Rockefeller Capital Management L.P. Has $119.39 Million Stock Holdings in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Rockefeller Capital Management L.P. increased its holdings in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 8.9% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 604,726 shares of the semiconductor company’s stock after acquiring an additional 49,368 shares during the period. Rockefeller Capital Management L.P.’s holdings in Taiwan Semiconductor Manufacturing were worth $119,386,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Glass Jacobson Investment Advisors llc raised its stake in Taiwan Semiconductor Manufacturing by 289.4% during the fourth quarter. Glass Jacobson Investment Advisors llc now owns 183 shares of the semiconductor company’s stock worth $36,000 after acquiring an additional 136 shares in the last quarter. Heritage Trust Co acquired a new stake in shares of Taiwan Semiconductor Manufacturing during the 4th quarter worth about $518,000. Seneschal Advisors LLC bought a new position in Taiwan Semiconductor Manufacturing during the 4th quarter valued at about $238,000. Dymon Asia Capital Singapore PTE. LTD. acquired a new position in Taiwan Semiconductor Manufacturing in the fourth quarter valued at about $2,143,000. Finally, Argent Trust Co grew its stake in Taiwan Semiconductor Manufacturing by 2.9% during the fourth quarter. Argent Trust Co now owns 39,810 shares of the semiconductor company’s stock worth $7,862,000 after buying an additional 1,131 shares during the last quarter. Institutional investors own 16.51% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on TSM. Needham & Company LLC reissued a “buy” rating and issued a $225.00 target price on shares of Taiwan Semiconductor Manufacturing in a report on Tuesday, February 18th. StockNews.com cut shares of Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a research report on Tuesday, January 28th. Finally, Barclays raised their price target on Taiwan Semiconductor Manufacturing from $240.00 to $255.00 and gave the company an “overweight” rating in a report on Friday, January 17th. Two investment 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, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $220.00.

Taiwan Semiconductor Manufacturing Stock Performance

TSM stock opened at $156.84 on Friday. Taiwan Semiconductor Manufacturing Company Limited has a twelve month low of $125.78 and a twelve month high of $226.40. The company has a quick ratio of 2.30, a current ratio of 2.57 and a debt-to-equity ratio of 0.24. The company has a market cap of $813.44 billion, a P/E ratio of 22.28, a price-to-earnings-growth ratio of 0.66 and a beta of 1.16. The business’s fifty day moving average is $179.21 and its 200-day moving average is $190.90.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last issued its earnings results on Thursday, January 16th. The semiconductor company reported $2.24 earnings per share (EPS) 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%. Equities research analysts forecast that Taiwan Semiconductor Manufacturing Company Limited will post 9.2 EPS for the current year.

Taiwan Semiconductor Manufacturing Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 10th. Shareholders of record on Thursday, June 12th will be paid a $0.6855 dividend. This represents a $2.74 annualized dividend and a yield of 1.75%. The ex-dividend date is Thursday, June 12th. This is an increase from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.55. Taiwan Semiconductor Manufacturing’s dividend payout ratio is presently 30.68%.

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.