Lord Abbett & CO. LLC Has $362.58 Million Holdings in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Lord Abbett & CO. LLC cut its stake in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 12.3% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 2,087,775 shares of the semiconductor company’s stock after selling 292,378 shares during the period. Taiwan Semiconductor Manufacturing comprises 1.1% of Lord Abbett & CO. LLC’s portfolio, making the stock its 7th biggest holding. Lord Abbett & CO. LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $362,584,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. DGS Capital Management LLC increased its holdings in shares of Taiwan Semiconductor Manufacturing by 8.7% in the third quarter. DGS Capital Management LLC now owns 21,116 shares of the semiconductor company’s stock worth $3,667,000 after purchasing an additional 1,682 shares during the period. Logan Capital Management Inc. raised its position in Taiwan Semiconductor Manufacturing by 20.1% in the 3rd quarter. Logan Capital Management Inc. now owns 334 shares of the semiconductor company’s stock worth $58,000 after purchasing an additional 56 shares during the period. Dantai Capital Ltd boosted its holdings in Taiwan Semiconductor Manufacturing by 62.7% during the 3rd quarter. Dantai Capital Ltd now owns 33,095 shares of the semiconductor company’s stock valued at $5,748,000 after acquiring an additional 12,755 shares during the period. Oddo BHF Asset Management Sas purchased a new position in shares of Taiwan Semiconductor Manufacturing in the third quarter worth $2,449,000. Finally, Garde Capital Inc. increased its position in shares of Taiwan Semiconductor Manufacturing by 142.2% in the third quarter. Garde Capital Inc. now owns 6,246 shares of the semiconductor company’s stock valued at $1,085,000 after acquiring an additional 3,667 shares during the period. 16.51% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on TSM shares. StockNews.com cut Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a report on Sunday, November 17th. Susquehanna restated a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a report on Friday, October 18th. Needham & Company LLC reissued a “buy” rating and issued a $210.00 price target on shares of Taiwan Semiconductor Manufacturing in a research note on Thursday, October 17th. Finally, Barclays raised their price objective on shares of Taiwan Semiconductor Manufacturing from $215.00 to $240.00 and gave the stock an “overweight” rating in a report on Monday, November 18th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $214.00.

Taiwan Semiconductor Manufacturing Trading Up 5.0 %

NYSE:TSM opened at $201.00 on Friday. Taiwan Semiconductor Manufacturing Company Limited has a one year low of $98.80 and a one year high of $212.60. The company’s 50-day simple moving average is $193.04 and its 200 day simple moving average is $177.99. The firm has a market capitalization of $1.04 trillion, a P/E ratio of 32.21, a PEG ratio of 0.90 and a beta of 1.09. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.57 and a quick ratio of 2.30.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last posted its quarterly earnings results on Thursday, October 17th. The semiconductor company reported $1.94 earnings per share for the quarter, topping the consensus estimate of $1.74 by $0.20. Taiwan Semiconductor Manufacturing had a return on equity of 27.44% and a net margin of 39.10%. The company had revenue of $23.50 billion for the quarter, compared to the consensus estimate of $22.72 billion. As a group, analysts forecast that Taiwan Semiconductor Manufacturing Company Limited will post 6.97 EPS for the current fiscal year.

Taiwan Semiconductor Manufacturing Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 10th. Stockholders of record on Tuesday, March 18th will be given a $0.5484 dividend. This represents a $2.19 annualized dividend and a dividend yield of 1.09%. The ex-dividend date is Tuesday, March 18th. This is a positive change from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. Taiwan Semiconductor Manufacturing’s payout ratio is currently 31.57%.

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.