Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) Shares Bought by NEOS Investment Management LLC

NEOS Investment Management LLC lifted its stake in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM - Free Report) by 22.9% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 11,368 shares of the semiconductor company's stock after buying an additional 2,117 shares during the quarter. NEOS Investment Management LLC's holdings in Taiwan Semiconductor Manufacturing were worth $2,245,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of TSM. Van ECK Associates Corp boosted its stake in shares of 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 valued at $3,829,757,000 after purchasing an additional 1,102,166 shares during the period. GQG Partners LLC increased its stake in shares of Taiwan Semiconductor Manufacturing by 11.0% in the fourth quarter. GQG Partners LLC now owns 7,819,269 shares of the semiconductor company's stock worth $1,544,227,000 after buying an additional 777,090 shares during the last quarter. Jennison Associates LLC raised its holdings in Taiwan Semiconductor Manufacturing by 72.9% in the fourth quarter. Jennison Associates LLC now owns 6,949,520 shares of the semiconductor company's stock valued at $1,372,461,000 after acquiring an additional 2,931,209 shares in the last quarter. Janus Henderson Group PLC raised its holdings in Taiwan Semiconductor Manufacturing by 19.9% in the third quarter. Janus Henderson Group PLC now owns 6,485,854 shares of the semiconductor company's stock valued at $1,126,420,000 after acquiring an additional 1,075,425 shares in the last quarter. Finally, Franklin Resources Inc. boosted its stake in Taiwan Semiconductor Manufacturing by 13.2% during the 3rd quarter. Franklin Resources Inc. now owns 6,423,734 shares of the semiconductor company's stock valued at $1,234,706,000 after acquiring an additional 750,515 shares during the last quarter. 16.51% of the stock is owned by institutional investors and hedge funds.

Remove Ads

Taiwan Semiconductor Manufacturing Stock Performance

TSM stock traded up $0.04 during midday trading on Monday, reaching $165.29. The company had a trading volume of 13,282,429 shares, compared to its average volume of 15,291,914. The company has a quick ratio of 2.30, a current ratio of 2.57 and a debt-to-equity ratio of 0.24. The stock has a 50 day moving average price of $192.35 and a 200 day moving average price of $192.71. The firm has a market capitalization of $857.26 billion, a PE ratio of 23.50, a P/E/G ratio of 0.66 and a beta of 1.13. Taiwan Semiconductor Manufacturing Company Limited has a fifty-two week low of $125.78 and a fifty-two week high of $226.40.

Taiwan Semiconductor Manufacturing (NYSE:TSM - Get Free Report) last issued its quarterly earnings data on Thursday, January 16th. The semiconductor company reported $2.24 EPS 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%. Analysts anticipate that Taiwan Semiconductor Manufacturing Company Limited will post 9.2 earnings per share for the current year.

Taiwan Semiconductor Manufacturing Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 10th. Shareholders of record on Thursday, June 12th will be given a $0.6855 dividend. 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. This represents a $2.74 annualized dividend and a yield of 1.66%. Taiwan Semiconductor Manufacturing's dividend payout ratio is 30.68%.

Wall Street Analyst Weigh In

TSM has been the topic of several research analyst reports. Barclays increased their price target on shares of Taiwan Semiconductor Manufacturing from $240.00 to $255.00 and gave the stock an "overweight" rating in a research report on Friday, January 17th. StockNews.com lowered Taiwan Semiconductor Manufacturing from a "buy" rating to a "hold" rating in a research report on Tuesday, January 28th. Finally, Needham & Company LLC reissued a "buy" rating and set a $225.00 price target on shares of Taiwan Semiconductor Manufacturing in a research report on Tuesday, February 18th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price 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.