Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) Shares Bought by Bfsg LLC

Bfsg LLC grew its stake in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 37.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 16,793 shares of the semiconductor company’s stock after acquiring an additional 4,555 shares during the period. Bfsg LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $1,746,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Massachusetts Financial Services Co. MA grew its stake in shares of Taiwan Semiconductor Manufacturing by 2.6% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 26,794,316 shares of the semiconductor company’s stock valued at $2,328,426,000 after buying an additional 666,826 shares during the period. Morgan Stanley lifted its holdings in Taiwan Semiconductor Manufacturing by 11.2% in the 3rd quarter. Morgan Stanley now owns 23,804,180 shares of the semiconductor company’s stock worth $2,068,583,000 after buying an additional 2,400,882 shares in the last quarter. Van ECK Associates Corp raised its stake in shares of Taiwan Semiconductor Manufacturing by 29.6% in the 3rd quarter. Van ECK Associates Corp now owns 14,795,582 shares of the semiconductor company’s stock valued at $1,285,736,000 after purchasing an additional 3,381,514 shares in the last quarter. William Blair Investment Management LLC raised its stake in shares of Taiwan Semiconductor Manufacturing by 3.1% in the 3rd quarter. William Blair Investment Management LLC now owns 11,780,144 shares of the semiconductor company’s stock valued at $1,023,240,000 after purchasing an additional 355,609 shares in the last quarter. Finally, Lone Pine Capital LLC raised its stake in shares of Taiwan Semiconductor Manufacturing by 21.7% in the 3rd quarter. Lone Pine Capital LLC now owns 7,800,152 shares of the semiconductor company’s stock valued at $677,833,000 after purchasing an additional 1,389,785 shares in the last quarter. 16.51% of the stock is currently owned by institutional investors and hedge funds.

Taiwan Semiconductor Manufacturing Trading Down 0.3 %

Shares of NYSE:TSM traded down $0.46 during mid-day trading on Wednesday, hitting $132.97. The stock had a trading volume of 15,485,344 shares, compared to its average volume of 15,863,682. The company has a debt-to-equity ratio of 0.27, a quick ratio of 2.06 and a current ratio of 2.33. The company has a market cap of $689.64 billion, a PE ratio of 25.26, a P/E/G ratio of 0.93 and a beta of 1.15. Taiwan Semiconductor Manufacturing Company Limited has a 12-month low of $81.21 and a 12-month high of $158.40. The company’s 50 day moving average is $136.61 and its 200-day moving average is $114.01.

Taiwan Semiconductor Manufacturing Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 11th. Shareholders of record on Thursday, June 13th will be given a $0.4408 dividend. The ex-dividend date is Thursday, June 13th. This represents a $1.76 dividend on an annualized basis and a yield of 1.33%. Taiwan Semiconductor Manufacturing’s payout ratio is 32.76%.

Analyst Ratings Changes

Several equities research analysts recently weighed in on TSM shares. Susquehanna increased their price objective on shares of Taiwan Semiconductor Manufacturing from $160.00 to $180.00 and gave the stock a “positive” rating in a research note on Tuesday, April 2nd. Needham & Company LLC reissued a “buy” rating and set a $168.00 target price on shares of Taiwan Semiconductor Manufacturing in a research note on Thursday, April 18th. Barclays increased their target price on shares of Taiwan Semiconductor Manufacturing from $145.00 to $150.00 and gave the company an “overweight” rating in a research note on Friday, April 19th. TD Cowen increased their target price on shares of Taiwan Semiconductor Manufacturing from $100.00 to $130.00 and gave the company a “hold” rating in a research note on Thursday, April 18th. Finally, StockNews.com raised shares of Taiwan Semiconductor Manufacturing from a “hold” rating to a “buy” rating in a research note on Thursday, April 11th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Taiwan Semiconductor Manufacturing currently has a consensus rating of “Moderate Buy” and an average target price of $157.00.

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.