Crescent Park Management L.P. Raises Holdings in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Crescent Park Management L.P. increased its position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 40.8% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 12,079 shares of the semiconductor company’s stock after acquiring an additional 3,501 shares during the quarter. Taiwan Semiconductor Manufacturing comprises 0.9% of Crescent Park Management L.P.’s investment portfolio, making the stock its 19th largest holding. Crescent Park Management L.P.’s holdings in Taiwan Semiconductor Manufacturing were worth $2,385,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Ardmore Road Asset Management LP bought a new stake in Taiwan Semiconductor Manufacturing during the 4th quarter valued at $27,649,000. Huntington National Bank lifted its holdings in Taiwan Semiconductor Manufacturing by 4.7% during the 4th quarter. Huntington National Bank now owns 14,757 shares of the semiconductor company’s stock worth $2,914,000 after purchasing an additional 665 shares in the last quarter. Trexquant Investment LP bought a new position in Taiwan Semiconductor Manufacturing in the 4th quarter worth about $7,299,000. May Hill Capital LLC purchased a new position in Taiwan Semiconductor Manufacturing during the 4th quarter valued at about $1,119,000. Finally, Boston Family Office LLC lifted its holdings in shares of Taiwan Semiconductor Manufacturing by 13.4% in the fourth quarter. Boston Family Office LLC now owns 3,855 shares of the semiconductor company’s stock worth $761,000 after buying an additional 456 shares in the last quarter. 16.51% of the stock is currently owned by institutional investors.

Taiwan Semiconductor Manufacturing Stock Up 1.5 %

TSM opened at $168.46 on Wednesday. Taiwan Semiconductor Manufacturing Company Limited has a 12 month low of $125.78 and a 12 month high of $226.40. The company has a current ratio of 2.57, a quick ratio of 2.30 and a debt-to-equity ratio of 0.24. The business’s 50-day moving average price is $190.44 and its 200-day moving average price is $192.64. The company has a market cap of $873.72 billion, a P/E ratio of 23.93, a P/E/G ratio of 0.66 and a beta of 1.13.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last announced its quarterly earnings results on Thursday, January 16th. The semiconductor company reported $2.24 EPS for the quarter, topping 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%. On average, equities analysts expect that Taiwan Semiconductor Manufacturing Company Limited will post 9.2 EPS for the current 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 paid a dividend of $0.6855 per share. This represents a $2.74 annualized dividend and a dividend yield of 1.63%. This is an increase from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.55. The ex-dividend date is Thursday, June 12th. Taiwan Semiconductor Manufacturing’s dividend payout ratio is 30.68%.

Wall Street Analysts Forecast Growth

TSM has been the topic of a number of analyst reports. Needham & Company LLC reaffirmed a “buy” rating and set a $225.00 target price on shares of Taiwan Semiconductor Manufacturing in a report on Tuesday, February 18th. Barclays boosted their target price on Taiwan Semiconductor Manufacturing from $240.00 to $255.00 and gave the stock an “overweight” rating in a research report on Friday, January 17th. Finally, StockNews.com downgraded Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a research report on Tuesday, January 28th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $220.00.

Taiwan Semiconductor Manufacturing Company 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.