Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) Shares Acquired by Victory Capital Management Inc.

Victory Capital Management Inc. grew its holdings in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM - Free Report) by 15.3% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 120,618 shares of the semiconductor company's stock after purchasing an additional 15,961 shares during the quarter. Victory Capital Management Inc.'s holdings in Taiwan Semiconductor Manufacturing were worth $23,821,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the business. Mayport LLC purchased a new stake in Taiwan Semiconductor Manufacturing during the fourth quarter worth $227,000. Westover Capital Advisors LLC lifted its stake in shares of Taiwan Semiconductor Manufacturing by 43.2% during the 4th quarter. Westover Capital Advisors LLC now owns 14,718 shares of the semiconductor company's stock worth $2,907,000 after purchasing an additional 4,440 shares during the last quarter. Bahl & Gaynor Inc. boosted its position in Taiwan Semiconductor Manufacturing by 1,658.1% during the fourth quarter. Bahl & Gaynor Inc. now owns 165,785 shares of the semiconductor company's stock valued at $32,741,000 after purchasing an additional 156,355 shares in the last quarter. Bedel Financial Consulting Inc. grew its stake in Taiwan Semiconductor Manufacturing by 10.3% in the fourth quarter. Bedel Financial Consulting Inc. now owns 2,009 shares of the semiconductor company's stock valued at $419,000 after purchasing an additional 188 shares during the last quarter. Finally, Gryphon Financial Partners LLC raised its holdings in Taiwan Semiconductor Manufacturing by 2.2% in the fourth quarter. Gryphon Financial Partners LLC now owns 4,599 shares of the semiconductor company's stock worth $908,000 after purchasing an additional 101 shares in the last quarter. Hedge funds and other institutional investors own 16.51% of the company's stock.

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Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. StockNews.com cut shares of Taiwan Semiconductor Manufacturing from a "buy" rating to a "hold" rating in a report on Tuesday, January 28th. 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. Finally, Needham & Company LLC reaffirmed a "buy" rating and set a $225.00 price target on shares of Taiwan Semiconductor Manufacturing in a research report 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, the company currently has an average rating of "Moderate Buy" and an average price target of $220.00.

Taiwan Semiconductor Manufacturing Stock Performance

Taiwan Semiconductor Manufacturing stock traded up $0.65 during mid-day trading on Tuesday, reaching $171.30. 14,767,754 shares of the company traded hands, compared to its average volume of 18,315,803. Taiwan Semiconductor Manufacturing Company Limited has a fifty-two week low of $125.78 and a fifty-two week high of $226.40. The firm's fifty day moving average is $201.45 and its two-hundred day moving average is $191.93. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.57 and a quick ratio of 2.30. The company has a market capitalization of $888.45 billion, a price-to-earnings ratio of 24.33, a price-to-earnings-growth ratio of 0.66 and a beta of 1.13.

Taiwan Semiconductor Manufacturing (NYSE:TSM - Get Free Report) last issued 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 return on equity of 30.47% and a net margin of 40.51%. On average, equities research 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 firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 10th. Shareholders of record on Thursday, June 12th will be paid a dividend of $0.6855 per share. This represents a $2.74 annualized dividend and a yield of 1.60%. 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. Taiwan Semiconductor Manufacturing's payout ratio is presently 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.