Thoroughbred Financial Services LLC Purchases 1,916 Shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Thoroughbred Financial Services LLC increased its position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM - Free Report) by 1.8% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 107,509 shares of the semiconductor company's stock after buying an additional 1,916 shares during the period. Taiwan Semiconductor Manufacturing accounts for 1.3% of Thoroughbred Financial Services LLC's portfolio, making the stock its 12th largest holding. Thoroughbred Financial Services LLC's holdings in Taiwan Semiconductor Manufacturing were worth $21,232,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Orleans Capital Management Corp LA raised its stake in shares of Taiwan Semiconductor Manufacturing by 5.6% in the 4th quarter. Orleans Capital Management Corp LA now owns 5,690 shares of the semiconductor company's stock valued at $1,188,000 after acquiring an additional 300 shares in the last quarter. Magellan Asset Management Ltd lifted its stake in shares of Taiwan Semiconductor Manufacturing by 245.7% in the fourth quarter. Magellan Asset Management Ltd now owns 1,552,393 shares of the semiconductor company's stock worth $306,582,000 after buying an additional 1,103,272 shares during the last quarter. Pitcairn Co. boosted its holdings in shares of Taiwan Semiconductor Manufacturing by 26.2% during the 4th quarter. Pitcairn Co. now owns 35,706 shares of the semiconductor company's stock worth $7,052,000 after buying an additional 7,404 shares during the period. Arete Wealth Advisors LLC grew its stake in Taiwan Semiconductor Manufacturing by 9.0% in the 4th quarter. Arete Wealth Advisors LLC now owns 5,207 shares of the semiconductor company's stock valued at $1,030,000 after buying an additional 432 shares during the last quarter. Finally, Motley Fool Asset Management LLC lifted its position in Taiwan Semiconductor Manufacturing by 6.2% during the 4th quarter. Motley Fool Asset Management LLC now owns 50,243 shares of the semiconductor company's stock worth $9,922,000 after acquiring an additional 2,920 shares during the last quarter. Institutional investors own 16.51% of the company's stock.

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Taiwan Semiconductor Manufacturing Stock Performance

Shares of TSM stock traded down $10.50 during mid-day trading on Friday, reaching $146.88. The stock had a trading volume of 36,009,450 shares, compared to its average volume of 15,444,363. Taiwan Semiconductor Manufacturing Company Limited has a one year low of $125.78 and a one year high of $226.40. The company has a quick ratio of 2.30, a current ratio of 2.57 and a debt-to-equity ratio of 0.24. The firm's 50 day simple moving average is $186.54 and its 200 day simple moving average is $192.09. The firm has a market cap of $761.76 billion, a PE ratio of 20.86, a P/E/G ratio of 0.66 and a beta of 1.16.

Taiwan Semiconductor Manufacturing (NYSE:TSM - Get Free Report) last released its quarterly earnings data 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, analysts forecast that Taiwan Semiconductor Manufacturing Company Limited will post 9.2 EPS for the current year.

Taiwan Semiconductor Manufacturing Increases Dividend

The business 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 $0.6855 dividend. The ex-dividend date is Thursday, June 12th. This is a boost 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 is presently 30.68%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the company. Barclays lifted their price objective on Taiwan Semiconductor Manufacturing from $240.00 to $255.00 and gave the stock 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 report on Tuesday, January 28th. Finally, Needham & Company LLC restated a "buy" rating and issued a $225.00 price objective on shares of Taiwan Semiconductor Manufacturing in a research note on Tuesday, February 18th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $220.00.

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.