Suvretta Capital Management LLC reduced its stake in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 0.8% in the fourth quarter, according to their latest SEC filing. The fund now holds 345,912 shares of the semiconductor company, valued at $68,314,000, representing 2.3% of Suvretta Capital Management LLC's total holdings, making it their 12th largest holding.

Other hedge funds have also adjusted their positions in TSM. Price T Rowe Associates Inc. MD increased its holdings by 67.0% during the fourth quarter, now owning 10,365,404 shares worth $2,047,065,000. Jennison Associates LLC increased its holdings by 72.9% during the same period, now holding 6,949,520 shares valued at $1,372,461,000. FMR LLC increased its holdings by 4.6%, now owning 58,547,257 shares worth $11,562,498,000. Franklin Resources Inc. increased its holdings by 32.3%, now owning 8,498,063 shares valued at $1,678,283,000. Northern Trust Corp increased its holdings by 45.2%, now owning 6,244,965 shares worth $1,233,318,000. Institutional investors now own 16.51% of the company's stock.

On Friday, Taiwan Semiconductor Manufacturing stock opened at $193.94. The company has a market cap of $1.01 trillion, a price-to-earnings ratio of 27.55, a price-to-earnings-growth ratio of 0.66, and a beta of 1.21. The firm’s 52-week low is $133.57, and its 52-week high is $226.40. The 50-day moving average price is $167.42, and the 200-day moving average price is $187.45. The company has a quick ratio of 2.30, a current ratio of 2.57, and a debt-to-equity ratio of 0.24.

Taiwan Semiconductor Manufacturing announced its earnings results on Thursday, April 17th, reporting $2.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.03 by $0.09. The company had a net margin of 40.51% and a return on equity of 30.47%. Revenue for the quarter was $25.82 billion, compared to analyst estimates of $834.10 billion. Analysts anticipate that Taiwan Semiconductor Manufacturing Company Limited will post 9.2 earnings per share for the current year.

The company also declared a quarterly dividend, payable on Thursday, October 9th, to stockholders of record on Tuesday, September 16th. The dividend is $0.6499, representing a $2.60 annualized dividend and a dividend yield of 1.34%. The ex-dividend date is Tuesday, September 16th. Taiwan Semiconductor Manufacturing's dividend payout ratio is currently 27.76%.

Several equities analysts have issued reports on TSM shares. Needham & Company LLC reissued a "buy" rating with a $225.00 price target on April 17th. StockNews.com downgraded the stock from a "buy" to a "hold" rating on January 28th. Barclays restated a "hold" rating on April 25th, and Susquehanna restated a "positive" rating on the same date. Currently, three analysts have a hold rating, and three have a buy rating on the company, resulting in an average rating of "Moderate Buy" and an average price target of $212.00.

Taiwan Semiconductor Manufacturing Company Limited manufactures, packages, tests, and sells integrated circuits and other semiconductor devices internationally. It provides various wafer fabrication processes. MarketBeat.com suggests exploring five alternative stocks that analysts recommend over Taiwan Semiconductor Manufacturing and offers a free report on ten resilient stocks expected to perform well in Spring 2025.