Tokio Marine Asset Management Co. Ltd. Has $10.20 Million Holdings in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Tokio Marine Asset Management Co. Ltd. reduced its stake in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 0.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 98,100 shares of the semiconductor company’s stock after selling 200 shares during the quarter. Tokio Marine Asset Management Co. Ltd.’s holdings in Taiwan Semiconductor Manufacturing were worth $10,202,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the stock. Van ECK Associates Corp increased its holdings in Taiwan Semiconductor Manufacturing by 29.6% in the 3rd quarter. Van ECK Associates Corp now owns 14,795,582 shares of the semiconductor company’s stock valued at $1,285,736,000 after buying an additional 3,381,514 shares during the period. Morgan Stanley grew its holdings in shares of Taiwan Semiconductor Manufacturing by 11.2% in the 3rd quarter. Morgan Stanley now owns 23,804,180 shares of the semiconductor company’s stock worth $2,068,583,000 after purchasing an additional 2,400,882 shares during the last quarter. Lone Pine Capital LLC grew its holdings in shares of Taiwan Semiconductor Manufacturing by 21.7% in the 3rd quarter. Lone Pine Capital LLC now owns 7,800,152 shares of the semiconductor company’s stock worth $677,833,000 after purchasing an additional 1,389,785 shares during the last quarter. American Century Companies Inc. grew its holdings in shares of Taiwan Semiconductor Manufacturing by 56.2% in the 3rd quarter. American Century Companies Inc. now owns 3,473,637 shares of the semiconductor company’s stock worth $301,859,000 after purchasing an additional 1,250,290 shares during the last quarter. Finally, Northern Trust Corp grew its holdings in shares of Taiwan Semiconductor Manufacturing by 44.1% in the 3rd quarter. Northern Trust Corp now owns 3,490,630 shares of the semiconductor company’s stock worth $303,336,000 after purchasing an additional 1,068,723 shares during the last quarter. 16.51% of the stock is currently owned by institutional investors and hedge funds.

Taiwan Semiconductor Manufacturing Price Performance

NYSE:TSM traded down $0.44 during mid-day trading on Wednesday, reaching $132.99. 15,530,136 shares of the company were exchanged, compared to its average volume of 15,863,682. The company has a quick ratio of 2.06, a current ratio of 2.33 and a debt-to-equity ratio of 0.27. Taiwan Semiconductor Manufacturing Company Limited has a 12 month low of $81.21 and a 12 month high of $158.40. The stock has a market cap of $689.74 billion, a PE ratio of 25.33, a PEG ratio of 0.93 and a beta of 1.15. The company has a fifty day moving average of $136.68 and a 200 day moving average of $114.15.

Taiwan Semiconductor Manufacturing Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 11th. Shareholders of record on Thursday, June 13th will be given a dividend of $0.4408 per share. The ex-dividend date of this dividend is Thursday, June 13th. This represents a $1.76 dividend on an annualized basis and a yield of 1.33%. Taiwan Semiconductor Manufacturing’s payout ratio is presently 33.52%.

Analysts Set New Price Targets

Several research firms have recently weighed in on TSM. TD Cowen upped their target price on shares of Taiwan Semiconductor Manufacturing from $100.00 to $130.00 and gave the stock a “hold” rating in a report on Thursday, April 18th. Susquehanna upped their target price on shares of Taiwan Semiconductor Manufacturing from $160.00 to $180.00 and gave the stock a “positive” rating in a report on Tuesday, April 2nd. Needham & Company LLC reissued a “buy” rating and set a $168.00 price objective on shares of Taiwan Semiconductor Manufacturing in a report on Thursday, April 18th. Barclays increased their price objective on shares of Taiwan Semiconductor Manufacturing from $145.00 to $150.00 and gave the stock an “overweight” rating in a report on Friday, April 19th. Finally, StockNews.com raised shares of Taiwan Semiconductor Manufacturing from a “hold” rating to a “buy” rating in a report on Thursday, April 11th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $157.00.

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.