127,211 Shares in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) Purchased by Fernbridge Capital Management LP

Fernbridge Capital Management LP acquired a new stake in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM - Free Report) during the fourth quarter, according to its most recent filing with the SEC. The fund acquired 127,211 shares of the semiconductor company's stock, valued at approximately $25,123,000. Taiwan Semiconductor Manufacturing accounts for approximately 1.3% of Fernbridge Capital Management LP's investment portfolio, making the stock its 20th biggest holding.

A number of other institutional investors have also added to or reduced their stakes in TSM. FMR LLC boosted its stake in Taiwan Semiconductor Manufacturing by 4.6% during the fourth quarter. FMR LLC now owns 58,547,257 shares of the semiconductor company's stock valued at $11,562,498,000 after buying an additional 2,572,488 shares during the period. Sanders Capital LLC boosted its position in shares of Taiwan Semiconductor Manufacturing by 0.6% during the 4th quarter. Sanders Capital LLC now owns 41,877,457 shares of the semiconductor company's stock valued at $8,270,379,000 after acquiring an additional 231,310 shares during the last quarter. Capital World Investors increased its position in shares of Taiwan Semiconductor Manufacturing by 0.8% in the fourth quarter. Capital World Investors now owns 35,602,400 shares of the semiconductor company's stock worth $7,031,632,000 after purchasing an additional 294,316 shares during the last quarter. Capital International Investors increased its holdings 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 during the last quarter. Finally, Van ECK Associates Corp grew its position in Taiwan Semiconductor Manufacturing by 6.0% in the fourth quarter. Van ECK Associates Corp now owns 19,392,159 shares of the semiconductor company's stock worth $3,829,757,000 after acquiring an additional 1,102,166 shares in the last quarter. Hedge funds and other institutional investors own 16.51% of the company's stock.

Taiwan Semiconductor Manufacturing Trading Up 0.6 %

Taiwan Semiconductor Manufacturing stock traded up $1.05 during trading hours on Tuesday, reaching $164.45. The company had a trading volume of 9,802,955 shares, compared to its average volume of 15,765,208. The firm has a market cap of $852.91 billion, a price-to-earnings ratio of 23.36, a P/E/G ratio of 0.66 and a beta of 1.16. Taiwan Semiconductor Manufacturing Company Limited has a 12-month low of $133.21 and a 12-month high of $226.40. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.57 and a quick ratio of 2.30. The company has a 50-day moving average price of $168.34 and a 200 day moving average price of $189.00.

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

Taiwan Semiconductor Manufacturing Increases Dividend

The firm also recently declared 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 is Thursday, June 12th. This represents a $2.74 dividend on an annualized basis and a yield of 1.67%. Taiwan Semiconductor Manufacturing's dividend payout ratio is presently 27.76%.

Analyst Ratings Changes

A number of research firms have weighed in on TSM. StockNews.com downgraded Taiwan Semiconductor Manufacturing from a "buy" rating to a "hold" rating in a research report on Tuesday, January 28th. Barclays restated a "hold" rating on shares of Taiwan Semiconductor Manufacturing in a research report on Friday. Needham & Company LLC reaffirmed a "buy" rating and issued a $225.00 target price on shares of Taiwan Semiconductor Manufacturing in a research note on Thursday, April 17th. Finally, Susquehanna reissued a "positive" rating on shares of Taiwan Semiconductor Manufacturing in a research note on Friday. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $212.00.

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.