Alphinity Investment Management Pty Ltd Takes Position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Alphinity Investment Management Pty Ltd bought a new stake in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 1,768,397 shares of the semiconductor company’s stock, valued at approximately $349,241,000. Taiwan Semiconductor Manufacturing makes up approximately 1.9% of Alphinity Investment Management Pty Ltd’s investment portfolio, making the stock its 24th largest position.

A number of other hedge funds also recently modified their holdings of the business. Proficio Capital Partners LLC increased its position in Taiwan Semiconductor Manufacturing by 25,536.6% in the 4th quarter. Proficio Capital Partners LLC now owns 368,911 shares of the semiconductor company’s stock worth $72,856,000 after purchasing an additional 367,472 shares during the last quarter. Kovack Advisors Inc. lifted its holdings in shares of Taiwan Semiconductor Manufacturing by 204.1% during the 4th quarter. Kovack Advisors Inc. now owns 7,663 shares of the semiconductor company’s stock valued at $1,513,000 after buying an additional 5,143 shares during the last quarter. WT Wealth Management acquired a new stake in shares of Taiwan Semiconductor Manufacturing during the 4th quarter valued at about $210,000. Central Asset Investments & Management Holdings HK Ltd lifted its holdings in shares of Taiwan Semiconductor Manufacturing by 175.2% during the 4th quarter. Central Asset Investments & Management Holdings HK Ltd now owns 47,913 shares of the semiconductor company’s stock valued at $9,462,000 after buying an additional 30,500 shares during the last quarter. Finally, K.J. Harrison & Partners Inc lifted its holdings in shares of Taiwan Semiconductor Manufacturing by 37.5% during the 4th quarter. K.J. Harrison & Partners Inc now owns 11,000 shares of the semiconductor company’s stock valued at $2,217,000 after buying an additional 3,000 shares during the last quarter. Hedge funds and other institutional investors own 16.51% of the company’s stock.

Taiwan Semiconductor Manufacturing Stock Up 2.8 %

TSM opened at $194.70 on Thursday. The business has a 50 day moving average price of $205.35 and a 200 day moving average price of $191.44. Taiwan Semiconductor Manufacturing Company Limited has a twelve month low of $125.78 and a twelve month 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. The firm has a market cap of $1.01 trillion, a P/E ratio of 27.66, a price-to-earnings-growth ratio of 0.66 and a beta of 1.06.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last posted its earnings results on Thursday, January 16th. The semiconductor company reported $2.24 earnings per share 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%. Research analysts forecast 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. 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 1.41%. The ex-dividend date is Thursday, June 12th. Taiwan Semiconductor Manufacturing’s payout ratio is currently 31.11%.

Analyst Ratings Changes

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

About Taiwan Semiconductor Manufacturing

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.