Flossbach Von Storch SE Has $46.65 Million Stock Position in Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM)

Flossbach Von Storch SE raised its position in shares of Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM - Free Report) by 22.5% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 280,996 shares of the semiconductor company's stock after acquiring an additional 51,673 shares during the period. Flossbach Von Storch SE's holdings in Taiwan Semiconductor Manufacturing were worth $46,645,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. DekaBank Deutsche Girozentrale boosted its stake in shares of Taiwan Semiconductor Manufacturing by 0.9% in the first quarter. DekaBank Deutsche Girozentrale now owns 1,339,479 shares of the semiconductor company's stock valued at $214,442,000 after buying an additional 11,693 shares during the period. Guardian Partners Inc. bought a new stake in shares of Taiwan Semiconductor Manufacturing in the fourth quarter valued at approximately $9,222,000. Pinnacle Investment Management Ltd bought a new stake in shares of Taiwan Semiconductor Manufacturing in the fourth quarter valued at approximately $26,661,000. Sentry LLC bought a new stake in shares of Taiwan Semiconductor Manufacturing in the first quarter valued at approximately $222,000. Finally, Compound Global Advisors LLC boosted its stake in shares of Taiwan Semiconductor Manufacturing by 31.2% in the first quarter. Compound Global Advisors LLC now owns 4,796 shares of the semiconductor company's stock valued at $747,000 after buying an additional 1,141 shares during the period. Institutional investors own 16.51% of the company's stock.

Analyst Upgrades and Downgrades

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

Taiwan Semiconductor Manufacturing Stock Up 1.8%

Taiwan Semiconductor Manufacturing stock traded up $3.99 during midday trading on Wednesday, reaching $231.85. The stock had a trading volume of 9,455,497 shares, compared to its average volume of 15,381,264. The company has a fifty day moving average price of $202.98 and a two-hundred day moving average price of $191.89. The company has a market capitalization of $1.20 trillion, a P/E ratio of 29.80, a PEG ratio of 1.19 and a beta of 1.29. The company has a current ratio of 2.39, a quick ratio of 2.18 and a debt-to-equity ratio of 0.22. Taiwan Semiconductor Manufacturing Company Ltd. has a 12 month low of $133.57 and a 12 month high of $237.58.

Taiwan Semiconductor Manufacturing (NYSE:TSM - Get Free Report) last released its quarterly earnings data on Thursday, April 17th. The semiconductor company reported $2.12 EPS for the quarter, beating the consensus estimate of $2.03 by $0.09. The firm had revenue of $25.82 billion during the quarter, compared to the consensus estimate of $834.10 billion. Taiwan Semiconductor Manufacturing had a return on equity of 31.43% and a net margin of 41.67%. As a group, equities analysts expect 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 disclosed a quarterly dividend, which will be paid on Thursday, October 9th. Stockholders 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 1.12%. The ex-dividend date is Tuesday, September 16th. Taiwan Semiconductor Manufacturing's dividend payout ratio is currently 33.42%.

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.