a dividend of $0.6855 per share. This is a positive change from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.55. This represents a $2.74 dividend on an annualized basis and a yield of 1.55%. The ex-dividend date is Thursday, June 12th. Taiwan Semiconductor Manufacturing’s dividend payout ratio (DPR) is presently 27.76%.

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.