Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) Shares Purchased by Voya Investment Management LLC

Voya Investment Management LLC raised its stake in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM - Free Report) by 39.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 2,342,671 shares of the semiconductor company's stock after purchasing an additional 658,859 shares during the quarter. Voya Investment Management LLC's holdings in Taiwan Semiconductor Manufacturing were worth $462,629,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the stock. Price T Rowe Associates Inc. MD boosted its holdings in Taiwan Semiconductor Manufacturing by 67.0% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 10,365,404 shares of the semiconductor company's stock valued at $2,047,065,000 after purchasing an additional 4,158,772 shares in the last quarter. Jennison Associates LLC grew its position in shares of Taiwan Semiconductor Manufacturing by 72.9% in the fourth 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 last quarter. FMR LLC increased its position in Taiwan Semiconductor Manufacturing by 4.6% during the 4th quarter. FMR LLC now owns 58,547,257 shares of the semiconductor company's stock worth $11,562,498,000 after purchasing an additional 2,572,488 shares in the last quarter. Franklin Resources Inc. lifted its stake in shares of Taiwan Semiconductor Manufacturing by 32.3% during 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. Finally, Alphinity Investment Management Pty Ltd acquired a new stake in shares of Taiwan Semiconductor Manufacturing during the fourth quarter worth $349,241,000. Institutional investors and hedge funds own 16.51% of the company's stock.

Analyst Ratings Changes

A number of research firms recently issued reports on TSM. StockNews.com downgraded shares of Taiwan Semiconductor Manufacturing from a "buy" rating to a "hold" rating in a report on Tuesday, January 28th. Barclays cut their price objective on Taiwan Semiconductor Manufacturing from $255.00 to $215.00 and set an "overweight" rating on the stock in a report on Monday. Needham & Company LLC reissued a "buy" rating and set a $225.00 target price on shares of Taiwan Semiconductor Manufacturing in a research report on Thursday, April 17th. Finally, Susquehanna dropped their price objective on shares of Taiwan Semiconductor Manufacturing from $265.00 to $250.00 and set a "positive" rating for the company in a research report on Thursday, April 17th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Taiwan Semiconductor Manufacturing presently has a consensus rating of "Moderate Buy" and a consensus target price of $212.00.

Taiwan Semiconductor Manufacturing Stock Up 4.2 %

Shares of Taiwan Semiconductor Manufacturing stock opened at $157.75 on Thursday. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.57 and a quick ratio of 2.30. Taiwan Semiconductor Manufacturing Company Limited has a 1-year low of $128.86 and a 1-year high of $226.40. The business has a 50-day moving average of $170.63 and a 200-day moving average of $189.44. The company has a market capitalization of $818.16 billion, a PE ratio of 22.41, a P/E/G ratio of 0.66 and a beta of 1.16.

Taiwan Semiconductor Manufacturing (NYSE:TSM - Get Free Report) last issued its quarterly earnings results on Thursday, April 17th. The semiconductor company reported $2.12 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.03 by $0.09. The business had revenue of $25.82 billion during the quarter, compared to analyst estimates of $834.10 billion. Taiwan Semiconductor Manufacturing had a net margin of 40.51% and a return on equity of 30.47%. As a group, equities analysts forecast that Taiwan Semiconductor Manufacturing Company Limited will post 9.2 EPS 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 given a $0.6855 dividend. This is a positive change 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 1.74%. Taiwan Semiconductor Manufacturing's dividend payout ratio (DPR) is presently 27.76%.

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.

Want to see what other hedge funds are holding TSM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM - Free Report).

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.