Nuveen Asset Management LLC Acquires 480,410 Shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Nuveen Asset Management LLC lifted its holdings in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSMGet Rating) by 16.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,332,815 shares of the semiconductor company’s stock after buying an additional 480,410 shares during the period. Nuveen Asset Management LLC owned about 0.06% of Taiwan Semiconductor Manufacturing worth $400,972,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Mmbg Investment Advisors CO. purchased a new stake in shares of Taiwan Semiconductor Manufacturing in the 4th quarter worth approximately $4,613,000. Clough Capital Partners L P acquired a new stake in shares of Taiwan Semiconductor Manufacturing in the fourth quarter worth $38,331,000. Quantitative Investment Management LLC grew its position in Taiwan Semiconductor Manufacturing by 107.7% during the fourth quarter. Quantitative Investment Management LLC now owns 20,072 shares of the semiconductor company’s stock valued at $2,414,000 after buying an additional 10,406 shares during the period. Summit Global Investments lifted its holdings in Taiwan Semiconductor Manufacturing by 18.4% during the fourth quarter. Summit Global Investments now owns 48,460 shares of the semiconductor company’s stock valued at $5,830,000 after purchasing an additional 7,530 shares in the last quarter. Finally, Blair William & Co. IL lifted its holdings in Taiwan Semiconductor Manufacturing by 5.5% during the fourth quarter. Blair William & Co. IL now owns 122,528 shares of the semiconductor company’s stock valued at $14,741,000 after purchasing an additional 6,353 shares in the last quarter.

TSM has been the topic of a number of analyst reports. StockNews.com assumed coverage on shares of Taiwan Semiconductor Manufacturing in a research note on Thursday, March 31st. They set a “buy” rating on the stock. Morgan Stanley upgraded shares of Taiwan Semiconductor Manufacturing from an “equal weight” rating to an “overweight” rating in a research note on Monday, February 7th. downgraded shares of Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a research report on Thursday, April 14th. Zacks Investment Research downgraded shares of Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a research report on Wednesday, April 20th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $125.00 price target on shares of Taiwan Semiconductor Manufacturing in a research report on Thursday, April 14th. Five research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of $135.50.

Shares of NYSE TSM opened at $93.35 on Friday. The company has a quick ratio of 1.86, a current ratio of 2.09 and a debt-to-equity ratio of 0.28. The business’s 50 day moving average is $97.12 and its two-hundred day moving average is $111.66. The company has a market cap of $484.12 billion, a P/E ratio of 19.96 and a beta of 0.94. Taiwan Semiconductor Manufacturing Company Limited has a 12 month low of $85.39 and a 12 month high of $145.00.

Taiwan Semiconductor Manufacturing (NYSE:TSMGet Rating) last announced its quarterly earnings results on Thursday, April 14th. The semiconductor company reported $1.40 earnings per share for the quarter, beating analysts’ consensus estimates of $1.31 by $0.09. Taiwan Semiconductor Manufacturing had a return on equity of 30.84% and a net margin of 38.44%. The firm had revenue of $491.08 billion for the quarter, compared to analysts’ expectations of $471.53 billion. During the same period in the prior year, the business posted $0.96 earnings per share. The business’s revenue was up 35.5% compared to the same quarter last year. Sell-side analysts expect that Taiwan Semiconductor Manufacturing Company Limited will post 5.93 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 13th. Shareholders of record on Friday, September 16th will be issued a $0.4625 dividend. This is an increase from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.39. This represents a $1.85 annualized dividend and a dividend yield of 1.98%. The ex-dividend date of this dividend is Thursday, September 15th. Taiwan Semiconductor Manufacturing’s dividend payout ratio is 32.89%.

Taiwan Semiconductor Manufacturing Profile (Get Rating)

Taiwan Semiconductor Manufacturing Company Limited 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 complementary metal oxide silicon wafer fabrication processes to manufacture logic, mixed-signal, radio frequency, and embedded memory semiconductors.

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Institutional Ownership by Quarter for Taiwan Semiconductor Manufacturing (NYSE:TSM)

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