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

Ninety One SA PTY Ltd grew its holdings in Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM - Free Report) by 239.7% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). 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 comprises about 2.2% of Ninety One SA PTY Ltd's portfolio, making the stock its 12th biggest position. Ninety One SA PTY Ltd's holdings in Taiwan Semiconductor Manufacturing were worth $12,041,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in TSM. Brighton Jones LLC lifted its stake 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 valued at $2,159,000 after purchasing an additional 1,892 shares during the period. Victory Capital Management Inc. raised its stake in Taiwan Semiconductor Manufacturing by 15.3% during 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 raised its stake 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 worth $369,000 after buying an additional 429 shares during the period. Argentarii LLC acquired a new position in Taiwan Semiconductor Manufacturing during the 4th quarter worth approximately $240,000. Finally, BOK Financial Private Wealth Inc. raised its stake 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 worth $95,000 after buying an additional 89 shares during the period. 16.51% of the stock is owned by institutional investors and hedge funds.

Taiwan Semiconductor Manufacturing Stock Performance

Shares of TSM stock traded down $1.85 during trading on Thursday, hitting $229.99. The company's stock had a trading volume of 10,296,398 shares, compared to its average volume of 15,344,171. 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 company has a market cap of $1.19 trillion, a PE ratio of 29.56, a P/E/G ratio of 1.24 and a beta of 1.29. The business has a fifty day moving average of $204.28 and a 200-day moving average of $192.16. Taiwan Semiconductor Manufacturing Company Ltd. has a 52 week low of $133.57 and a 52 week high of $237.58.

Taiwan Semiconductor Manufacturing (NYSE:TSM - Get Free Report) last issued its quarterly earnings results on Thursday, April 17th. The semiconductor company reported $2.12 EPS for the quarter, beating analysts' consensus estimates of $2.03 by $0.09. The company had revenue of $25.82 billion during the quarter, compared to the consensus estimate of $834.10 billion. Taiwan Semiconductor Manufacturing had a return on equity of 31.43% and a net margin of 41.67%. As a group, research analysts anticipate 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 declared a quarterly dividend, which will be paid on Thursday, October 9th. Investors of record on Tuesday, September 16th will be given a dividend of $0.6499 per share. This represents a $2.60 dividend on an annualized basis and a dividend yield of 1.13%. The ex-dividend date of this dividend is Tuesday, September 16th. Taiwan Semiconductor Manufacturing's payout ratio is 31.75%.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the company. 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. Citigroup reissued a "buy" rating on shares of Taiwan Semiconductor Manufacturing in a research note on Thursday, May 22nd. Barclays reissued an "overweight" rating and issued a $240.00 price objective (up from $215.00) on shares of Taiwan Semiconductor Manufacturing in a research note on Tuesday, June 3rd. Finally, Susquehanna increased their price objective on Taiwan Semiconductor Manufacturing from $250.00 to $255.00 and gave the stock a "positive" rating in a research note on Tuesday, June 17th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target 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.