The Manufacturers Life Insurance Company Has $310.58 Million Holdings in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

The Manufacturers Life Insurance Company boosted its position in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM - Free Report) by 2.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,572,575 shares of the semiconductor company's stock after purchasing an additional 33,200 shares during the period. The Manufacturers Life Insurance Company's holdings in Taiwan Semiconductor Manufacturing were worth $310,580,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Morse Asset Management Inc grew its position in Taiwan Semiconductor Manufacturing by 120.7% in the third quarter. Morse Asset Management Inc now owns 17,703 shares of the semiconductor company's stock worth $3,074,000 after acquiring an additional 9,683 shares in the last quarter. Advisory Resource Group boosted its holdings in Taiwan Semiconductor Manufacturing by 1.4% in the third quarter. Advisory Resource Group now owns 7,984 shares of the semiconductor company's stock worth $1,387,000 after purchasing an additional 107 shares in the last quarter. Virtu Financial LLC increased its position in Taiwan Semiconductor Manufacturing by 242.1% during the third quarter. Virtu Financial LLC now owns 28,669 shares of the semiconductor company's stock worth $4,979,000 after buying an additional 20,289 shares during the last quarter. Chelsea Counsel Co. raised its holdings in Taiwan Semiconductor Manufacturing by 25.0% during the third quarter. Chelsea Counsel Co. now owns 500 shares of the semiconductor company's stock valued at $87,000 after buying an additional 100 shares in the last quarter. Finally, Tudor Financial Inc. acquired a new stake in shares of Taiwan Semiconductor Manufacturing in the third quarter worth about $530,000. Hedge funds and other institutional investors own 16.51% of the company's stock.

Analysts Set New Price Targets

TSM has been the subject of several analyst reports. Needham & Company LLC restated a "buy" rating and issued a $225.00 target price on shares of Taiwan Semiconductor Manufacturing in a report on Thursday, April 17th. Susquehanna reaffirmed a "positive" rating on shares of Taiwan Semiconductor Manufacturing in a report on Friday, April 25th. StockNews.com downgraded shares of Taiwan Semiconductor Manufacturing from a "buy" rating to a "hold" rating in a report on Tuesday, January 28th. Finally, Barclays restated a "hold" rating on shares of Taiwan Semiconductor Manufacturing in a report on Friday, April 25th. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $212.00.

Taiwan Semiconductor Manufacturing Stock Performance

NYSE TSM traded up $2.18 during midday trading on Wednesday, hitting $166.66. The company had a trading volume of 9,948,724 shares, compared to its average volume of 15,761,579. The firm has a fifty day simple moving average of $167.63 and a two-hundred day simple moving average of $188.83. Taiwan Semiconductor Manufacturing Company Limited has a fifty-two week low of $133.21 and a fifty-two week high of $226.40. The company has a quick ratio of 2.30, a current ratio of 2.57 and a debt-to-equity ratio of 0.24. The stock has a market cap of $864.37 billion, a price-to-earnings ratio of 23.67, a P/E/G ratio of 0.66 and a beta of 1.16.

Taiwan Semiconductor Manufacturing (NYSE:TSM - Get Free Report) last released its earnings results on Thursday, April 17th. The semiconductor company reported $2.12 earnings per share for the quarter, topping analysts' consensus estimates of $2.03 by $0.09. Taiwan Semiconductor Manufacturing had a return on equity of 30.47% and a net margin of 40.51%. The business had revenue of $25.82 billion for the quarter, compared to the consensus estimate of $834.10 billion. Equities analysts forecast that Taiwan Semiconductor Manufacturing Company Limited will post 9.2 earnings per share for the current fiscal year.

Taiwan Semiconductor Manufacturing Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 10th. Shareholders of record on Thursday, June 12th will be paid a dividend of $0.6855 per share. The ex-dividend date is Thursday, June 12th. This represents a $2.74 dividend on an annualized basis and a yield of 1.65%. This is an increase from Taiwan Semiconductor Manufacturing's previous quarterly dividend of $0.55. Taiwan Semiconductor Manufacturing's payout ratio is currently 27.76%.

About Taiwan Semiconductor Manufacturing

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.