CenterBook Partners LP Has $24.06 Million Holdings in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

CenterBook Partners LP boosted its holdings in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM - Free Report) by 16.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 121,824 shares of the semiconductor company's stock after purchasing an additional 16,792 shares during the period. Taiwan Semiconductor Manufacturing comprises about 1.4% of CenterBook Partners LP's portfolio, making the stock its 8th largest holding. CenterBook Partners LP's holdings in Taiwan Semiconductor Manufacturing were worth $24,059,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Stonebridge Financial Group LLC acquired a new stake in shares of Taiwan Semiconductor Manufacturing in the 4th quarter valued at approximately $25,000. IMG Wealth Management Inc. bought a new stake in Taiwan Semiconductor Manufacturing during the fourth quarter worth $26,000. Hopwood Financial Services Inc. acquired a new stake in Taiwan Semiconductor Manufacturing in the fourth quarter valued at $27,000. Roxbury Financial LLC bought a new position in shares of Taiwan Semiconductor Manufacturing in the 4th quarter valued at about $29,000. Finally, Nemes Rush Group LLC increased its stake in shares of Taiwan Semiconductor Manufacturing by 1,810.0% during the 4th quarter. Nemes Rush Group LLC now owns 191 shares of the semiconductor company's stock worth $38,000 after purchasing an additional 181 shares during the last quarter. 16.51% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on TSM shares. Barclays raised 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 note on Friday, January 17th. StockNews.com lowered Taiwan Semiconductor Manufacturing from a "buy" rating to a "hold" rating in a research note on Tuesday, January 28th. Finally, Needham & Company LLC reiterated a "buy" rating and set a $225.00 target price on shares of Taiwan Semiconductor Manufacturing in a research note on Tuesday, February 18th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, Taiwan Semiconductor Manufacturing presently has a consensus rating of "Moderate Buy" and a consensus target price of $220.00.

Taiwan Semiconductor Manufacturing Stock Performance

TSM traded up $5.71 on Friday, reaching $156.84. The company had a trading volume of 19,602,894 shares, compared to its average volume of 15,828,333. The company's fifty day moving average is $179.21 and its 200 day moving average is $190.93. 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 $813.44 billion, a P/E ratio of 22.28, a P/E/G ratio of 0.66 and a beta of 1.16. Taiwan Semiconductor Manufacturing Company Limited has a fifty-two week low of $125.78 and a fifty-two week high of $226.40.

Taiwan Semiconductor Manufacturing (NYSE:TSM - Get Free Report) last posted its earnings results 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 return on equity of 30.47% and a net margin of 40.51%. As a group, analysts predict that Taiwan Semiconductor Manufacturing Company Limited will post 9.2 earnings per share for the current fiscal 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 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 dividend yield of 1.75%. This is an increase from Taiwan Semiconductor Manufacturing's previous quarterly dividend of $0.55. Taiwan Semiconductor Manufacturing's dividend payout ratio (DPR) is currently 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.