Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) Shares Acquired by ARK Investment Management LLC

ARK Investment Management LLC increased its stake in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 24.3% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 249,821 shares of the semiconductor company’s stock after acquiring an additional 48,775 shares during the quarter. ARK Investment Management LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $25,981,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in TSM. Mirae Asset Global Investments Co. Ltd. grew its holdings in shares of Taiwan Semiconductor Manufacturing by 30.0% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,381,845 shares of the semiconductor company’s stock worth $144,071,000 after buying an additional 318,570 shares in the last quarter. Zions Bancorporation N.A. boosted its position in shares of Taiwan Semiconductor Manufacturing by 29.2% during the 1st quarter. Zions Bancorporation N.A. now owns 597 shares of the semiconductor company’s stock valued at $62,000 after acquiring an additional 135 shares during the last quarter. Brown Brothers Harriman & Co. boosted its position in shares of Taiwan Semiconductor Manufacturing by 40.1% during the 1st quarter. Brown Brothers Harriman & Co. now owns 12,700 shares of the semiconductor company’s stock valued at $1,324,000 after acquiring an additional 3,638 shares during the last quarter. Merit Financial Group LLC boosted its position in shares of Taiwan Semiconductor Manufacturing by 17.3% during the 1st quarter. Merit Financial Group LLC now owns 2,350 shares of the semiconductor company’s stock valued at $245,000 after acquiring an additional 346 shares during the last quarter. Finally, Ergoteles LLC boosted its position in shares of Taiwan Semiconductor Manufacturing by 138.6% during the 1st quarter. Ergoteles LLC now owns 45,497 shares of the semiconductor company’s stock valued at $4,744,000 after acquiring an additional 26,426 shares during the last quarter. Hedge funds and other institutional investors own 16.51% of the company’s stock.

Taiwan Semiconductor Manufacturing Stock Down 1.6 %

Shares of NYSE:TSM opened at $136.67 on Thursday. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.40 and a quick ratio of 2.13. The firm has a market capitalization of $708.83 billion, a PE ratio of 26.38, a price-to-earnings-growth ratio of 1.06 and a beta of 1.15. The firm’s 50-day moving average is $128.42 and its two-hundred day moving average is $106.78. Taiwan Semiconductor Manufacturing Company Limited has a 1 year low of $81.21 and a 1 year high of $158.40.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last issued its quarterly earnings results on Thursday, January 18th. The semiconductor company reported $1.44 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.37 by $0.07. Taiwan Semiconductor Manufacturing had a net margin of 38.80% and a return on equity of 25.24%. The company had revenue of $19.62 billion for the quarter, compared to analyst estimates of $18.99 billion. Analysts predict that Taiwan Semiconductor Manufacturing Company Limited will post 6.16 EPS for the current year.

Taiwan Semiconductor Manufacturing Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 11th. Investors of record on Thursday, June 13th will be paid a dividend of $0.4408 per share. The ex-dividend date is Thursday, June 13th. This represents a $1.76 dividend on an annualized basis and a dividend yield of 1.29%. Taiwan Semiconductor Manufacturing’s payout ratio is 33.78%.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. Susquehanna boosted their price target on shares of Taiwan Semiconductor Manufacturing from $130.00 to $160.00 and gave the company a “positive” rating in a research report on Tuesday, February 13th. StockNews.com raised shares of Taiwan Semiconductor Manufacturing from a “hold” rating to a “buy” rating in a research report on Friday, December 8th. TD Cowen upped their target price on shares of Taiwan Semiconductor Manufacturing from $85.00 to $95.00 and gave the company a “market perform” rating in a research report on Friday, January 12th. Barclays upped their target price on shares of Taiwan Semiconductor Manufacturing from $110.00 to $125.00 and gave the company an “overweight” rating in a research report on Friday, January 19th. Finally, Needham & Company LLC upped their target price on shares of Taiwan Semiconductor Manufacturing from $115.00 to $133.00 and gave the company a “buy” rating in a research report on Friday, January 19th. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, Taiwan Semiconductor Manufacturing currently has an average rating of “Moderate Buy” and a consensus price target of $128.25.

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 complementary metal oxide silicon wafer fabrication processes to manufacture logic, mixed-signal, radio frequency, and embedded memory semiconductors.