Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) Shares Bought by Cantillon Capital Management LLC

Cantillon Capital Management LLC grew its position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM - Free Report) by 0.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,011,664 shares of the semiconductor company's stock after purchasing an additional 15,977 shares during the quarter. Taiwan Semiconductor Manufacturing makes up 3.6% of Cantillon Capital Management LLC's investment portfolio, making the stock its 8th largest position. Cantillon Capital Management LLC owned approximately 0.06% of Taiwan Semiconductor Manufacturing worth $594,774,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Stonebridge Financial Group LLC acquired a new stake in shares of Taiwan Semiconductor Manufacturing in the 4th quarter valued at $25,000. Reston Wealth Management LLC acquired a new stake in shares of Taiwan Semiconductor Manufacturing in the 3rd quarter valued at $25,000. Roxbury Financial LLC acquired a new stake in Taiwan Semiconductor Manufacturing during the 4th quarter worth $29,000. Archer Investment Corp raised its stake in Taiwan Semiconductor Manufacturing by 48.1% during the 3rd quarter. Archer Investment Corp now owns 191 shares of the semiconductor company's stock worth $33,000 after acquiring an additional 62 shares in the last quarter. Finally, Endeavor Private Wealth Inc. acquired a new stake in Taiwan Semiconductor Manufacturing during the 4th quarter worth $40,000. 16.51% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

TSM has been the topic of several research analyst reports. Needham & Company LLC reiterated a "buy" rating and set a $225.00 price target on shares of Taiwan Semiconductor Manufacturing in a research note on Tuesday, February 18th. Barclays lifted their price target on shares of Taiwan Semiconductor Manufacturing from $240.00 to $255.00 and gave the stock an "overweight" rating in a research note on Friday, January 17th. Finally, StockNews.com lowered shares of Taiwan Semiconductor Manufacturing from a "buy" rating to a "hold" rating in a research note on Tuesday, January 28th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Taiwan Semiconductor Manufacturing presently has a consensus rating of "Moderate Buy" and an average target price of $220.00.

Taiwan Semiconductor Manufacturing Stock Performance

Taiwan Semiconductor Manufacturing stock traded down $1.00 during midday trading on Friday, hitting $180.10. 27,895,144 shares of the company's stock were exchanged, compared to its average volume of 17,601,268. 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 debt-to-equity ratio of 0.24, a quick ratio of 2.30 and a current ratio of 2.57. The stock 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 firm's 50 day simple moving average is $204.74 and its 200 day simple moving average is $191.59.

Taiwan Semiconductor Manufacturing (NYSE:TSM - Get Free Report) last issued its quarterly earnings data 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 net margin of 40.51% and a return on equity of 30.47%. 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 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 is an increase from Taiwan Semiconductor Manufacturing's previous quarterly dividend of $0.55. The ex-dividend date is Thursday, June 12th. This represents a $2.74 annualized dividend and a dividend yield of 1.52%. Taiwan Semiconductor Manufacturing's payout ratio is presently 31.11%.

Taiwan Semiconductor Manufacturing Company 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.