Blueshift Asset Management LLC Invests $756,000 in Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM)

Key Points

• Blueshift Asset Management LLC has acquired 4,554 shares of Taiwan Semiconductor Manufacturing Company (TSM), valuing the investment at approximately $756,000.
• Several hedge funds, including FMR LLC and Price T Rowe Associates, have recently increased their stake in TSM, indicating growing institutional interest.
• Taiwan Semiconductor Manufacturing recently reported earnings of $2.47 per share, exceeding estimates, while also declaring a quarterly dividend of $0.6499 per share with a yield of 1.1%.

Blueshift Asset Management LLC purchased a new position in shares of Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 4,554 shares of the semiconductor company's stock, valued at approximately $756,000.

Other institutional investors and hedge funds have also modified their holdings of the company. MONECO Advisors LLC raised its position in shares of Taiwan Semiconductor Manufacturing by 26.8% during the 1st quarter. MONECO Advisors LLC now owns 5,297 shares of the semiconductor company's stock valued at $879,000 after purchasing an additional 1,119 shares during the period. Moors & Cabot Inc. raised its position in shares of Taiwan Semiconductor Manufacturing by 31.6% during the 1st quarter. Moors & Cabot Inc. now owns 38,427 shares of the semiconductor company's stock valued at $6,379,000 after purchasing an additional 9,217 shares during the period. Jefferies Financial Group Inc. raised its position in shares of Taiwan Semiconductor Manufacturing by 963.1% during the 1st quarter. Jefferies Financial Group Inc. now owns 32,980 shares of the semiconductor company's stock valued at $5,475,000 after purchasing an additional 36,801 shares during the period. Certified Advisory Corp raised its position in shares of Taiwan Semiconductor Manufacturing by 7.3% during the 1st quarter. Certified Advisory Corp now owns 1,535 shares of the semiconductor company's stock valued at $255,000 after purchasing an additional 104 shares during the period. Finally, Alberta Investment Management Corp raised its position in shares of Taiwan Semiconductor Manufacturing by 110.3% during the 1st quarter. Alberta Investment Management Corp now owns 293,607 shares of the semiconductor company's stock valued at $48,739,000 after purchasing an additional 154,022 shares during the period. Hedge funds and other institutional investors own 16.51% of the company's stock.

Taiwan Semiconductor Manufacturing Price Performance

NYSE TSM traded down $6.34 on Friday, reaching $235.28. The company had a trading volume of 13,529,531 shares, compared to its average volume of 11,692,207. The company has a quick ratio of 2.18, a current ratio of 2.37 and a debt-to-equity ratio of 0.18. The stock has a market capitalization of $1.22 trillion, a PE ratio of 26.83, a price-to-earnings-growth ratio of 1.16 and a beta of 1.19. The firm's 50 day moving average price is $222.20 and its 200 day moving average price is $196.06. Taiwan Semiconductor Manufacturing Company Ltd. has a 12 month low of $133.57 and a 12 month high of $248.28.

Taiwan Semiconductor Manufacturing (NYSE:TSM - Get Free Report) last posted its earnings results on Thursday, July 17th. The semiconductor company reported $2.47 earnings per share for the quarter, topping analysts' consensus estimates of $2.13 by $0.34. Taiwan Semiconductor Manufacturing had a net margin of 42.91% and a return on equity of 32.87%. The firm had revenue of $30.07 billion for the quarter, compared to the consensus estimate of $28.50 billion. During the same period in the previous year, the firm posted $1.48 EPS. The business's quarterly revenue was up 44.4% on a year-over-year basis. As a group, equities analysts predict that Taiwan Semiconductor Manufacturing Company Ltd. will post 9.2 earnings per share for the current year.

Taiwan Semiconductor Manufacturing Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 9th. Stockholders of record on Tuesday, September 16th will be issued a $0.6499 dividend. The ex-dividend date is Tuesday, September 16th. This represents a $2.60 dividend on an annualized basis and a dividend yield of 1.1%. Taiwan Semiconductor Manufacturing's payout ratio is 28.16%.

Analyst Ratings Changes

TSM has been the topic of several recent analyst reports. Citigroup restated a "buy" rating on shares of Taiwan Semiconductor Manufacturing in a research report on Thursday, May 22nd. Needham & Company LLC restated a "buy" rating and set a $270.00 price objective on shares of Taiwan Semiconductor Manufacturing in a research report on Thursday, July 17th. Barclays restated an "overweight" rating and set a $240.00 price objective (up from $215.00) on shares of Taiwan Semiconductor Manufacturing in a research report on Tuesday, June 3rd. Finally, Susquehanna lifted their price target on shares of Taiwan Semiconductor Manufacturing from $255.00 to $265.00 and gave the company a "positive" rating in a report on Monday, July 14th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat, Taiwan Semiconductor Manufacturing currently has an average rating of "Moderate Buy" and a consensus target price of $258.33.

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.