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Jennison Associates LLC Has $1.58 Billion Stock Position in Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM)

Taiwan Semiconductor Manufacturing logo with Computer and Technology background

Jennison Associates LLC increased its stake in shares of Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM - Free Report) by 36.8% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,509,032 shares of the semiconductor company's stock after buying an additional 2,559,512 shares during the quarter. Taiwan Semiconductor Manufacturing accounts for about 1.1% of Jennison Associates LLC's investment portfolio, making the stock its 25th largest position. Jennison Associates LLC owned 0.18% of Taiwan Semiconductor Manufacturing worth $1,578,499,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Heritage Wealth Advisors increased its holdings in Taiwan Semiconductor Manufacturing by 20.0% during the 4th quarter. Heritage Wealth Advisors now owns 300 shares of the semiconductor company's stock valued at $59,000 after purchasing an additional 50 shares in the last quarter. First Heartland Consultants Inc. increased its stake in shares of Taiwan Semiconductor Manufacturing by 4.2% in the fourth quarter. First Heartland Consultants Inc. now owns 1,236 shares of the semiconductor company's stock valued at $244,000 after buying an additional 50 shares in the last quarter. Formidable Asset Management LLC raised its holdings in shares of Taiwan Semiconductor Manufacturing by 3.2% in the fourth quarter. Formidable Asset Management LLC now owns 1,606 shares of the semiconductor company's stock valued at $317,000 after buying an additional 50 shares during the last quarter. Connecticut Wealth Management LLC lifted its position in Taiwan Semiconductor Manufacturing by 0.7% during the 4th quarter. Connecticut Wealth Management LLC now owns 7,416 shares of the semiconductor company's stock worth $1,465,000 after buying an additional 55 shares in the last quarter. Finally, WealthCollab LLC grew its holdings in Taiwan Semiconductor Manufacturing by 6.7% during the 4th quarter. WealthCollab LLC now owns 891 shares of the semiconductor company's stock worth $176,000 after acquiring an additional 56 shares during the last quarter. 16.51% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research firms recently weighed in on TSM. Barclays restated an "overweight" rating and issued a $240.00 price objective (up previously from $215.00) on shares of Taiwan Semiconductor Manufacturing in a research report on Tuesday, June 3rd. Susquehanna set a $265.00 price target on Taiwan Semiconductor Manufacturing and gave the company a "positive" rating in a report on Monday. Citigroup reiterated a "buy" rating on shares of Taiwan Semiconductor Manufacturing in a research report on Thursday, May 22nd. Finally, Needham & Company LLC reiterated a "buy" rating and set a $270.00 price target on shares of Taiwan Semiconductor Manufacturing in a research report on Thursday. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $236.25.

Check Out Our Latest Stock Analysis on Taiwan Semiconductor Manufacturing

Taiwan Semiconductor Manufacturing Trading Down 2.1%

NYSE:TSM traded down $5.20 during mid-day trading on Friday, hitting $240.40. The company had a trading volume of 16,235,822 shares, compared to its average volume of 15,024,312. The firm has a market cap of $1.25 trillion, a P/E ratio of 27.41, a P/E/G ratio of 1.32 and a beta of 1.29. The business's fifty day moving average is $211.45 and its two-hundred day moving average is $193.43. The company has a debt-to-equity ratio of 0.22, a quick ratio of 2.18 and a current ratio of 2.39. Taiwan Semiconductor Manufacturing Company Ltd. has a fifty-two week low of $133.57 and a fifty-two week high of $248.28.

Taiwan Semiconductor Manufacturing (NYSE:TSM - Get Free Report) last issued its quarterly earnings data on Thursday, July 17th. The semiconductor company reported $2.47 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.13 by $0.34. Taiwan Semiconductor Manufacturing had a net margin of 42.91% and a return on equity of 34.53%. The firm had revenue of $30.07 billion during the quarter, compared to analysts' expectations of $28.50 billion. During the same quarter in the previous year, the company earned $1.48 earnings per share. The business's revenue for the quarter was up 44.4% on a year-over-year basis. As a group, research analysts expect that Taiwan Semiconductor Manufacturing Company Ltd. will post 9.2 earnings per share for the current year.

Taiwan Semiconductor Manufacturing Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 9th. Stockholders of record on Tuesday, September 16th will be paid a dividend of $0.6499 per share. The ex-dividend date is Tuesday, September 16th. This represents a $2.60 dividend on an annualized basis and a dividend yield of 1.08%. Taiwan Semiconductor Manufacturing's dividend payout ratio is 31.75%.

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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