KBC Group NV Increases Holdings in Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM)

KBC Group NV grew its position in Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM - Free Report) by 34.3% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 93,805 shares of the semiconductor company's stock after purchasing an additional 23,933 shares during the period. KBC Group NV's holdings in Taiwan Semiconductor Manufacturing were worth $15,572,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. IMG Wealth Management Inc. acquired a new position in shares of Taiwan Semiconductor Manufacturing in the fourth quarter valued at about $26,000. Hopwood Financial Services Inc. purchased a new stake in shares of Taiwan Semiconductor Manufacturing in the fourth quarter worth about $27,000. City Holding Co. boosted its stake in shares of Taiwan Semiconductor Manufacturing by 238.0% in the first quarter. City Holding Co. now owns 169 shares of the semiconductor company's stock worth $28,000 after buying an additional 119 shares during the last quarter. Accredited Wealth Management LLC purchased a new stake in shares of Taiwan Semiconductor Manufacturing in the fourth quarter worth about $31,000. Finally, Signature Resources Capital Management LLC boosted its stake in shares of Taiwan Semiconductor Manufacturing by 138.8% in the first quarter. Signature Resources Capital Management LLC now owns 191 shares of the semiconductor company's stock worth $32,000 after buying an additional 111 shares during the last quarter. 16.51% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

Taiwan Semiconductor Manufacturing Trading Down 0.7%

Taiwan Semiconductor Manufacturing stock traded down $1.60 during trading on Tuesday, reaching $224.89. 9,980,329 shares of the company were exchanged, compared to its average volume of 15,441,534. Taiwan Semiconductor Manufacturing Company Ltd. has a 52-week low of $133.57 and a 52-week high of $228.88. The company has a market capitalization of $1.17 trillion, a P/E ratio of 28.91, a PEG ratio of 1.18 and a beta of 1.27. The company has a debt-to-equity ratio of 0.22, a current ratio of 2.39 and a quick ratio of 2.18. The stock's 50 day simple moving average is $194.57 and its two-hundred day simple moving average is $190.46.

Taiwan Semiconductor Manufacturing (NYSE:TSM - Get Free Report) last posted its earnings results on Thursday, April 17th. The semiconductor company reported $2.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.03 by $0.09. The company had revenue of $25.82 billion during the quarter, compared to analysts' expectations of $834.10 billion. Taiwan Semiconductor Manufacturing had a return on equity of 31.43% and a net margin of 41.67%. On average, equities research analysts expect that Taiwan Semiconductor Manufacturing Company Ltd. will post 9.2 earnings per share 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 paid a $0.6499 dividend. The ex-dividend date of this dividend is Tuesday, September 16th. This represents a $2.60 dividend on an annualized basis and a dividend yield of 1.16%. Taiwan Semiconductor Manufacturing's payout ratio is presently 30.59%.

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.