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

Crescent Park Management L.P. lifted its position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM - Free Report) by 40.8% in the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 12,079 shares of the semiconductor company's stock after acquiring an additional 3,501 shares during the period. Taiwan Semiconductor Manufacturing accounts for about 0.9% of Crescent Park Management L.P.'s investment portfolio, making the stock its 19th largest 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.

A number of other institutional investors and hedge funds also recently made changes to their positions in TSM. Kestra Investment Management LLC purchased a new stake in Taiwan Semiconductor Manufacturing in the third quarter worth about $212,000. Benjamin Edwards Inc. grew its stake in shares of Taiwan Semiconductor Manufacturing by 258.5% in the 3rd quarter. Benjamin Edwards Inc. now owns 17,606 shares of the semiconductor company's stock worth $3,059,000 after buying an additional 12,695 shares during the last quarter. Ascent Group LLC increased its position in Taiwan Semiconductor Manufacturing by 2.5% during the 3rd quarter. Ascent Group LLC now owns 5,116 shares of the semiconductor company's stock valued at $888,000 after buying an additional 123 shares in the last quarter. Hilltop Holdings Inc. raised its stake in Taiwan Semiconductor Manufacturing by 83.6% during the third quarter. Hilltop Holdings Inc. now owns 12,250 shares of the semiconductor company's stock valued at $2,127,000 after buying an additional 5,579 shares during the last quarter. Finally, HighVista Strategies LLC bought a new stake in Taiwan Semiconductor Manufacturing in the third quarter worth $1,789,000. Hedge funds and other institutional investors own 16.51% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on TSM. Barclays raised their price target on Taiwan Semiconductor Manufacturing from $240.00 to $255.00 and gave the company an "overweight" rating in a report on Friday, January 17th. Needham & Company LLC restated a "buy" rating and set a $225.00 price objective on shares of Taiwan Semiconductor Manufacturing in a research note on Tuesday, February 18th. 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 assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $220.00.

Taiwan Semiconductor Manufacturing Stock Performance

NYSE:TSM traded down $10.50 during trading hours on Friday, reaching $146.88. The company had a trading volume of 36,009,450 shares, compared to its average volume of 15,473,070. The firm has a market cap of $761.76 billion, a price-to-earnings ratio of 20.86, a PEG ratio of 0.66 and a beta of 1.16. 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 firm's 50 day moving average price is $186.54 and its 200-day moving average price is $192.26. Taiwan Semiconductor Manufacturing Company Limited has a 52 week low of $125.78 and a 52 week high of $226.40.

Taiwan Semiconductor Manufacturing (NYSE:TSM - Get Free Report) last posted its quarterly earnings data on Thursday, January 16th. The semiconductor company reported $2.24 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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, analysts forecast that Taiwan Semiconductor Manufacturing Company Limited will post 9.2 EPS for the current year.

Taiwan Semiconductor Manufacturing Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 10th. Stockholders of record on Thursday, June 12th will be given a dividend of $0.6855 per share. This is an increase from Taiwan Semiconductor Manufacturing's previous quarterly dividend of $0.55. The ex-dividend date is Thursday, June 12th. This represents a $2.74 dividend on an annualized basis and a dividend yield of 1.87%. Taiwan Semiconductor Manufacturing's payout ratio is presently 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.