9,750 Shares in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) Purchased by Nutshell Asset Management Ltd

Nutshell Asset Management Ltd bought a new stake in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 9,750 shares of the semiconductor company's stock, valued at approximately $1,926,000. Taiwan Semiconductor Manufacturing makes up about 1.2% of Nutshell Asset Management Ltd's investment portfolio, making the stock its 24th largest position.

Several other large investors have also recently made changes to their positions in the business. Morse Asset Management Inc increased its holdings in Taiwan Semiconductor Manufacturing by 120.7% in the 3rd quarter. Morse Asset Management Inc now owns 17,703 shares of the semiconductor company's stock worth $3,074,000 after buying an additional 9,683 shares in the last quarter. Quantinno Capital Management LP grew its position in Taiwan Semiconductor Manufacturing by 35.3% in the 3rd quarter. Quantinno Capital Management LP now owns 51,399 shares of the semiconductor company's stock worth $8,927,000 after purchasing an additional 13,413 shares during the period. Stifel Financial Corp raised its stake in Taiwan Semiconductor Manufacturing by 7.1% during the 3rd quarter. Stifel Financial Corp now owns 923,845 shares of the semiconductor company's stock valued at $160,445,000 after buying an additional 61,609 shares during the last quarter. Texas Capital Bank Wealth Management Services Inc bought a new position in shares of Taiwan Semiconductor Manufacturing during the 3rd quarter valued at $1,758,000. Finally, Two Sigma Advisers LP increased its position in Taiwan Semiconductor Manufacturing by 1,391.8% during the third quarter. Two Sigma Advisers LP now owns 164,100 shares of the semiconductor company's stock valued at $28,499,000 after acquiring an additional 153,100 shares during the last quarter. 16.51% of the stock is currently owned by hedge funds and other institutional investors.

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Wall Street Analyst Weigh In

TSM has been the subject of several research reports. Needham & Company LLC reaffirmed a "buy" rating and set a $225.00 price target on shares of Taiwan Semiconductor Manufacturing in a research report on Tuesday, February 18th. Barclays boosted their price objective on shares of Taiwan Semiconductor Manufacturing from $240.00 to $255.00 and gave the company an "overweight" rating in a research report on Friday, January 17th. Finally, StockNews.com cut Taiwan Semiconductor Manufacturing from a "buy" rating to a "hold" rating in a report on Tuesday, January 28th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, Taiwan Semiconductor Manufacturing presently has an average rating of "Moderate Buy" and a consensus target price of $220.00.

Taiwan Semiconductor Manufacturing Price Performance

TSM traded down $10.50 during trading on Friday, reaching $146.88. 36,009,450 shares of the company traded hands, compared to its average volume of 15,473,070. The company has a debt-to-equity ratio of 0.24, a quick ratio of 2.30 and a current ratio of 2.57. The firm has a fifty day simple moving average of $186.54 and a 200 day simple moving average of $192.44. Taiwan Semiconductor Manufacturing Company Limited has a 12-month low of $125.78 and a 12-month high of $226.40. The company has a market cap of $761.76 billion, a P/E ratio of 20.86, a PEG ratio of 0.66 and a beta of 1.16.

Taiwan Semiconductor Manufacturing (NYSE:TSM - Get Free Report) last issued its earnings results on Thursday, January 16th. The semiconductor company reported $2.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.16 by $0.08. Taiwan Semiconductor Manufacturing had a return on equity of 30.47% and a net margin of 40.51%. On average, equities analysts forecast that Taiwan Semiconductor Manufacturing Company Limited will post 9.2 EPS 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. Investors of record on Thursday, June 12th will be paid a dividend of $0.6855 per share. This is an increase 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 dividend on an annualized basis and a yield of 1.87%. Taiwan Semiconductor Manufacturing's dividend payout ratio is presently 30.68%.

Taiwan Semiconductor Manufacturing 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.