Crescent Park Management L.P. Buys 3,501 Shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Crescent Park Management L.P. grew its stake in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM - Free Report) by 40.8% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 12,079 shares of the semiconductor company's stock after purchasing an additional 3,501 shares during the quarter. Taiwan Semiconductor Manufacturing makes up approximately 0.9% of Crescent Park Management L.P.'s holdings, making the stock its 19th biggest holding. Crescent Park Management L.P.'s holdings in Taiwan Semiconductor Manufacturing were worth $2,385,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Ardmore Road Asset Management LP acquired a new stake in Taiwan Semiconductor Manufacturing during the fourth quarter worth about $27,649,000. Huntington National Bank lifted its holdings in Taiwan Semiconductor Manufacturing by 4.7% in the fourth quarter. Huntington National Bank now owns 14,757 shares of the semiconductor company's stock worth $2,914,000 after purchasing an additional 665 shares during the period. Trexquant Investment LP bought a new position in Taiwan Semiconductor Manufacturing in the 4th quarter valued at about $7,299,000. May Hill Capital LLC bought a new stake in Taiwan Semiconductor Manufacturing during the fourth quarter worth approximately $1,119,000. Finally, Boston Family Office LLC boosted its stake in Taiwan Semiconductor Manufacturing by 13.4% during the 4th quarter. Boston Family Office LLC now owns 3,855 shares of the semiconductor company's stock valued at $761,000 after purchasing an additional 456 shares in the last quarter. 16.51% of the stock is owned by institutional investors.

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Taiwan Semiconductor Manufacturing Stock Performance

Taiwan Semiconductor Manufacturing stock traded up $1.84 during mid-day trading on Wednesday, reaching $170.48. The company had a trading volume of 9,777,639 shares, compared to its average volume of 15,288,434. The company has a quick ratio of 2.30, a current ratio of 2.57 and a debt-to-equity ratio of 0.24. The company has a 50 day moving average of $189.38 and a 200-day moving average of $192.49. Taiwan Semiconductor Manufacturing Company Limited has a 52 week low of $125.78 and a 52 week high of $226.40. The firm has a market cap of $884.18 billion, a price-to-earnings ratio of 24.22, a PEG ratio of 0.66 and a beta of 1.16.

Taiwan Semiconductor Manufacturing (NYSE:TSM - Get Free Report) last posted its quarterly earnings results on Thursday, January 16th. The semiconductor company reported $2.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.16 by $0.08. Taiwan Semiconductor Manufacturing had a net margin of 40.51% and a return on equity of 30.47%. On average, sell-side analysts expect that Taiwan Semiconductor Manufacturing Company Limited will post 9.2 EPS for the current fiscal year.

Taiwan Semiconductor Manufacturing Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 10th. Stockholders of record on Thursday, June 12th will be issued a $0.6855 dividend. This is an increase from Taiwan Semiconductor Manufacturing's previous quarterly dividend of $0.55. This represents a $2.74 annualized dividend and a dividend yield of 1.61%. The ex-dividend date is Thursday, June 12th. Taiwan Semiconductor Manufacturing's payout ratio is presently 30.68%.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the company. Needham & Company LLC restated a "buy" rating and issued a $225.00 target price on shares of Taiwan Semiconductor Manufacturing in a report on Tuesday, February 18th. Barclays raised their price target on shares of Taiwan Semiconductor Manufacturing from $240.00 to $255.00 and gave the stock an "overweight" rating in a report on Friday, January 17th. 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 research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $220.00.

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.