PFG Investments LLC Has $2.94 Million Stake in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

PFG Investments LLC increased its holdings in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM - Free Report) by 457.5% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 21,592 shares of the semiconductor company's stock after purchasing an additional 17,719 shares during the period. PFG Investments LLC's holdings in Taiwan Semiconductor Manufacturing were worth $2,938,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Capital World Investors increased its holdings in shares of Taiwan Semiconductor Manufacturing by 11.4% during the fourth quarter. Capital World Investors now owns 41,356,279 shares of the semiconductor company's stock worth $4,301,178,000 after buying an additional 4,240,928 shares in the last quarter. Van ECK Associates Corp grew its holdings 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 buying an additional 3,381,514 shares during the period. Morgan Stanley raised its position in shares of Taiwan Semiconductor Manufacturing by 11.2% during the third quarter. Morgan Stanley now owns 23,804,180 shares of the semiconductor company's stock worth $2,068,583,000 after purchasing an additional 2,400,882 shares during the period. Harding Loevner LP boosted its holdings in shares of Taiwan Semiconductor Manufacturing by 20.9% in the fourth quarter. Harding Loevner LP now owns 11,616,715 shares of the semiconductor company's stock valued at $1,222,768,000 after buying an additional 2,008,043 shares during the period. Finally, Massachusetts Financial Services Co. MA raised its stake in shares of Taiwan Semiconductor Manufacturing by 6.2% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 28,443,595 shares of the semiconductor company's stock valued at $2,958,134,000 after purchasing an additional 1,649,279 shares during the period. 16.51% of the stock is currently owned by institutional investors and hedge funds.

Taiwan Semiconductor Manufacturing Trading Up 1.3 %

NYSE:TSM traded up $1.72 during trading hours on Friday, hitting $138.30. 9,453,393 shares of the company were exchanged, compared to its average volume of 15,706,765. The stock has a market capitalization of $717.28 billion, a price-to-earnings ratio of 26.34, a price-to-earnings-growth ratio of 0.99 and a beta of 1.15. Taiwan Semiconductor Manufacturing Company Limited has a one year low of $82.16 and a one year high of $158.40. The company has a current ratio of 2.33, a quick ratio of 2.06 and a debt-to-equity ratio of 0.27. The company has a fifty day simple moving average of $137.06 and a 200 day simple moving average of $114.97.

Taiwan Semiconductor Manufacturing Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 11th. Investors of record on Thursday, June 13th will be given a $0.4408 dividend. This represents a $1.76 dividend on an annualized basis and a yield of 1.27%. The ex-dividend date of this dividend is Thursday, June 13th. Taiwan Semiconductor Manufacturing's payout ratio is 32.76%.

Wall Street Analysts Forecast Growth

TSM has been the subject of a number of research analyst reports. Needham & Company LLC reiterated a "buy" rating and issued a $168.00 price objective on shares of Taiwan Semiconductor Manufacturing in a report on Thursday, April 18th. TD Cowen increased their price target on Taiwan Semiconductor Manufacturing from $100.00 to $130.00 and gave the stock a "hold" rating in a research report on Thursday, April 18th. StockNews.com upgraded Taiwan Semiconductor Manufacturing from a "hold" rating to a "buy" rating in a research note on Thursday, April 11th. Barclays raised their price target on Taiwan Semiconductor Manufacturing from $145.00 to $150.00 and gave the stock an "overweight" rating in a research report on Friday, April 19th. Finally, Susquehanna boosted their price target on Taiwan Semiconductor Manufacturing from $160.00 to $180.00 and gave the company a "positive" rating in a research note on Tuesday, April 2nd. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat.com, Taiwan Semiconductor Manufacturing has an average rating of "Moderate Buy" and an average 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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