Handelsbanken Fonder AB Has $146.74 Million Position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Handelsbanken Fonder AB increased its position in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 17.6% during the 4th quarter, HoldingsChannel.com reports. The fund owned 743,000 shares of the semiconductor company’s stock after purchasing an additional 111,000 shares during the period. Taiwan Semiconductor Manufacturing makes up about 0.6% of Handelsbanken Fonder AB’s portfolio, making the stock its 28th biggest holding. Handelsbanken Fonder AB’s holdings in Taiwan Semiconductor Manufacturing were worth $146,735,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in TSM. FMR LLC raised its stake in Taiwan Semiconductor Manufacturing by 7.2% during the third quarter. FMR LLC now owns 55,974,769 shares of the semiconductor company’s stock worth $9,721,138,000 after acquiring an additional 3,783,802 shares in the last quarter. Jennison Associates LLC grew its holdings in shares of Taiwan Semiconductor Manufacturing by 72.9% during 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 purchasing an additional 2,931,209 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in Taiwan Semiconductor Manufacturing by 799.2% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,899,088 shares of the semiconductor company’s stock worth $329,815,000 after purchasing an additional 1,687,886 shares in the last quarter. Public Employees Retirement System of Ohio bought a new position in Taiwan Semiconductor Manufacturing in the 3rd quarter valued at approximately $229,098,000. Finally, WCM Investment Management LLC boosted its position in Taiwan Semiconductor Manufacturing by 14.1% in the third quarter. WCM Investment Management LLC now owns 9,738,181 shares of the semiconductor company’s stock valued at $1,733,104,000 after buying an additional 1,206,359 shares in the last quarter. 16.51% of the stock is currently owned by institutional investors.

Taiwan Semiconductor Manufacturing Price Performance

Taiwan Semiconductor Manufacturing stock opened at $200.88 on Thursday. The firm has a market cap of $1.04 trillion, a P/E ratio of 28.53, a P/E/G ratio of 0.67 and a beta of 1.06. The stock’s 50 day moving average is $205.68 and its 200 day moving average is $190.15. 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 one year low of $122.91 and a one year high of $226.40.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last posted its quarterly earnings data on Thursday, January 16th. The semiconductor company reported $2.24 EPS for the quarter, beating analysts’ consensus estimates 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, research analysts expect that Taiwan Semiconductor Manufacturing Company Limited will post 9.2 EPS for the current 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 issued a dividend of $0.6855 per share. This represents a $2.74 dividend on an annualized basis and a dividend yield of 1.36%. 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. Taiwan Semiconductor Manufacturing’s dividend payout ratio is presently 31.11%.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on TSM shares. Needham & Company LLC reiterated a “buy” rating and issued a $225.00 price target on shares of Taiwan Semiconductor Manufacturing in a research note on Tuesday. StockNews.com lowered Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a research note on Tuesday, January 28th. Finally, Barclays upped their price objective on Taiwan Semiconductor Manufacturing from $240.00 to $255.00 and gave the company an “overweight” rating in a research note on Friday, January 17th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target 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.