Polymer Capital Management HK LTD Has $17.08 Million Stake in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Polymer Capital Management HK LTD boosted its holdings in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 47.7% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 86,493 shares of the semiconductor company’s stock after purchasing an additional 27,938 shares during the quarter. Taiwan Semiconductor Manufacturing accounts for about 3.0% of Polymer Capital Management HK LTD’s portfolio, making the stock its 5th largest holding. Polymer Capital Management HK LTD’s holdings in Taiwan Semiconductor Manufacturing were worth $17,082,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Jennison Associates LLC increased its stake in 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 worth $1,372,461,000 after acquiring an additional 2,931,209 shares during the period. Franklin Resources Inc. increased its position in shares of Taiwan Semiconductor Manufacturing by 32.3% in the fourth quarter. Franklin Resources Inc. now owns 8,498,063 shares of the semiconductor company’s stock worth $1,678,283,000 after purchasing an additional 2,074,329 shares during the period. Alphinity Investment Management Pty Ltd acquired a new position in Taiwan Semiconductor Manufacturing in the fourth quarter valued at about $349,241,000. Public Employees Retirement System of Ohio bought a new stake in Taiwan Semiconductor Manufacturing during the third quarter worth about $229,098,000. Finally, Alliancebernstein L.P. grew its stake in Taiwan Semiconductor Manufacturing by 23.4% during the fourth quarter. Alliancebernstein L.P. now owns 6,742,256 shares of the semiconductor company’s stock worth $1,331,528,000 after buying an additional 1,276,793 shares in the last quarter. Institutional investors own 16.51% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on TSM. Needham & Company LLC reaffirmed a “buy” rating and set a $225.00 price target on shares of Taiwan Semiconductor Manufacturing in a report on Tuesday, February 18th. StockNews.com cut Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a research note on Tuesday, January 28th. Finally, Barclays boosted their price target on Taiwan Semiconductor Manufacturing from $240.00 to $255.00 and gave the stock an “overweight” rating in a report on Friday, January 17th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $220.00.

Taiwan Semiconductor Manufacturing Stock Performance

Shares of Taiwan Semiconductor Manufacturing stock opened at $146.88 on Friday. The company’s 50 day moving average price is $186.54 and its two-hundred day moving average price is $192.26. The firm has a market capitalization of $761.76 billion, a P/E ratio of 20.86, a P/E/G ratio of 0.66 and a beta of 1.16. 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 fifty-two week low of $125.78 and a fifty-two week high of $226.40.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last issued its quarterly earnings data on Thursday, January 16th. The semiconductor company reported $2.24 earnings per share for the quarter, topping analysts’ consensus estimates of $2.16 by $0.08. Taiwan Semiconductor Manufacturing had a return on equity of 30.47% and a net margin of 40.51%. On average, equities analysts forecast that Taiwan Semiconductor Manufacturing Company Limited will post 9.2 earnings per share for the current fiscal year.

Taiwan Semiconductor Manufacturing Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 10th. Investors of record on Thursday, June 12th will be given a dividend of $0.6855 per share. The ex-dividend date of this dividend is Thursday, June 12th. This is an increase from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.55. This represents a $2.74 annualized dividend and a yield of 1.87%. Taiwan Semiconductor Manufacturing’s dividend payout ratio (DPR) is currently 30.68%.

Taiwan Semiconductor Manufacturing 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.