Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) Shares Acquired by Fmr LLC

Fmr LLC increased its stake in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 7.2% in the 3rd quarter, Holdings Channel reports. The firm owned 55,974,769 shares of the semiconductor company’s stock after purchasing an additional 3,783,802 shares during the period. Taiwan Semiconductor Manufacturing accounts for 0.6% of Fmr LLC’s investment portfolio, making the stock its 21st largest holding. Fmr LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $9,721,138,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. The Manufacturers Life Insurance Company raised its holdings in shares of Taiwan Semiconductor Manufacturing by 3.2% during the third quarter. The Manufacturers Life Insurance Company now owns 1,539,375 shares of the semiconductor company’s stock valued at $267,352,000 after acquiring an additional 47,266 shares during the last quarter. Wiser Advisor Group LLC increased its position in shares of Taiwan Semiconductor Manufacturing by 147.8% during the third quarter. Wiser Advisor Group LLC now owns 1,328 shares of the semiconductor company’s stock worth $231,000 after purchasing an additional 792 shares in the last quarter. Diversified LLC raised its stake in Taiwan Semiconductor Manufacturing by 12.1% in the 3rd quarter. Diversified LLC now owns 2,430 shares of the semiconductor company’s stock valued at $422,000 after purchasing an additional 263 shares during the last quarter. Mirabella Financial Services LLP raised its stake in Taiwan Semiconductor Manufacturing by 4,301.9% in the 3rd quarter. Mirabella Financial Services LLP now owns 56,784 shares of the semiconductor company’s stock valued at $9,810,000 after purchasing an additional 55,494 shares during the last quarter. Finally, Truvestments Capital LLC purchased a new position in Taiwan Semiconductor Manufacturing in the 3rd quarter valued at $153,000. 16.51% of the stock is owned by hedge funds and other institutional investors.

Taiwan Semiconductor Manufacturing Stock Performance

Shares of TSM stock opened at $184.99 on Tuesday. 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 $959.43 billion, a P/E ratio of 29.65, a P/E/G ratio of 0.88 and a beta of 1.12. The firm’s 50 day moving average price is $188.24 and its 200-day moving average price is $174.42. Taiwan Semiconductor Manufacturing Company Limited has a one year low of $95.25 and a one year high of $212.60.

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

Taiwan Semiconductor Manufacturing Increases Dividend

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

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the stock. Needham & Company LLC reiterated a “buy” rating and issued a $210.00 target price on shares of Taiwan Semiconductor Manufacturing in a research report on Thursday, October 17th. Susquehanna reissued a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a research note on Friday, October 18th. Barclays upped their price target on Taiwan Semiconductor Manufacturing from $215.00 to $240.00 and gave the company an “overweight” rating in a research report on Monday, November 18th. Finally, StockNews.com downgraded Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a research report on Sunday, November 17th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $214.00.

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.