Legal & General Group Plc Has $276.39 Million Stock Holdings in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Legal & General Group Plc lessened its position in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM - Free Report) by 35.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,398,829 shares of the semiconductor company's stock after selling 758,483 shares during the period. Legal & General Group Plc's holdings in Taiwan Semiconductor Manufacturing were worth $276,388,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Mount Yale Investment Advisors LLC increased its holdings in shares of Taiwan Semiconductor Manufacturing by 4.3% during the fourth quarter. Mount Yale Investment Advisors LLC now owns 35,709 shares of the semiconductor company's stock worth $7,052,000 after purchasing an additional 1,476 shares during the period. McHugh Group LLC bought a new position in Taiwan Semiconductor Manufacturing during the 4th quarter worth $605,000. OLD National Bancorp IN increased its stake in Taiwan Semiconductor Manufacturing by 2.1% during the 4th quarter. OLD National Bancorp IN now owns 113,205 shares of the semiconductor company's stock worth $22,357,000 after acquiring an additional 2,368 shares during the period. Guardian Partners Inc. acquired a new position in Taiwan Semiconductor Manufacturing in the 4th quarter valued at $9,222,000. Finally, Hardman Johnston Global Advisors LLC lifted its position in shares of Taiwan Semiconductor Manufacturing by 7.6% during the 4th quarter. Hardman Johnston Global Advisors LLC now owns 381,432 shares of the semiconductor company's stock valued at $75,329,000 after acquiring an additional 26,847 shares during the period. Institutional investors and hedge funds own 16.51% of the company's stock.

Analysts Set New Price Targets

A number of research firms recently commented on TSM. Barclays boosted their price target on Taiwan Semiconductor Manufacturing from $240.00 to $255.00 and gave the company an "overweight" rating in a research note on Friday, January 17th. StockNews.com lowered Taiwan Semiconductor Manufacturing from a "buy" rating to a "hold" rating in a research note on Tuesday, January 28th. Finally, Needham & Company LLC reissued a "buy" rating and issued a $225.00 target price on shares of Taiwan Semiconductor Manufacturing in a report on Tuesday, February 18th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to MarketBeat, Taiwan Semiconductor Manufacturing presently has an average rating of "Moderate Buy" and a consensus price target of $220.00.

Taiwan Semiconductor Manufacturing Trading Up 3.8 %

Shares of NYSE:TSM traded up $5.71 during trading on Friday, reaching $156.84. The stock had a trading volume of 19,602,894 shares, compared to its average volume of 15,828,333. Taiwan Semiconductor Manufacturing Company Limited has a 52 week low of $125.78 and a 52 week high of $226.40. The firm's fifty day moving average is $179.21 and its 200 day moving average is $190.93. The stock has a market cap of $813.44 billion, a price-to-earnings ratio of 22.28, a P/E/G ratio of 0.66 and a beta of 1.16. The company has a debt-to-equity ratio of 0.24, a quick ratio of 2.30 and a current ratio of 2.57.

Taiwan Semiconductor Manufacturing (NYSE:TSM - Get Free Report) last issued its quarterly earnings results on Thursday, January 16th. The semiconductor company reported $2.24 earnings per share for the quarter, topping 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, equities analysts forecast 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 declared 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 dividend on an annualized basis and a dividend yield of 1.75%. 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%.

About Taiwan Semiconductor Manufacturing

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.