EFG Asset Management Americas Corp. Raises Position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

EFG Asset Management Americas Corp. raised its holdings in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM - Free Report) by 36.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 28,697 shares of the semiconductor company's stock after purchasing an additional 7,711 shares during the period. EFG Asset Management Americas Corp.'s holdings in Taiwan Semiconductor Manufacturing were worth $2,984,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the business. Morgan Stanley increased its position in shares of Taiwan Semiconductor Manufacturing by 27.7% during the fourth quarter. Morgan Stanley now owns 32,513,567 shares of the semiconductor company's stock worth $2,421,936,000 after purchasing an additional 7,045,899 shares in the last quarter. Massachusetts Financial Services Co. MA increased its position in shares of Taiwan Semiconductor Manufacturing by 2.6% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 26,794,316 shares of the semiconductor company's stock valued at $2,328,426,000 after acquiring an additional 666,826 shares during the period. Van ECK Associates Corp increased its position in shares of Taiwan Semiconductor Manufacturing by 29.6% in the 3rd quarter. Van ECK Associates Corp now owns 14,795,582 shares of the semiconductor company's stock valued at $1,285,736,000 after acquiring an additional 3,381,514 shares during the period. BlackRock Inc. increased its position in shares of Taiwan Semiconductor Manufacturing by 24.5% in the 1st quarter. BlackRock Inc. now owns 12,047,759 shares of the semiconductor company's stock valued at $1,120,683,000 after acquiring an additional 2,373,242 shares during the period. Finally, William Blair Investment Management LLC increased its position in shares of Taiwan Semiconductor Manufacturing by 3.1% in the 3rd quarter. William Blair Investment Management LLC now owns 11,780,144 shares of the semiconductor company's stock valued at $1,023,240,000 after acquiring an additional 355,609 shares during the period. 16.51% of the stock is owned by institutional investors and hedge funds.

Taiwan Semiconductor Manufacturing Stock Performance

NYSE:TSM traded down $4.57 during mid-day trading on Friday, hitting $127.70. The company's stock had a trading volume of 28,284,021 shares, compared to its average volume of 13,782,170. Taiwan Semiconductor Manufacturing Company Limited has a 1 year low of $81.21 and a 1 year high of $158.40. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.40 and a quick ratio of 2.13. The stock has a market cap of $662.30 billion, a price-to-earnings ratio of 24.32, a PEG ratio of 0.98 and a beta of 1.15. The business's fifty day moving average is $136.50 and its two-hundred day moving average is $113.40.

Taiwan Semiconductor Manufacturing (NYSE:TSM - Get Free Report) last posted its quarterly earnings results on Thursday, January 18th. The semiconductor company reported $1.44 EPS for the quarter, beating the consensus estimate of $1.37 by $0.07. Taiwan Semiconductor Manufacturing had a net margin of 38.15% and a return on equity of 25.21%. The company had revenue of $19.62 billion for the quarter, compared to analyst estimates of $18.99 billion. Analysts anticipate that Taiwan Semiconductor Manufacturing Company Limited will post 6.1 EPS for the current fiscal year.

Taiwan Semiconductor Manufacturing Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 11th. Stockholders of record on Thursday, June 13th will be paid a dividend of $0.4408 per share. This represents a $1.76 annualized dividend and a dividend yield of 1.38%. The ex-dividend date is Thursday, June 13th. Taiwan Semiconductor Manufacturing's payout ratio is currently 32.76%.

Analysts Set New Price Targets

TSM has been the topic of several research reports. StockNews.com raised Taiwan Semiconductor Manufacturing from a "hold" rating to a "buy" rating in a research report on Thursday, April 11th. TD Cowen upped their target price on Taiwan Semiconductor Manufacturing from $100.00 to $130.00 and gave the company a "hold" rating in a research report on Thursday. Barclays upped their target price on Taiwan Semiconductor Manufacturing from $145.00 to $150.00 and gave the company an "overweight" rating in a research report on Friday. Susquehanna upped their target price on Taiwan Semiconductor Manufacturing from $160.00 to $180.00 and gave the company a "positive" rating in a research report on Tuesday, April 2nd. Finally, Needham & Company LLC reaffirmed a "buy" rating and issued a $168.00 price target on shares of Taiwan Semiconductor Manufacturing in a report on Thursday. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company's stock. According to MarketBeat, Taiwan Semiconductor Manufacturing currently has an average rating of "Moderate Buy" and a consensus price target of $157.00.

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.