Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) Shares Bought by Advanced Portfolio Management LLC

Advanced Portfolio Management LLC raised its position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSMFree Report) by 12.5% in the 3rd quarter, Holdings Channel.com reports. The fund owned 22,500 shares of the semiconductor company’s stock after acquiring an additional 2,500 shares during the quarter. Taiwan Semiconductor Manufacturing makes up approximately 1.6% of Advanced Portfolio Management LLC’s portfolio, making the stock its 22nd biggest position. Advanced Portfolio Management LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $1,955,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Natixis Investment Managers International raised its holdings in shares of Taiwan Semiconductor Manufacturing by 3.3% in the second quarter. Natixis Investment Managers International now owns 56,651 shares of the semiconductor company’s stock worth $5,717,000 after buying an additional 1,822 shares during the last quarter. Congress Wealth Management LLC DE raised its holdings in shares of Taiwan Semiconductor Manufacturing by 2.2% during the third quarter. Congress Wealth Management LLC DE now owns 30,905 shares of the semiconductor company’s stock worth $2,686,000 after purchasing an additional 671 shares during the last quarter. UniSuper Management Pty Ltd acquired a new position in Taiwan Semiconductor Manufacturing during the second quarter valued at $39,611,000. Metropolis Capital Ltd lifted its position in Taiwan Semiconductor Manufacturing by 21.0% during the third quarter. Metropolis Capital Ltd now owns 1,136,061 shares of the semiconductor company’s stock valued at $98,724,000 after purchasing an additional 196,867 shares during the period. Finally, LGT Capital Partners LTD. lifted its position in Taiwan Semiconductor Manufacturing by 4.4% during the third quarter. LGT Capital Partners LTD. now owns 1,554,790 shares of the semiconductor company’s stock valued at $135,111,000 after purchasing an additional 65,220 shares during the period. Hedge funds and other institutional investors own 16.51% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently issued reports on TSM. Susquehanna boosted their target price on shares of Taiwan Semiconductor Manufacturing from $130.00 to $160.00 and gave the company a “positive” rating in a research report on Tuesday, February 13th. StockNews.com upgraded shares of Taiwan Semiconductor Manufacturing from a “hold” rating to a “buy” rating in a research report on Friday, December 8th. Needham & Company LLC boosted their target price on shares of Taiwan Semiconductor Manufacturing from $115.00 to $133.00 and gave the company a “buy” rating in a research report on Friday, January 19th. Barclays upped their price objective on shares of Taiwan Semiconductor Manufacturing from $110.00 to $125.00 and gave the stock an “overweight” rating in a research report on Friday, January 19th. Finally, TD Cowen upped their price objective on shares of Taiwan Semiconductor Manufacturing from $85.00 to $95.00 and gave the stock a “market perform” rating in a research report on Friday, January 12th. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $128.25.

Get Our Latest Analysis on TSM

Taiwan Semiconductor Manufacturing Price Performance

Shares of Taiwan Semiconductor Manufacturing stock traded up $5.23 during trading hours on Friday, reaching $133.90. The stock had a trading volume of 24,393,047 shares, compared to its average volume of 12,789,744. The firm has a market capitalization of $694.46 billion, a PE ratio of 25.86, a PEG ratio of 2.91 and a beta of 1.15. The stock’s 50 day moving average is $115.53 and its 200 day moving average is $101.00. The company has a current ratio of 2.40, a quick ratio of 2.13 and a debt-to-equity ratio of 0.26. Taiwan Semiconductor Manufacturing Company Limited has a twelve month low of $81.21 and a twelve month high of $136.65.

Taiwan Semiconductor Manufacturing (NYSE:TSMGet Free Report) last released its earnings results on Thursday, January 18th. The semiconductor company reported $1.44 EPS for the quarter, topping analysts’ consensus estimates of $1.37 by $0.07. The business had revenue of $19.62 billion during the quarter, compared to analysts’ expectations of $18.99 billion. Taiwan Semiconductor Manufacturing had a net margin of 38.80% and a return on equity of 25.24%. Equities analysts expect that Taiwan Semiconductor Manufacturing Company Limited will post 6.17 earnings per share for the current fiscal year.

Taiwan Semiconductor Manufacturing Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 11th. Stockholders of record on Thursday, June 13th will be paid a dividend of $0.4408 per share. The ex-dividend date of this dividend is Thursday, June 13th. This represents a $1.76 dividend on an annualized basis and a dividend yield of 1.32%. Taiwan Semiconductor Manufacturing’s dividend payout ratio is currently 33.01%.

Taiwan Semiconductor Manufacturing Company Profile

(Free Report)

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 complementary metal oxide silicon wafer fabrication processes to manufacture logic, mixed-signal, radio frequency, and embedded memory semiconductors.

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Institutional Ownership by Quarter for Taiwan Semiconductor Manufacturing (NYSE:TSM)

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