Soros Fund Management LLC Purchases New Position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Soros Fund Management LLC bought a new position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 40,169 shares of the semiconductor company’s stock, valued at approximately $7,933,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. FMR LLC increased its holdings in shares of Taiwan Semiconductor Manufacturing by 4.6% in the 4th quarter. FMR LLC now owns 58,547,257 shares of the semiconductor company’s stock worth $11,562,498,000 after buying an additional 2,572,488 shares during the last quarter. Sanders Capital LLC increased its holdings in shares of Taiwan Semiconductor Manufacturing by 0.6% in the 4th quarter. Sanders Capital LLC now owns 41,877,457 shares of the semiconductor company’s stock worth $8,270,379,000 after buying an additional 231,310 shares during the last quarter. Capital World Investors increased its holdings in shares of Taiwan Semiconductor Manufacturing by 0.8% in the 4th quarter. Capital World Investors now owns 35,602,400 shares of the semiconductor company’s stock worth $7,031,632,000 after buying an additional 294,316 shares during the last quarter. Capital International Investors increased its holdings in shares of Taiwan Semiconductor Manufacturing by 8.2% in the 4th quarter. Capital International Investors now owns 22,210,222 shares of the semiconductor company’s stock worth $4,391,957,000 after buying an additional 1,683,256 shares during the last quarter. Finally, Van ECK Associates Corp increased its holdings in shares of Taiwan Semiconductor Manufacturing by 6.0% in the 4th quarter. Van ECK Associates Corp now owns 19,392,159 shares of the semiconductor company’s stock worth $3,829,757,000 after buying an additional 1,102,166 shares during the last quarter. 16.51% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on TSM shares. Susquehanna reissued a “positive” rating on shares of Taiwan Semiconductor Manufacturing in a report on Friday. 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. StockNews.com lowered shares of Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a report on Tuesday, January 28th. Finally, Barclays reaffirmed a “hold” rating on shares of Taiwan Semiconductor Manufacturing in a report on Friday. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, Taiwan Semiconductor Manufacturing has a consensus rating of “Moderate Buy” and a consensus price target of $212.00.

Taiwan Semiconductor Manufacturing Price Performance

Shares of Taiwan Semiconductor Manufacturing stock opened at $163.27 on Tuesday. The firm has a market cap of $846.79 billion, a PE ratio of 23.19, a price-to-earnings-growth ratio of 0.66 and a beta of 1.16. Taiwan Semiconductor Manufacturing Company Limited has a 12-month low of $133.21 and a 12-month high of $226.40. The company has a quick ratio of 2.30, a current ratio of 2.57 and a debt-to-equity ratio of 0.24. The company’s fifty day simple moving average is $168.34 and its two-hundred day simple moving average is $189.00.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last posted its earnings results on Thursday, April 17th. The semiconductor company reported $2.12 EPS 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 firm had revenue of $25.82 billion during the quarter, compared to analysts’ expectations of $834.10 billion. As a group, equities analysts expect that Taiwan Semiconductor Manufacturing Company Limited will post 9.2 EPS for the current year.

Taiwan Semiconductor Manufacturing Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 10th. Shareholders of record on Thursday, June 12th will be issued a $0.6855 dividend. This is a positive change from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.55. The ex-dividend date of this dividend is Thursday, June 12th. This represents a $2.74 dividend on an annualized basis and a dividend yield of 1.68%. 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.