Channing Global Advisors LLC Has $8.05 Million Position in Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM)

Channing Global Advisors LLC grew its position in Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM - Free Report) by 8.8% in the first quarter, according to its most recent filing with the SEC. The fund owned 48,503 shares of the semiconductor company's stock after acquiring an additional 3,942 shares during the period. Taiwan Semiconductor Manufacturing accounts for approximately 5.5% of Channing Global Advisors LLC's investment portfolio, making the stock its 7th biggest position. Channing Global Advisors LLC's holdings in Taiwan Semiconductor Manufacturing were worth $8,051,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. IMG Wealth Management Inc. bought a new position in Taiwan Semiconductor Manufacturing during the 4th quarter worth $26,000. Hopwood Financial Services Inc. bought a new position in Taiwan Semiconductor Manufacturing during the 4th quarter worth $27,000. City Holding Co. raised its position in Taiwan Semiconductor Manufacturing by 238.0% during the 1st quarter. City Holding Co. now owns 169 shares of the semiconductor company's stock worth $28,000 after purchasing an additional 119 shares during the last quarter. Accredited Wealth Management LLC bought a new position in Taiwan Semiconductor Manufacturing during the 4th quarter worth $31,000. Finally, Signature Resources Capital Management LLC raised its position in Taiwan Semiconductor Manufacturing by 138.8% during the 1st quarter. Signature Resources Capital Management LLC now owns 191 shares of the semiconductor company's stock worth $32,000 after purchasing an additional 111 shares during the last quarter. 16.51% of the stock is currently owned by institutional investors.

Taiwan Semiconductor Manufacturing Stock Performance

TSM stock opened at $209.71 on Friday. The stock has a 50-day moving average price of $186.25 and a 200-day moving average price of $189.51. Taiwan Semiconductor Manufacturing Company Ltd. has a 1-year low of $133.57 and a 1-year high of $226.40. The company has a current ratio of 2.39, a quick ratio of 2.18 and a debt-to-equity ratio of 0.22. The firm has a market cap of $1.09 trillion, a PE ratio of 26.96, a price-to-earnings-growth ratio of 1.08 and a beta of 1.27.

Taiwan Semiconductor Manufacturing (NYSE:TSM - Get Free Report) last posted its quarterly earnings data on Thursday, April 17th. The semiconductor company reported $2.12 earnings per share for the quarter, topping the consensus estimate of $2.03 by $0.09. Taiwan Semiconductor Manufacturing had a return on equity of 31.43% and a net margin of 41.67%. The firm had revenue of $25.82 billion during the quarter, compared to analyst estimates of $834.10 billion. As a group, equities research analysts expect 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 disclosed a quarterly dividend, which will be paid on Thursday, October 9th. Stockholders of record on Tuesday, September 16th will be given a $0.6499 dividend. This represents a $2.60 annualized dividend and a dividend yield of 1.24%. The ex-dividend date of this dividend is Tuesday, September 16th. Taiwan Semiconductor Manufacturing's dividend payout ratio (DPR) is presently 30.59%.

Analysts Set New Price Targets

TSM has been the subject of several analyst reports. Susquehanna raised their target price on Taiwan Semiconductor Manufacturing from $250.00 to $255.00 and gave the stock a "positive" rating in a research report on Tuesday, June 17th. Needham & Company LLC reaffirmed a "buy" rating and set a $225.00 target price on shares of Taiwan Semiconductor Manufacturing in a research report on Thursday, April 17th. Barclays reaffirmed an "overweight" rating and set a $240.00 target price (up from $215.00) on shares of Taiwan Semiconductor Manufacturing in a research report on Tuesday, June 3rd. Finally, Citigroup reaffirmed a "buy" rating on shares of Taiwan Semiconductor Manufacturing in a research report on Thursday, May 22nd. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $222.50.

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.

Want to see what other hedge funds are holding TSM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.