Fmr LLC Raises Holdings in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Fmr LLC grew its holdings in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 4.6% in the fourth quarter, Holdings Channel reports. The firm owned 58,547,257 shares of the semiconductor company’s stock after buying an additional 2,572,488 shares during the quarter. Taiwan Semiconductor Manufacturing accounts for about 0.7% of Fmr LLC’s portfolio, making the stock its 20th biggest position. Fmr LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $11,562,498,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of TSM. Polymer Capital Management HK LTD raised its holdings in shares of Taiwan Semiconductor Manufacturing by 47.7% during the fourth quarter. Polymer Capital Management HK LTD now owns 86,493 shares of the semiconductor company’s stock valued at $17,082,000 after purchasing an additional 27,938 shares during the last quarter. Federated Hermes Inc. grew its stake in shares of Taiwan Semiconductor Manufacturing by 28.8% during the 4th quarter. Federated Hermes Inc. now owns 537,888 shares of the semiconductor company’s stock valued at $106,228,000 after purchasing an additional 120,413 shares during the period. Waterloo Capital L.P. purchased a new stake in shares of Taiwan Semiconductor Manufacturing during the 4th quarter valued at about $203,000. Thames Capital Management LLC lifted its stake in shares of Taiwan Semiconductor Manufacturing by 71.0% in the 4th quarter. Thames Capital Management LLC now owns 66,976 shares of the semiconductor company’s stock worth $13,227,000 after purchasing an additional 27,811 shares during the period. Finally, Peapack Gladstone Financial Corp boosted its holdings in shares of Taiwan Semiconductor Manufacturing by 1.1% in the fourth quarter. Peapack Gladstone Financial Corp now owns 23,619 shares of the semiconductor company’s stock worth $4,666,000 after buying an additional 266 shares during the last quarter. Hedge funds and other institutional investors own 16.51% of the company’s stock.

Taiwan Semiconductor Manufacturing Trading Down 6.7 %

Shares of TSM opened at $146.88 on Friday. 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 simple moving average of $186.54 and a two-hundred day simple moving average of $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. The firm has a market cap of $761.76 billion, a P/E ratio of 20.86, a price-to-earnings-growth ratio of 0.66 and a beta of 1.16.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last announced its quarterly earnings results on Thursday, January 16th. The semiconductor company reported $2.24 earnings per share (EPS) for the quarter, beating 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, 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 company also recently declared a quarterly dividend, which will be paid on Thursday, July 10th. Shareholders of record on Thursday, June 12th will be issued a dividend of $0.6855 per share. This represents a $2.74 annualized dividend and a yield of 1.87%. The ex-dividend date of this dividend is Thursday, June 12th. This is a boost from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.55. Taiwan Semiconductor Manufacturing’s dividend payout ratio (DPR) is currently 30.68%.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the company. 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. StockNews.com lowered shares of Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a research report on Tuesday, January 28th. Finally, Barclays raised 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 report on Friday, January 17th. Two equities 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.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $220.00.

About Taiwan Semiconductor Manufacturing

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.