Global X Japan Co. Ltd. Has $7.71 Million Stake in Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM)

Global X Japan Co. Ltd. increased its stake in Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM - Free Report) by 51.0% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 46,464 shares of the semiconductor company's stock after acquiring an additional 15,700 shares during the quarter. Taiwan Semiconductor Manufacturing makes up 0.9% of Global X Japan Co. Ltd.'s holdings, making the stock its 24th largest holding. Global X Japan Co. Ltd.'s holdings in Taiwan Semiconductor Manufacturing were worth $7,713,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. IMG Wealth Management Inc. acquired a new stake in Taiwan Semiconductor Manufacturing during the 4th quarter valued at $26,000. Hopwood Financial Services Inc. purchased a new position in shares of Taiwan Semiconductor Manufacturing during the fourth quarter valued at $27,000. Accredited Wealth Management LLC acquired a new position in Taiwan Semiconductor Manufacturing during the fourth quarter valued at $31,000. City Holding Co. lifted its stake in Taiwan Semiconductor Manufacturing by 238.0% in the 1st quarter. City Holding Co. now owns 169 shares of the semiconductor company's stock worth $28,000 after acquiring an additional 119 shares in the last quarter. Finally, Glass Jacobson Investment Advisors llc boosted its position in Taiwan Semiconductor Manufacturing by 289.4% during the 4th quarter. Glass Jacobson Investment Advisors llc now owns 183 shares of the semiconductor company's stock worth $36,000 after acquiring an additional 136 shares during the period. 16.51% of the stock is owned by institutional investors and hedge funds.

Taiwan Semiconductor Manufacturing Stock Down 0.2%

Shares of TSM traded down $0.41 during mid-day trading on Thursday, hitting $213.49. 6,919,365 shares of the company's stock were exchanged, compared to its average volume of 15,611,161. The stock has a market cap of $1.11 trillion, a price-to-earnings ratio of 27.44, a P/E/G ratio of 1.11 and a beta of 1.27. The firm has a fifty day moving average of $183.95 and a two-hundred day moving average of $189.38. 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 Company Ltd. has a twelve month low of $133.57 and a twelve month high of $226.40.

Taiwan Semiconductor Manufacturing (NYSE:TSM - Get Free Report) last posted its earnings results on Thursday, April 17th. The semiconductor company reported $2.12 EPS for the quarter, topping the consensus estimate of $2.03 by $0.09. Taiwan Semiconductor Manufacturing had a net margin of 41.67% and a return on equity of 31.43%. The firm had revenue of $25.82 billion for the quarter, compared to the consensus estimate of $834.10 billion. On average, sell-side analysts forecast that Taiwan Semiconductor Manufacturing Company Ltd. will post 9.2 earnings per share for the current year.

Taiwan Semiconductor Manufacturing Cuts Dividend

The business 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 $0.6499 dividend. The ex-dividend date of this dividend is Tuesday, September 16th. This represents a $2.60 annualized dividend and a yield of 1.22%. Taiwan Semiconductor Manufacturing's dividend payout ratio (DPR) is currently 30.59%.

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. Barclays reissued 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. Needham & Company LLC reiterated a "buy" rating and issued a $225.00 target price on shares of Taiwan Semiconductor Manufacturing in a research report on Thursday, April 17th. Susquehanna boosted their price target on shares of Taiwan Semiconductor Manufacturing from $250.00 to $255.00 and gave the company a "positive" rating in a report on Tuesday. Finally, Citigroup reiterated a "buy" rating on shares of Taiwan Semiconductor Manufacturing in a report on Thursday, May 22nd. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, Taiwan Semiconductor Manufacturing currently has an average rating of "Moderate Buy" and a consensus price target of $218.00.

Taiwan Semiconductor Manufacturing 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.