Allianz Asset Management GmbH Grows Stock Holdings in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Allianz Asset Management GmbH increased its stake in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 69.2% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,021,469 shares of the semiconductor company’s stock after purchasing an additional 417,870 shares during the period. Allianz Asset Management GmbH’s holdings in Taiwan Semiconductor Manufacturing were worth $201,735,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently made changes to their positions in TSM. Reston Wealth Management LLC purchased a new position in shares of Taiwan Semiconductor Manufacturing during the third quarter valued at approximately $25,000. Stonebridge Financial Group LLC purchased a new stake in Taiwan Semiconductor Manufacturing during the fourth quarter valued at approximately $25,000. Roxbury Financial LLC purchased a new stake in Taiwan Semiconductor Manufacturing during the fourth quarter valued at approximately $29,000. Archer Investment Corp raised its position in Taiwan Semiconductor Manufacturing by 48.1% in the third quarter. Archer Investment Corp now owns 191 shares of the semiconductor company’s stock worth $33,000 after acquiring an additional 62 shares during the period. Finally, American Capital Advisory LLC purchased a new position in shares of Taiwan Semiconductor Manufacturing during the 3rd quarter worth $38,000. 16.51% of the stock is owned by hedge funds and other institutional investors.

Taiwan Semiconductor Manufacturing Price Performance

NYSE:TSM opened at $199.94 on Friday. The business’s 50-day simple moving average is $205.85 and its two-hundred day simple moving average is $190.22. Taiwan Semiconductor Manufacturing Company Limited has a 52 week low of $122.91 and a 52 week high of $226.40. The stock has a market cap of $1.04 trillion, a PE ratio of 28.40, a P/E/G ratio of 0.66 and a beta of 1.06. The company has a quick ratio of 2.30, a current ratio of 2.57 and a debt-to-equity ratio of 0.24.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last released its earnings results on Thursday, January 16th. The semiconductor company reported $2.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.16 by $0.08. Taiwan Semiconductor Manufacturing had a return on equity of 30.47% and a net margin of 40.51%. As a group, analysts forecast that Taiwan Semiconductor Manufacturing Company Limited will post 9.2 EPS for the current fiscal year.

Taiwan Semiconductor Manufacturing Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 10th. Shareholders of record on Thursday, June 12th will be issued a dividend of $0.6855 per share. This is a positive change from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.55. This represents a $2.74 dividend on an annualized basis and a yield of 1.37%. The ex-dividend date of this dividend is Thursday, June 12th. Taiwan Semiconductor Manufacturing’s dividend payout ratio (DPR) is 27.27%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on TSM shares. Needham & Company LLC restated a “buy” rating and issued a $225.00 price objective on shares of Taiwan Semiconductor Manufacturing in a research note on Tuesday. Barclays upped their price target on 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, StockNews.com downgraded Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a research note on Tuesday, January 28th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average 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.