Sage Mountain Advisors LLC Raises Stock Position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Sage Mountain Advisors LLC grew its stake in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM - Free Report) by 67.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 4,972 shares of the semiconductor company's stock after purchasing an additional 2,006 shares during the period. Sage Mountain Advisors LLC's holdings in Taiwan Semiconductor Manufacturing were worth $982,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of TSM. FMR LLC grew its stake in shares of Taiwan Semiconductor Manufacturing by 7.2% in the 3rd quarter. FMR LLC now owns 55,974,769 shares of the semiconductor company's stock valued at $9,721,138,000 after purchasing an additional 3,783,802 shares during the period. Jennison Associates LLC grew its position in Taiwan Semiconductor Manufacturing by 72.9% during the 4th quarter. Jennison Associates LLC now owns 6,949,520 shares of the semiconductor company's stock worth $1,372,461,000 after acquiring an additional 2,931,209 shares during the last quarter. Alphinity Investment Management Pty Ltd bought a new stake in Taiwan Semiconductor Manufacturing during the 4th quarter worth approximately $349,241,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in Taiwan Semiconductor Manufacturing by 799.2% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,899,088 shares of the semiconductor company's stock worth $329,815,000 after acquiring an additional 1,687,886 shares during the last quarter. Finally, Public Employees Retirement System of Ohio bought a new stake in Taiwan Semiconductor Manufacturing during the 3rd quarter worth approximately $229,098,000. 16.51% of the stock is currently owned by institutional investors.

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Taiwan Semiconductor Manufacturing Stock Up 0.4 %

Shares of NYSE TSM traded up $0.65 during mid-day trading on Tuesday, hitting $171.30. The company had a trading volume of 14,767,754 shares, compared to its average volume of 18,315,803. The company has a market capitalization of $888.45 billion, a PE ratio of 24.33, a price-to-earnings-growth ratio of 0.66 and a beta of 1.13. The firm has a 50-day simple moving average of $200.93 and a two-hundred day simple moving average of $191.93. The company has a current ratio of 2.57, a quick ratio of 2.30 and a debt-to-equity ratio of 0.24. Taiwan Semiconductor Manufacturing Company Limited has a one year low of $125.78 and a one year high of $226.40.

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, beating the consensus estimate of $2.16 by $0.08. Taiwan Semiconductor Manufacturing had a net margin of 40.51% and a return on equity of 30.47%. On average, equities analysts expect that Taiwan Semiconductor Manufacturing Company Limited will post 9.2 EPS for the current year.

Taiwan Semiconductor Manufacturing Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 10th. Shareholders of record on Thursday, June 12th will be given a dividend of $0.6855 per share. The ex-dividend date of this dividend is Thursday, June 12th. This is an increase from Taiwan Semiconductor Manufacturing's previous quarterly dividend of $0.55. This represents a $2.74 annualized dividend and a yield of 1.60%. Taiwan Semiconductor Manufacturing's dividend payout ratio (DPR) is 30.68%.

Wall Street Analyst Weigh In

A number of research firms recently commented on TSM. StockNews.com lowered Taiwan Semiconductor Manufacturing from a "buy" rating to a "hold" rating in a research report on Tuesday, January 28th. Barclays increased their price target on Taiwan Semiconductor Manufacturing from $240.00 to $255.00 and gave the stock an "overweight" rating in a research report on Friday, January 17th. Finally, Needham & Company LLC restated 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 issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $220.00.

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.