Fosun International Ltd Takes Position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Fosun International Ltd bought a new position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) during the fourth quarter, according to the company in its most recent filing with the SEC. The firm bought 1,270 shares of the semiconductor company’s stock, valued at approximately $251,000.

Several other hedge funds have also added to or reduced their stakes in the business. Price T Rowe Associates Inc. MD boosted its position in Taiwan Semiconductor Manufacturing by 67.0% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 10,365,404 shares of the semiconductor company’s stock valued at $2,047,065,000 after buying an additional 4,158,772 shares during the period. Jennison Associates LLC raised its stake in shares of 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 valued at $1,372,461,000 after acquiring an additional 2,931,209 shares during the last quarter. FMR LLC boosted its holdings in shares of Taiwan Semiconductor Manufacturing by 4.6% during the fourth quarter. FMR LLC now owns 58,547,257 shares of the semiconductor company’s stock worth $11,562,498,000 after purchasing an additional 2,572,488 shares during the period. Franklin Resources Inc. boosted its holdings in shares of Taiwan Semiconductor Manufacturing by 32.3% during the fourth quarter. Franklin Resources Inc. now owns 8,498,063 shares of the semiconductor company’s stock worth $1,678,283,000 after purchasing an additional 2,074,329 shares during the period. Finally, Northern Trust Corp increased its holdings in Taiwan Semiconductor Manufacturing by 45.2% during the 4th quarter. Northern Trust Corp now owns 6,244,965 shares of the semiconductor company’s stock valued at $1,233,318,000 after purchasing an additional 1,944,328 shares during the period. 16.51% of the stock is owned by institutional investors.

Taiwan Semiconductor Manufacturing Price Performance

Shares of TSM stock opened at $176.65 on Friday. 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 stock has a market cap of $916.18 billion, a price-to-earnings ratio of 25.09, a PEG ratio of 0.66 and a beta of 1.21. The business’s fifty day moving average is $165.73 and its 200 day moving average is $187.66. Taiwan Semiconductor Manufacturing Company Limited has a twelve month low of $133.57 and a twelve month high of $226.40.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last issued its quarterly earnings results on Thursday, April 17th. The semiconductor company reported $2.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.03 by $0.09. Taiwan Semiconductor Manufacturing had a net margin of 40.51% and a return on equity of 30.47%. The company had revenue of $25.82 billion during the quarter, compared to analyst estimates of $834.10 billion. Research analysts expect 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 declared a quarterly dividend, which will be paid on Thursday, July 10th. Stockholders of record on Thursday, June 12th will be given a $0.6855 dividend. This is a boost from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.55. This represents a $2.74 dividend on an annualized basis and a dividend yield of 1.55%. The ex-dividend date is Thursday, June 12th. Taiwan Semiconductor Manufacturing’s payout ratio is currently 27.76%.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on TSM shares. Needham & Company LLC reiterated a “buy” rating and issued a $225.00 price objective on shares of Taiwan Semiconductor Manufacturing in a report on Thursday, April 17th. Susquehanna reaffirmed a “positive” rating on shares of Taiwan Semiconductor Manufacturing in a research note on Friday, April 25th. Barclays reissued a “hold” rating on shares of Taiwan Semiconductor Manufacturing in a research report on Friday, April 25th. Finally, StockNews.com cut shares of Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a research report on Tuesday, January 28th. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $212.00.

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.