Allianz Asset Management GmbH Increases Stake in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Allianz Asset Management GmbH lifted its holdings in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 69.2% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,021,469 shares of the semiconductor company’s stock after purchasing an additional 417,870 shares during the quarter. Allianz Asset Management GmbH’s holdings in Taiwan Semiconductor Manufacturing were worth $201,735,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. AMF Tjanstepension AB lifted its position in Taiwan Semiconductor Manufacturing by 4.8% in the third quarter. AMF Tjanstepension AB now owns 1,533,207 shares of the semiconductor company’s stock worth $266,300,000 after buying an additional 70,057 shares during the last quarter. Stanley Laman Group Ltd. bought a new stake in Taiwan Semiconductor Manufacturing in the third quarter worth $246,000. Segment Wealth Management LLC bought a new stake in shares of Taiwan Semiconductor Manufacturing during the third quarter worth $243,000. International Assets Investment Management LLC lifted its position in shares of Taiwan Semiconductor Manufacturing by 23,351.0% during the third quarter. International Assets Investment Management LLC now owns 1,027,624 shares of the semiconductor company’s stock worth $178,467,000 after purchasing an additional 1,023,242 shares during the last quarter. Finally, YHB Investment Advisors Inc. lifted its position in shares of Taiwan Semiconductor Manufacturing by 5.1% during the third quarter. YHB Investment Advisors Inc. now owns 37,671 shares of the semiconductor company’s stock worth $6,542,000 after purchasing an additional 1,819 shares during the last quarter. 16.51% of the stock is owned by hedge funds and other institutional investors.

Taiwan Semiconductor Manufacturing Stock Performance

Shares of Taiwan Semiconductor Manufacturing stock opened at $199.94 on Friday. The firm has a market cap of $1.04 trillion, a P/E ratio of 28.40, a P/E/G ratio of 0.66 and a beta of 1.06. The company has a current ratio of 2.57, a quick ratio of 2.30 and a debt-to-equity ratio of 0.24. Taiwan Semiconductor Manufacturing Company Limited has a 12 month low of $122.91 and a 12 month high of $226.40. The stock’s fifty day moving average price is $205.85 and its 200-day moving average price is $190.22.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last posted its earnings results on Thursday, January 16th. The semiconductor company reported $2.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.16 by $0.08. Taiwan Semiconductor Manufacturing had a return on equity of 30.47% and a net margin of 40.51%. On average, equities research analysts expect that Taiwan Semiconductor Manufacturing Company Limited will post 9.2 earnings per share for the current fiscal year.

Taiwan Semiconductor Manufacturing Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 10th. Shareholders of record on Thursday, June 12th will be paid a $0.6855 dividend. This represents a $2.74 annualized dividend and a yield of 1.37%. The ex-dividend date of this dividend is Thursday, June 12th. This is a positive change from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.55. Taiwan Semiconductor Manufacturing’s payout ratio is 27.27%.

Analysts Set New Price Targets

Several analysts have recently weighed in on TSM shares. Barclays lifted 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. Needham & Company LLC restated a “buy” rating and set a $225.00 price target on shares of Taiwan Semiconductor Manufacturing in a research note on Tuesday. Finally, StockNews.com lowered Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a research note on Tuesday, January 28th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, Taiwan Semiconductor Manufacturing has a consensus rating of “Moderate Buy” and a consensus target price of $220.00.

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.