Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) is Tran Capital Management L.P.’s 7th Largest Position

Tran Capital Management L.P. decreased its position in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 5.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 214,541 shares of the semiconductor company’s stock after selling 13,272 shares during the quarter. Taiwan Semiconductor Manufacturing accounts for approximately 4.8% of Tran Capital Management L.P.’s investment portfolio, making the stock its 7th largest holding. Tran Capital Management L.P.’s holdings in Taiwan Semiconductor Manufacturing were worth $42,370,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of TSM. Private Client Services LLC purchased a new stake in shares of Taiwan Semiconductor Manufacturing in the 4th quarter valued at $201,000. Trust Co of the South boosted its holdings in Taiwan Semiconductor Manufacturing by 232.8% in the fourth quarter. Trust Co of the South now owns 8,869 shares of the semiconductor company’s stock valued at $1,752,000 after purchasing an additional 6,204 shares during the last quarter. Headwater Capital Co Ltd acquired a new stake in Taiwan Semiconductor Manufacturing during the 4th quarter worth about $49,372,000. Genesis Private Wealth LLC purchased a new position in shares of Taiwan Semiconductor Manufacturing during the 4th quarter valued at about $462,000. Finally, NRI Wealth Management LC acquired a new position in shares of Taiwan Semiconductor Manufacturing in the 4th quarter valued at about $1,545,000. Hedge funds and other institutional investors own 16.51% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the company. Needham & Company LLC reiterated a “buy” rating and set a $225.00 price target on shares of Taiwan Semiconductor Manufacturing in a research report on Thursday, January 16th. StockNews.com upgraded shares of Taiwan Semiconductor Manufacturing from a “hold” rating to a “buy” rating in a research note on Monday, January 20th. Barclays raised their price target on shares of Taiwan Semiconductor Manufacturing from $240.00 to $255.00 and gave the company an “overweight” rating in a research report on Friday, January 17th. Finally, Susquehanna reiterated a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a research report on Friday, October 18th. One analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $220.00.

Taiwan Semiconductor Manufacturing Stock Performance

TSM opened at $221.73 on Friday. The company has a market cap of $1.15 trillion, a price-to-earnings ratio of 31.50, a PEG ratio of 0.74 and a beta of 1.07. The firm’s fifty day simple moving average is $201.07 and its two-hundred day simple moving average is $185.75. The company has a quick ratio of 2.30, a current ratio of 2.57 and a debt-to-equity ratio of 0.24. Taiwan Semiconductor Manufacturing Company Limited has a 52-week low of $112.61 and a 52-week high of $226.40.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last posted its quarterly earnings data 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%. Equities analysts anticipate that Taiwan Semiconductor Manufacturing Company Limited will post 9.12 earnings per share for the current fiscal year.

Taiwan Semiconductor Manufacturing Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 10th. Shareholders of record on Tuesday, March 18th will be issued a $0.5484 dividend. The ex-dividend date of this dividend is Tuesday, March 18th. This represents a $2.19 dividend on an annualized basis and a yield of 0.99%. This is a positive change from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. Taiwan Semiconductor Manufacturing’s dividend payout ratio (DPR) is presently 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.