Bahl & Gaynor Inc. Increases Stock Position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Bahl & Gaynor Inc. boosted its stake in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 27.3% during the 4th quarter, Holdings Channel reports. The firm owned 9,330 shares of the semiconductor company’s stock after buying an additional 2,000 shares during the quarter. Bahl & Gaynor Inc.’s holdings in Taiwan Semiconductor Manufacturing were worth $970,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of the stock. Massachusetts Financial Services Co. MA grew its stake in Taiwan Semiconductor Manufacturing by 2.6% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 26,794,316 shares of the semiconductor company’s stock worth $2,328,426,000 after acquiring an additional 666,826 shares in the last quarter. Morgan Stanley raised its holdings in shares of Taiwan Semiconductor Manufacturing by 11.2% in the third 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 during the last quarter. Van ECK Associates Corp raised its holdings in shares of Taiwan Semiconductor Manufacturing by 29.6% in the third quarter. Van ECK Associates Corp now owns 14,795,582 shares of the semiconductor company’s stock worth $1,285,736,000 after buying an additional 3,381,514 shares during the last quarter. William Blair Investment Management LLC raised its holdings in shares of Taiwan Semiconductor Manufacturing by 3.1% in the third quarter. William Blair Investment Management LLC now owns 11,780,144 shares of the semiconductor company’s stock worth $1,023,240,000 after buying an additional 355,609 shares during the last quarter. Finally, Lone Pine Capital LLC raised its holdings in shares of Taiwan Semiconductor Manufacturing by 21.7% in the third quarter. Lone Pine Capital LLC now owns 7,800,152 shares of the semiconductor company’s stock worth $677,833,000 after buying an additional 1,389,785 shares during the last quarter. Hedge funds and other institutional investors own 16.51% of the company’s stock.

Taiwan Semiconductor Manufacturing Stock Up 1.3 %

TSM stock opened at $138.30 on Friday. The firm has a market cap of $717.28 billion, a PE ratio of 26.34, a P/E/G ratio of 0.97 and a beta of 1.15. 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 firm’s fifty day moving average is $137.06 and its 200 day moving average is $114.64. Taiwan Semiconductor Manufacturing Company Limited has a one year low of $82.16 and a one year high of $158.40.

Taiwan Semiconductor Manufacturing Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 11th. Investors of record on Thursday, June 13th will be given a dividend of $0.4408 per share. The ex-dividend date is Thursday, June 13th. This represents a $1.76 annualized dividend and a yield of 1.27%. Taiwan Semiconductor Manufacturing’s dividend payout ratio is presently 32.76%.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on TSM shares. StockNews.com raised shares of Taiwan Semiconductor Manufacturing from a “hold” rating to a “buy” rating in a report on Thursday, April 11th. Barclays raised their target price on shares of Taiwan Semiconductor Manufacturing from $145.00 to $150.00 and gave the stock an “overweight” rating in a report on Friday, April 19th. TD Cowen raised their target price on shares of Taiwan Semiconductor Manufacturing from $100.00 to $130.00 and gave the stock a “hold” rating in a report on Thursday, April 18th. Needham & Company LLC reissued a “buy” rating and set a $168.00 target price on shares of Taiwan Semiconductor Manufacturing in a report on Thursday, April 18th. Finally, Susquehanna raised their target price on shares of Taiwan Semiconductor Manufacturing from $160.00 to $180.00 and gave the stock a “positive” rating in a report on Tuesday, April 2nd. One research 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, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $157.00.

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.