Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) Shares Acquired by First Horizon Advisors Inc.

First Horizon Advisors Inc. lifted its position in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 3.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 6,891 shares of the semiconductor company’s stock after purchasing an additional 205 shares during the period. First Horizon Advisors Inc.’s holdings in Taiwan Semiconductor Manufacturing were worth $717,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Fisher Asset Management LLC raised its position in shares of Taiwan Semiconductor Manufacturing by 1.4% during the 4th quarter. Fisher Asset Management LLC now owns 31,079,682 shares of the semiconductor company’s stock worth $3,232,287,000 after acquiring an additional 442,289 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its position 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 worth $2,328,426,000 after buying an additional 666,826 shares during the last quarter. Morgan Stanley boosted its holdings in shares of Taiwan Semiconductor Manufacturing by 11.2% in the 3rd quarter. Morgan Stanley now owns 23,804,180 shares of the semiconductor company’s stock valued at $2,068,583,000 after buying an additional 2,400,882 shares in the last quarter. Van ECK Associates Corp grew its position 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 buying an additional 3,381,514 shares during the last quarter. Finally, William Blair Investment Management LLC raised its stake in Taiwan Semiconductor Manufacturing by 3.1% during the 3rd quarter. William Blair Investment Management LLC now owns 11,780,144 shares of the semiconductor company’s stock worth $1,023,240,000 after acquiring an additional 355,609 shares in the last quarter. Institutional investors and hedge funds own 16.51% of the company’s stock.

Taiwan Semiconductor Manufacturing Trading Up 3.9 %

NYSE:TSM opened at $141.56 on Friday. Taiwan Semiconductor Manufacturing Company Limited has a 12-month low of $82.53 and a 12-month high of $158.40. The company has a current ratio of 2.33, a quick ratio of 2.06 and a debt-to-equity ratio of 0.27. The stock’s 50 day simple moving average is $138.12 and its 200-day simple moving average is $116.26. The firm has a market cap of $734.19 billion, a P/E ratio of 26.96, a PEG ratio of 1.01 and a beta of 1.13.

Taiwan Semiconductor Manufacturing Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 11th. Shareholders of record on Thursday, June 13th will be paid a $0.4408 dividend. The ex-dividend date is Thursday, June 13th. This represents a $1.76 annualized dividend and a yield of 1.25%. Taiwan Semiconductor Manufacturing’s dividend payout ratio is currently 32.76%.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on TSM. StockNews.com raised Taiwan Semiconductor Manufacturing from a “hold” rating to a “buy” rating in a report on Thursday, April 11th. Susquehanna boosted their price objective on Taiwan Semiconductor Manufacturing from $160.00 to $180.00 and gave the company a “positive” rating in a research note on Tuesday, April 2nd. 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 research report on Thursday, April 18th. Barclays upped their price target on shares of Taiwan Semiconductor Manufacturing from $145.00 to $150.00 and gave the company an “overweight” rating in a research report on Friday, April 19th. Finally, Needham & Company LLC reissued a “buy” rating and set a $168.00 price objective on shares of Taiwan Semiconductor Manufacturing in a research report on Thursday, April 18th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $157.00.

Taiwan Semiconductor Manufacturing Company 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.