Alliancebernstein L.P. raised its stake in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 98.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,623,467 shares of the semiconductor company’s stock after acquiring an additional 804,922 shares during the period. Alliancebernstein L.P.’s holdings in Taiwan Semiconductor Manufacturing were worth $177,023,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in TSM. TRUE Private Wealth Advisors acquired a new position in Taiwan Semiconductor Manufacturing in the 4th quarter valued at $26,000. Prospera Financial Services Inc bought a new position in shares of Taiwan Semiconductor Manufacturing in the 3rd quarter valued at $28,000. Moser Wealth Advisors LLC bought a new position in shares of Taiwan Semiconductor Manufacturing in the 3rd quarter valued at $29,000. Firestone Capital Management increased its stake in shares of Taiwan Semiconductor Manufacturing by 322.6% in the 3rd quarter. Firestone Capital Management now owns 393 shares of the semiconductor company’s stock valued at $32,000 after purchasing an additional 300 shares during the last quarter. Finally, Pflug Koory LLC bought a new position in shares of Taiwan Semiconductor Manufacturing in the 4th quarter valued at $33,000. 18.27% of the stock is owned by hedge funds and other institutional investors.

Shares of TSM stock opened at $133.57 on Tuesday. The stock’s fifty day simple moving average is $127.81 and its 200 day simple moving average is $99.12. Taiwan Semiconductor Manufacturing Company Limited has a twelve month low of $42.70 and a twelve month high of $142.20. The firm has a market capitalization of $692.70 billion, a P/E ratio of 39.29, a P/E/G ratio of 1.26 and a beta of 0.99. The company has a quick ratio of 1.56, a current ratio of 1.75 and a debt-to-equity ratio of 0.14.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last issued its quarterly earnings data on Thursday, January 14th. The semiconductor company reported $0.97 EPS for the quarter, topping the consensus estimate of $0.92 by $0.05. The firm had revenue of $12.68 billion during the quarter, compared to the consensus estimate of $12.90 billion. Taiwan Semiconductor Manufacturing had a return on equity of 28.73% and a net margin of 37.94%. As a group, equities research analysts expect that Taiwan Semiconductor Manufacturing Company Limited will post 4.01 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 15th. Shareholders of record on Friday, June 18th will be given a dividend of $0.3527 per share. The ex-dividend date of this dividend is Thursday, June 17th. This represents a $1.41 annualized dividend and a dividend yield of 1.06%. Taiwan Semiconductor Manufacturing’s dividend payout ratio is currently 41.59%.

TSM has been the topic of several recent analyst reports. Zacks Investment Research upgraded Taiwan Semiconductor Manufacturing from a “hold” rating to a “buy” rating and set a $126.00 price target on the stock in a research note on Thursday, January 7th. Susquehanna reiterated a “sell” rating and issued a $74.00 price target on shares of Taiwan Semiconductor Manufacturing in a research note on Tuesday, January 26th. Susquehanna Bancshares reiterated a “sell” rating and issued a $74.00 price target on shares of Taiwan Semiconductor Manufacturing in a research note on Tuesday, January 26th. Finally, Sanford C. Bernstein upgraded Taiwan Semiconductor Manufacturing from a “market perform” rating to an “outperform” rating and set a $149.00 price target on the stock in a research note on Tuesday, January 12th. Two equities research analysts have rated the stock with a sell rating and seven have assigned a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $105.75.

About Taiwan Semiconductor Manufacturing

Taiwan Semiconductor Manufacturing Company Limited manufactures and sells integrated circuits and semiconductors. It also offers customer service, account management, and engineering services. The company serves customers in computer, communications, consumer, and industrial and standard segments in North America, Europe, Japan, China, and South Korea.

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Institutional Ownership by Quarter for Taiwan Semiconductor Manufacturing (NYSE:TSM)

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