Westpac Banking Corp Boosts Stake in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Westpac Banking Corp grew its stake in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 2,546.1% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 33,420 shares of the semiconductor company’s stock after buying an additional 32,157 shares during the period. Westpac Banking Corp’s holdings in Taiwan Semiconductor Manufacturing were worth $6,600,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in TSM. Jennison Associates LLC increased its position in Taiwan Semiconductor Manufacturing by 72.9% during the 4th quarter. Jennison Associates LLC now owns 6,949,520 shares of the semiconductor company’s stock worth $1,372,461,000 after purchasing an additional 2,931,209 shares in the last quarter. Franklin Resources Inc. boosted its stake in shares of Taiwan Semiconductor Manufacturing by 32.3% during the 4th quarter. Franklin Resources Inc. now owns 8,498,063 shares of the semiconductor company’s stock worth $1,678,283,000 after purchasing an additional 2,074,329 shares during the last quarter. Alphinity Investment Management Pty Ltd purchased a new stake in shares of Taiwan Semiconductor Manufacturing during the fourth quarter worth about $349,241,000. Public Employees Retirement System of Ohio acquired a new position in shares of Taiwan Semiconductor Manufacturing in the third quarter valued at approximately $229,098,000. Finally, Alliancebernstein L.P. lifted its stake in shares of Taiwan Semiconductor Manufacturing by 23.4% during the fourth quarter. Alliancebernstein L.P. now owns 6,742,256 shares of the semiconductor company’s stock valued at $1,331,528,000 after buying an additional 1,276,793 shares during the period. 16.51% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

TSM has been the subject of several recent analyst reports. StockNews.com cut shares of Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a research note on Tuesday, January 28th. Needham & Company LLC reaffirmed a “buy” rating and issued a $225.00 price objective on shares of Taiwan Semiconductor Manufacturing in a research report on Tuesday, February 18th. Finally, Barclays increased their target price on Taiwan Semiconductor Manufacturing from $240.00 to $255.00 and gave the stock an “overweight” rating in a research report on Friday, January 17th. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $220.00.

Taiwan Semiconductor Manufacturing Stock Up 1.1 %

Shares of TSM opened at $170.48 on Thursday. Taiwan Semiconductor Manufacturing Company Limited has a fifty-two week low of $125.78 and a fifty-two week high of $226.40. The company’s fifty day moving average is $189.38 and its two-hundred day moving average is $192.49. The firm has a market cap of $884.18 billion, a PE ratio of 24.22, a price-to-earnings-growth ratio of 0.66 and a beta of 1.16. 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 (NYSE:TSM) last issued its earnings results on Thursday, January 16th. The semiconductor company reported $2.24 earnings per share for the quarter, beating 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%. Analysts forecast that Taiwan Semiconductor Manufacturing Company Limited will post 9.2 earnings per share for the current year.

Taiwan Semiconductor Manufacturing Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 10th. Investors of record on Thursday, June 12th will be given a dividend of $0.6855 per share. This represents a $2.74 dividend on an annualized basis and a yield of 1.61%. The ex-dividend date is Thursday, June 12th. This is an increase from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.55. Taiwan Semiconductor Manufacturing’s dividend payout ratio is 30.68%.

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.