Motley Fool Asset Management LLC Has $14.78 Million Stock Holdings in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Motley Fool Asset Management LLC cut its position in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 1.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 142,128 shares of the semiconductor company’s stock after selling 1,840 shares during the quarter. Taiwan Semiconductor Manufacturing accounts for 1.1% of Motley Fool Asset Management LLC’s portfolio, making the stock its 23rd biggest holding. Motley Fool Asset Management LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $14,781,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in TSM. Van ECK Associates Corp lifted its stake in Taiwan Semiconductor Manufacturing by 29.6% during the third quarter. Van ECK Associates Corp now owns 14,795,582 shares of the semiconductor company’s stock worth $1,285,736,000 after purchasing an additional 3,381,514 shares during the period. Morgan Stanley lifted its stake in Taiwan Semiconductor Manufacturing by 11.2% during the third quarter. Morgan Stanley now owns 23,804,180 shares of the semiconductor company’s stock worth $2,068,583,000 after purchasing an additional 2,400,882 shares during the period. Lone Pine Capital LLC lifted its stake in Taiwan Semiconductor Manufacturing by 21.7% during the third quarter. Lone Pine Capital LLC now owns 7,800,152 shares of the semiconductor company’s stock worth $677,833,000 after purchasing an additional 1,389,785 shares during the period. American Century Companies Inc. lifted its stake in Taiwan Semiconductor Manufacturing by 56.2% during the third quarter. American Century Companies Inc. now owns 3,473,637 shares of the semiconductor company’s stock worth $301,859,000 after purchasing an additional 1,250,290 shares during the period. Finally, Northern Trust Corp raised its stake in shares of Taiwan Semiconductor Manufacturing by 44.1% in the third quarter. Northern Trust Corp now owns 3,490,630 shares of the semiconductor company’s stock valued at $303,336,000 after acquiring an additional 1,068,723 shares during the last quarter. 16.51% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on TSM. TD Cowen lifted their target price on shares of Taiwan Semiconductor Manufacturing from $100.00 to $130.00 and gave the company a “hold” rating in a research note on Thursday, April 18th. Needham & Company LLC reissued a “buy” rating and issued a $168.00 price target on shares of Taiwan Semiconductor Manufacturing in a report on Thursday, April 18th. Susquehanna raised their price target on shares of Taiwan Semiconductor Manufacturing from $160.00 to $180.00 and gave the company a “positive” rating in a report on Tuesday, April 2nd. Barclays raised their price target on shares of Taiwan Semiconductor Manufacturing from $145.00 to $150.00 and gave the company an “overweight” rating in a report on Friday, April 19th. Finally, StockNews.com raised shares of Taiwan Semiconductor Manufacturing from a “hold” rating to a “buy” rating in a report on Thursday, April 11th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $157.00.

Taiwan Semiconductor Manufacturing Trading Up 2.7 %

TSM traded up $3.64 during trading on Thursday, reaching $136.61. 18,017,931 shares of the company’s stock were exchanged, compared to its average volume of 15,891,344. The company’s fifty day moving average price is $136.83 and its 200-day moving average price is $114.30. The company has a debt-to-equity ratio of 0.27, a quick ratio of 2.06 and a current ratio of 2.33. Taiwan Semiconductor Manufacturing Company Limited has a fifty-two week low of $81.21 and a fifty-two week high of $158.40. The firm has a market capitalization of $708.52 billion, a PE ratio of 26.02, a P/E/G ratio of 0.95 and a beta of 1.15.

Taiwan Semiconductor Manufacturing Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 11th. Shareholders of record on Thursday, June 13th will be issued a dividend of $0.4408 per share. This represents a $1.76 dividend on an annualized basis and a yield of 1.29%. The ex-dividend date of this dividend is Thursday, June 13th. Taiwan Semiconductor Manufacturing’s dividend payout ratio is presently 32.76%.

About Taiwan Semiconductor Manufacturing

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.