Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) Shares Bought by Rockefeller Capital Management L.P.

Rockefeller Capital Management L.P. grew its stake in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 0.3% during the 3rd quarter, Holdings Channel reports. The firm owned 555,358 shares of the semiconductor company’s stock after purchasing an additional 1,902 shares during the quarter. Rockefeller Capital Management L.P.’s holdings in Taiwan Semiconductor Manufacturing were worth $96,424,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Carl P. Sherr & Co. LLC raised its holdings in shares of Taiwan Semiconductor Manufacturing by 47.0% during the third quarter. Carl P. Sherr & Co. LLC now owns 2,455 shares of the semiconductor company’s stock valued at $426,000 after acquiring an additional 785 shares during the last quarter. Pin Oak Investment Advisors Inc. lifted its holdings in Taiwan Semiconductor Manufacturing by 49.8% in the 3rd quarter. Pin Oak Investment Advisors Inc. now owns 391 shares of the semiconductor company’s stock valued at $67,000 after purchasing an additional 130 shares in the last quarter. Financial Counselors Inc. boosted its stake in Taiwan Semiconductor Manufacturing by 0.9% during the 3rd quarter. Financial Counselors Inc. now owns 15,466 shares of the semiconductor company’s stock worth $2,686,000 after purchasing an additional 133 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of Taiwan Semiconductor Manufacturing by 799.2% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,899,088 shares of the semiconductor company’s stock worth $329,815,000 after buying an additional 1,687,886 shares in the last quarter. Finally, Noesis Capital Mangement Corp raised its position in shares of Taiwan Semiconductor Manufacturing by 10.8% in the third quarter. Noesis Capital Mangement Corp now owns 116,114 shares of the semiconductor company’s stock valued at $20,166,000 after buying an additional 11,320 shares during the last quarter. Hedge funds and other institutional investors own 16.51% of the company’s stock.

Wall Street Analysts Forecast Growth

TSM has been the subject of a number of recent research reports. Needham & Company LLC reiterated a “buy” rating and issued a $210.00 price objective on shares of Taiwan Semiconductor Manufacturing in a report on Thursday, October 17th. Susquehanna reissued a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a research note on Friday, October 18th. Barclays upped their price target on Taiwan Semiconductor Manufacturing from $215.00 to $240.00 and gave the company an “overweight” rating in a research note on Monday, November 18th. Finally, StockNews.com downgraded Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a research report on Sunday, November 17th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, Taiwan Semiconductor Manufacturing has a consensus rating of “Moderate Buy” and an average price target of $214.00.

Taiwan Semiconductor Manufacturing Stock Down 1.4 %

NYSE:TSM opened at $181.19 on Friday. Taiwan Semiconductor Manufacturing Company Limited has a 52 week low of $95.25 and a 52 week high of $212.60. 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’s fifty day moving average is $188.95 and its two-hundred day moving average is $174.75. The stock has a market capitalization of $939.73 billion, a price-to-earnings ratio of 29.04, a price-to-earnings-growth ratio of 0.84 and a beta of 1.12.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last released its earnings results on Thursday, October 17th. The semiconductor company reported $1.94 earnings per share for the quarter, beating the consensus estimate of $1.74 by $0.20. Taiwan Semiconductor Manufacturing had a return on equity of 27.44% and a net margin of 39.10%. The company had revenue of $23.50 billion during the quarter, compared to the consensus estimate of $22.72 billion. Research analysts anticipate that Taiwan Semiconductor Manufacturing Company Limited will post 6.95 EPS for the current year.

Taiwan Semiconductor Manufacturing Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 10th. Stockholders of record on Tuesday, March 18th will be paid a $0.5484 dividend. This represents a $2.19 annualized dividend and a dividend yield of 1.21%. The ex-dividend date of this dividend is Tuesday, March 18th. This is a boost from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. Taiwan Semiconductor Manufacturing’s dividend payout ratio (DPR) is presently 31.57%.

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.