Diamond Hill Capital Management Inc. Has $52.15 Million Stake in Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM)

Diamond Hill Capital Management Inc. grew its position in Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM - Free Report) by 27.6% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 314,164 shares of the semiconductor company's stock after acquiring an additional 67,894 shares during the period. Diamond Hill Capital Management Inc.'s holdings in Taiwan Semiconductor Manufacturing were worth $52,151,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of TSM. FMR LLC lifted its holdings in Taiwan Semiconductor Manufacturing by 4.6% during the 4th 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 in the last quarter. Sanders Capital LLC raised its position in shares of Taiwan Semiconductor Manufacturing by 0.6% during the fourth quarter. Sanders Capital LLC now owns 41,877,457 shares of the semiconductor company's stock worth $8,270,379,000 after acquiring an additional 231,310 shares during the last quarter. Capital World Investors raised its position in shares of Taiwan Semiconductor Manufacturing by 0.8% during the fourth quarter. Capital World Investors now owns 35,602,400 shares of the semiconductor company's stock worth $7,031,632,000 after acquiring an additional 294,316 shares during the last quarter. Capital International Investors lifted its stake in shares of Taiwan Semiconductor Manufacturing by 8.2% during the fourth quarter. Capital International Investors now owns 22,210,222 shares of the semiconductor company's stock valued at $4,391,957,000 after acquiring an additional 1,683,256 shares during the period. Finally, Price T Rowe Associates Inc. MD boosted its holdings in 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 valued at $2,047,065,000 after acquiring an additional 4,158,772 shares during the last quarter. Institutional investors and hedge funds own 16.51% of the company's stock.

Wall Street Analyst Weigh In

TSM has been the subject of a number of recent research reports. Susquehanna set a $265.00 price target on shares of Taiwan Semiconductor Manufacturing and gave the stock a "positive" rating in a research note on Monday, July 14th. Barclays reaffirmed an "overweight" rating and set a $240.00 target price (up previously from $215.00) on shares of Taiwan Semiconductor Manufacturing in a report on Tuesday, June 3rd. Needham & Company LLC reissued a "buy" rating and issued a $270.00 price target on shares of Taiwan Semiconductor Manufacturing in a research note on Thursday, July 17th. Finally, Citigroup restated a "buy" rating on shares of Taiwan Semiconductor Manufacturing in a research report on Thursday, May 22nd. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, Taiwan Semiconductor Manufacturing presently has an average rating of "Moderate Buy" and an average target price of $258.33.

Taiwan Semiconductor Manufacturing Stock Up 0.5%

Shares of NYSE:TSM traded up $1.20 during mid-day trading on Thursday, reaching $241.53. 8,993,426 shares of the stock were exchanged, compared to its average volume of 11,586,395. The stock's 50 day simple moving average is $216.44 and its 200-day simple moving average is $194.61. Taiwan Semiconductor Manufacturing Company Ltd. has a one year low of $133.57 and a one year high of $248.28. The company has a market cap of $1.25 trillion, a P/E ratio of 27.54, a P/E/G ratio of 1.16 and a beta of 1.29. The company has a quick ratio of 2.18, a current ratio of 2.39 and a debt-to-equity ratio of 0.22.

Taiwan Semiconductor Manufacturing (NYSE:TSM - Get Free Report) last released its earnings results on Thursday, July 17th. The semiconductor company reported $2.47 earnings per share for the quarter, beating the consensus estimate of $2.13 by $0.34. The business had revenue of $30.07 billion during the quarter, compared to analysts' expectations of $28.50 billion. Taiwan Semiconductor Manufacturing had a net margin of 42.91% and a return on equity of 34.53%. The firm's revenue was up 44.4% on a year-over-year basis. During the same period last year, the business earned $1.48 earnings per share. As a group, equities research analysts predict that Taiwan Semiconductor Manufacturing Company Ltd. will post 9.2 EPS 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. Investors of record on Tuesday, September 16th will be issued a dividend of $0.6499 per share. This represents a $2.60 dividend on an annualized basis and a dividend yield of 1.08%. The ex-dividend date of this dividend is Tuesday, September 16th. Taiwan Semiconductor Manufacturing's payout ratio is presently 28.16%.

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.