Robeco Institutional Asset Management B.V. Raises Position in Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM)

Robeco Institutional Asset Management B.V. increased its stake in shares of Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM - Free Report) by 35.9% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,166,699 shares of the semiconductor company's stock after buying an additional 308,354 shares during the quarter. Robeco Institutional Asset Management B.V.'s holdings in Taiwan Semiconductor Manufacturing were worth $193,672,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Guardian Partners Inc. bought a new position in shares of Taiwan Semiconductor Manufacturing during the fourth quarter valued at about $9,222,000. Pinnacle Investment Management Ltd bought a new position in shares of Taiwan Semiconductor Manufacturing in the fourth quarter valued at approximately $26,661,000. Alphinity Investment Management Pty Ltd bought a new position in shares of Taiwan Semiconductor Manufacturing in the fourth quarter valued at approximately $349,241,000. Sentry LLC purchased a new stake in shares of Taiwan Semiconductor Manufacturing during the first quarter valued at approximately $222,000. Finally, Red Crane Wealth Management LLC bought a new stake in Taiwan Semiconductor Manufacturing during the fourth quarter worth $320,000. 16.51% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

TSM has been the subject of a number of recent analyst reports. Citigroup restated a "buy" rating on shares of Taiwan Semiconductor Manufacturing in a research note on Thursday, May 22nd. Barclays restated an "overweight" rating and set a $240.00 price target (up previously from $215.00) on shares of Taiwan Semiconductor Manufacturing in a research report on Tuesday, June 3rd. Susquehanna lifted their price objective on shares of 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, Needham & Company LLC reiterated a "buy" rating and issued a $225.00 target price on shares of Taiwan Semiconductor Manufacturing in a research note on Thursday, April 17th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $222.50.

Taiwan Semiconductor Manufacturing Price Performance

Shares of TSM stock traded up $1.30 during trading hours on Thursday, hitting $224.04. 7,972,636 shares of the company's stock were exchanged, compared to its average volume of 15,447,828. The company has a market capitalization of $1.16 trillion, a PE ratio of 28.80, a PEG ratio of 1.14 and a beta of 1.27. The company has a current ratio of 2.39, a quick ratio of 2.18 and a debt-to-equity ratio of 0.22. Taiwan Semiconductor Manufacturing Company Ltd. has a 12-month low of $133.57 and a 12-month high of $226.40. The business's 50 day simple moving average is $190.02 and its 200-day simple moving average is $189.89.

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 analysts' consensus estimates 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 business had revenue of $25.82 billion for the quarter, compared to analysts' expectations of $834.10 billion. On average, equities 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. Shareholders 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 yield of 1.16%. The ex-dividend date is Tuesday, September 16th. Taiwan Semiconductor Manufacturing's payout ratio is 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.