Fisher Asset Management LLC Lowers Stake in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Fisher Asset Management LLC lowered its holdings in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 1.4% during the fourth quarter, HoldingsChannel.com reports. The fund owned 28,351,950 shares of the semiconductor company’s stock after selling 415,156 shares during the period. Taiwan Semiconductor Manufacturing accounts for 2.2% of Fisher Asset Management LLC’s portfolio, making the stock its 7th largest holding. Fisher Asset Management LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $5,599,227,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the company. FMR LLC grew its stake in Taiwan Semiconductor Manufacturing by 7.2% during the third quarter. FMR LLC now owns 55,974,769 shares of the semiconductor company’s stock worth $9,721,138,000 after buying an additional 3,783,802 shares during the last quarter. Van ECK Associates Corp grew its stake in 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 buying an additional 1,102,166 shares during the last quarter. WCM Investment Management LLC grew its stake in Taiwan Semiconductor Manufacturing by 14.1% during the third quarter. WCM Investment Management LLC now owns 9,738,181 shares of the semiconductor company’s stock worth $1,733,104,000 after buying an additional 1,206,359 shares during the last quarter. Jennison Associates LLC grew 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 worth $1,372,461,000 after buying an additional 2,931,209 shares during the last quarter. Finally, Janus Henderson Group PLC grew its stake in Taiwan Semiconductor Manufacturing by 19.9% during 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 buying an additional 1,075,425 shares during the last quarter. 16.51% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on TSM. StockNews.com cut shares of Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a research note on Tuesday, January 28th. Barclays upped their target price on shares of Taiwan Semiconductor Manufacturing from $240.00 to $255.00 and gave the stock an “overweight” rating in a research report on Friday, January 17th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $225.00 target price on shares of Taiwan Semiconductor Manufacturing in a research report on Tuesday, February 18th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $220.00.

Taiwan Semiconductor Manufacturing Trading Down 0.5 %

Shares of NYSE TSM opened at $180.10 on Friday. The company’s 50 day simple moving average is $204.74 and its 200 day simple moving average is $191.45. Taiwan Semiconductor Manufacturing Company Limited has a fifty-two week low of $125.78 and a fifty-two week high of $226.40. The firm has a market capitalization of $934.05 billion, a P/E ratio of 25.58, a P/E/G ratio of 0.66 and a beta of 1.06. 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 announced its quarterly earnings data on Thursday, January 16th. The semiconductor company reported $2.24 earnings per share for the quarter, beating the consensus estimate of $2.16 by $0.08. Taiwan Semiconductor Manufacturing had a net margin of 40.51% and a return on equity of 30.47%. On average, analysts predict that Taiwan Semiconductor Manufacturing Company Limited will post 9.2 EPS 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 a positive change from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.55. This represents a $2.74 annualized dividend and a yield of 1.52%. The ex-dividend date is Thursday, June 12th. Taiwan Semiconductor Manufacturing’s dividend payout ratio is currently 31.11%.

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.