LGT Capital Partners LTD. Has $138.27 Million Holdings in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

LGT Capital Partners LTD. lowered its holdings in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM - Free Report) by 28.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 700,130 shares of the semiconductor company's stock after selling 279,432 shares during the period. Taiwan Semiconductor Manufacturing makes up about 5.3% of LGT Capital Partners LTD.'s holdings, making the stock its 4th biggest position. LGT Capital Partners LTD.'s holdings in Taiwan Semiconductor Manufacturing were worth $138,269,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of TSM. FMR LLC grew its stake in Taiwan Semiconductor Manufacturing by 7.2% during the third quarter. FMR LLC now owns 55,974,769 shares of the semiconductor company's stock valued at $9,721,138,000 after acquiring an additional 3,783,802 shares in the last quarter. Fisher Asset Management LLC grew its stake in Taiwan Semiconductor Manufacturing by 1.3% during the third quarter. Fisher Asset Management LLC now owns 28,767,106 shares of the semiconductor company's stock valued at $4,995,984,000 after acquiring an additional 359,854 shares in the last quarter. Van ECK Associates Corp grew its stake in Taiwan Semiconductor Manufacturing by 6.0% during the fourth quarter. Van ECK Associates Corp now owns 19,392,159 shares of the semiconductor company's stock valued at $3,829,757,000 after acquiring an additional 1,102,166 shares in the last quarter. WCM Investment Management LLC grew its stake in Taiwan Semiconductor Manufacturing by 14.1% during the third quarter. WCM Investment Management LLC now owns 9,738,181 shares of the semiconductor company's stock valued at $1,733,104,000 after acquiring an additional 1,206,359 shares in the last quarter. Finally, Jennison Associates LLC grew its stake in Taiwan Semiconductor Manufacturing by 72.9% during 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 acquiring an additional 2,931,209 shares in the last quarter. Institutional investors own 16.51% of the company's stock.

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Analyst Upgrades and Downgrades

TSM has been the subject of several recent analyst reports. Barclays boosted 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 note on Friday, January 17th. Needham & Company LLC reaffirmed a "buy" rating and set a $225.00 price objective on shares of Taiwan Semiconductor Manufacturing in a research note on Tuesday, February 18th. Finally, StockNews.com cut shares of Taiwan Semiconductor Manufacturing from a "buy" rating to a "hold" rating in a research note on Tuesday, January 28th. Two equities research 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, Taiwan Semiconductor Manufacturing currently has an average rating of "Moderate Buy" and a consensus price target of $220.00.

Taiwan Semiconductor Manufacturing Price Performance

TSM stock traded up $0.65 during midday trading on Tuesday, reaching $171.30. The company had a trading volume of 14,767,754 shares, compared to its average volume of 18,315,803. 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 $125.78 and a 1 year high of $226.40. The company has a market capitalization of $888.45 billion, a P/E ratio of 24.33, a P/E/G ratio of 0.66 and a beta of 1.13. The firm has a 50-day moving average price of $200.93 and a 200-day moving average price of $191.93.

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

Taiwan Semiconductor Manufacturing Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 10th. Stockholders of record on Thursday, June 12th will be paid a $0.6855 dividend. This is a boost from Taiwan Semiconductor Manufacturing's previous quarterly dividend of $0.55. The ex-dividend date of this dividend is Thursday, June 12th. This represents a $2.74 dividend on an annualized basis and a dividend yield of 1.60%. Taiwan Semiconductor Manufacturing's dividend payout ratio is 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.