Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) Stock Position Raised by Blue Whale Capital LLP

Blue Whale Capital LLP raised its stake in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 49.9% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 640,961 shares of the semiconductor company’s stock after buying an additional 213,478 shares during the quarter. Taiwan Semiconductor Manufacturing makes up about 9.4% of Blue Whale Capital LLP’s holdings, making the stock its 4th largest holding. Blue Whale Capital LLP’s holdings in Taiwan Semiconductor Manufacturing were worth $126,583,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the company. Invesco Ltd. lifted its stake in shares of Taiwan Semiconductor Manufacturing by 37.9% in the 4th quarter. Invesco Ltd. now owns 4,178,381 shares of the semiconductor company’s stock worth $825,188,000 after purchasing an additional 1,148,889 shares during the period. Bank of Montreal Can raised its position in Taiwan Semiconductor Manufacturing by 38.3% in the fourth quarter. Bank of Montreal Can now owns 871,742 shares of the semiconductor company’s stock worth $172,160,000 after acquiring an additional 241,414 shares during the period. Certior Financial Group LLC purchased a new position in shares of Taiwan Semiconductor Manufacturing during the 4th quarter worth $348,000. Sierra Summit Advisors LLC bought a new stake in shares of Taiwan Semiconductor Manufacturing during the 4th quarter valued at $8,536,000. Finally, FMR LLC increased its stake in shares of Taiwan Semiconductor Manufacturing by 4.6% in 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. Institutional investors own 16.51% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on TSM shares. StockNews.com downgraded Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a research note on Tuesday, January 28th. 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. Finally, Barclays boosted their price target on shares of Taiwan Semiconductor Manufacturing from $240.00 to $255.00 and gave the stock an “overweight” rating in a research note on Friday, January 17th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $220.00.

Taiwan Semiconductor Manufacturing Trading Down 6.7 %

Shares of TSM opened at $146.88 on Monday. The firm has a market capitalization of $761.76 billion, a price-to-earnings ratio of 20.86, a PEG ratio of 0.66 and a beta of 1.16. 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 50-day moving average of $186.54 and a 200 day moving average of $192.44.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last issued its 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 return on equity of 30.47% and a net margin of 40.51%. On average, research analysts expect that Taiwan Semiconductor Manufacturing Company Limited will post 9.2 EPS for the current year.

Taiwan Semiconductor Manufacturing Increases Dividend

The firm also recently declared 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 represents a $2.74 annualized dividend and a dividend yield of 1.87%. This is a positive change from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.55. Taiwan Semiconductor Manufacturing’s payout ratio is currently 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.