AEGON ASSET MANAGEMENT UK Plc Reduces Position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

AEGON ASSET MANAGEMENT UK Plc lowered its stake in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM - Free Report) by 7.0% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 550,935 shares of the semiconductor company's stock after selling 41,549 shares during the period. Taiwan Semiconductor Manufacturing makes up 1.3% of AEGON ASSET MANAGEMENT UK Plc's portfolio, making the stock its 16th largest holding. AEGON ASSET MANAGEMENT UK Plc's holdings in Taiwan Semiconductor Manufacturing were worth $91,377,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Bremer Bank National Association grew its position in shares of Taiwan Semiconductor Manufacturing by 3.4% during the 1st quarter. Bremer Bank National Association now owns 59,832 shares of the semiconductor company's stock worth $9,932,000 after purchasing an additional 1,977 shares in the last quarter. RFG Advisory LLC grew its position in Taiwan Semiconductor Manufacturing by 14.3% during the first quarter. RFG Advisory LLC now owns 9,637 shares of the semiconductor company's stock worth $1,600,000 after buying an additional 1,203 shares in the last quarter. Swisher Financial Concepts Inc. increased its stake in Taiwan Semiconductor Manufacturing by 74.7% during the 1st quarter. Swisher Financial Concepts Inc. now owns 2,428 shares of the semiconductor company's stock worth $403,000 after acquiring an additional 1,038 shares during the period. ST Germain D J Co. Inc. increased its stake in Taiwan Semiconductor Manufacturing by 2.2% during the 1st quarter. ST Germain D J Co. Inc. now owns 9,540 shares of the semiconductor company's stock worth $1,584,000 after acquiring an additional 201 shares during the period. Finally, Merit Financial Group LLC raised its holdings in Taiwan Semiconductor Manufacturing by 78.2% in the 1st quarter. Merit Financial Group LLC now owns 19,488 shares of the semiconductor company's stock valued at $3,235,000 after acquiring an additional 8,551 shares in the last quarter. 16.51% of the stock is owned by institutional investors.

Taiwan Semiconductor Manufacturing Trading Up 2.4%

TSM traded up $4.78 during midday trading on Wednesday, hitting $202.39. 13,506,692 shares of the company were exchanged, compared to its average volume of 15,828,363. The firm's 50 day moving average price is $172.06 and its 200-day moving average price is $187.56. Taiwan Semiconductor Manufacturing Company Limited has a 1-year low of $133.57 and a 1-year high of $226.40. The firm has a market capitalization of $1.05 trillion, a P/E ratio of 28.75, a P/E/G ratio of 0.66 and a beta of 1.21. 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 (NYSE:TSM - Get Free Report) last released its quarterly earnings results on Thursday, April 17th. The semiconductor company reported $2.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.03 by $0.09. Taiwan Semiconductor Manufacturing had a net margin of 40.51% and a return on equity of 30.47%. The firm had revenue of $25.82 billion during the quarter, compared to analyst estimates of $834.10 billion. As a group, equities analysts forecast that Taiwan Semiconductor Manufacturing Company Limited will post 9.2 EPS for the current fiscal year.

Taiwan Semiconductor Manufacturing Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 9th. Stockholders of record on Tuesday, September 16th will be paid a $0.6499 dividend. This represents a $2.60 dividend on an annualized basis and a dividend yield of 1.28%. The ex-dividend date of this dividend is Tuesday, September 16th. Taiwan Semiconductor Manufacturing's dividend payout ratio is 30.46%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on TSM shares. Barclays upped their price objective on shares of Taiwan Semiconductor Manufacturing from $215.00 to $240.00 and gave the stock an "overweight" rating in a research report on Tuesday. Susquehanna reaffirmed a "positive" rating on shares of Taiwan Semiconductor Manufacturing in a report on Friday, April 25th. Needham & Company LLC reaffirmed a "buy" rating and issued a $225.00 price objective on shares of Taiwan Semiconductor Manufacturing in a research note on Thursday, April 17th. Finally, Citigroup reaffirmed a "buy" rating on shares of Taiwan Semiconductor Manufacturing in a report on Thursday, May 22nd. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $217.00.

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.