Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) Shares Acquired by Pitcairn Co.

Pitcairn Co. boosted its stake in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 26.2% during the fourth quarter, HoldingsChannel.com reports. The firm owned 35,706 shares of the semiconductor company’s stock after acquiring an additional 7,404 shares during the period. Pitcairn Co.’s holdings in Taiwan Semiconductor Manufacturing were worth $7,052,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Jennison Associates LLC grew its holdings in shares of Taiwan Semiconductor Manufacturing by 72.9% during the 4th quarter. Jennison Associates LLC now owns 6,949,520 shares of the semiconductor company’s stock worth $1,372,461,000 after purchasing an additional 2,931,209 shares during the period. Franklin Resources Inc. increased its position in shares of Taiwan Semiconductor Manufacturing by 32.3% in the fourth quarter. Franklin Resources Inc. now owns 8,498,063 shares of the semiconductor company’s stock worth $1,678,283,000 after acquiring an additional 2,074,329 shares in the last quarter. Alphinity Investment Management Pty Ltd purchased a new position in shares of Taiwan Semiconductor Manufacturing in the 4th quarter valued at $349,241,000. Public Employees Retirement System of Ohio acquired a new position in shares of Taiwan Semiconductor Manufacturing during the 3rd quarter valued at $229,098,000. Finally, Alliancebernstein L.P. boosted its position in Taiwan Semiconductor Manufacturing by 23.4% during the 4th quarter. Alliancebernstein L.P. now owns 6,742,256 shares of the semiconductor company’s stock worth $1,331,528,000 after purchasing an additional 1,276,793 shares during the period. Institutional investors and hedge funds own 16.51% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have commented on TSM shares. Barclays boosted their price objective on Taiwan Semiconductor Manufacturing from $240.00 to $255.00 and gave the stock an “overweight” rating in a research note on Friday, January 17th. StockNews.com lowered Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a research report on Tuesday, January 28th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $225.00 price objective on shares of Taiwan Semiconductor Manufacturing in a research note on Tuesday, February 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 data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $220.00.

Taiwan Semiconductor Manufacturing Trading Up 1.1 %

TSM opened at $170.48 on Thursday. Taiwan Semiconductor Manufacturing Company Limited has a 12-month low of $125.78 and a 12-month high of $226.40. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.57 and a quick ratio of 2.30. The stock has a market capitalization of $884.18 billion, a PE ratio of 24.22, a P/E/G ratio of 0.66 and a beta of 1.16. The firm’s fifty day moving average price is $189.38 and its 200 day moving average price is $192.49.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last announced its quarterly earnings data on Thursday, January 16th. The semiconductor company reported $2.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.16 by $0.08. Taiwan Semiconductor Manufacturing had a return on equity of 30.47% and a net margin of 40.51%. As a group, research analysts expect that Taiwan Semiconductor Manufacturing Company Limited will post 9.2 EPS for the current fiscal year.

Taiwan Semiconductor Manufacturing Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 10th. Shareholders of record on Thursday, June 12th will be paid a dividend of $0.6855 per share. This is a boost 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 annualized dividend and a yield of 1.61%. Taiwan Semiconductor Manufacturing’s dividend payout ratio (DPR) is presently 30.68%.

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.