Davidson Investment Advisors Acquires 85,038 Shares of Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM)

Davidson Investment Advisors boosted its holdings in shares of Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM - Free Report) by 88.6% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 181,032 shares of the semiconductor company's stock after buying an additional 85,038 shares during the period. Taiwan Semiconductor Manufacturing makes up about 1.5% of Davidson Investment Advisors' holdings, making the stock its 18th largest holding. Davidson Investment Advisors' holdings in Taiwan Semiconductor Manufacturing were worth $30,051,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in TSM. FMR LLC increased its holdings in shares of Taiwan Semiconductor Manufacturing by 4.6% in the fourth quarter. FMR LLC now owns 58,547,257 shares of the semiconductor company's stock worth $11,562,498,000 after buying an additional 2,572,488 shares during the period. Sanders Capital LLC increased its holdings in shares of Taiwan Semiconductor Manufacturing by 0.6% in the fourth quarter. Sanders Capital LLC now owns 41,877,457 shares of the semiconductor company's stock worth $8,270,379,000 after buying an additional 231,310 shares during the period. Capital World Investors increased its holdings in shares of Taiwan Semiconductor Manufacturing by 0.8% in the fourth quarter. Capital World Investors now owns 35,602,400 shares of the semiconductor company's stock worth $7,031,632,000 after buying an additional 294,316 shares during the period. Capital International Investors increased its holdings in shares of Taiwan Semiconductor Manufacturing by 8.2% in the fourth quarter. Capital International Investors now owns 22,210,222 shares of the semiconductor company's stock worth $4,391,957,000 after buying an additional 1,683,256 shares during the period. Finally, Price T Rowe Associates Inc. MD increased its holdings in shares of Taiwan Semiconductor Manufacturing by 67.0% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 10,365,404 shares of the semiconductor company's stock worth $2,047,065,000 after buying an additional 4,158,772 shares during the period. Institutional investors own 16.51% of the company's stock.

Taiwan Semiconductor Manufacturing Stock Performance

Shares of NYSE TSM traded down $5.58 during midday trading on Monday, hitting $229.22. 13,806,249 shares of the stock traded hands, compared to its average volume of 15,459,647. The firm has a 50-day moving average of $200.39 and a two-hundred day moving average of $191.41. The firm has a market capitalization of $1.19 trillion, a P/E ratio of 29.46, a PEG ratio of 1.22 and a beta of 1.29. The company has a debt-to-equity ratio of 0.22, a quick ratio of 2.18 and a current ratio of 2.39. Taiwan Semiconductor Manufacturing Company Ltd. has a one year low of $133.57 and a one year high of $237.58.

Taiwan Semiconductor Manufacturing (NYSE:TSM - Get Free Report) last announced its 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 for the quarter, compared to analysts' expectations of $834.10 billion. On average, equities analysts forecast that Taiwan Semiconductor Manufacturing Company Ltd. will post 9.2 EPS for the current fiscal year.

Taiwan Semiconductor Manufacturing Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 9th. Shareholders of record on Tuesday, September 16th will be issued a dividend of $0.6499 per share. The ex-dividend date is Tuesday, September 16th. This represents a $2.60 dividend on an annualized basis and a yield of 1.13%. Taiwan Semiconductor Manufacturing's dividend payout ratio is presently 30.59%.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on TSM. Susquehanna boosted their price target on Taiwan Semiconductor Manufacturing from $250.00 to $255.00 and gave the company a "positive" rating in a report on Tuesday, June 17th. Citigroup restated a "buy" rating on shares of Taiwan Semiconductor Manufacturing in a report on Thursday, May 22nd. Needham & Company LLC boosted their price target on Taiwan Semiconductor Manufacturing from $225.00 to $270.00 and gave the company a "buy" rating in a report on Tuesday, July 1st. Finally, Barclays restated an "overweight" rating and set a $240.00 price target (up previously from $215.00) on shares of Taiwan Semiconductor Manufacturing in a report on Tuesday, June 3rd. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $233.75.

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.