Thames Capital Management LLC Raises Stock Holdings in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Thames Capital Management LLC lifted its stake in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM - Free Report) by 71.0% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 66,976 shares of the semiconductor company's stock after buying an additional 27,811 shares during the quarter. Taiwan Semiconductor Manufacturing comprises 3.6% of Thames Capital Management LLC's portfolio, making the stock its 12th biggest holding. Thames Capital Management LLC's holdings in Taiwan Semiconductor Manufacturing were worth $13,227,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Van ECK Associates Corp boosted its position in shares of Taiwan Semiconductor Manufacturing by 6.0% in the fourth quarter. Van ECK Associates Corp now owns 19,392,159 shares of the semiconductor company's stock worth $3,829,757,000 after purchasing an additional 1,102,166 shares during the period. Franklin Resources Inc. lifted its stake in shares of Taiwan Semiconductor Manufacturing by 32.3% during the 4th 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 in the last quarter. GQG Partners LLC boosted its holdings in Taiwan Semiconductor Manufacturing by 11.0% in the 4th quarter. GQG Partners LLC now owns 7,819,269 shares of the semiconductor company's stock worth $1,544,227,000 after buying an additional 777,090 shares during the period. Jennison Associates LLC increased its stake in 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 worth $1,372,461,000 after buying an additional 2,931,209 shares in the last quarter. Finally, Alliancebernstein L.P. raised its holdings in Taiwan Semiconductor Manufacturing by 23.4% during the fourth quarter. Alliancebernstein L.P. now owns 6,742,256 shares of the semiconductor company's stock valued at $1,331,528,000 after acquiring an additional 1,276,793 shares during the period. 16.51% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms recently issued reports on TSM. Needham & Company LLC reiterated a "buy" rating and set a $225.00 target price on shares of Taiwan Semiconductor Manufacturing in a research report on Tuesday, February 18th. Barclays increased their price objective on shares of Taiwan Semiconductor Manufacturing from $240.00 to $255.00 and gave the company an "overweight" rating in a report on Friday, January 17th. Finally, StockNews.com downgraded shares of Taiwan Semiconductor Manufacturing from a "buy" rating to a "hold" rating in a report on Tuesday, January 28th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $220.00.

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Taiwan Semiconductor Manufacturing Stock Down 6.7 %

Shares of TSM opened at $146.88 on Friday. The stock has a market capitalization of $761.76 billion, a price-to-earnings ratio of 20.86, a price-to-earnings-growth ratio of 0.66 and a beta of 1.16. Taiwan Semiconductor Manufacturing Company Limited has a 1 year low of $125.78 and a 1 year high of $226.40. The business's 50 day simple moving average is $186.54 and its 200-day simple moving average is $192.26. 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 (NYSE:TSM - Get Free Report) last announced its quarterly earnings results on Thursday, January 16th. The semiconductor company reported $2.24 earnings per share 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%. As a group, equities analysts expect that Taiwan Semiconductor Manufacturing Company Limited will post 9.2 earnings per share for the current fiscal year.

Taiwan Semiconductor Manufacturing Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 10th. Investors of record on Thursday, June 12th will be given a $0.6855 dividend. The ex-dividend date is Thursday, June 12th. This represents a $2.74 annualized dividend and a yield of 1.87%. This is a positive change 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 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.

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