Ninety One SA PTY Ltd Grows Holdings in Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM)

Ninety One SA PTY Ltd raised its stake in shares of Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM - Free Report) by 239.7% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 73,285 shares of the semiconductor company's stock after purchasing an additional 51,710 shares during the quarter. Taiwan Semiconductor Manufacturing makes up about 2.2% of Ninety One SA PTY Ltd's holdings, making the stock its 12th biggest holding. Ninety One SA PTY Ltd's holdings in Taiwan Semiconductor Manufacturing were worth $12,041,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in the stock. Brighton Jones LLC grew its position in shares of Taiwan Semiconductor Manufacturing by 20.9% in the 4th quarter. Brighton Jones LLC now owns 10,930 shares of the semiconductor company's stock worth $2,159,000 after buying an additional 1,892 shares during the period. Victory Capital Management Inc. grew its position in shares of Taiwan Semiconductor Manufacturing by 15.3% in the 4th quarter. Victory Capital Management Inc. now owns 120,618 shares of the semiconductor company's stock worth $23,821,000 after buying an additional 15,961 shares during the period. Proficio Capital Partners LLC grew its position in Taiwan Semiconductor Manufacturing by 29.8% during the 4th quarter. Proficio Capital Partners LLC now owns 1,868 shares of the semiconductor company's stock valued at $369,000 after purchasing an additional 429 shares during the last quarter. Argentarii LLC purchased a new stake in Taiwan Semiconductor Manufacturing during the 4th quarter valued at about $240,000. Finally, BOK Financial Private Wealth Inc. grew its position in Taiwan Semiconductor Manufacturing by 22.8% during the 4th quarter. BOK Financial Private Wealth Inc. now owns 479 shares of the semiconductor company's stock valued at $95,000 after purchasing an additional 89 shares during the last quarter. 16.51% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts recently commented on the stock. Citigroup reissued a "buy" rating on shares of Taiwan Semiconductor Manufacturing in a research report on Thursday, May 22nd. Barclays restated an "overweight" rating and set 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 upped their target price on shares of Taiwan Semiconductor Manufacturing from $225.00 to $270.00 and gave the company a "buy" rating in a research note on Tuesday, July 1st. Finally, Susquehanna upped their target price on shares of Taiwan Semiconductor Manufacturing from $250.00 to $255.00 and gave the company a "positive" rating in a research note on Tuesday, June 17th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $233.75.

Taiwan Semiconductor Manufacturing Stock Performance

Shares of NYSE:TSM traded up $0.61 during trading on Friday, hitting $230.37. The company's stock had a trading volume of 3,356,646 shares, compared to its average volume of 15,291,124. The company has a 50-day moving average of $205.42 and a 200-day moving average of $192.32. Taiwan Semiconductor Manufacturing Company Ltd. has a 12 month low of $133.57 and a 12 month high of $237.58. 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 firm has a market cap of $1.19 trillion, a price-to-earnings ratio of 29.62, a P/E/G ratio of 1.25 and a beta of 1.29.

Taiwan Semiconductor Manufacturing (NYSE:TSM - Get Free Report) last issued its quarterly earnings data on Thursday, April 17th. The semiconductor company reported $2.12 earnings per share 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 analysts' expectations of $834.10 billion. On average, sell-side analysts expect that Taiwan Semiconductor Manufacturing Company Ltd. will post 9.2 earnings per share for the current 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 paid 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 dividend payout ratio (DPR) is presently 31.75%.

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.