Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) is PineStone Asset Management Inc.’s 3rd Largest Position

PineStone Asset Management Inc. cut its holdings in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 6.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,641,798 shares of the semiconductor company’s stock after selling 301,438 shares during the quarter. Taiwan Semiconductor Manufacturing makes up about 8.6% of PineStone Asset Management Inc.’s holdings, making the stock its 3rd biggest holding. PineStone Asset Management Inc. owned 0.09% of Taiwan Semiconductor Manufacturing worth $916,709,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. AMF Tjanstepension AB raised its position in shares of Taiwan Semiconductor Manufacturing by 4.8% in the 3rd quarter. AMF Tjanstepension AB now owns 1,533,207 shares of the semiconductor company’s stock worth $266,300,000 after purchasing an additional 70,057 shares during the last quarter. Creative Planning raised its holdings in Taiwan Semiconductor Manufacturing by 8.1% in the third quarter. Creative Planning now owns 495,686 shares of the semiconductor company’s stock worth $86,086,000 after buying an additional 37,122 shares during the last quarter. Cornerstone Wealth Management LLC lifted its stake in shares of Taiwan Semiconductor Manufacturing by 12.9% in the third quarter. Cornerstone Wealth Management LLC now owns 6,824 shares of the semiconductor company’s stock worth $1,185,000 after buying an additional 778 shares in the last quarter. Good Life Advisors LLC grew its holdings in shares of Taiwan Semiconductor Manufacturing by 25.4% during the third quarter. Good Life Advisors LLC now owns 3,786 shares of the semiconductor company’s stock valued at $658,000 after buying an additional 766 shares during the last quarter. Finally, Bleakley Financial Group LLC increased its position in shares of Taiwan Semiconductor Manufacturing by 0.6% during the third quarter. Bleakley Financial Group LLC now owns 41,649 shares of the semiconductor company’s stock valued at $7,233,000 after acquiring an additional 246 shares in the last quarter. 16.51% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

TSM has been the topic of several analyst reports. Barclays upped their price objective on Taiwan Semiconductor Manufacturing from $240.00 to $255.00 and gave the company an “overweight” rating in a research report on Friday, January 17th. Needham & Company LLC reaffirmed a “buy” rating and set a $225.00 price target on shares of Taiwan Semiconductor Manufacturing in a report on Thursday, January 16th. StockNews.com cut Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a research report on Tuesday, January 28th. Finally, Susquehanna reissued a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a research report on Friday, October 18th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, Taiwan Semiconductor Manufacturing currently has a consensus rating of “Moderate Buy” and an average price target of $220.00.

Taiwan Semiconductor Manufacturing Stock Performance

TSM stock opened at $203.77 on Friday. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.57 and a quick ratio of 2.30. Taiwan Semiconductor Manufacturing Company Limited has a 1 year low of $122.91 and a 1 year high of $226.40. The company has a market cap of $1.06 trillion, a P/E ratio of 28.94, a price-to-earnings-growth ratio of 0.70 and a beta of 1.06. The stock’s fifty day moving average price is $205.24 and its 200-day moving average price is $188.67.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last announced 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%. On average, equities analysts forecast that Taiwan Semiconductor Manufacturing Company Limited will post 9.12 earnings per share for the current year.

Taiwan Semiconductor Manufacturing Increases Dividend

The firm also recently announced 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 boost 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 1.35%. The ex-dividend date is Thursday, June 12th. Taiwan Semiconductor Manufacturing’s dividend payout ratio is currently 27.27%.

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.