The Manufacturers Life Insurance Company has increased its holdings in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 2.2% during the fourth quarter, according to its latest disclosure with the Securities and Exchange Commission. The institutional investor owned 1,572,575 shares of the semiconductor company’s stock after purchasing an additional 33,200 shares during the quarter, valued at $310,580,000.
Other institutional investors have also recently adjusted their holdings in Taiwan Semiconductor Manufacturing. Accel Wealth Management increased its stake by 2.5%, now owning 2,037 shares worth $402,000. Elmwood Wealth Management Inc. boosted its holdings by 3.7%, now owning 1,405 shares valued at $277,000. WP Advisors LLC raised its position by 1.2%, now holding 4,271 shares worth $843,000. Heritage Wealth Advisors increased its stake by 20.0%, owning 300 shares valued at $59,000. Gilman Hill Asset Management LLC boosted its holdings by 3.3%, now owning 1,614 shares worth $319,000.
Institutional investors and hedge funds collectively own 16.51% of Taiwan Semiconductor Manufacturing’s stock. The company has received various analyst ratings, with three equities research analysts rating the stock as ‘hold’ and three giving it a ‘buy’ rating. The average rating is ‘Moderate Buy’ with an average price target of $212.00.
Taiwan Semiconductor Manufacturing recently announced its quarterly earnings, reporting $2.12 earnings per share (EPS) for the quarter, exceeding analysts’ consensus estimates of $2.03. The company had revenue of $25.82 billion during the quarter. The business also announced a quarterly dividend, with shareholders of record on June 12th receiving a $0.6855 dividend.
