Daiwa Securities Group Inc. Has $4.02 Million Stock Position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Daiwa Securities Group Inc. lifted its position in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 7.4% during the 3rd quarter, Holdings Channel.com reports. The firm owned 23,148 shares of the semiconductor company’s stock after purchasing an additional 1,600 shares during the quarter. Daiwa Securities Group Inc.’s holdings in Taiwan Semiconductor Manufacturing were worth $4,021,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Van ECK Associates Corp increased its holdings in Taiwan Semiconductor Manufacturing by 0.7% in the 3rd quarter. Van ECK Associates Corp now owns 18,289,993 shares of the semiconductor company’s stock valued at $3,176,423,000 after buying an additional 122,828 shares during the period. WCM Investment Management LLC increased its stake in Taiwan Semiconductor Manufacturing by 14.1% in the third quarter. WCM Investment Management LLC now owns 9,738,181 shares of the semiconductor company’s stock valued at $1,733,104,000 after acquiring an additional 1,206,359 shares during the period. PineStone Asset Management Inc. raised its position in Taiwan Semiconductor Manufacturing by 116.3% in the second quarter. PineStone Asset Management Inc. now owns 7,784,316 shares of the semiconductor company’s stock worth $1,352,992,000 after purchasing an additional 4,186,133 shares in the last quarter. American Century Companies Inc. lifted its stake in Taiwan Semiconductor Manufacturing by 2.9% during the second quarter. American Century Companies Inc. now owns 4,519,925 shares of the semiconductor company’s stock worth $785,608,000 after purchasing an additional 128,078 shares during the period. Finally, Allspring Global Investments Holdings LLC grew its stake in shares of Taiwan Semiconductor Manufacturing by 2.0% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 4,082,765 shares of the semiconductor company’s stock valued at $709,054,000 after purchasing an additional 80,101 shares during the period. 16.51% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the company. Susquehanna restated a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a research report on Friday, October 18th. Needham & Company LLC reissued a “buy” rating and set a $210.00 price objective on shares of Taiwan Semiconductor Manufacturing in a report on Thursday, October 17th. StockNews.com cut shares of Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a research report on Sunday, November 17th. Finally, Barclays boosted their price target on shares of Taiwan Semiconductor Manufacturing from $215.00 to $240.00 and gave the company an “overweight” rating in a research report on Monday, November 18th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $214.00.

Taiwan Semiconductor Manufacturing Stock Performance

Taiwan Semiconductor Manufacturing stock opened at $183.80 on Wednesday. Taiwan Semiconductor Manufacturing Company Limited has a 12-month low of $95.25 and a 12-month high of $212.60. The stock has a 50-day simple moving average of $188.57 and a 200 day simple moving average of $174.66. 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 capitalization of $953.26 billion, a price-to-earnings ratio of 29.46, a P/E/G ratio of 0.88 and a beta of 1.12.

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

Taiwan Semiconductor Manufacturing Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 10th. Stockholders of record on Tuesday, March 18th will be paid a dividend of $0.5484 per share. This represents a $2.19 annualized dividend and a dividend yield of 1.19%. The ex-dividend date is Tuesday, March 18th. This is a positive change from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. Taiwan Semiconductor Manufacturing’s dividend payout ratio is 31.09%.

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.