Crestwood Advisors Group LLC Grows Stock Holdings in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Crestwood Advisors Group LLC raised its position in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM - Free Report) by 46.2% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 4,808 shares of the semiconductor company's stock after purchasing an additional 1,519 shares during the quarter. Crestwood Advisors Group LLC's holdings in Taiwan Semiconductor Manufacturing were worth $950,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the company. FMR LLC boosted its holdings in 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 in the last quarter. Jennison Associates LLC lifted its holdings in shares of Taiwan Semiconductor Manufacturing by 72.9% in the 4th quarter. Jennison Associates LLC now owns 6,949,520 shares of the semiconductor company's stock worth $1,372,461,000 after purchasing an additional 2,931,209 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in Taiwan Semiconductor Manufacturing by 799.2% in 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 valued at $329,815,000 after purchasing an additional 1,687,886 shares during the period. Public Employees Retirement System of Ohio bought a new position in shares of Taiwan Semiconductor Manufacturing in the third quarter valued at $229,098,000. Finally, WCM Investment Management LLC increased its holdings in Taiwan Semiconductor Manufacturing by 14.1% during the 3rd quarter. WCM Investment Management LLC now owns 9,738,181 shares of the semiconductor company's stock worth $1,733,104,000 after purchasing an additional 1,206,359 shares in the last quarter. Institutional investors own 16.51% of the company's stock.

Wall Street Analyst Weigh In

TSM has been the subject of several recent research reports. Needham & Company LLC reiterated a "buy" rating and set a $225.00 price target on shares of Taiwan Semiconductor Manufacturing in a report on Tuesday, February 18th. Barclays raised their price target 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 downgraded shares of Taiwan Semiconductor Manufacturing from a "buy" rating to a "hold" rating in a research report on Tuesday, January 28th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $220.00.

Taiwan Semiconductor Manufacturing Price Performance

Shares of TSM stock traded down $1.00 during trading hours on Friday, reaching $180.10. The stock had a trading volume of 27,895,144 shares, compared to its average volume of 17,601,268. The stock's fifty day simple moving average is $204.74 and its 200 day simple moving average is $191.45. The firm has a market capitalization of $934.05 billion, a PE ratio of 25.58, a PEG ratio of 0.66 and a beta of 1.06. 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 12 month low of $125.78 and a 12 month high of $226.40.

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

Taiwan Semiconductor Manufacturing Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 10th. Stockholders 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 a positive change from Taiwan Semiconductor Manufacturing's previous quarterly dividend of $0.55. This represents a $2.74 annualized dividend and a dividend yield of 1.52%. Taiwan Semiconductor Manufacturing's dividend payout ratio is 31.11%.

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.