Russell Investments Group Ltd. Grows Position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Russell Investments Group Ltd. grew its holdings in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 3.4% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 4,765,528 shares of the semiconductor company’s stock after purchasing an additional 155,570 shares during the period. Taiwan Semiconductor Manufacturing comprises approximately 1.3% of Russell Investments Group Ltd.’s investment portfolio, making the stock its 8th biggest holding. Russell Investments Group Ltd. owned approximately 0.09% of Taiwan Semiconductor Manufacturing worth $941,650,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in TSM. Morse Asset Management Inc increased its position in shares of Taiwan Semiconductor Manufacturing by 120.7% in the third quarter. Morse Asset Management Inc now owns 17,703 shares of the semiconductor company’s stock valued at $3,074,000 after acquiring an additional 9,683 shares during the last quarter. Quantinno Capital Management LP grew its stake in Taiwan Semiconductor Manufacturing by 35.3% in the third quarter. Quantinno Capital Management LP now owns 51,399 shares of the semiconductor company’s stock valued at $8,927,000 after purchasing an additional 13,413 shares in the last quarter. Stifel Financial Corp increased its position in shares of Taiwan Semiconductor Manufacturing by 7.1% during the 3rd quarter. Stifel Financial Corp now owns 923,845 shares of the semiconductor company’s stock worth $160,445,000 after purchasing an additional 61,609 shares during the last quarter. Texas Capital Bank Wealth Management Services Inc bought a new stake in shares of Taiwan Semiconductor Manufacturing during the 3rd quarter worth approximately $1,758,000. Finally, Two Sigma Advisers LP boosted its holdings in shares of Taiwan Semiconductor Manufacturing by 1,391.8% in the 3rd quarter. Two Sigma Advisers LP now owns 164,100 shares of the semiconductor company’s stock valued at $28,499,000 after buying an additional 153,100 shares during the last quarter. Institutional investors own 16.51% of the company’s stock.

Taiwan Semiconductor Manufacturing Price Performance

NYSE:TSM opened at $146.88 on Friday. The firm’s fifty day moving average price is $186.54 and its two-hundred day moving average price is $192.09. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.57 and a quick ratio of 2.30. The company has a market cap of $761.76 billion, a P/E ratio of 20.86, a P/E/G ratio of 0.66 and a beta of 1.16. Taiwan Semiconductor Manufacturing Company Limited has a one year low of $125.78 and a one year high of $226.40.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last released its quarterly earnings results 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%. Equities analysts expect that Taiwan Semiconductor Manufacturing Company Limited will post 9.2 earnings per share for the current year.

Taiwan Semiconductor Manufacturing Increases Dividend

The company 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 $0.6855 dividend. This represents a $2.74 dividend on an annualized basis and a yield of 1.87%. This is a positive change from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.55. The ex-dividend date is Thursday, June 12th. Taiwan Semiconductor Manufacturing’s dividend payout ratio is currently 30.68%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on TSM shares. StockNews.com downgraded shares of Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a report on Tuesday, January 28th. Barclays boosted their price objective on shares of Taiwan Semiconductor Manufacturing from $240.00 to $255.00 and gave the stock an “overweight” rating in a research note on Friday, January 17th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $225.00 target price on shares of Taiwan Semiconductor Manufacturing in a research note on Tuesday, February 18th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price 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.