Wynn Capital LLC Acquires New Position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Wynn Capital LLC purchased a new position in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 4,785 shares of the semiconductor company’s stock, valued at approximately $498,000.

A number of other large investors also recently bought and sold shares of TSM. Van ECK Associates Corp grew its holdings in Taiwan Semiconductor Manufacturing by 29.6% during the 3rd quarter. Van ECK Associates Corp now owns 14,795,582 shares of the semiconductor company’s stock valued at $1,285,736,000 after purchasing an additional 3,381,514 shares in the last quarter. Morgan Stanley lifted its position in shares of Taiwan Semiconductor Manufacturing by 11.2% in the 3rd quarter. Morgan Stanley now owns 23,804,180 shares of the semiconductor company’s stock worth $2,068,583,000 after buying an additional 2,400,882 shares during the last quarter. Lone Pine Capital LLC lifted its position in Taiwan Semiconductor Manufacturing by 21.7% in the 3rd quarter. Lone Pine Capital LLC now owns 7,800,152 shares of the semiconductor company’s stock valued at $677,833,000 after purchasing an additional 1,389,785 shares during the last quarter. American Century Companies Inc. lifted its position in Taiwan Semiconductor Manufacturing by 56.2% in the 3rd quarter. American Century Companies Inc. now owns 3,473,637 shares of the semiconductor company’s stock valued at $301,859,000 after purchasing an additional 1,250,290 shares during the last quarter. Finally, Northern Trust Corp lifted its position in Taiwan Semiconductor Manufacturing by 44.1% in the 3rd quarter. Northern Trust Corp now owns 3,490,630 shares of the semiconductor company’s stock valued at $303,336,000 after purchasing an additional 1,068,723 shares during the last quarter. Hedge funds and other institutional investors own 16.51% of the company’s stock.

Taiwan Semiconductor Manufacturing Price Performance

NYSE TSM traded down $0.44 on Wednesday, hitting $132.99. 15,530,136 shares of the company were exchanged, compared to its average volume of 15,863,682. The firm has a 50 day moving average of $136.61 and a two-hundred day moving average of $114.01. The company has a market cap of $689.74 billion, a P/E ratio of 25.26, a P/E/G ratio of 0.93 and a beta of 1.15. The company has a current ratio of 2.33, a quick ratio of 2.06 and a debt-to-equity ratio of 0.27. Taiwan Semiconductor Manufacturing Company Limited has a 1-year low of $81.21 and a 1-year high of $158.40.

Taiwan Semiconductor Manufacturing Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 11th. Shareholders of record on Thursday, June 13th will be given a dividend of $0.4408 per share. The ex-dividend date is Thursday, June 13th. This represents a $1.76 dividend on an annualized basis and a yield of 1.33%. Taiwan Semiconductor Manufacturing’s payout ratio is presently 32.76%.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on TSM shares. Needham & Company LLC reaffirmed a “buy” rating and issued a $168.00 price objective on shares of Taiwan Semiconductor Manufacturing in a research note on Thursday, April 18th. Susquehanna lifted their target price on shares of Taiwan Semiconductor Manufacturing from $160.00 to $180.00 and gave the company a “positive” rating in a research note on Tuesday, April 2nd. StockNews.com upgraded shares of Taiwan Semiconductor Manufacturing from a “hold” rating to a “buy” rating in a research note on Thursday, April 11th. TD Cowen boosted their price objective on shares of Taiwan Semiconductor Manufacturing from $100.00 to $130.00 and gave the stock a “hold” rating in a research note on Thursday, April 18th. Finally, Barclays boosted their price objective on shares of Taiwan Semiconductor Manufacturing from $145.00 to $150.00 and gave the stock an “overweight” rating in a research note on Friday, April 19th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, Taiwan Semiconductor Manufacturing has an average rating of “Moderate Buy” and a consensus target price of $157.00.

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.