Duquesne Family Office LLC Buys 50,160 Shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Duquesne Family Office LLC lifted its position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM - Free Report) by 87.5% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 107,515 shares of the semiconductor company's stock after acquiring an additional 50,160 shares during the quarter. Duquesne Family Office LLC's holdings in Taiwan Semiconductor Manufacturing were worth $21,233,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Birch Capital Management LLC grew its position in Taiwan Semiconductor Manufacturing by 0.4% during the fourth quarter. Birch Capital Management LLC now owns 19,345 shares of the semiconductor company's stock valued at $3,820,000 after purchasing an additional 85 shares in the last quarter. Oriental Harbor Investment Fund purchased a new position in shares of Taiwan Semiconductor Manufacturing during the 4th quarter valued at $32,743,000. Private Client Services LLC purchased a new position in shares of Taiwan Semiconductor Manufacturing during the 4th quarter valued at $201,000. Legacy Private Trust Co. increased its stake in shares of Taiwan Semiconductor Manufacturing by 69.1% in the fourth quarter. Legacy Private Trust Co. now owns 2,785 shares of the semiconductor company's stock worth $550,000 after acquiring an additional 1,138 shares during the last quarter. Finally, ST Germain D J Co. Inc. boosted its position in Taiwan Semiconductor Manufacturing by 0.7% during the fourth quarter. ST Germain D J Co. Inc. now owns 9,339 shares of the semiconductor company's stock valued at $1,844,000 after purchasing an additional 61 shares during the last quarter. Institutional investors and hedge funds own 16.51% of the company's stock.

Taiwan Semiconductor Manufacturing Stock Performance

Shares of NYSE:TSM traded up $1.43 during trading on Friday, reaching $176.65. The stock had a trading volume of 11,563,400 shares, compared to its average volume of 15,900,178. 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 stock has a fifty day simple moving average of $165.73 and a two-hundred day simple moving average of $187.66. The firm has a market capitalization of $916.18 billion, a price-to-earnings ratio of 25.09, a P/E/G ratio of 0.66 and a beta of 1.21. Taiwan Semiconductor Manufacturing Company Limited has a 52 week low of $133.57 and a 52 week high of $226.40.

Taiwan Semiconductor Manufacturing (NYSE:TSM - Get Free Report) last announced its earnings results on Thursday, April 17th. The semiconductor company reported $2.12 EPS for the quarter, topping the consensus estimate of $2.03 by $0.09. The firm had revenue of $25.82 billion for the quarter, compared to the consensus estimate of $834.10 billion. Taiwan Semiconductor Manufacturing had a net margin of 40.51% and a return on equity of 30.47%. As a group, analysts anticipate 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 declared a quarterly dividend, which will be paid on Thursday, July 10th. Shareholders of record on Thursday, June 12th will be given a $0.6855 dividend. This is an increase from Taiwan Semiconductor Manufacturing's previous quarterly dividend of $0.55. This represents a $2.74 annualized dividend and a yield of 1.55%. The ex-dividend date is Thursday, June 12th. Taiwan Semiconductor Manufacturing's payout ratio is currently 27.76%.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on TSM. Barclays reaffirmed a "hold" rating on shares of Taiwan Semiconductor Manufacturing in a research note on Friday, April 25th. Needham & Company LLC reiterated a "buy" rating and issued a $225.00 target price on shares of Taiwan Semiconductor Manufacturing in a research note on Thursday, April 17th. StockNews.com downgraded shares of Taiwan Semiconductor Manufacturing from a "buy" rating to a "hold" rating in a research report on Tuesday, January 28th. Finally, Susquehanna restated a "positive" rating on shares of Taiwan Semiconductor Manufacturing in a report on Friday, April 25th. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $212.00.

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.