Pzena Investment Management LLC Has $57.91 Million Holdings in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Pzena Investment Management LLC decreased its holdings in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM - Free Report) by 32.3% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 556,799 shares of the semiconductor company's stock after selling 265,738 shares during the period. Pzena Investment Management LLC's holdings in Taiwan Semiconductor Manufacturing were worth $57,907,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. CapWealth Advisors LLC boosted its stake in shares of Taiwan Semiconductor Manufacturing by 21.1% during the fourth quarter. CapWealth Advisors LLC now owns 122,310 shares of the semiconductor company's stock worth $12,720,000 after buying an additional 21,329 shares during the period. Fisher Asset Management LLC lifted its position in Taiwan Semiconductor Manufacturing by 1.4% in the fourth quarter. Fisher Asset Management LLC now owns 31,079,682 shares of the semiconductor company's stock valued at $3,232,287,000 after purchasing an additional 442,289 shares during the period. Empirical Financial Services LLC d.b.a. Empirical Wealth Management lifted its position in Taiwan Semiconductor Manufacturing by 99.3% in the third quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 5,087 shares of the semiconductor company's stock valued at $442,000 after purchasing an additional 2,534 shares during the period. Investment House LLC lifted its position in Taiwan Semiconductor Manufacturing by 117.5% in the fourth quarter. Investment House LLC now owns 45,840 shares of the semiconductor company's stock valued at $4,767,000 after purchasing an additional 24,762 shares during the period. Finally, Bison Wealth LLC acquired a new stake in Taiwan Semiconductor Manufacturing in the fourth quarter valued at about $1,178,000. Institutional investors and hedge funds own 16.51% of the company's stock.

Analyst Ratings Changes

TSM has been the subject of a number of recent analyst reports. Needham & Company LLC restated a "buy" rating and issued a $168.00 price objective on shares of Taiwan Semiconductor Manufacturing in a research report on Wednesday. TD Cowen increased 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, April 18th. Susquehanna increased 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. Barclays increased their target price on shares of Taiwan Semiconductor Manufacturing from $145.00 to $150.00 and gave the company an "overweight" rating in a report on Friday, April 19th. Finally, StockNews.com raised shares of Taiwan Semiconductor Manufacturing from a "hold" rating to a "buy" rating in a report on Thursday, April 11th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $157.00.

Taiwan Semiconductor Manufacturing Price Performance

Shares of TSM traded up $2.57 during mid-day trading on Wednesday, reaching $156.24. 13,355,967 shares of the company's stock were exchanged, compared to its average volume of 14,970,953. The company has a quick ratio of 2.13, a current ratio of 2.39 and a debt-to-equity ratio of 0.27. The company has a 50-day simple moving average of $141.23 and a two-hundred day simple moving average of $121.89. Taiwan Semiconductor Manufacturing Company Limited has a 52-week low of $84.01 and a 52-week high of $158.40. The company has a market cap of $810.32 billion, a price-to-earnings ratio of 29.76, a PEG ratio of 1.10 and a beta of 1.13.

Taiwan Semiconductor Manufacturing (NYSE:TSM - Get Free Report) last released its earnings results on Thursday, April 18th. The semiconductor company reported $1.38 EPS for the quarter, topping the consensus estimate of $1.29 by $0.09. The firm had revenue of $18.87 billion during the quarter, compared to analysts' expectations of $18.38 billion. Taiwan Semiconductor Manufacturing had a net margin of 38.15% and a return on equity of 24.75%. On average, sell-side analysts predict that Taiwan Semiconductor Manufacturing Company Limited will post 6.13 EPS for the current fiscal year.

Taiwan Semiconductor Manufacturing Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 9th. Shareholders of record on Thursday, September 12th will be issued a $0.4865 dividend. This represents a $1.95 dividend on an annualized basis and a dividend yield of 1.25%. The ex-dividend date is Thursday, September 12th. This is a positive change from Taiwan Semiconductor Manufacturing's previous quarterly dividend of $0.44. Taiwan Semiconductor Manufacturing's dividend payout ratio (DPR) is 32.76%.

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.