Sherman Asset Management Inc. Takes $946,000 Position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Sherman Asset Management Inc. purchased a new stake in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 4,788 shares of the semiconductor company's stock, valued at approximately $946,000. Taiwan Semiconductor Manufacturing accounts for approximately 0.9% of Sherman Asset Management Inc.'s portfolio, making the stock its 21st largest position.

A number of other large investors also recently bought and sold shares of TSM. FMR LLC grew its stake in shares of Taiwan Semiconductor Manufacturing by 7.2% in the third quarter. FMR LLC now owns 55,974,769 shares of the semiconductor company's stock worth $9,721,138,000 after acquiring an additional 3,783,802 shares during the period. Jennison Associates LLC grew its stake in shares of 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 worth $1,372,461,000 after acquiring an additional 2,931,209 shares during the period. Alphinity Investment Management Pty Ltd bought a new stake in shares of Taiwan Semiconductor Manufacturing in the fourth quarter worth approximately $349,241,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of Taiwan Semiconductor Manufacturing by 799.2% in the third 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 period. Finally, Public Employees Retirement System of Ohio bought a new stake in shares of Taiwan Semiconductor Manufacturing in the third quarter worth approximately $229,098,000. 16.51% of the stock is owned by hedge funds and other institutional investors.

Taiwan Semiconductor Manufacturing Price Performance

NYSE:TSM traded down $1.00 during trading hours on Friday, hitting $180.10. 27,895,144 shares of the stock traded hands, compared to its average volume of 17,601,268. The company has a quick ratio of 2.30, a current ratio of 2.57 and a debt-to-equity ratio of 0.24. Taiwan Semiconductor Manufacturing Company Limited has a 1 year low of $125.78 and a 1 year high of $226.40. The company has a market cap of $934.05 billion, a price-to-earnings ratio of 25.58, a price-to-earnings-growth ratio of 0.66 and a beta of 1.06. The stock has a 50 day moving average price of $204.74 and a 200 day moving average price of $191.59.

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, 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%. Sell-side analysts forecast that Taiwan Semiconductor Manufacturing Company Limited will post 9.2 EPS for the current fiscal year.

Taiwan Semiconductor Manufacturing Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 10th. Stockholders of record on Thursday, June 12th will be issued a $0.6855 dividend. This represents a $2.74 annualized dividend and a dividend yield of 1.52%. 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. Taiwan Semiconductor Manufacturing's payout ratio is 31.11%.

Wall Street Analyst Weigh In

TSM has been the subject of several recent research reports. StockNews.com lowered shares of Taiwan Semiconductor Manufacturing from a "buy" rating to a "hold" rating in a research report on Tuesday, January 28th. Barclays boosted their target price 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, Needham & Company LLC restated a "buy" rating and set a $225.00 target price 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 assigned a buy rating to the company's stock. According to MarketBeat, the company has an average 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.