DNB Asset Management AS Has $69.45 Million Stock Holdings in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

DNB Asset Management AS increased its holdings in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM – Get Rating) by 45.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 932,345 shares of the semiconductor company’s stock after buying an additional 289,667 shares during the period. DNB Asset Management AS’s holdings in Taiwan Semiconductor Manufacturing were worth $69,450,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Zions Bancorporation N.A. lifted its position in shares of Taiwan Semiconductor Manufacturing by 29.2% in the 1st quarter. Zions Bancorporation N.A. now owns 597 shares of the semiconductor company’s stock worth $62,000 after purchasing an additional 135 shares during the period. Smith Moore & CO. lifted its position in shares of Taiwan Semiconductor Manufacturing by 6.2% in the 2nd quarter. Smith Moore & CO. now owns 2,633 shares of the semiconductor company’s stock worth $215,000 after purchasing an additional 153 shares during the period. Kingsview Wealth Management LLC lifted its position in shares of Taiwan Semiconductor Manufacturing by 2.4% in the 3rd quarter. Kingsview Wealth Management LLC now owns 6,697 shares of the semiconductor company’s stock worth $459,000 after purchasing an additional 155 shares during the period. Ascent Group LLC lifted its position in shares of Taiwan Semiconductor Manufacturing by 4.1% in the 3rd quarter. Ascent Group LLC now owns 3,925 shares of the semiconductor company’s stock worth $242,000 after purchasing an additional 156 shares during the period. Finally, 1620 Investment Advisors Inc. lifted its position in shares of Taiwan Semiconductor Manufacturing by 4.6% in the 3rd quarter. 1620 Investment Advisors Inc. now owns 3,575 shares of the semiconductor company’s stock worth $245,000 after purchasing an additional 157 shares during the period. 16.79% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on TSM shares. Needham & Company LLC restated a “buy” rating and issued a $110.00 price target on shares of Taiwan Semiconductor Manufacturing in a research report on Friday, March 10th. StockNews.com started coverage on shares of Taiwan Semiconductor Manufacturing in a research note on Thursday. They issued a “buy” rating for the company. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, Taiwan Semiconductor Manufacturing presently has an average rating of “Moderate Buy” and an average price target of $90.25.

Taiwan Semiconductor Manufacturing Trading Up 0.2 %

Shares of NYSE:TSM traded up $0.17 during mid-day trading on Friday, hitting $89.47. The company had a trading volume of 13,287,742 shares, compared to its average volume of 10,234,382. The firm has a fifty day moving average price of $90.32 and a 200 day moving average price of $79.67. The company has a market capitalization of $464.00 billion, a PE ratio of 13.64, a price-to-earnings-growth ratio of 0.78 and a beta of 1.10. The company has a debt-to-equity ratio of 0.29, a current ratio of 2.17 and a quick ratio of 1.94. Taiwan Semiconductor Manufacturing Company Limited has a one year low of $59.43 and a one year high of $109.75.

Taiwan Semiconductor Manufacturing (NYSE:TSM – Get Rating) last announced its quarterly earnings results on Thursday, January 12th. The semiconductor company reported $1.82 EPS for the quarter, beating analysts’ consensus estimates of $1.80 by $0.02. The business had revenue of $19.93 billion during the quarter, compared to analyst estimates of $20.29 billion. Taiwan Semiconductor Manufacturing had a net margin of 44.81% and a return on equity of 37.99%. As a group, research analysts forecast that Taiwan Semiconductor Manufacturing Company Limited will post 5.57 EPS for the current year.

Taiwan Semiconductor Manufacturing Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 13th. Shareholders of record on Friday, June 16th will be paid a dividend of $0.3597 per share. The ex-dividend date of this dividend is Thursday, June 15th. This represents a $1.44 dividend on an annualized basis and a yield of 1.61%. Taiwan Semiconductor Manufacturing’s dividend payout ratio (DPR) is presently 21.65%.

About Taiwan Semiconductor Manufacturing

(Get Rating)

Taiwan Semiconductor Manufacturing Co, Ltd. engages in the manufacture and sale of integrated circuits and wafer semiconductor devices. Its chips are used in personal computers and peripheral products, information applications, wired and wireless communications systems products, and automotive and industrial equipment including consumer electronics such as digital video compact disc player, digital television, game consoles, and digital cameras.