Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) Shares Acquired by Pinpoint Asset Management Ltd

Pinpoint Asset Management Ltd boosted its position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM - Free Report) by 240.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 99,617 shares of the semiconductor company's stock after acquiring an additional 70,389 shares during the period. Taiwan Semiconductor Manufacturing accounts for 3.6% of Pinpoint Asset Management Ltd's portfolio, making the stock its 9th largest position. Pinpoint Asset Management Ltd's holdings in Taiwan Semiconductor Manufacturing were worth $19,673,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Jennison Associates LLC lifted its stake 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 valued at $1,372,461,000 after purchasing an additional 2,931,209 shares during the period. Franklin Resources Inc. lifted its stake in Taiwan Semiconductor Manufacturing by 32.3% in the fourth quarter. Franklin Resources Inc. now owns 8,498,063 shares of the semiconductor company's stock valued at $1,678,283,000 after buying an additional 2,074,329 shares during the period. Alphinity Investment Management Pty Ltd bought a new position in Taiwan Semiconductor Manufacturing during the fourth quarter worth about $349,241,000. Public Employees Retirement System of Ohio bought a new position in Taiwan Semiconductor Manufacturing during the third quarter worth about $229,098,000. Finally, Alliancebernstein L.P. grew its position in shares of Taiwan Semiconductor Manufacturing by 23.4% during the 4th quarter. Alliancebernstein L.P. now owns 6,742,256 shares of the semiconductor company's stock worth $1,331,528,000 after buying an additional 1,276,793 shares during the period. 16.51% of the stock is currently owned by institutional investors and hedge funds.

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Wall Street Analyst Weigh In

Several research analysts recently weighed in on TSM shares. Needham & Company LLC reissued a "buy" rating and set a $225.00 price objective on shares of Taiwan Semiconductor Manufacturing in a research note on Tuesday, February 18th. StockNews.com cut shares of Taiwan Semiconductor Manufacturing from a "buy" rating to a "hold" rating in a research report on Tuesday, January 28th. Finally, Barclays upped their price objective 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. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat, Taiwan Semiconductor Manufacturing presently has an average rating of "Moderate Buy" and a consensus price target of $220.00.

Taiwan Semiconductor Manufacturing Stock Down 6.7 %

TSM traded down $10.50 during trading on Friday, reaching $146.88. The company had a trading volume of 36,009,450 shares, compared to its average volume of 15,444,363. The company has a market cap of $761.76 billion, a P/E ratio of 20.86, a PEG ratio of 0.66 and a beta of 1.16. 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 current ratio of 2.57 and a quick ratio of 2.30. The business's fifty day moving average price is $186.54 and its 200 day moving average price is $192.09.

Taiwan Semiconductor Manufacturing (NYSE:TSM - Get Free Report) last posted its quarterly earnings data on Thursday, January 16th. The semiconductor company reported $2.24 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%. Equities analysts anticipate 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. Investors of record on Thursday, June 12th will be issued 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 dividend on an annualized basis and a dividend yield of 1.87%. Taiwan Semiconductor Manufacturing's dividend payout ratio (DPR) is presently 30.68%.

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.