Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) Shares Acquired by CenterBook Partners LP

CenterBook Partners LP raised its stake in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 16.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 121,824 shares of the semiconductor company’s stock after purchasing an additional 16,792 shares during the period. Taiwan Semiconductor Manufacturing accounts for 1.4% of CenterBook Partners LP’s holdings, making the stock its 8th biggest holding. CenterBook Partners LP’s holdings in Taiwan Semiconductor Manufacturing were worth $24,059,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. FMR LLC lifted its stake in shares of Taiwan Semiconductor Manufacturing by 4.6% in the fourth quarter. FMR LLC now owns 58,547,257 shares of the semiconductor company’s stock valued at $11,562,498,000 after buying an additional 2,572,488 shares in the last quarter. Van ECK Associates Corp raised its holdings in shares of Taiwan Semiconductor Manufacturing by 6.0% in the 4th quarter. Van ECK Associates Corp now owns 19,392,159 shares of the semiconductor company’s stock worth $3,829,757,000 after acquiring an additional 1,102,166 shares during the last quarter. Franklin Resources Inc. lifted its position in Taiwan Semiconductor Manufacturing by 32.3% in the 4th quarter. Franklin Resources Inc. now owns 8,498,063 shares of the semiconductor company’s stock valued at $1,678,283,000 after acquiring an additional 2,074,329 shares in the last quarter. GQG Partners LLC boosted its stake in Taiwan Semiconductor Manufacturing by 11.0% during the 4th quarter. GQG Partners LLC now owns 7,819,269 shares of the semiconductor company’s stock valued at $1,544,227,000 after purchasing an additional 777,090 shares during the last quarter. Finally, Jennison Associates LLC increased its holdings 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 purchasing an additional 2,931,209 shares in the last quarter. Institutional investors own 16.51% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Taiwan Semiconductor Manufacturing Stock Performance

Shares of TSM opened at $140.74 on Wednesday. The stock has a 50 day moving average of $183.14 and a 200 day moving average of $191.63. The company has a current ratio of 2.57, a quick ratio of 2.30 and a debt-to-equity ratio of 0.24. Taiwan Semiconductor Manufacturing Company Limited has a 12 month low of $125.78 and a 12 month high of $226.40. The company has a market capitalization of $729.94 billion, a price-to-earnings ratio of 19.99, a PEG ratio of 0.66 and a beta of 1.16.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last issued its quarterly earnings results on Thursday, January 16th. The semiconductor company reported $2.24 earnings per share (EPS) for the quarter, topping the consensus estimate 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, sell-side analysts forecast that Taiwan Semiconductor Manufacturing Company Limited will post 9.2 earnings per share for the current year.

Taiwan Semiconductor Manufacturing Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 10th. Stockholders of record on Thursday, June 12th will be paid a $0.6855 dividend. This is an increase from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.55. The ex-dividend date is Thursday, June 12th. This represents a $2.74 annualized dividend and a dividend yield of 1.95%. Taiwan Semiconductor Manufacturing’s dividend payout ratio (DPR) is presently 30.68%.

About Taiwan Semiconductor Manufacturing

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.