Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) Shares Acquired by LGT Capital Partners LTD.

LGT Capital Partners LTD. grew its holdings in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 6.1% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,648,910 shares of the semiconductor company’s stock after buying an additional 94,120 shares during the period. Taiwan Semiconductor Manufacturing makes up 5.1% of LGT Capital Partners LTD.’s investment portfolio, making the stock its 5th largest holding. LGT Capital Partners LTD.’s holdings in Taiwan Semiconductor Manufacturing were worth $171,487,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of TSM. Mirae Asset Global Investments Co. Ltd. boosted its stake in shares of Taiwan Semiconductor Manufacturing by 30.0% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,381,845 shares of the semiconductor company’s stock worth $144,071,000 after buying an additional 318,570 shares during the last quarter. Zions Bancorporation N.A. boosted its holdings in shares of Taiwan Semiconductor Manufacturing by 29.2% in the first quarter. Zions Bancorporation N.A. now owns 597 shares of the semiconductor company’s stock worth $62,000 after acquiring an additional 135 shares during the period. Brown Brothers Harriman & Co. increased its holdings in Taiwan Semiconductor Manufacturing by 40.1% during the 1st quarter. Brown Brothers Harriman & Co. now owns 12,700 shares of the semiconductor company’s stock worth $1,324,000 after acquiring an additional 3,638 shares during the period. Merit Financial Group LLC grew its position in Taiwan Semiconductor Manufacturing by 17.3% during the first quarter. Merit Financial Group LLC now owns 2,350 shares of the semiconductor company’s stock worth $245,000 after buying an additional 346 shares in the last quarter. Finally, Ergoteles LLC raised its holdings in shares of Taiwan Semiconductor Manufacturing by 138.6% in the 1st quarter. Ergoteles LLC now owns 45,497 shares of the semiconductor company’s stock valued at $4,744,000 after acquiring an additional 26,426 shares in the last quarter. 16.51% of the stock is owned by institutional investors.

Taiwan Semiconductor Manufacturing Stock Down 0.5 %

TSM opened at $136.05 on Friday. The company has a market capitalization of $705.61 billion, a PE ratio of 26.26, a PEG ratio of 1.04 and a beta of 1.15. The company has a current ratio of 2.40, a quick ratio of 2.13 and a debt-to-equity ratio of 0.26. The firm’s 50 day simple moving average is $129.10 and its two-hundred day simple moving average is $106.99. Taiwan Semiconductor Manufacturing Company Limited has a 1-year low of $81.21 and a 1-year high of $158.40.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last posted its quarterly earnings results on Thursday, January 18th. The semiconductor company reported $1.44 earnings per share 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 analyst estimates of $18.99 billion. Taiwan Semiconductor Manufacturing had a net margin of 38.80% and a return on equity of 25.24%. As a group, equities analysts forecast that Taiwan Semiconductor Manufacturing Company Limited will post 6.16 EPS for the current year.

Taiwan Semiconductor Manufacturing Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 11th. Investors of record on Thursday, June 13th will be given 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 1.30%. Taiwan Semiconductor Manufacturing’s dividend payout ratio is 33.78%.

Wall Street Analysts Forecast Growth

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

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