AustralianSuper Pty Ltd Has $278.99 Million Position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

AustralianSuper Pty Ltd cut its stake in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 23.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,412,700 shares of the semiconductor company’s stock after selling 429,987 shares during the quarter. Taiwan Semiconductor Manufacturing accounts for about 1.3% of AustralianSuper Pty Ltd’s investment portfolio, making the stock its 10th largest holding. AustralianSuper Pty Ltd’s holdings in Taiwan Semiconductor Manufacturing were worth $278,994,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. Asset Planning Inc bought a new stake in shares of Taiwan Semiconductor Manufacturing during the 4th quarter valued at about $203,000. Pictet North America Advisors SA grew its position in Taiwan Semiconductor Manufacturing by 0.5% during the fourth quarter. Pictet North America Advisors SA now owns 224,172 shares of the semiconductor company’s stock valued at $44,272,000 after buying an additional 1,130 shares during the period. AMS Capital Ltda increased its holdings in Taiwan Semiconductor Manufacturing by 3.1% during the fourth quarter. AMS Capital Ltda now owns 129,230 shares of the semiconductor company’s stock valued at $25,522,000 after buying an additional 3,941 shares during the last quarter. Root Financial Partners LLC purchased a new position in shares of Taiwan Semiconductor Manufacturing during the 4th quarter worth $215,000. Finally, Walkner Condon Financial Advisors LLC grew its position in shares of Taiwan Semiconductor Manufacturing by 13.3% during the 4th quarter. Walkner Condon Financial Advisors LLC now owns 1,619 shares of the semiconductor company’s stock valued at $320,000 after acquiring an additional 190 shares during the period. 16.51% of the stock is owned by hedge funds and other institutional investors.

Taiwan Semiconductor Manufacturing Stock Performance

NYSE:TSM opened at $201.70 on Friday. The company has a market cap of $1.05 trillion, a price-to-earnings ratio of 28.65, a PEG ratio of 0.70 and a beta of 1.06. The stock’s 50 day simple moving average is $205.29 and its two-hundred day simple moving average is $188.58. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.57 and a quick ratio of 2.30. Taiwan Semiconductor Manufacturing Company Limited has a 1 year low of $122.91 and a 1 year high of $226.40.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last announced its earnings results on Thursday, January 16th. The semiconductor company reported $2.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.16 by $0.08. Taiwan Semiconductor Manufacturing had a net margin of 40.51% and a return on equity of 30.47%. As a group, equities analysts anticipate that Taiwan Semiconductor Manufacturing Company Limited will post 9.12 earnings per share for the current fiscal year.

Taiwan Semiconductor Manufacturing Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 10th. Stockholders of record on Thursday, June 12th will be issued a $0.6855 dividend. This is a boost from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.55. The ex-dividend date of this dividend is Thursday, June 12th. This represents a $2.74 dividend on an annualized basis and a dividend yield of 1.36%. Taiwan Semiconductor Manufacturing’s payout ratio is 27.27%.

Wall Street Analysts Forecast Growth

TSM has been the subject of a number of recent analyst reports. Barclays upped their price target on shares of Taiwan Semiconductor Manufacturing from $240.00 to $255.00 and gave the stock an “overweight” rating in a research report on Friday, January 17th. Susquehanna reaffirmed a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a report on Friday, October 18th. Needham & Company LLC reiterated a “buy” rating and set a $225.00 price objective on shares of Taiwan Semiconductor Manufacturing in a research report on Thursday, January 16th. Finally, StockNews.com lowered shares of Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a research report on Tuesday, January 28th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, Taiwan Semiconductor Manufacturing presently has a consensus rating of “Moderate Buy” and a consensus target price of $220.00.

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.