Axiom Investors LLC DE Acquires 301,735 Shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Axiom Investors LLC DE grew its holdings in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 14.3% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,409,125 shares of the semiconductor company’s stock after buying an additional 301,735 shares during the period. Taiwan Semiconductor Manufacturing accounts for about 3.5% of Axiom Investors LLC DE’s holdings, making the stock its 7th biggest holding. Axiom Investors LLC DE’s holdings in Taiwan Semiconductor Manufacturing were worth $475,778,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. FSB Premier Wealth Management Inc. boosted its stake in Taiwan Semiconductor Manufacturing by 7.3% during the fourth quarter. FSB Premier Wealth Management Inc. now owns 5,069 shares of the semiconductor company’s stock worth $1,001,000 after buying an additional 347 shares during the last quarter. Hazlett Burt & Watson Inc. raised its holdings in shares of Taiwan Semiconductor Manufacturing by 25.2% during the 4th quarter. Hazlett Burt & Watson Inc. now owns 373 shares of the semiconductor company’s stock worth $73,000 after acquiring an additional 75 shares during the period. O Shaughnessy Asset Management LLC boosted its position in shares of Taiwan Semiconductor Manufacturing by 5.9% during the 4th quarter. O Shaughnessy Asset Management LLC now owns 349,791 shares of the semiconductor company’s stock valued at $69,080,000 after acquiring an additional 19,401 shares during the last quarter. Brandywine Global Investment Management LLC increased its position in Taiwan Semiconductor Manufacturing by 11.7% during the fourth quarter. Brandywine Global Investment Management LLC now owns 71,912 shares of the semiconductor company’s stock worth $14,202,000 after purchasing an additional 7,520 shares during the last quarter. Finally, IPG Investment Advisors LLC raised its stake in Taiwan Semiconductor Manufacturing by 42.3% during the fourth quarter. IPG Investment Advisors LLC now owns 1,786 shares of the semiconductor company’s stock worth $354,000 after purchasing an additional 531 shares during the period. 16.51% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently commented on TSM. Needham & Company LLC reiterated a “buy” rating and issued a $225.00 price objective on shares of Taiwan Semiconductor Manufacturing in a report on Tuesday, February 18th. Barclays raised their price objective 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 lowered shares of Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a research note on Tuesday, January 28th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $220.00.

Taiwan Semiconductor Manufacturing Stock Down 1.4 %

Shares of NYSE:TSM opened at $165.82 on Monday. The company has a quick ratio of 2.30, a current ratio of 2.57 and a debt-to-equity ratio of 0.24. The firm’s 50-day simple moving average is $192.35 and its 200-day simple moving average is $192.71. The company has a market cap of $860.00 billion, a price-to-earnings ratio of 23.55, a PEG ratio of 0.66 and a beta of 1.13. Taiwan Semiconductor Manufacturing Company Limited has a fifty-two week low of $125.78 and a fifty-two week high of $226.40.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last issued its quarterly earnings data on Thursday, January 16th. The semiconductor company reported $2.24 earnings per share for the quarter, topping analysts’ consensus estimates of $2.16 by $0.08. Taiwan Semiconductor Manufacturing had a net margin of 40.51% and a return on equity of 30.47%. As a group, equities research analysts predict that Taiwan Semiconductor Manufacturing Company Limited will post 9.2 earnings per share 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. Shareholders of record on Thursday, June 12th will be paid a dividend of $0.6855 per share. This is an increase from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.55. This represents a $2.74 annualized dividend and a yield of 1.65%. The ex-dividend date is Thursday, June 12th. Taiwan Semiconductor Manufacturing’s payout ratio is currently 30.68%.

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.