Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) Shares Bought by Nicholas Investment Partners LP

Nicholas Investment Partners LP lifted its stake in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 3.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 22,644 shares of the semiconductor company’s stock after acquiring an additional 714 shares during the quarter. Nicholas Investment Partners LP’s holdings in Taiwan Semiconductor Manufacturing were worth $4,472,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Noked Israel Ltd boosted its stake in Taiwan Semiconductor Manufacturing by 1.1% during the fourth quarter. Noked Israel Ltd now owns 467,900 shares of the semiconductor company’s stock valued at $92,406,000 after buying an additional 5,100 shares in the last quarter. Northeast Financial Consultants Inc lifted its stake in Taiwan Semiconductor Manufacturing by 4.0% during the fourth quarter. Northeast Financial Consultants Inc now owns 8,846 shares of the semiconductor company’s stock valued at $1,747,000 after purchasing an additional 342 shares during the last quarter. Nuveen Asset Management LLC grew its position in Taiwan Semiconductor Manufacturing by 11.6% in the fourth quarter. Nuveen Asset Management LLC now owns 3,943,461 shares of the semiconductor company’s stock worth $778,794,000 after buying an additional 410,249 shares during the last quarter. Meridiem Capital Partners LP bought a new position in shares of Taiwan Semiconductor Manufacturing in the fourth quarter valued at $27,884,000. Finally, Morse Asset Management Inc lifted its position in shares of Taiwan Semiconductor Manufacturing by 34.2% during the 4th quarter. Morse Asset Management Inc now owns 23,751 shares of the semiconductor company’s stock valued at $4,691,000 after acquiring an additional 6,048 shares during the last quarter. Institutional investors own 16.51% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the company. Needham & Company LLC reaffirmed a “buy” rating and set a $225.00 target price on shares of Taiwan Semiconductor Manufacturing in a report on Thursday, April 17th. Susquehanna reissued a “positive” rating on shares of Taiwan Semiconductor Manufacturing in a research report on Friday, April 25th. StockNews.com cut shares of Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a research report on Tuesday, January 28th. Finally, Barclays restated a “hold” rating on shares of Taiwan Semiconductor Manufacturing in a report on Friday, April 25th. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $212.00.

Taiwan Semiconductor Manufacturing Stock Performance

Shares of TSM stock opened at $194.00 on Wednesday. Taiwan Semiconductor Manufacturing Company Limited has a fifty-two week low of $133.57 and a fifty-two week high of $226.40. The stock’s 50-day moving average is $166.14 and its two-hundred day moving average is $187.43. 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 cap of $1.01 trillion, a P/E ratio of 27.56, a PEG ratio of 0.66 and a beta of 1.21.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last posted its earnings results on Thursday, April 17th. The semiconductor company reported $2.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.03 by $0.09. The firm had revenue of $25.82 billion during the quarter, compared to analysts’ expectations of $834.10 billion. Taiwan Semiconductor Manufacturing had a net margin of 40.51% and a return on equity of 30.47%. Analysts predict 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 disclosed a quarterly dividend, which will be paid on Thursday, July 10th. Investors of record on Thursday, June 12th will be paid a $0.6855 dividend. This represents a $2.74 dividend on an annualized basis and a dividend yield of 1.41%. This is an increase from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.55. The ex-dividend date is Thursday, June 12th. Taiwan Semiconductor Manufacturing’s dividend payout ratio (DPR) is presently 27.76%.

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.