Franklin Resources Inc. Buys 2,074,329 Shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Franklin Resources Inc. lifted its holdings in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM - Free Report) by 32.3% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 8,498,063 shares of the semiconductor company's stock after purchasing an additional 2,074,329 shares during the quarter. Franklin Resources Inc. owned 0.16% of Taiwan Semiconductor Manufacturing worth $1,678,283,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the business. Family Legacy Inc. grew its stake in shares of Taiwan Semiconductor Manufacturing by 0.4% in the 4th quarter. Family Legacy Inc. now owns 29,554 shares of the semiconductor company's stock worth $6,121,000 after buying an additional 108 shares in the last quarter. Summit Financial LLC increased its stake in Taiwan Semiconductor Manufacturing by 34.4% during the fourth quarter. Summit Financial LLC now owns 37,582 shares of the semiconductor company's stock worth $7,440,000 after acquiring an additional 9,612 shares during the last quarter. Hoey Investments Inc. increased its stake in Taiwan Semiconductor Manufacturing by 328.8% during the fourth quarter. Hoey Investments Inc. now owns 1,758 shares of the semiconductor company's stock worth $347,000 after acquiring an additional 1,348 shares during the last quarter. Alliancebernstein L.P. raised its position in Taiwan Semiconductor Manufacturing by 23.4% during the fourth quarter. Alliancebernstein L.P. now owns 6,742,256 shares of the semiconductor company's stock valued at $1,331,528,000 after purchasing an additional 1,276,793 shares during the period. Finally, Axiom Investors LLC DE lifted its stake in shares of Taiwan Semiconductor Manufacturing by 14.3% in the 4th quarter. Axiom Investors LLC DE now owns 2,409,125 shares of the semiconductor company's stock valued at $475,778,000 after purchasing an additional 301,735 shares during the last quarter. Institutional investors own 16.51% of the company's stock.

Taiwan Semiconductor Manufacturing Trading Down 6.5 %

TSM stock traded down $11.12 during trading on Thursday, hitting $159.27. The company had a trading volume of 15,779,768 shares, compared to its average volume of 16,804,586. Taiwan Semiconductor Manufacturing Company Limited has a 52-week low of $125.78 and a 52-week high of $226.40. The company has a 50 day simple moving average of $189.38 and a 200-day simple moving average of $192.49. The firm has a market capitalization of $826.04 billion, a P/E ratio of 22.62, a PEG ratio of 0.66 and a beta of 1.16. The company has a quick ratio of 2.30, a current ratio of 2.57 and a debt-to-equity ratio of 0.24.

Taiwan Semiconductor Manufacturing (NYSE:TSM - Get Free Report) last announced its quarterly earnings results on Thursday, January 16th. The semiconductor company reported $2.24 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.16 by $0.08. Taiwan Semiconductor Manufacturing had a return on equity of 30.47% and a net margin of 40.51%. As a group, research analysts forecast that Taiwan Semiconductor Manufacturing Company Limited will post 9.2 earnings per share 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. Shareholders of record on Thursday, June 12th will be issued a dividend of $0.6855 per share. This represents a $2.74 annualized dividend and a yield of 1.72%. 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 dividend payout ratio is presently 30.68%.

Analysts Set New Price Targets

Several analysts recently weighed in on TSM shares. Barclays increased 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 issued a $225.00 target price on shares of Taiwan Semiconductor Manufacturing in a report on Tuesday, February 18th. Finally, StockNews.com cut shares of Taiwan Semiconductor Manufacturing from a "buy" rating to a "hold" rating in a research note on Tuesday, January 28th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $220.00.

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.