Crestline Management LP Has $25.10 Million Holdings in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Crestline Management LP raised its holdings in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 25.6% in the 4th quarter, HoldingsChannel reports. The firm owned 127,108 shares of the semiconductor company’s stock after buying an additional 25,883 shares during the period. Taiwan Semiconductor Manufacturing makes up approximately 0.8% of Crestline Management LP’s holdings, making the stock its 11th largest holding. Crestline Management LP’s holdings in Taiwan Semiconductor Manufacturing were worth $25,103,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of TSM. Price T Rowe Associates Inc. MD increased its stake in shares of Taiwan Semiconductor Manufacturing by 67.0% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 10,365,404 shares of the semiconductor company’s stock worth $2,047,065,000 after purchasing an additional 4,158,772 shares during the period. Jennison Associates LLC grew its holdings in Taiwan Semiconductor Manufacturing by 72.9% in the 4th quarter. Jennison Associates LLC now owns 6,949,520 shares of the semiconductor company’s stock valued at $1,372,461,000 after buying an additional 2,931,209 shares in the last quarter. FMR LLC increased its position in Taiwan Semiconductor Manufacturing by 4.6% during the 4th quarter. FMR LLC now owns 58,547,257 shares of the semiconductor company’s stock worth $11,562,498,000 after buying an additional 2,572,488 shares during the period. Franklin Resources Inc. lifted its holdings in shares of Taiwan Semiconductor Manufacturing by 32.3% during the fourth quarter. Franklin Resources Inc. now owns 8,498,063 shares of the semiconductor company’s stock worth $1,678,283,000 after buying an additional 2,074,329 shares in the last quarter. Finally, Northern Trust Corp boosted its position in shares of Taiwan Semiconductor Manufacturing by 45.2% in the fourth quarter. Northern Trust Corp now owns 6,244,965 shares of the semiconductor company’s stock valued at $1,233,318,000 after acquiring an additional 1,944,328 shares during the period. Institutional investors and hedge funds own 16.51% of the company’s stock.

Analysts Set New Price Targets

TSM has been the topic of a number of recent research reports. Needham & Company LLC reaffirmed a “buy” rating and set a $225.00 price target on shares of Taiwan Semiconductor Manufacturing in a research report on Thursday, April 17th. Barclays reiterated a “hold” rating on shares of Taiwan Semiconductor Manufacturing in a research report on Friday, April 25th. StockNews.com downgraded Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a research report on Tuesday, January 28th. Finally, Susquehanna reaffirmed a “positive” 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 given a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $212.00.

Taiwan Semiconductor Manufacturing Price Performance

Shares of TSM stock opened at $176.28 on Tuesday. The company has a market cap of $914.26 billion, a P/E ratio of 25.04, a P/E/G ratio of 0.66 and a beta of 1.21. The company has a quick ratio of 2.30, a current ratio of 2.57 and a debt-to-equity ratio of 0.24. Taiwan Semiconductor Manufacturing Company Limited has a twelve month low of $133.57 and a twelve month high of $226.40. The business has a fifty day simple moving average of $166.05 and a 200 day simple moving average of $188.20.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last announced its quarterly earnings results on Thursday, April 17th. The semiconductor company reported $2.12 earnings per share (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 company had revenue of $25.82 billion during the quarter, compared to the consensus estimate of $834.10 billion. On average, sell-side analysts forecast that Taiwan Semiconductor Manufacturing Company Limited will post 9.2 EPS 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. Stockholders of record on Thursday, June 12th will be issued a dividend of $0.6855 per share. This represents a $2.74 dividend on an annualized basis and a dividend yield of 1.56%. The ex-dividend date is Thursday, June 12th. This is a positive change from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.55. Taiwan Semiconductor Manufacturing’s payout ratio is 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.