Fulton Breakefield Broenniman LLC Boosts Stock Position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Fulton Breakefield Broenniman LLC lifted its position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 1.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 188,833 shares of the semiconductor company’s stock after buying an additional 2,136 shares during the quarter. Taiwan Semiconductor Manufacturing makes up 1.6% of Fulton Breakefield Broenniman LLC’s investment portfolio, making the stock its 23rd largest holding. Fulton Breakefield Broenniman LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $19,639,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Massachusetts Financial Services Co. MA raised its holdings in shares of Taiwan Semiconductor Manufacturing by 2.6% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 26,794,316 shares of the semiconductor company’s stock valued at $2,328,426,000 after buying an additional 666,826 shares during the period. Morgan Stanley raised its holdings 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 valued at $2,068,583,000 after buying an additional 2,400,882 shares during the period. Van ECK Associates Corp raised its holdings in shares of Taiwan Semiconductor Manufacturing by 29.6% in 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 buying an additional 3,381,514 shares during the period. William Blair Investment Management LLC raised its holdings in shares of Taiwan Semiconductor Manufacturing by 3.1% in the 3rd quarter. William Blair Investment Management LLC now owns 11,780,144 shares of the semiconductor company’s stock valued at $1,023,240,000 after buying an additional 355,609 shares during the period. Finally, Lone Pine Capital LLC raised its holdings in shares of 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 buying an additional 1,389,785 shares during the period. Hedge funds and other institutional investors own 16.51% of the company’s stock.

Analyst Upgrades and Downgrades

TSM has been the topic of several recent research reports. Susquehanna upped their price target on Taiwan Semiconductor Manufacturing from $160.00 to $180.00 and gave the stock a “positive” rating in a report on Tuesday, April 2nd. Needham & Company LLC restated a “buy” rating and set a $168.00 price target on shares of Taiwan Semiconductor Manufacturing in a report on Thursday, April 18th. Barclays upped their price target on Taiwan Semiconductor Manufacturing from $145.00 to $150.00 and gave the stock an “overweight” rating in a report on Friday, April 19th. TD Cowen upped their price target on Taiwan Semiconductor Manufacturing from $100.00 to $130.00 and gave the stock a “hold” rating in a report on Thursday, April 18th. Finally, StockNews.com upgraded Taiwan Semiconductor Manufacturing from a “hold” rating to a “buy” rating in a report on Thursday, April 11th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, Taiwan Semiconductor Manufacturing currently has a consensus rating of “Moderate Buy” and a consensus price target of $157.00.

Taiwan Semiconductor Manufacturing Trading Up 1.3 %

NYSE:TSM opened at $138.30 on Friday. The stock’s 50 day moving average price is $137.06 and its 200 day moving average price is $114.81. The company has a market capitalization of $717.28 billion, a PE ratio of 26.34, a P/E/G ratio of 0.99 and a beta of 1.15. The company has a quick ratio of 2.06, a current ratio of 2.33 and a debt-to-equity ratio of 0.27. Taiwan Semiconductor Manufacturing Company Limited has a 52-week low of $82.16 and a 52-week high of $158.40.

Taiwan Semiconductor Manufacturing Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 11th. Investors of record on Thursday, June 13th will be paid a $0.4408 dividend. 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 1.27%. Taiwan Semiconductor Manufacturing’s dividend payout ratio (DPR) is presently 32.76%.

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.