Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM) is Ninety One North America Inc.'s 7th Largest Position

Ninety One North America Inc. trimmed its stake in Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM - Free Report) by 21.3% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 329,961 shares of the semiconductor company's stock after selling 89,124 shares during the quarter. Taiwan Semiconductor Manufacturing makes up 3.7% of Ninety One North America Inc.'s portfolio, making the stock its 7th biggest holding. Ninety One North America Inc.'s holdings in Taiwan Semiconductor Manufacturing were worth $54,774,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently made changes to their positions in the company. Alpha Cubed Investments LLC increased its stake in Taiwan Semiconductor Manufacturing by 283.7% in the first quarter. Alpha Cubed Investments LLC now owns 194,028 shares of the semiconductor company's stock valued at $32,209,000 after purchasing an additional 143,457 shares during the last quarter. Davidson Investment Advisors increased its stake in Taiwan Semiconductor Manufacturing by 88.6% in the first quarter. Davidson Investment Advisors now owns 181,032 shares of the semiconductor company's stock valued at $30,051,000 after purchasing an additional 85,038 shares during the last quarter. Beverly Hills Private Wealth LLC increased its stake in Taiwan Semiconductor Manufacturing by 2.3% in the first quarter. Beverly Hills Private Wealth LLC now owns 29,478 shares of the semiconductor company's stock valued at $4,893,000 after purchasing an additional 675 shares during the last quarter. Interchange Capital Partners LLC increased its stake in Taiwan Semiconductor Manufacturing by 17.6% in the first quarter. Interchange Capital Partners LLC now owns 6,514 shares of the semiconductor company's stock valued at $1,081,000 after purchasing an additional 977 shares during the last quarter. Finally, Crossmark Global Holdings Inc. increased its stake in Taiwan Semiconductor Manufacturing by 0.9% in the first quarter. Crossmark Global Holdings Inc. now owns 312,559 shares of the semiconductor company's stock valued at $51,885,000 after purchasing an additional 2,659 shares during the last quarter. 16.51% of the stock is owned by institutional investors and hedge funds.

Taiwan Semiconductor Manufacturing Trading Up 0.1%

NYSE:TSM traded up $0.17 on Tuesday, hitting $229.34. 3,743,288 shares of the stock were exchanged, compared to its average volume of 15,413,792. The stock has a market cap of $1.19 trillion, a PE ratio of 29.47, a PEG ratio of 1.22 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. The stock has a fifty day moving average of $201.71 and a 200-day moving average of $191.64. Taiwan Semiconductor Manufacturing Company Ltd. has a fifty-two week low of $133.57 and a fifty-two week high of $237.58.

Taiwan Semiconductor Manufacturing (NYSE:TSM - Get Free Report) last announced its quarterly 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 return on equity of 31.43% and a net margin of 41.67%. The company had revenue of $25.82 billion during the quarter, compared to analyst estimates of $834.10 billion. As a group, equities 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 business also recently announced a quarterly dividend, which will be paid on Thursday, October 9th. Stockholders of record on Tuesday, September 16th will be given a $0.6499 dividend. This represents a $2.60 annualized dividend and a dividend yield of 1.13%. The ex-dividend date is Tuesday, September 16th. Taiwan Semiconductor Manufacturing's payout ratio is 30.59%.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the company. Susquehanna upped their target price on Taiwan Semiconductor Manufacturing from $250.00 to $255.00 and gave the company a "positive" rating in a research note on Tuesday, June 17th. Citigroup reiterated a "buy" rating on shares of Taiwan Semiconductor Manufacturing in a research note on Thursday, May 22nd. Needham & Company LLC upped their price target 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. Finally, Barclays restated an "overweight" rating and set a $240.00 price target (up from $215.00) on shares of Taiwan Semiconductor Manufacturing in a research note on Tuesday, June 3rd. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $233.75.

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.