Capital World Investors Raises Stake in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Capital World Investors raised its holdings in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM - Free Report) by 0.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 35,602,400 shares of the semiconductor company's stock after purchasing an additional 294,316 shares during the period. Taiwan Semiconductor Manufacturing accounts for about 1.1% of Capital World Investors' holdings, making the stock its 17th largest holding. Capital World Investors owned about 0.69% of Taiwan Semiconductor Manufacturing worth $7,031,632,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Jennison Associates LLC boosted its stake 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 acquiring an additional 2,931,209 shares during the last quarter. FMR LLC grew its position in shares of Taiwan Semiconductor Manufacturing by 4.6% during the fourth quarter. FMR LLC now owns 58,547,257 shares of the semiconductor company's stock worth $11,562,498,000 after purchasing an additional 2,572,488 shares in the last quarter. Franklin Resources Inc. boosted its holdings in shares of Taiwan Semiconductor Manufacturing by 32.3% during the 4th quarter. Franklin Resources Inc. now owns 8,498,063 shares of the semiconductor company's stock valued at $1,678,283,000 after purchasing an additional 2,074,329 shares during the last quarter. Alphinity Investment Management Pty Ltd bought a new stake in Taiwan Semiconductor Manufacturing in the fourth quarter worth $349,241,000. Finally, Capital International Investors grew its stake in shares of Taiwan Semiconductor Manufacturing by 8.2% in the 4th quarter. Capital International Investors now owns 22,210,222 shares of the semiconductor company's stock worth $4,391,957,000 after buying an additional 1,683,256 shares in the last quarter. Hedge funds and other institutional investors own 16.51% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on TSM shares. Susquehanna decreased their price objective on shares of Taiwan Semiconductor Manufacturing from $265.00 to $250.00 and set a "positive" rating for the company in a research note on Thursday, April 17th. Needham & Company LLC reiterated a "buy" rating and set a $225.00 target price on shares of Taiwan Semiconductor Manufacturing in a report on Thursday, April 17th. Barclays reduced their price target on shares of Taiwan Semiconductor Manufacturing from $255.00 to $215.00 and set an "overweight" rating for the company in a report on Monday. Finally, StockNews.com downgraded shares of Taiwan Semiconductor Manufacturing from a "buy" rating to a "hold" rating in a research note on Tuesday, January 28th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, Taiwan Semiconductor Manufacturing currently has an average rating of "Moderate Buy" and a consensus price target of $212.00.

Taiwan Semiconductor Manufacturing Stock Performance

Taiwan Semiconductor Manufacturing stock traded up $6.60 during mid-day trading on Wednesday, hitting $158.00. The company had a trading volume of 12,311,959 shares, compared to its average volume of 15,726,193. The company has a current ratio of 2.57, a quick ratio of 2.30 and a debt-to-equity ratio of 0.24. The company's fifty day moving average is $171.56 and its 200-day moving average is $189.66. Taiwan Semiconductor Manufacturing Company Limited has a 12-month low of $128.86 and a 12-month high of $226.40. The company has a market capitalization of $819.45 billion, a price-to-earnings ratio of 22.44, a P/E/G ratio of 0.66 and a beta of 1.16.

Taiwan Semiconductor Manufacturing (NYSE:TSM - Get Free Report) last released its quarterly earnings results on Thursday, April 17th. The semiconductor company reported $2.12 earnings per share for the quarter, topping analysts' consensus estimates of $2.03 by $0.09. Taiwan Semiconductor Manufacturing had a return on equity of 30.47% and a net margin of 40.51%. The company had revenue of $25.82 billion during the quarter, compared to analysts' expectations of $834.10 billion. Equities research analysts predict that Taiwan Semiconductor Manufacturing Company Limited will post 9.2 EPS for the current year.

Taiwan Semiconductor Manufacturing Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 10th. Investors of record on Thursday, June 12th will be given a dividend of $0.6855 per share. This represents a $2.74 annualized dividend and a dividend yield of 1.74%. 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. Taiwan Semiconductor Manufacturing's payout ratio is presently 27.76%.

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.