Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) Shares Bought by New York State Common Retirement Fund

New York State Common Retirement Fund raised its stake in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM - Free Report) by 1.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,487,794 shares of the semiconductor company's stock after acquiring an additional 42,044 shares during the period. New York State Common Retirement Fund's holdings in Taiwan Semiconductor Manufacturing were worth $258,731,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently bought and sold shares of the company. Farmers & Merchants Investments Inc. acquired a new position in Taiwan Semiconductor Manufacturing in the fourth quarter valued at $31,000. Creative Financial Designs Inc. ADV raised its holdings in shares of Taiwan Semiconductor Manufacturing by 108.7% in the fourth quarter. Creative Financial Designs Inc. ADV now owns 311 shares of the semiconductor company's stock valued at $32,000 after buying an additional 162 shares during the last quarter. Financial Gravity Asset Management Inc. raised its holdings in shares of Taiwan Semiconductor Manufacturing by 208.9% in the third quarter. Financial Gravity Asset Management Inc. now owns 312 shares of the semiconductor company's stock valued at $27,000 after buying an additional 211 shares during the last quarter. Tennessee Valley Asset Management Partners purchased a new stake in shares of Taiwan Semiconductor Manufacturing in the fourth quarter valued at about $37,000. Finally, Baystate Wealth Management LLC raised its holdings in shares of Taiwan Semiconductor Manufacturing by 53.5% in the third quarter. Baystate Wealth Management LLC now owns 396 shares of the semiconductor company's stock valued at $34,000 after buying an additional 138 shares during the last quarter. Institutional investors and hedge funds own 16.51% of the company's stock.

Taiwan Semiconductor Manufacturing Price Performance

TSM traded up $2.07 on Monday, hitting $129.77. 18,542,414 shares of the company were exchanged, compared to its average volume of 15,911,067. The company has a debt-to-equity ratio of 0.27, a quick ratio of 2.06 and a current ratio of 2.33. The business's fifty day moving average is $136.49 and its 200 day moving average is $113.70. Taiwan Semiconductor Manufacturing Company Limited has a fifty-two week low of $81.21 and a fifty-two week high of $158.40. The firm has a market capitalization of $673.04 billion, a P/E ratio of 24.72, a price-to-earnings-growth ratio of 0.92 and a beta of 1.15.

Taiwan Semiconductor Manufacturing (NYSE:TSM - Get Free Report) last issued its earnings results on Thursday, January 18th. The semiconductor company reported $1.44 earnings per share for the quarter, topping 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 25.25%. The company had revenue of $19.62 billion for the quarter, compared to analyst estimates of $18.99 billion. As a group, sell-side analysts anticipate that Taiwan Semiconductor Manufacturing Company Limited will post 6.1 EPS for the current year.

Taiwan Semiconductor Manufacturing Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 11th. Shareholders of record on Thursday, June 13th will be given a dividend of $0.4408 per share. The ex-dividend date is Thursday, June 13th. This represents a $1.76 annualized dividend and a yield of 1.36%. Taiwan Semiconductor Manufacturing's payout ratio is currently 32.76%.

Analysts Set New Price Targets

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

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.

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