Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) Shares Bought by Northern Trust Corp

Northern Trust Corp lifted its holdings in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM - Free Report) by 45.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,244,965 shares of the semiconductor company's stock after buying an additional 1,944,328 shares during the quarter. Northern Trust Corp owned approximately 0.12% of Taiwan Semiconductor Manufacturing worth $1,233,318,000 as of its most recent SEC filing.

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

Wall Street Analysts Forecast Growth

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

Taiwan Semiconductor Manufacturing Trading Up 1.3 %

TSM traded up $2.18 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 company has a current ratio of 2.57, a quick ratio of 2.30 and a debt-to-equity ratio of 0.24. The firm has a market cap of $864.37 billion, a P/E ratio of 23.67, a PEG ratio of 0.66 and a beta of 1.16. The company's fifty day moving average price is $167.63 and its 200 day moving average price is $188.83. Taiwan Semiconductor Manufacturing Company Limited has a 1 year low of $133.21 and a 1 year high of $226.40.

Taiwan Semiconductor Manufacturing (NYSE:TSM - Get Free Report) last issued its quarterly earnings data on Thursday, April 17th. The semiconductor company reported $2.12 EPS for the quarter, topping the consensus estimate of $2.03 by $0.09. Taiwan Semiconductor Manufacturing had a net margin of 40.51% and a return on equity of 30.47%. The firm had revenue of $25.82 billion for the quarter, compared to analyst estimates of $834.10 billion. As a group, equities analysts expect that Taiwan Semiconductor Manufacturing Company Limited will post 9.2 earnings per share for the current year.

Taiwan Semiconductor Manufacturing Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 10th. Stockholders of record on Thursday, June 12th will be paid a $0.6855 dividend. The ex-dividend date of this dividend is Thursday, June 12th. This is a boost from Taiwan Semiconductor Manufacturing's previous quarterly dividend of $0.55. This represents a $2.74 dividend on an annualized basis and a dividend yield of 1.65%. Taiwan Semiconductor Manufacturing's payout ratio is presently 27.76%.

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.