Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) is Lord Abbett & CO. LLC's 7th Largest Position

Lord Abbett & CO. LLC lessened its holdings in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM - Free Report) by 12.3% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,087,775 shares of the semiconductor company's stock after selling 292,378 shares during the period. Taiwan Semiconductor Manufacturing makes up approximately 1.1% of Lord Abbett & CO. LLC's portfolio, making the stock its 7th biggest holding. Lord Abbett & CO. LLC's holdings in Taiwan Semiconductor Manufacturing were worth $362,584,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Miracle Mile Advisors LLC lifted its position in shares of Taiwan Semiconductor Manufacturing by 58.8% during the 2nd quarter. Miracle Mile Advisors LLC now owns 2,653 shares of the semiconductor company's stock valued at $461,000 after acquiring an additional 982 shares during the period. Brookstone Capital Management increased its stake in Taiwan Semiconductor Manufacturing by 14.8% in the 2nd quarter. Brookstone Capital Management now owns 8,538 shares of the semiconductor company's stock valued at $1,462,000 after purchasing an additional 1,102 shares in the last quarter. Gradient Investments LLC raised its holdings in Taiwan Semiconductor Manufacturing by 2.7% during the second quarter. Gradient Investments LLC now owns 3,551 shares of the semiconductor company's stock worth $617,000 after purchasing an additional 95 shares during the last quarter. Everpar Advisors LLC purchased a new stake in Taiwan Semiconductor Manufacturing during the second quarter worth $285,000. Finally, NEW THINKING HONG KONG INVESTMENT MANAGEMENT CO. Ltd acquired a new stake in Taiwan Semiconductor Manufacturing in the second quarter valued at $7,839,000. Hedge funds and other institutional investors own 16.51% of the company's stock.

Taiwan Semiconductor Manufacturing Trading Up 5.0 %

Shares of NYSE TSM traded up $9.53 during midday trading on Friday, reaching $200.99. 19,476,980 shares of the stock were exchanged, compared to its average volume of 15,145,534. 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 company has a market capitalization of $1.04 trillion, a P/E ratio of 32.21, a P/E/G ratio of 0.90 and a beta of 1.09. The stock has a 50 day moving average price of $193.04 and a 200-day moving average price of $178.12. Taiwan Semiconductor Manufacturing Company Limited has a 52-week low of $98.80 and a 52-week high of $212.60.

Taiwan Semiconductor Manufacturing (NYSE:TSM - Get Free Report) last released its earnings results on Thursday, October 17th. The semiconductor company reported $1.94 EPS for the quarter, topping the consensus estimate of $1.74 by $0.20. Taiwan Semiconductor Manufacturing had a net margin of 39.10% and a return on equity of 27.44%. The firm had revenue of $23.50 billion during the quarter, compared to analysts' expectations of $22.72 billion. Equities research analysts expect that Taiwan Semiconductor Manufacturing Company Limited will post 6.97 earnings per share for the current fiscal year.

Taiwan Semiconductor Manufacturing Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 10th. Shareholders of record on Tuesday, March 18th will be paid a $0.5484 dividend. This represents a $2.19 dividend on an annualized basis and a yield of 1.09%. This is a positive change from Taiwan Semiconductor Manufacturing's previous quarterly dividend of $0.49. The ex-dividend date of this dividend is Tuesday, March 18th. Taiwan Semiconductor Manufacturing's dividend payout ratio (DPR) is presently 31.57%.

Analysts Set New Price Targets

Several equities research analysts recently commented on TSM shares. StockNews.com lowered shares of Taiwan Semiconductor Manufacturing from a "buy" rating to a "hold" rating in a research report on Sunday, November 17th. Barclays upped their price target on shares of Taiwan Semiconductor Manufacturing from $215.00 to $240.00 and gave the company an "overweight" rating in a report on Monday, November 18th. Susquehanna reissued a "buy" rating on shares of Taiwan Semiconductor Manufacturing in a research note on Friday, October 18th. Finally, Needham & Company LLC restated a "buy" rating and set a $210.00 price objective on shares of Taiwan Semiconductor Manufacturing in a research report on Thursday, October 17th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $214.00.

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.