Arrowstreet Capital Limited Partnership Sells 3,036,192 Shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Arrowstreet Capital Limited Partnership lowered its stake in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 39.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 4,744,052 shares of the semiconductor company’s stock after selling 3,036,192 shares during the quarter. Taiwan Semiconductor Manufacturing makes up 0.7% of Arrowstreet Capital Limited Partnership’s investment portfolio, making the stock its 15th largest position. Arrowstreet Capital Limited Partnership’s holdings in Taiwan Semiconductor Manufacturing were worth $936,903,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Van ECK Associates Corp grew its holdings in shares of Taiwan Semiconductor Manufacturing by 6.0% during the fourth 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. GQG Partners LLC boosted its stake in shares of Taiwan Semiconductor Manufacturing by 11.0% in 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 in the last quarter. Jennison Associates LLC raised its position in Taiwan Semiconductor Manufacturing by 72.9% in 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 during the period. Janus Henderson Group PLC lifted its stake in Taiwan Semiconductor Manufacturing by 19.9% in the third quarter. Janus Henderson Group PLC now owns 6,485,854 shares of the semiconductor company’s stock worth $1,126,420,000 after purchasing an additional 1,075,425 shares during the last quarter. Finally, Franklin Resources Inc. boosted its position in Taiwan Semiconductor Manufacturing by 13.2% during the third quarter. Franklin Resources Inc. now owns 6,423,734 shares of the semiconductor company’s stock valued at $1,234,706,000 after buying an additional 750,515 shares during the period. Hedge funds and other institutional investors own 16.51% of the company’s stock.

Taiwan Semiconductor Manufacturing Trading Down 1.4 %

TSM opened at $165.82 on Friday. Taiwan Semiconductor Manufacturing Company Limited has a one year low of $125.78 and a one year high of $226.40. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.57 and a quick ratio of 2.30. The business has a 50 day simple moving average of $192.35 and a two-hundred day simple moving average of $192.55. The firm has a market capitalization of $860.00 billion, a price-to-earnings ratio of 23.55, a PEG ratio of 0.66 and a beta of 1.13.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last announced its earnings results 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%. Analysts predict that Taiwan Semiconductor Manufacturing Company Limited will post 9.2 EPS for the current year.

Taiwan Semiconductor Manufacturing Increases Dividend

The business 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 dividend of $0.6855 per share. This is a positive change 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 payout ratio is presently 30.68%.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on TSM. Barclays lifted their price objective on Taiwan Semiconductor Manufacturing from $240.00 to $255.00 and gave the stock an “overweight” rating in a report on Friday, January 17th. StockNews.com downgraded Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a research report on Tuesday, January 28th. Finally, Needham & Company LLC restated a “buy” rating and issued a $225.00 target price on shares of Taiwan Semiconductor Manufacturing in a report on Tuesday, February 18th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, Taiwan Semiconductor Manufacturing has a consensus rating of “Moderate Buy” and a consensus price target of $220.00.

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.