Fort Washington Investment Advisors Inc. OH Buys 57,717 Shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Fort Washington Investment Advisors Inc. OH grew its stake in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM - Free Report) by 9.7% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 649,777 shares of the semiconductor company's stock after purchasing an additional 57,717 shares during the quarter. Fort Washington Investment Advisors Inc. OH's holdings in Taiwan Semiconductor Manufacturing were worth $107,863,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Stonebridge Financial Group LLC bought a new position in shares of Taiwan Semiconductor Manufacturing in the fourth quarter valued at approximately $25,000. IMG Wealth Management Inc. bought a new position in shares of Taiwan Semiconductor Manufacturing in the fourth quarter valued at approximately $26,000. Hopwood Financial Services Inc. purchased a new position in shares of Taiwan Semiconductor Manufacturing during the 4th quarter valued at $27,000. Accredited Wealth Management LLC purchased a new position in shares of Taiwan Semiconductor Manufacturing during the 4th quarter valued at $31,000. Finally, Roxbury Financial LLC purchased a new position in shares of Taiwan Semiconductor Manufacturing during the 4th quarter valued at $29,000. Institutional investors own 16.51% of the company's stock.

Taiwan Semiconductor Manufacturing Price Performance

Shares of TSM traded up $1.24 during midday trading on Thursday, reaching $215.34. The stock had a trading volume of 9,769,787 shares, compared to its average volume of 15,745,808. The company's 50-day moving average is $177.44 and its 200 day moving average is $188.32. Taiwan Semiconductor Manufacturing Company Limited has a 12-month low of $133.57 and a 12-month high of $226.40. The company has a current ratio of 2.57, a quick ratio of 2.30 and a debt-to-equity ratio of 0.24. The company has a market capitalization of $1.12 trillion, a price-to-earnings ratio of 30.59, a price-to-earnings-growth ratio of 0.66 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 (EPS) for the quarter, topping analysts' consensus estimates of $2.03 by $0.09. Taiwan Semiconductor Manufacturing had a return on equity of 30.47% and a net margin of 40.51%. The firm had revenue of $25.82 billion during the quarter, compared to analysts' expectations of $834.10 billion. On average, equities analysts predict that Taiwan Semiconductor Manufacturing Company Limited will post 9.2 EPS for the current fiscal year.

Taiwan Semiconductor Manufacturing Cuts Dividend

The company 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 $0.6499 dividend. This represents a $2.60 dividend on an annualized basis and a dividend yield of 1.21%. The ex-dividend date of this dividend is Tuesday, September 16th. Taiwan Semiconductor Manufacturing's payout ratio is currently 30.46%.

Analysts Set New Price Targets

Several brokerages have recently weighed in on TSM. Susquehanna reiterated a "positive" rating on shares of Taiwan Semiconductor Manufacturing in a research report on Friday, April 25th. Barclays reiterated an "overweight" rating and issued a $240.00 price target (up from $215.00) on shares of Taiwan Semiconductor Manufacturing in a research report on Tuesday, June 3rd. Citigroup reiterated a "buy" rating on shares of Taiwan Semiconductor Manufacturing in a research report on Thursday, May 22nd. Finally, Needham & Company LLC reiterated a "buy" rating and issued 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 five have given a buy rating to the company. Based on data from MarketBeat.com, Taiwan Semiconductor Manufacturing presently has an average rating of "Moderate Buy" and an average price target of $217.00.

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.