TCW Group Inc. Boosts Stock Holdings in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

TCW Group Inc. lifted its holdings in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM - Free Report) by 2.7% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 195,092 shares of the semiconductor company's stock after acquiring an additional 5,048 shares during the quarter. TCW Group Inc.'s holdings in Taiwan Semiconductor Manufacturing were worth $20,293,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Mather Group LLC. grew its position in shares of Taiwan Semiconductor Manufacturing by 2.0% in the 4th quarter. Mather Group LLC. now owns 4,819 shares of the semiconductor company's stock worth $501,000 after buying an additional 96 shares during the last quarter. Benjamin Edwards Inc. grew its position in shares of Taiwan Semiconductor Manufacturing by 2.3% in the 4th quarter. Benjamin Edwards Inc. now owns 4,239 shares of the semiconductor company's stock worth $441,000 after buying an additional 96 shares during the period. Intrinsic Value Partners LLC increased its stake in shares of Taiwan Semiconductor Manufacturing by 0.4% in the 4th quarter. Intrinsic Value Partners LLC now owns 24,903 shares of the semiconductor company's stock worth $2,590,000 after acquiring an additional 100 shares in the last quarter. Atlas Private Wealth Advisors lifted its position in Taiwan Semiconductor Manufacturing by 3.3% during the 4th quarter. Atlas Private Wealth Advisors now owns 3,288 shares of the semiconductor company's stock valued at $342,000 after acquiring an additional 104 shares during the period. Finally, Advisory Resource Group increased its stake in shares of Taiwan Semiconductor Manufacturing by 1.3% during the fourth quarter. Advisory Resource Group now owns 8,523 shares of the semiconductor company's stock valued at $886,000 after purchasing an additional 108 shares in the last quarter. Hedge funds and other institutional investors own 16.51% of the company's stock.

Analyst Ratings Changes

TSM has been the topic of a number of recent research reports. TD Cowen increased their target price on Taiwan Semiconductor Manufacturing from $100.00 to $130.00 and gave the stock a "hold" rating in a research note on Thursday, April 18th. StockNews.com upgraded shares of Taiwan Semiconductor Manufacturing from a "hold" rating to a "buy" rating in a report on Thursday, April 11th. Needham & Company LLC reaffirmed a "buy" rating and issued a $168.00 price objective on shares of Taiwan Semiconductor Manufacturing in a report on Wednesday. Barclays raised their price objective on shares of Taiwan Semiconductor Manufacturing from $145.00 to $150.00 and gave the stock an "overweight" rating in a report on Friday, April 19th. Finally, 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. One 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, Taiwan Semiconductor Manufacturing has a consensus rating of "Moderate Buy" and a consensus target price of $157.00.

Taiwan Semiconductor Manufacturing Price Performance

Shares of TSM stock traded up $2.89 during trading hours on Friday, hitting $159.98. The stock had a trading volume of 11,895,711 shares, compared to its average volume of 15,001,909. The stock has a market capitalization of $829.72 billion, a price-to-earnings ratio of 30.51, a PEG ratio of 1.12 and a beta of 1.13. Taiwan Semiconductor Manufacturing Company Limited has a one year low of $84.01 and a one year high of $160.78. The stock's 50-day moving average price is $141.58 and its two-hundred day moving average price is $122.14. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.39 and a quick ratio of 2.13.

Taiwan Semiconductor Manufacturing (NYSE:TSM - Get Free Report) last announced its earnings results on Thursday, April 18th. The semiconductor company reported $1.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.29 by $0.09. The firm had revenue of $18.87 billion for 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%. Equities analysts forecast that Taiwan Semiconductor Manufacturing Company Limited will post 6.13 EPS for the current year.

Taiwan Semiconductor Manufacturing Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 9th. Stockholders of record on Thursday, September 12th will be issued a $0.4865 dividend. This represents a $1.95 annualized dividend and a dividend yield of 1.22%. 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.