Brown Brothers Harriman & Co. Has $3.34 Million Holdings in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Brown Brothers Harriman & Co. lifted its holdings in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 6.0% during the 3rd quarter, Holdings Channel reports. The firm owned 19,227 shares of the semiconductor company’s stock after purchasing an additional 1,092 shares during the period. Brown Brothers Harriman & Co.’s holdings in Taiwan Semiconductor Manufacturing were worth $3,339,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in TSM. Loomis Sayles & Co. L P grew its holdings in shares of Taiwan Semiconductor Manufacturing by 0.9% during the 3rd quarter. Loomis Sayles & Co. L P now owns 1,231,973 shares of the semiconductor company’s stock worth $213,957,000 after purchasing an additional 10,966 shares in the last quarter. Boston Family Office LLC grew its stake in Taiwan Semiconductor Manufacturing by 70.0% during the third quarter. Boston Family Office LLC now owns 3,399 shares of the semiconductor company’s stock worth $590,000 after buying an additional 1,399 shares in the last quarter. Blue Whale Capital LLP acquired a new stake in Taiwan Semiconductor Manufacturing during the third quarter worth about $74,241,000. Independent Advisor Alliance increased its holdings in Taiwan Semiconductor Manufacturing by 13.7% in the 3rd quarter. Independent Advisor Alliance now owns 23,846 shares of the semiconductor company’s stock valued at $4,141,000 after buying an additional 2,865 shares during the period. Finally, Bank of Hawaii raised its position in shares of Taiwan Semiconductor Manufacturing by 25.1% in the 3rd quarter. Bank of Hawaii now owns 6,905 shares of the semiconductor company’s stock valued at $1,199,000 after buying an additional 1,384 shares in the last quarter. 16.51% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. StockNews.com cut shares of Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a research note on Sunday, November 17th. Barclays lifted their price target on Taiwan Semiconductor Manufacturing from $215.00 to $240.00 and gave the company an “overweight” rating in a research note on Monday, November 18th. Needham & Company LLC restated a “buy” rating and set a $210.00 price objective on shares of Taiwan Semiconductor Manufacturing in a research report on Thursday, October 17th. Finally, Susquehanna reiterated a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a research report on Friday, October 18th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, Taiwan Semiconductor Manufacturing presently has an average rating of “Moderate Buy” and an average price target of $214.00.

Taiwan Semiconductor Manufacturing Price Performance

Shares of TSM opened at $184.99 on Tuesday. 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 stock has a market cap of $959.43 billion, a PE ratio of 29.65, a PEG ratio of 0.88 and a beta of 1.12. Taiwan Semiconductor Manufacturing Company Limited has a 12-month low of $95.25 and a 12-month high of $212.60. The business has a 50-day simple moving average of $188.24 and a two-hundred day simple moving average of $174.42.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last released its quarterly earnings data on Thursday, October 17th. The semiconductor company reported $1.94 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.74 by $0.20. Taiwan Semiconductor Manufacturing had a return on equity of 27.44% and a net margin of 39.10%. The company had revenue of $23.50 billion during the quarter, compared to the consensus estimate of $22.72 billion. Analysts anticipate that Taiwan Semiconductor Manufacturing Company Limited will post 6.95 earnings per share for the current fiscal year.

Taiwan Semiconductor Manufacturing Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 10th. Stockholders of record on Tuesday, March 18th will be issued a dividend of $0.5484 per share. This represents a $2.19 dividend on an annualized basis and a dividend yield of 1.19%. The ex-dividend date is Tuesday, March 18th. This is a positive change from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. Taiwan Semiconductor Manufacturing’s payout ratio is 31.57%.

Taiwan Semiconductor Manufacturing Company 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.