Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) Stake Lifted by Morningstar Investment Services LLC

Morningstar Investment Services LLC increased its stake in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSMFree Report) by 96.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,911,713 shares of the semiconductor company’s stock after acquiring an additional 937,646 shares during the period. Taiwan Semiconductor Manufacturing makes up approximately 1.1% of Morningstar Investment Services LLC’s investment portfolio, making the stock its 25th biggest position. Morningstar Investment Services LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $200,156,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Avestar Capital LLC lifted its stake in Taiwan Semiconductor Manufacturing by 1.8% during the fourth quarter. Avestar Capital LLC now owns 5,427 shares of the semiconductor company’s stock valued at $567,000 after purchasing an additional 95 shares during the last quarter. Mather Group LLC. lifted its stake in Taiwan Semiconductor Manufacturing by 2.0% during the fourth quarter. Mather Group LLC. now owns 4,819 shares of the semiconductor company’s stock valued at $501,000 after purchasing an additional 96 shares during the last quarter. Benjamin Edwards Inc. lifted its stake in Taiwan Semiconductor Manufacturing by 2.3% during the fourth quarter. Benjamin Edwards Inc. now owns 4,239 shares of the semiconductor company’s stock valued at $441,000 after purchasing an additional 96 shares during the last quarter. Intrinsic Value Partners LLC lifted its stake in Taiwan Semiconductor Manufacturing by 0.4% during the fourth quarter. Intrinsic Value Partners LLC now owns 24,903 shares of the semiconductor company’s stock valued at $2,590,000 after purchasing an additional 100 shares during the last quarter. Finally, Atlas Private Wealth Advisors lifted its position in shares of Taiwan Semiconductor Manufacturing by 3.3% in the 4th quarter. Atlas Private Wealth Advisors now owns 3,288 shares of the semiconductor company’s stock valued at $342,000 after acquiring an additional 104 shares in the last quarter. 16.51% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages recently commented on TSM. TD Cowen upped their price target on shares of Taiwan Semiconductor Manufacturing from $100.00 to $130.00 and gave the company a “hold” rating in a research report on Thursday, April 18th. Susquehanna raised their target price on shares of Taiwan Semiconductor Manufacturing from $160.00 to $180.00 and gave the company a “positive” rating in a research note on Tuesday, April 2nd. Barclays raised their target price on shares of Taiwan Semiconductor Manufacturing from $150.00 to $170.00 and gave the company an “overweight” rating in a research note on Wednesday. Needham & Company LLC reiterated a “buy” rating and issued a $168.00 target price on shares of Taiwan Semiconductor Manufacturing in a research note on Wednesday, May 22nd. Finally, StockNews.com upgraded shares of Taiwan Semiconductor Manufacturing from a “hold” rating to a “buy” rating in a research note on Thursday, April 11th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $162.00.

Read Our Latest Stock Analysis on Taiwan Semiconductor Manufacturing

Taiwan Semiconductor Manufacturing Stock Performance

Taiwan Semiconductor Manufacturing stock traded up $2.96 during mid-day trading on Friday, reaching $165.03. The company had a trading volume of 9,507,502 shares, compared to its average volume of 14,899,633. The company has a quick ratio of 2.13, a current ratio of 2.39 and a debt-to-equity ratio of 0.27. Taiwan Semiconductor Manufacturing Company Limited has a 52 week low of $84.01 and a 52 week high of $166.12. The company has a 50 day moving average of $145.44 and a 200-day moving average of $126.39. The firm has a market cap of $855.91 billion, a price-to-earnings ratio of 31.55, a PEG ratio of 1.17 and a beta of 1.11.

Taiwan Semiconductor Manufacturing (NYSE:TSMGet Free Report) last released its quarterly earnings data on Thursday, April 18th. The semiconductor company reported $1.38 EPS for the quarter, topping analysts’ consensus estimates of $1.29 by $0.09. The company had revenue of $18.87 billion during the quarter, compared to the consensus estimate of $18.38 billion. Taiwan Semiconductor Manufacturing had a net margin of 38.15% and a return on equity of 24.75%. On average, sell-side analysts expect that Taiwan Semiconductor Manufacturing Company Limited will post 6.13 EPS for the current fiscal year.

Taiwan Semiconductor Manufacturing Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 9th. Stockholders of record on Thursday, September 12th will be issued a dividend of $0.4865 per share. This represents a $1.95 dividend on an annualized basis and a dividend yield of 1.18%. This is an increase from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.44. The ex-dividend date of this dividend is Thursday, September 12th. Taiwan Semiconductor Manufacturing’s dividend payout ratio (DPR) is presently 32.76%.

About Taiwan Semiconductor Manufacturing

(Free Report)

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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Institutional Ownership by Quarter for Taiwan Semiconductor Manufacturing (NYSE:TSM)

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