Copeland Capital Management LLC Increases Position in Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM)

Copeland Capital Management LLC lifted its holdings in Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM - Free Report) by 3.7% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 77,386 shares of the semiconductor company's stock after purchasing an additional 2,773 shares during the quarter. Copeland Capital Management LLC's holdings in Taiwan Semiconductor Manufacturing were worth $12,846,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Guardian Partners Inc. acquired a new stake in shares of Taiwan Semiconductor Manufacturing in the 4th quarter worth $9,222,000. Pinnacle Investment Management Ltd acquired a new stake in shares of Taiwan Semiconductor Manufacturing in the 4th quarter worth $26,661,000. Sentry LLC acquired a new stake in shares of Taiwan Semiconductor Manufacturing in the 1st quarter worth $222,000. Polymer Capital Management HK LTD boosted its position in shares of Taiwan Semiconductor Manufacturing by 47.7% in the 4th quarter. Polymer Capital Management HK LTD now owns 86,493 shares of the semiconductor company's stock worth $17,082,000 after purchasing an additional 27,938 shares in the last quarter. Finally, Hosking Partners LLP boosted its position in shares of Taiwan Semiconductor Manufacturing by 9.8% in the 4th quarter. Hosking Partners LLP now owns 253,049 shares of the semiconductor company's stock worth $49,975,000 after purchasing an additional 22,686 shares in the last quarter. Institutional investors and hedge funds own 16.51% of the company's stock.

Analysts Set New Price Targets

TSM has been the subject of a number of recent analyst reports. Citigroup reissued a "buy" rating on shares of Taiwan Semiconductor Manufacturing in a research report on Thursday, May 22nd. Barclays reissued an "overweight" rating and issued a $240.00 price objective (up previously from $215.00) on shares of Taiwan Semiconductor Manufacturing in a research report on Tuesday, June 3rd. Susquehanna lifted their price target 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. Finally, Needham & Company LLC reaffirmed a "buy" rating and set a $225.00 price target on shares of Taiwan Semiconductor Manufacturing in a research report on Thursday, April 17th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $222.50.

Taiwan Semiconductor Manufacturing Stock Performance

Shares of TSM opened at $228.47 on Friday. The stock has a 50-day moving average of $192.99 and a two-hundred day moving average of $190.32. Taiwan Semiconductor Manufacturing Company Ltd. has a one year low of $133.57 and a one year high of $228.88. The company has a debt-to-equity ratio of 0.22, a quick ratio of 2.18 and a current ratio of 2.39. The stock has a market cap of $1.18 trillion, a P/E ratio of 29.37, a P/E/G ratio of 1.16 and a beta of 1.27.

Taiwan Semiconductor Manufacturing (NYSE:TSM - Get Free Report) last issued its quarterly earnings results on Thursday, April 17th. The semiconductor company reported $2.12 EPS for the quarter, topping analysts' consensus estimates 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 company had revenue of $25.82 billion during the quarter, compared to analysts' expectations of $834.10 billion. As a group, research analysts predict that Taiwan Semiconductor Manufacturing Company Ltd. will post 9.2 EPS for the current year.

Taiwan Semiconductor Manufacturing Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 9th. Shareholders of record on Tuesday, September 16th will be paid a dividend of $0.6499 per share. The ex-dividend date of this dividend is Tuesday, September 16th. This represents a $2.60 dividend on an annualized basis and a dividend yield of 1.14%. Taiwan Semiconductor Manufacturing's payout ratio is currently 30.59%.

Taiwan Semiconductor Manufacturing Company 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.

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