Naples Money Management LLC Takes Position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Naples Money Management LLC purchased a new stake in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) in the fourth quarter, according to its most recent filing with the SEC. The fund purchased 23,280 shares of the semiconductor company’s stock, valued at approximately $2,421,000. Taiwan Semiconductor Manufacturing comprises 2.3% of Naples Money Management LLC’s portfolio, making the stock its 17th biggest position.

A number of other institutional investors have also made changes to their positions in the company. Morgan Stanley increased its holdings in shares of Taiwan Semiconductor Manufacturing by 27.7% in the 4th quarter. Morgan Stanley now owns 32,513,567 shares of the semiconductor company’s stock valued at $2,421,936,000 after acquiring an additional 7,045,899 shares during the last quarter. Massachusetts Financial Services Co. MA grew its stake in Taiwan Semiconductor Manufacturing by 2.6% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 26,794,316 shares of the semiconductor company’s stock worth $2,328,426,000 after buying an additional 666,826 shares during the last quarter. Van ECK Associates Corp grew its stake in Taiwan Semiconductor Manufacturing by 29.6% during the 3rd quarter. Van ECK Associates Corp now owns 14,795,582 shares of the semiconductor company’s stock worth $1,285,736,000 after buying an additional 3,381,514 shares during the last quarter. BlackRock Inc. grew its stake in Taiwan Semiconductor Manufacturing by 24.5% during the 1st quarter. BlackRock Inc. now owns 12,047,759 shares of the semiconductor company’s stock worth $1,120,683,000 after buying an additional 2,373,242 shares during the last quarter. Finally, William Blair Investment Management LLC grew its stake in Taiwan Semiconductor Manufacturing by 3.1% during the 3rd quarter. William Blair Investment Management LLC now owns 11,780,144 shares of the semiconductor company’s stock worth $1,023,240,000 after buying an additional 355,609 shares during the last quarter. 16.51% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

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

Taiwan Semiconductor Manufacturing Price Performance

NYSE TSM traded down $4.56 on Friday, reaching $127.71. The company’s stock had a trading volume of 28,249,516 shares, compared to its average volume of 15,875,887. The firm’s 50 day moving average is $136.61 and its two-hundred day moving average is $112.74. The stock has a market cap of $662.36 billion, a PE ratio of 24.65, a PEG ratio of 1.06 and a beta of 1.15. The company has a debt-to-equity ratio of 0.26, a quick ratio of 2.13 and a current ratio of 2.40. Taiwan Semiconductor Manufacturing Company Limited has a twelve month low of $81.21 and a twelve month high of $158.40.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last posted its quarterly earnings results on Thursday, January 18th. The semiconductor company reported $1.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.37 by $0.07. Taiwan Semiconductor Manufacturing had a net margin of 38.80% and a return on equity of 25.24%. The firm had revenue of $19.62 billion for the quarter, compared to analyst estimates of $18.99 billion. As a group, sell-side analysts predict that Taiwan Semiconductor Manufacturing Company Limited will post 6.15 EPS for the current year.

Taiwan Semiconductor Manufacturing Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 11th. Stockholders of record on Thursday, June 13th will be given a dividend of $0.4408 per share. The ex-dividend date of this dividend is Thursday, June 13th. This represents a $1.76 dividend on an annualized basis and a dividend yield of 1.38%. Taiwan Semiconductor Manufacturing’s dividend payout ratio (DPR) is presently 33.20%.

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 complementary metal oxide silicon wafer fabrication processes to manufacture logic, mixed-signal, radio frequency, and embedded memory semiconductors.