E Fund Management Co. Ltd. Has $57.08 Million Stake in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

E Fund Management Co. Ltd. lowered its position in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 19.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 289,028 shares of the semiconductor company’s stock after selling 68,375 shares during the quarter. Taiwan Semiconductor Manufacturing makes up about 2.9% of E Fund Management Co. Ltd.’s investment portfolio, making the stock its 6th largest position. E Fund Management Co. Ltd.’s holdings in Taiwan Semiconductor Manufacturing were worth $57,080,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Nisa Investment Advisors LLC boosted its position in shares of Taiwan Semiconductor Manufacturing by 5.8% during the third quarter. Nisa Investment Advisors LLC now owns 1,817 shares of the semiconductor company’s stock worth $317,000 after buying an additional 100 shares during the period. Forum Financial Management LP acquired a new position in shares of Taiwan Semiconductor Manufacturing during the third quarter worth about $225,000. Impax Asset Management Group plc boosted its position in shares of Taiwan Semiconductor Manufacturing by 33.7% during the third quarter. Impax Asset Management Group plc now owns 26,418 shares of the semiconductor company’s stock worth $4,588,000 after buying an additional 6,664 shares during the period. Crestwood Advisors Group LLC boosted its position in shares of Taiwan Semiconductor Manufacturing by 29.3% during the third quarter. Crestwood Advisors Group LLC now owns 3,289 shares of the semiconductor company’s stock worth $571,000 after buying an additional 745 shares during the period. Finally, Focused Wealth Management Inc acquired a new position in shares of Taiwan Semiconductor Manufacturing during the third quarter worth about $87,000. Institutional investors own 16.51% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently commented on TSM shares. Needham & Company LLC reissued a “buy” rating and set a $225.00 price target on shares of Taiwan Semiconductor Manufacturing in a research report on Tuesday, February 18th. StockNews.com lowered Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a research note on Tuesday, January 28th. Finally, 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 note on Friday, January 17th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, Taiwan Semiconductor Manufacturing has an average rating of “Moderate Buy” and an average price target of $220.00.

Taiwan Semiconductor Manufacturing Price Performance

TSM stock opened at $184.33 on Thursday. The company has a market capitalization of $956.03 billion, a P/E ratio of 26.18, a price-to-earnings-growth ratio of 0.66 and a beta of 1.06. The company has a debt-to-equity ratio of 0.24, a quick ratio of 2.30 and a current ratio of 2.57. Taiwan Semiconductor Manufacturing Company Limited has a 52-week low of $125.78 and a 52-week high of $226.40. The business has a 50-day simple moving average of $203.09 and a two-hundred day simple moving average of $191.72.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last announced its earnings results 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 return on equity of 30.47% and a net margin of 40.51%. 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 company also recently declared a quarterly dividend, which will be paid on Thursday, July 10th. Stockholders of record on Thursday, June 12th will be issued a $0.6855 dividend. The ex-dividend date of this dividend is Thursday, June 12th. This represents a $2.74 annualized dividend and a dividend yield of 1.49%. This is a boost from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.55. Taiwan Semiconductor Manufacturing’s dividend payout ratio is presently 31.11%.

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.