Alliancebernstein L.P. Acquires 1,276,793 Shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Alliancebernstein L.P. raised its holdings in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 23.4% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 6,742,256 shares of the semiconductor company’s stock after purchasing an additional 1,276,793 shares during the period. Alliancebernstein L.P. owned 0.13% of Taiwan Semiconductor Manufacturing worth $1,331,528,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the business. Jennison Associates LLC raised its stake in Taiwan Semiconductor Manufacturing by 72.9% during the fourth quarter. Jennison Associates LLC now owns 6,949,520 shares of the semiconductor company’s stock valued at $1,372,461,000 after buying an additional 2,931,209 shares during the last quarter. Alphinity Investment Management Pty Ltd bought a new position in shares of Taiwan Semiconductor Manufacturing during the fourth quarter valued at $349,241,000. Public Employees Retirement System of Ohio purchased a new position in shares of Taiwan Semiconductor Manufacturing in the 3rd quarter worth about $229,098,000. Van ECK Associates Corp boosted its stake in 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 purchasing an additional 1,102,166 shares in the last quarter. Finally, Janus Henderson Group PLC increased its stake in Taiwan Semiconductor Manufacturing by 19.9% during the 3rd quarter. Janus Henderson Group PLC now owns 6,485,854 shares of the semiconductor company’s stock valued at $1,126,420,000 after purchasing an additional 1,075,425 shares in the last quarter. 16.51% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts have recently issued reports on the stock. StockNews.com downgraded shares of Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a research note on Tuesday, January 28th. Barclays increased their target price on Taiwan Semiconductor Manufacturing from $240.00 to $255.00 and gave the company an “overweight” rating in a research note on Friday, January 17th. Finally, 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. Two research analysts have 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 has an average rating of “Moderate Buy” and a consensus target price of $220.00.

Taiwan Semiconductor Manufacturing Trading Down 1.4 %

NYSE:TSM opened at $165.82 on Monday. The company has a market cap of $860.00 billion, a PE ratio of 23.55, a price-to-earnings-growth ratio of 0.66 and a beta of 1.13. The company has a current ratio of 2.57, a quick ratio of 2.30 and a debt-to-equity ratio of 0.24. The company has a 50 day simple moving average of $192.35 and a two-hundred day simple moving average of $192.71. Taiwan Semiconductor Manufacturing Company Limited has a 12 month low of $125.78 and a 12 month high of $226.40.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last posted its quarterly earnings data on Thursday, January 16th. The semiconductor company reported $2.24 EPS for the quarter, beating 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%. Research 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 disclosed a quarterly dividend, which will be paid on Thursday, July 10th. Investors of record on Thursday, June 12th will be issued a $0.6855 dividend. This is an increase from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.55. The ex-dividend date of this dividend is Thursday, June 12th. This represents a $2.74 dividend on an annualized basis and a dividend yield of 1.65%. 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.