Jensen Investment Management Inc. Boosts Stake in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Jensen Investment Management Inc. lifted its stake in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 0.8% in the 4th quarter, HoldingsChannel reports. The firm owned 20,538 shares of the semiconductor company’s stock after acquiring an additional 170 shares during the period. Jensen Investment Management Inc.’s holdings in Taiwan Semiconductor Manufacturing were worth $4,056,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Mount Yale Investment Advisors LLC increased its stake in shares of Taiwan Semiconductor Manufacturing by 4.3% in the 4th quarter. Mount Yale Investment Advisors LLC now owns 35,709 shares of the semiconductor company’s stock worth $7,052,000 after purchasing an additional 1,476 shares in the last quarter. McHugh Group LLC purchased a new stake in shares of Taiwan Semiconductor Manufacturing in the 4th quarter worth $605,000. OLD National Bancorp IN increased its stake in shares of Taiwan Semiconductor Manufacturing by 2.1% in the 4th quarter. OLD National Bancorp IN now owns 113,205 shares of the semiconductor company’s stock worth $22,357,000 after purchasing an additional 2,368 shares in the last quarter. Hardman Johnston Global Advisors LLC increased its stake in shares of Taiwan Semiconductor Manufacturing by 7.6% in the 4th quarter. Hardman Johnston Global Advisors LLC now owns 381,432 shares of the semiconductor company’s stock worth $75,329,000 after purchasing an additional 26,847 shares in the last quarter. Finally, Private Client Services LLC purchased a new stake in shares of Taiwan Semiconductor Manufacturing in the 4th quarter worth $201,000. 16.51% of the stock is currently owned by hedge funds and other institutional investors.

Taiwan Semiconductor Manufacturing Trading Up 1.5 %

Shares of Taiwan Semiconductor Manufacturing stock opened at $174.16 on Monday. The firm has a market cap of $903.29 billion, a price-to-earnings ratio of 24.74, a PEG ratio of 0.66 and a beta of 1.13. The business has a 50-day moving average price of $199.22 and a 200-day moving average price of $192.02. 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 Company Limited has a twelve month low of $125.78 and a twelve month high of $226.40.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last issued its quarterly earnings data 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%. Equities research analysts anticipate that Taiwan Semiconductor Manufacturing Company Limited will post 9.2 EPS for the current fiscal year.

Taiwan Semiconductor Manufacturing Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 10th. Stockholders of record on Thursday, June 12th will be given a dividend of $0.6855 per share. This is a positive change from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.55. The ex-dividend date of this dividend is Thursday, June 12th. This represents a $2.74 dividend on an annualized basis and a dividend yield of 1.57%. Taiwan Semiconductor Manufacturing’s dividend payout ratio (DPR) is presently 30.68%.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on TSM shares. StockNews.com lowered Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a research note on Tuesday, January 28th. Needham & Company LLC reiterated a “buy” rating and issued a $225.00 price target on shares of Taiwan Semiconductor Manufacturing in a research note on Tuesday, February 18th. Finally, Barclays increased their price target on Taiwan Semiconductor Manufacturing from $240.00 to $255.00 and gave the stock an “overweight” rating in a research note on Friday, January 17th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $220.00.

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.