Lord Abbett & CO. LLC Has $362.58 Million Stock Position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Lord Abbett & CO. LLC cut its holdings in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 12.3% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 2,087,775 shares of the semiconductor company’s stock after selling 292,378 shares during the quarter. Taiwan Semiconductor Manufacturing accounts for 1.1% of Lord Abbett & CO. LLC’s investment portfolio, making the stock its 7th largest holding. Lord Abbett & CO. LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $362,584,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of TSM. DGS Capital Management LLC grew its stake in Taiwan Semiconductor Manufacturing by 8.7% in the third quarter. DGS Capital Management LLC now owns 21,116 shares of the semiconductor company’s stock valued at $3,667,000 after acquiring an additional 1,682 shares during the period. Logan Capital Management Inc. raised its position in Taiwan Semiconductor Manufacturing by 20.1% in the 3rd quarter. Logan Capital Management Inc. now owns 334 shares of the semiconductor company’s stock valued at $58,000 after buying an additional 56 shares during the last quarter. Dantai Capital Ltd lifted its stake in Taiwan Semiconductor Manufacturing by 62.7% during the 3rd quarter. Dantai Capital Ltd now owns 33,095 shares of the semiconductor company’s stock valued at $5,748,000 after acquiring an additional 12,755 shares in the last quarter. Oddo BHF Asset Management Sas purchased a new position in Taiwan Semiconductor Manufacturing during the 3rd quarter worth $2,449,000. Finally, Garde Capital Inc. raised its holdings in shares of Taiwan Semiconductor Manufacturing by 142.2% in the third quarter. Garde Capital Inc. now owns 6,246 shares of the semiconductor company’s stock valued at $1,085,000 after purchasing an additional 3,667 shares during the last quarter. 16.51% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. Needham & Company LLC reaffirmed a “buy” rating and issued a $210.00 price objective on shares of Taiwan Semiconductor Manufacturing in a research report on Thursday, October 17th. Susquehanna reaffirmed a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a research report on Friday, October 18th. StockNews.com cut Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a research report on Sunday, November 17th. Finally, Barclays raised their target price on Taiwan Semiconductor Manufacturing from $215.00 to $240.00 and gave the company an “overweight” rating in a research report on Monday, November 18th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $214.00.

Taiwan Semiconductor Manufacturing Price Performance

Taiwan Semiconductor Manufacturing stock opened at $201.00 on Friday. The business’s 50 day simple moving average is $193.04 and its 200 day simple moving average is $177.99. Taiwan Semiconductor Manufacturing Company Limited has a 12 month low of $98.80 and a 12 month high of $212.60. The company has a market cap of $1.04 trillion, a price-to-earnings ratio of 32.21, a PEG ratio of 0.90 and a beta of 1.09. The company has a current ratio of 2.57, a quick ratio of 2.30 and a debt-to-equity ratio of 0.24.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last posted its quarterly earnings results on Thursday, October 17th. The semiconductor company reported $1.94 earnings per share for the quarter, topping the consensus estimate of $1.74 by $0.20. Taiwan Semiconductor Manufacturing had a return on equity of 27.44% and a net margin of 39.10%. The company had revenue of $23.50 billion during the quarter, compared to the consensus estimate of $22.72 billion. Sell-side analysts forecast that Taiwan Semiconductor Manufacturing Company Limited will post 6.97 EPS for the current year.

Taiwan Semiconductor Manufacturing Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 10th. Investors of record on Tuesday, March 18th will be paid a dividend of $0.5484 per share. This is a boost from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. This represents a $2.19 dividend on an annualized basis and a dividend yield of 1.09%. The ex-dividend date of this dividend is Tuesday, March 18th. Taiwan Semiconductor Manufacturing’s dividend payout ratio is presently 31.57%.

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.