Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) is Matthews International Capital Management LLC’s 4th Largest Position

Matthews International Capital Management LLC increased its stake in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 23.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 195,243 shares of the semiconductor company’s stock after acquiring an additional 36,845 shares during the quarter. Taiwan Semiconductor Manufacturing makes up 7.9% of Matthews International Capital Management LLC’s investment portfolio, making the stock its 4th largest position. Matthews International Capital Management LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $38,559,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also bought and sold shares of the company. JDH Wealth Management LLC purchased a new position in shares of Taiwan Semiconductor Manufacturing in the fourth quarter valued at about $216,000. Nilsine Partners LLC increased its holdings in Taiwan Semiconductor Manufacturing by 1.1% during the 4th quarter. Nilsine Partners LLC now owns 17,926 shares of the semiconductor company’s stock valued at $3,540,000 after purchasing an additional 201 shares during the period. Lebenthal Global Advisors LLC increased its stake in shares of Taiwan Semiconductor Manufacturing by 9.6% during the fourth quarter. Lebenthal Global Advisors LLC now owns 9,817 shares of the semiconductor company’s stock valued at $1,939,000 after buying an additional 860 shares during the period. Foundations Investment Advisors LLC lifted its stake in Taiwan Semiconductor Manufacturing by 9.3% in the fourth quarter. Foundations Investment Advisors LLC now owns 25,197 shares of the semiconductor company’s stock worth $4,976,000 after acquiring an additional 2,143 shares during the period. Finally, Mount Yale Investment Advisors LLC boosted its holdings in Taiwan Semiconductor Manufacturing by 4.3% in the fourth quarter. Mount Yale Investment Advisors LLC now owns 35,709 shares of the semiconductor company’s stock valued at $7,052,000 after acquiring an additional 1,476 shares in the last quarter. 16.51% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages have commented on TSM. StockNews.com lowered shares of Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a report on Tuesday. Susquehanna reissued a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a research note on Friday, October 18th. Barclays lifted their price objective on 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, Needham & Company LLC reissued a “buy” rating and issued a $225.00 target price on shares of Taiwan Semiconductor Manufacturing in a research report on Thursday, January 16th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, Taiwan Semiconductor Manufacturing has an average rating of “Moderate Buy” and an average target price of $220.00.

Taiwan Semiconductor Manufacturing Trading Down 13.1 %

NYSE:TSM opened at $192.72 on Tuesday. The firm has a market capitalization of $999.52 billion, a P/E ratio of 27.38, a PEG ratio of 0.74 and a beta of 1.07. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.57 and a quick ratio of 2.30. Taiwan Semiconductor Manufacturing Company Limited has a one year low of $112.61 and a one year high of $226.40. The company’s 50-day simple moving average is $201.07 and its 200 day simple moving average is $185.72.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last issued its quarterly earnings results on Thursday, January 16th. The semiconductor company reported $2.24 EPS for the quarter, topping analysts’ consensus estimates of $2.16 by $0.08. Taiwan Semiconductor Manufacturing had a return on equity of 30.47% and a net margin of 40.51%. As a group, analysts forecast that Taiwan Semiconductor Manufacturing Company Limited will post 9.12 EPS for the current fiscal year.

Taiwan Semiconductor Manufacturing Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 10th. Stockholders of record on Tuesday, March 18th will be issued a dividend of $0.5484 per share. The ex-dividend date is Tuesday, March 18th. This is an increase from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. This represents a $2.19 annualized dividend and a dividend yield of 1.14%. 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.