Ramirez Asset Management Inc. Has $28.50 Million Stock Position in Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM)

Key Points

• Ramirez Asset Management Inc. increased its stake in Taiwan Semiconductor Manufacturing Company by 1.5% during Q1, now owning 171,712 shares which account for about 5.9% of its portfolio.
• The semiconductor company reported $30.07 billion in revenue during its last quarter, surpassing analyst estimates and reflecting a 44.4% year-over-year revenue growth.
• Taiwan Semiconductor Manufacturing recently announced a quarterly dividend of $0.6499 per share, yielding approximately 1.07%, with a dividend payout ratio of 28.16%.

Ramirez Asset Management Inc. boosted its stake in shares of Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM - Free Report) by 1.5% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 171,712 shares of the semiconductor company's stock after acquiring an additional 2,561 shares during the quarter. Taiwan Semiconductor Manufacturing comprises about 5.9% of Ramirez Asset Management Inc.'s investment portfolio, making the stock its biggest position. Ramirez Asset Management Inc.'s holdings in Taiwan Semiconductor Manufacturing were worth $28,504,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. DekaBank Deutsche Girozentrale raised its stake in Taiwan Semiconductor Manufacturing by 0.9% in the 1st quarter. DekaBank Deutsche Girozentrale now owns 1,339,479 shares of the semiconductor company's stock worth $214,442,000 after acquiring an additional 11,693 shares during the last quarter. Pinnacle Investment Management Ltd purchased a new position in Taiwan Semiconductor Manufacturing during the 4th quarter valued at about $26,661,000. Sentry LLC purchased a new position in Taiwan Semiconductor Manufacturing in the 1st quarter valued at approximately $222,000. Compound Global Advisors LLC lifted its position in shares of Taiwan Semiconductor Manufacturing by 31.2% during the 1st quarter. Compound Global Advisors LLC now owns 4,796 shares of the semiconductor company's stock worth $747,000 after purchasing an additional 1,141 shares during the last quarter. Finally, Polymer Capital Management HK LTD lifted its position in shares of Taiwan Semiconductor Manufacturing by 47.7% during the 4th quarter. Polymer Capital Management HK LTD now owns 86,493 shares of the semiconductor company's stock worth $17,082,000 after buying an additional 27,938 shares during the last quarter. Institutional investors own 16.51% of the company's stock.

Taiwan Semiconductor Manufacturing Stock Performance

Shares of NYSE:TSM traded down $7.11 on Friday, hitting $234.51. The company had a trading volume of 9,373,657 shares, compared to its average volume of 15,439,109. The stock has a market cap of $1.22 trillion, a price-to-earnings ratio of 26.72, a P/E/G ratio of 1.17 and a beta of 1.29. The company has a current ratio of 2.37, a quick ratio of 2.18 and a debt-to-equity ratio of 0.18. The stock has a 50 day moving average price of $221.34 and a 200 day moving average price of $195.83. Taiwan Semiconductor Manufacturing Company Ltd. has a 1-year low of $133.57 and a 1-year high of $248.28.

Taiwan Semiconductor Manufacturing (NYSE:TSM - Get Free Report) last announced its quarterly earnings data on Thursday, July 17th. The semiconductor company reported $2.47 EPS for the quarter, beating the consensus estimate of $2.13 by $0.34. The business had revenue of $30.07 billion during the quarter, compared to the consensus estimate of $28.50 billion. Taiwan Semiconductor Manufacturing had a net margin of 42.91% and a return on equity of 32.87%. The company's revenue was up 44.4% on a year-over-year basis. During the same period in the previous year, the business earned $1.48 earnings per share. Analysts expect that Taiwan Semiconductor Manufacturing Company Ltd. will post 9.2 EPS for the current year.

Taiwan Semiconductor Manufacturing Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 9th. Investors of record on Tuesday, September 16th will be paid a dividend of $0.6499 per share. This represents a $2.60 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date of this dividend is Tuesday, September 16th. Taiwan Semiconductor Manufacturing's dividend payout ratio is 28.16%.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. Needham & Company LLC restated a "buy" rating and issued a $270.00 price target on shares of Taiwan Semiconductor Manufacturing in a research report on Thursday, July 17th. Barclays restated an "overweight" rating and set a $240.00 price objective (up from $215.00) on shares of Taiwan Semiconductor Manufacturing in a research note on Tuesday, June 3rd. Susquehanna upped their target price on Taiwan Semiconductor Manufacturing from $255.00 to $265.00 and gave the stock a "positive" rating in a research report on Monday, July 14th. Finally, Citigroup reissued a "buy" rating on shares of Taiwan Semiconductor Manufacturing in a research report on Thursday, May 22nd. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $258.33.

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.