New York State Common Retirement Fund Acquires 42,044 Shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

New York State Common Retirement Fund grew its holdings in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 1.7% in the 4th quarter, HoldingsChannel.com reports. The fund owned 2,487,794 shares of the semiconductor company’s stock after purchasing an additional 42,044 shares during the quarter. New York State Common Retirement Fund’s holdings in Taiwan Semiconductor Manufacturing were worth $258,731,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the business. Massachusetts Financial Services Co. MA grew its position in Taiwan Semiconductor Manufacturing by 2.6% in the third quarter. Massachusetts Financial Services Co. MA now owns 26,794,316 shares of the semiconductor company’s stock worth $2,328,426,000 after acquiring an additional 666,826 shares in the last quarter. Morgan Stanley lifted its stake in shares of Taiwan Semiconductor Manufacturing by 11.2% in the third quarter. Morgan Stanley now owns 23,804,180 shares of the semiconductor company’s stock worth $2,068,583,000 after buying an additional 2,400,882 shares during the last quarter. Van ECK Associates Corp lifted its stake in shares of Taiwan Semiconductor Manufacturing by 29.6% in the third quarter. Van ECK Associates Corp now owns 14,795,582 shares of the semiconductor company’s stock worth $1,285,736,000 after buying an additional 3,381,514 shares during the last quarter. William Blair Investment Management LLC lifted its stake in shares of Taiwan Semiconductor Manufacturing by 3.1% in the third quarter. William Blair Investment Management LLC now owns 11,780,144 shares of the semiconductor company’s stock worth $1,023,240,000 after buying an additional 355,609 shares during the last quarter. Finally, Lone Pine Capital LLC lifted its stake in shares of Taiwan Semiconductor Manufacturing by 21.7% in the third quarter. Lone Pine Capital LLC now owns 7,800,152 shares of the semiconductor company’s stock worth $677,833,000 after buying an additional 1,389,785 shares during the last quarter. 16.51% of the stock is owned by institutional investors.

Taiwan Semiconductor Manufacturing Price Performance

Shares of TSM stock traded up $2.07 during mid-day trading on Monday, reaching $129.77. The company’s stock had a trading volume of 18,542,414 shares, compared to its average volume of 15,911,067. Taiwan Semiconductor Manufacturing Company Limited has a 1-year low of $81.21 and a 1-year high of $158.40. The company has a market cap of $673.04 billion, a P/E ratio of 24.72, a PEG ratio of 0.92 and a beta of 1.15. The company has a debt-to-equity ratio of 0.27, a quick ratio of 2.06 and a current ratio of 2.33. The firm’s 50-day moving average is $136.49 and its two-hundred day moving average is $113.70.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last announced its quarterly earnings data on Thursday, January 18th. The semiconductor company reported $1.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.37 by $0.07. Taiwan Semiconductor Manufacturing had a net margin of 38.15% and a return on equity of 25.25%. The company had revenue of $19.62 billion during the quarter, compared to analysts’ expectations of $18.99 billion. On average, research analysts predict that Taiwan Semiconductor Manufacturing Company Limited will post 6.1 earnings per share for the current year.

Taiwan Semiconductor Manufacturing Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 11th. Stockholders of record on Thursday, June 13th will be issued a $0.4408 dividend. This represents a $1.76 annualized dividend and a dividend yield of 1.36%. The ex-dividend date of this dividend is Thursday, June 13th. Taiwan Semiconductor Manufacturing’s payout ratio is 32.76%.

Analysts Set New Price Targets

TSM has been the subject of a number of analyst reports. Needham & Company LLC restated a “buy” rating and issued a $168.00 price objective on shares of Taiwan Semiconductor Manufacturing in a research note on Thursday. StockNews.com upgraded shares of Taiwan Semiconductor Manufacturing from a “hold” rating to a “buy” rating in a research note on Thursday, April 11th. TD Cowen upped their target price on shares of Taiwan Semiconductor Manufacturing from $100.00 to $130.00 and gave the company a “hold” rating in a research note on Thursday. Barclays upped their target price on shares of Taiwan Semiconductor Manufacturing from $145.00 to $150.00 and gave the company an “overweight” rating in a research note on Friday. Finally, Susquehanna upped their target price on shares of Taiwan Semiconductor Manufacturing from $160.00 to $180.00 and gave the company a “positive” rating in a research note on Tuesday, April 2nd. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, Taiwan Semiconductor Manufacturing has an average rating of “Moderate Buy” and a consensus price target of $157.00.

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.