BNP PARIBAS ASSET MANAGEMENT Holding S.A. Has $285.53 Million Stock Position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

BNP PARIBAS ASSET MANAGEMENT Holding S.A. lowered its holdings in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM - Free Report) by 21.2% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,644,106 shares of the semiconductor company's stock after selling 442,302 shares during the quarter. Taiwan Semiconductor Manufacturing accounts for about 0.7% of BNP PARIBAS ASSET MANAGEMENT Holding S.A.'s investment portfolio, making the stock its 22nd largest position. BNP PARIBAS ASSET MANAGEMENT Holding S.A.'s holdings in Taiwan Semiconductor Manufacturing were worth $285,532,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. BOKF NA grew its holdings in Taiwan Semiconductor Manufacturing by 4.8% in the 1st quarter. BOKF NA now owns 1,762 shares of the semiconductor company's stock valued at $249,000 after buying an additional 81 shares during the last quarter. HF Advisory Group LLC grew its holdings in Taiwan Semiconductor Manufacturing by 55.5% in the 3rd quarter. HF Advisory Group LLC now owns 13,755 shares of the semiconductor company's stock valued at $2,389,000 after buying an additional 4,907 shares during the last quarter. Impax Asset Management Group plc grew its holdings in Taiwan Semiconductor Manufacturing by 33.7% in the 3rd quarter. Impax Asset Management Group plc now owns 26,418 shares of the semiconductor company's stock valued at $4,588,000 after buying an additional 6,664 shares during the last quarter. Advisor Resource Council acquired a new stake in Taiwan Semiconductor Manufacturing in the 3rd quarter valued at approximately $613,000. Finally, Callahan Advisors LLC grew its holdings in Taiwan Semiconductor Manufacturing by 67.1% in the 3rd quarter. Callahan Advisors LLC now owns 8,360 shares of the semiconductor company's stock valued at $1,452,000 after buying an additional 3,358 shares during the last quarter. Institutional investors and hedge funds own 16.51% of the company's stock.

Analyst Ratings Changes

Several analysts have recently weighed in on the company. Susquehanna reissued a "buy" rating on shares of Taiwan Semiconductor Manufacturing in a report on Friday, October 18th. Barclays lifted their price objective on Taiwan Semiconductor Manufacturing from $215.00 to $240.00 and gave the stock an "overweight" rating in a report on Monday. Needham & Company LLC reissued a "buy" rating and set a $210.00 price objective on shares of Taiwan Semiconductor Manufacturing in a report on Thursday, October 17th. Finally, StockNews.com lowered Taiwan Semiconductor Manufacturing from a "buy" rating to a "hold" rating in a report on Sunday. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, Taiwan Semiconductor Manufacturing has an average rating of "Moderate Buy" and an average target price of $214.00.

Taiwan Semiconductor Manufacturing Trading Down 0.7 %

Shares of TSM opened at $188.41 on Thursday. The stock has a fifty day moving average price of $187.19 and a two-hundred day moving average price of $173.23. 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 52-week low of $95.25 and a 52-week high of $212.60. The company has a market cap of $977.17 billion, a price-to-earnings ratio of 30.19, a PEG ratio of 0.87 and a beta of 1.12.

Taiwan Semiconductor Manufacturing (NYSE:TSM - Get Free Report) last issued its quarterly earnings data on Thursday, October 17th. The semiconductor company reported $1.94 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.74 by $0.20. Taiwan Semiconductor Manufacturing had a return on equity of 27.44% and a net margin of 39.10%. The firm had revenue of $23.50 billion during the quarter, compared to the consensus estimate of $22.72 billion. Analysts predict that Taiwan Semiconductor Manufacturing Company Limited will post 6.95 EPS for the current fiscal year.

Taiwan Semiconductor Manufacturing Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 10th. Stockholders of record on Tuesday, March 18th will be given a dividend of $0.5484 per share. The ex-dividend date is Tuesday, March 18th. This represents a $2.19 dividend on an annualized basis and a dividend yield of 1.16%. This is an increase from Taiwan Semiconductor Manufacturing's previous quarterly dividend of $0.49. Taiwan Semiconductor Manufacturing's payout ratio is presently 31.57%.

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.

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