Alliancebernstein L.P. Has $1.33 Billion Holdings in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Alliancebernstein L.P. raised its holdings in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM - Free Report) by 23.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 6,742,256 shares of the semiconductor company's stock after acquiring an additional 1,276,793 shares during the quarter. Alliancebernstein L.P. owned 0.13% of Taiwan Semiconductor Manufacturing worth $1,331,528,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently made changes to their positions in TSM. Mount Yale Investment Advisors LLC boosted its holdings in shares of Taiwan Semiconductor Manufacturing by 4.3% in the fourth quarter. Mount Yale Investment Advisors LLC now owns 35,709 shares of the semiconductor company's stock worth $7,052,000 after buying an additional 1,476 shares during the period. McHugh Group LLC acquired a new position in Taiwan Semiconductor Manufacturing in the 4th quarter worth approximately $605,000. OLD National Bancorp IN raised its stake in Taiwan Semiconductor Manufacturing by 2.1% during the 4th quarter. OLD National Bancorp IN now owns 113,205 shares of the semiconductor company's stock valued at $22,357,000 after purchasing an additional 2,368 shares during the period. Guardian Partners Inc. purchased a new stake in shares of Taiwan Semiconductor Manufacturing in the fourth quarter valued at $9,222,000. Finally, Hardman Johnston Global Advisors LLC boosted its position in shares of Taiwan Semiconductor Manufacturing by 7.6% in the fourth quarter. Hardman Johnston Global Advisors LLC now owns 381,432 shares of the semiconductor company's stock worth $75,329,000 after buying an additional 26,847 shares during the period. Institutional investors and hedge funds own 16.51% of the company's stock.

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Wall Street Analysts Forecast Growth

Several research firms have recently commented on TSM. StockNews.com cut shares of Taiwan Semiconductor Manufacturing from a "buy" rating to a "hold" rating in a report on Tuesday, January 28th. Needham & Company LLC reiterated a "buy" rating and set a $225.00 price target on shares of Taiwan Semiconductor Manufacturing in a report on Tuesday, February 18th. Finally, Barclays lifted their target price on shares of Taiwan Semiconductor Manufacturing from $240.00 to $255.00 and gave the company an "overweight" rating in a research note on Friday, January 17th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $220.00.

Taiwan Semiconductor Manufacturing Stock Up 1.5 %

Shares of NYSE TSM traded up $2.46 during mid-day trading on Tuesday, reaching $168.46. 9,155,553 shares of the company traded hands, compared to its average volume of 15,287,641. The company's fifty day moving average is $191.44 and its two-hundred day moving average is $192.67. The company has a debt-to-equity ratio of 0.24, a quick ratio of 2.30 and a current ratio of 2.57. Taiwan Semiconductor Manufacturing Company Limited has a fifty-two week low of $125.78 and a fifty-two week high of $226.40. The stock has a market cap of $873.72 billion, a PE ratio of 23.93, a price-to-earnings-growth ratio of 0.66 and a beta of 1.13.

Taiwan Semiconductor Manufacturing (NYSE:TSM - Get Free Report) last announced its quarterly earnings results on Thursday, January 16th. The semiconductor company reported $2.24 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%. On average, analysts expect that Taiwan Semiconductor Manufacturing Company Limited will post 9.2 earnings per share for the current year.

Taiwan Semiconductor Manufacturing Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 10th. Shareholders of record on Thursday, June 12th will be given a dividend of $0.6855 per share. This is a positive change 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 dividend on an annualized basis and a yield of 1.63%. Taiwan Semiconductor Manufacturing's payout ratio is currently 30.68%.

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.