Sustainable Growth Advisers LP Acquires 13,786 Shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Sustainable Growth Advisers LP increased its position in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM - Free Report) by 5.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 255,844 shares of the semiconductor company's stock after purchasing an additional 13,786 shares during the period. Sustainable Growth Advisers LP's holdings in Taiwan Semiconductor Manufacturing were worth $50,527,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of TSM. Apollon Wealth Management LLC grew its position in Taiwan Semiconductor Manufacturing by 12.2% in the third quarter. Apollon Wealth Management LLC now owns 14,010 shares of the semiconductor company's stock valued at $2,433,000 after acquiring an additional 1,524 shares during the period. Harbour Investments Inc. grew its position in Taiwan Semiconductor Manufacturing by 8.8% in the third quarter. Harbour Investments Inc. now owns 9,394 shares of the semiconductor company's stock valued at $1,631,000 after acquiring an additional 761 shares during the period. GSA Capital Partners LLP grew its position in Taiwan Semiconductor Manufacturing by 371.0% in the third quarter. GSA Capital Partners LLP now owns 8,582 shares of the semiconductor company's stock valued at $1,490,000 after acquiring an additional 6,760 shares during the period. Ashton Thomas Private Wealth LLC grew its position in Taiwan Semiconductor Manufacturing by 223.0% in the third quarter. Ashton Thomas Private Wealth LLC now owns 3,925 shares of the semiconductor company's stock valued at $682,000 after acquiring an additional 2,710 shares during the period. Finally, First Heartland Consultants Inc. bought a new stake in Taiwan Semiconductor Manufacturing in the third quarter valued at $206,000. 16.51% of the stock is currently owned by institutional investors.

Taiwan Semiconductor Manufacturing Trading Down 3.3 %

Shares of TSM opened at $171.35 on Friday. 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 12-month low of $125.78 and a 12-month high of $226.40. The firm has a market capitalization of $888.67 billion, a PE ratio of 24.34, a price-to-earnings-growth ratio of 0.66 and a beta of 1.13. The stock's fifty day simple moving average is $199.91 and its 200-day simple moving average is $191.68.

Remove Ads

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 (EPS) for the quarter, beating 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%. As a group, research analysts predict that Taiwan Semiconductor Manufacturing Company Limited will post 9.2 earnings per share for the current year.

Taiwan Semiconductor Manufacturing Increases Dividend

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

Analyst Upgrades and Downgrades

TSM has been the topic of a number of recent analyst reports. Needham & Company LLC reissued a "buy" rating and issued a $225.00 price objective on shares of Taiwan Semiconductor Manufacturing in a research note on Tuesday, February 18th. StockNews.com lowered Taiwan Semiconductor Manufacturing from a "buy" rating to a "hold" rating in a research note on Tuesday, January 28th. Finally, Barclays boosted their price objective on Taiwan Semiconductor Manufacturing from $240.00 to $255.00 and gave the stock an "overweight" rating in a research note on Friday, January 17th. Two equities 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.com, Taiwan Semiconductor Manufacturing 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.