TT International Asset Management LTD Acquires 375,103 Shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

TT International Asset Management LTD boosted its position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 1,146.1% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 407,832 shares of the semiconductor company’s stock after buying an additional 375,103 shares during the quarter. Taiwan Semiconductor Manufacturing makes up about 11.8% of TT International Asset Management LTD’s portfolio, making the stock its 3rd biggest position. TT International Asset Management LTD’s holdings in Taiwan Semiconductor Manufacturing were worth $80,542,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in TSM. Reston Wealth Management LLC acquired a new position in Taiwan Semiconductor Manufacturing in the 3rd quarter valued at $25,000. Fairscale Capital LLC bought a new stake in shares of Taiwan Semiconductor Manufacturing in the 2nd quarter valued at about $32,000. Sugarloaf Wealth Management LLC boosted its position in shares of Taiwan Semiconductor Manufacturing by 77.1% during the 3rd quarter. Sugarloaf Wealth Management LLC now owns 186 shares of the semiconductor company’s stock valued at $32,000 after purchasing an additional 81 shares in the last quarter. Archer Investment Corp boosted its position in shares of Taiwan Semiconductor Manufacturing by 48.1% during the 3rd quarter. Archer Investment Corp now owns 191 shares of the semiconductor company’s stock valued at $33,000 after purchasing an additional 62 shares in the last quarter. Finally, Abich Financial Wealth Management LLC boosted its holdings in Taiwan Semiconductor Manufacturing by 108.0% in the second quarter. Abich Financial Wealth Management LLC now owns 208 shares of the semiconductor company’s stock worth $36,000 after acquiring an additional 108 shares in the last quarter. Institutional investors and hedge funds own 16.51% of the company’s stock.

Wall Street Analyst Weigh In

TSM has been the subject of a number of recent research reports. Susquehanna reissued a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a research report on Friday, October 18th. Needham & Company LLC restated a “buy” rating and set a $210.00 price target on shares of Taiwan Semiconductor Manufacturing in a report on Thursday, October 17th. Barclays upped their target price on Taiwan Semiconductor Manufacturing from $215.00 to $240.00 and gave the stock an “overweight” rating in a report on Monday, November 18th. Finally, StockNews.com cut Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a report on Sunday, November 17th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $214.00.

Taiwan Semiconductor Manufacturing Stock Performance

NYSE TSM opened at $208.39 on Monday. 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 stock has a market cap of $1.08 trillion, a PE ratio of 33.40, a P/E/G ratio of 0.93 and a beta of 1.07. The stock has a fifty day simple moving average of $196.94 and a 200-day simple moving average of $183.39. Taiwan Semiconductor Manufacturing Company Limited has a twelve month low of $99.99 and a twelve month high of $222.20.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last announced its quarterly earnings results on Thursday, October 17th. The semiconductor company reported $1.94 EPS for the quarter, beating the consensus estimate of $1.74 by $0.20. The company had revenue of $23.50 billion for the quarter, compared to analyst estimates of $22.72 billion. Taiwan Semiconductor Manufacturing had a net margin of 39.10% and a return on equity of 27.44%. Equities analysts anticipate that Taiwan Semiconductor Manufacturing Company Limited will post 6.95 earnings per share for the current year.

Taiwan Semiconductor Manufacturing Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 10th. Shareholders of record on Tuesday, March 18th will be issued a $0.5484 dividend. The ex-dividend date is Tuesday, March 18th. This represents a $2.19 dividend on an annualized basis and a yield of 1.05%. This is an increase from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. Taiwan Semiconductor Manufacturing’s dividend payout ratio (DPR) is 35.10%.

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.