Lord Abbett & CO. LLC Has $363.04 Million Stock Position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Lord Abbett & CO. LLC trimmed its position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM - Free Report) by 11.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,838,287 shares of the semiconductor company's stock after selling 249,488 shares during the quarter. Taiwan Semiconductor Manufacturing makes up approximately 1.1% of Lord Abbett & CO. LLC's portfolio, making the stock its 9th biggest holding. Lord Abbett & CO. LLC's holdings in Taiwan Semiconductor Manufacturing were worth $363,043,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Mount Yale Investment Advisors LLC lifted its holdings in shares of Taiwan Semiconductor Manufacturing by 4.3% in the fourth quarter. Mount Yale Investment Advisors LLC now owns 35,709 shares of the semiconductor company's stock worth $7,052,000 after buying an additional 1,476 shares in the last quarter. McHugh Group LLC purchased a new stake in Taiwan Semiconductor Manufacturing in the fourth quarter valued at approximately $605,000. OLD National Bancorp IN raised its stake in Taiwan Semiconductor Manufacturing by 2.1% in the fourth quarter. OLD National Bancorp IN now owns 113,205 shares of the semiconductor company's stock valued at $22,357,000 after purchasing an additional 2,368 shares in the last quarter. Guardian Partners Inc. purchased a new stake in Taiwan Semiconductor Manufacturing in the fourth quarter valued at approximately $9,222,000. Finally, Hardman Johnston Global Advisors LLC raised its stake in Taiwan Semiconductor Manufacturing by 7.6% in the fourth quarter. Hardman Johnston Global Advisors LLC now owns 381,432 shares of the semiconductor company's stock valued at $75,329,000 after purchasing an additional 26,847 shares in the last quarter. 16.51% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the stock. StockNews.com downgraded shares of Taiwan Semiconductor Manufacturing from a "buy" rating to a "hold" rating in a research note on Tuesday, January 28th. Barclays reissued a "hold" rating on shares of Taiwan Semiconductor Manufacturing in a research note on Friday. Susquehanna reissued a "positive" rating on shares of Taiwan Semiconductor Manufacturing in a research note on Friday. Finally, Needham & Company LLC reissued a "buy" rating and set a $225.00 price target on shares of Taiwan Semiconductor Manufacturing in a research note on Thursday, April 17th. 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, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $212.00.

Taiwan Semiconductor Manufacturing Trading Up 0.6 %

Shares of Taiwan Semiconductor Manufacturing stock traded up $1.06 on Tuesday, hitting $164.46. The stock had a trading volume of 3,951,133 shares, compared to its average volume of 18,161,521. 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's 50-day simple moving average is $168.34 and its two-hundred day simple moving average is $189.00. The stock has a market cap of $852.97 billion, a price-to-earnings ratio of 23.36, a PEG ratio of 0.66 and a beta of 1.16. Taiwan Semiconductor Manufacturing Company Limited has a one year low of $133.21 and a one year high of $226.40.

Taiwan Semiconductor Manufacturing (NYSE:TSM - Get Free Report) last released its quarterly earnings results on Thursday, April 17th. The semiconductor company reported $2.12 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.03 by $0.09. Taiwan Semiconductor Manufacturing had a net margin of 40.51% and a return on equity of 30.47%. The company had revenue of $25.82 billion during the quarter, compared to the consensus estimate of $834.10 billion. As a group, sell-side analysts predict that Taiwan Semiconductor Manufacturing Company Limited will post 9.2 EPS for the current year.

Taiwan Semiconductor Manufacturing Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 10th. Investors of record on Thursday, June 12th will be paid a $0.6855 dividend. This is an increase from Taiwan Semiconductor Manufacturing's previous quarterly dividend of $0.55. This represents a $2.74 dividend on an annualized basis and a yield of 1.67%. The ex-dividend date is Thursday, June 12th. Taiwan Semiconductor Manufacturing's dividend payout ratio is presently 27.76%.

Taiwan Semiconductor Manufacturing 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.