Sarasin & Partners LLP Makes New $362.77 Million Investment in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Sarasin & Partners LLP acquired a new stake in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 2,088,866 shares of the semiconductor company's stock, valued at approximately $362,773,000. Taiwan Semiconductor Manufacturing accounts for about 3.6% of Sarasin & Partners LLP's investment portfolio, making the stock its 12th biggest holding.

A number of other institutional investors have also recently made changes to their positions in the stock. Tallon Kerry Patrick purchased a new stake in Taiwan Semiconductor Manufacturing in the fourth quarter worth $228,000. LaFleur & Godfrey LLC purchased a new stake in Taiwan Semiconductor Manufacturing in the fourth quarter worth $221,000. Brighton Jones LLC lifted its stake in Taiwan Semiconductor Manufacturing by 20.9% in the fourth quarter. Brighton Jones LLC now owns 10,930 shares of the semiconductor company's stock worth $2,159,000 after acquiring an additional 1,892 shares during the period. Union Bancaire Privee UBP SA purchased a new stake in Taiwan Semiconductor Manufacturing in the fourth quarter worth $91,830,000. Finally, Heck Capital Advisors LLC purchased a new stake in Taiwan Semiconductor Manufacturing in the fourth quarter worth $416,000. Hedge funds and other institutional investors own 16.51% of the company's stock.

Taiwan Semiconductor Manufacturing Stock Performance

NYSE:TSM traded up $0.93 on Thursday, hitting $203.33. The stock had a trading volume of 5,675,049 shares, compared to its average volume of 15,811,694. The stock has a market cap of $1.05 trillion, a price-to-earnings ratio of 28.88, a price-to-earnings-growth ratio of 0.66 and a beta of 1.21. The company has a quick ratio of 2.30, a current ratio of 2.57 and a debt-to-equity ratio of 0.24. The business's 50-day simple moving average is $172.79 and its two-hundred day simple moving average is $187.66. Taiwan Semiconductor Manufacturing Company Limited has a 52-week low of $133.57 and a 52-week high of $226.40.

Taiwan Semiconductor Manufacturing (NYSE:TSM - Get Free Report) last announced its earnings results on Thursday, April 17th. The semiconductor company reported $2.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.03 by $0.09. Taiwan Semiconductor Manufacturing had a return on equity of 30.47% and a net margin of 40.51%. The business had revenue of $25.82 billion for the quarter, compared to analysts' expectations of $834.10 billion. As a group, research analysts predict that Taiwan Semiconductor Manufacturing Company Limited will post 9.2 earnings per share for the current year.

Taiwan Semiconductor Manufacturing Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 9th. Stockholders of record on Tuesday, September 16th will be given a dividend of $0.6499 per share. The ex-dividend date of this dividend is Tuesday, September 16th. This represents a $2.60 dividend on an annualized basis and a dividend yield of 1.28%. Taiwan Semiconductor Manufacturing's payout ratio is currently 30.46%.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the company. Citigroup reissued a "buy" rating on shares of Taiwan Semiconductor Manufacturing in a research report on Thursday, May 22nd. Barclays raised their price objective on Taiwan Semiconductor Manufacturing from $215.00 to $240.00 and gave the company an "overweight" rating in a research report on Tuesday. Susquehanna reissued a "positive" rating on shares of Taiwan Semiconductor Manufacturing in a research report on Friday, April 25th. Finally, Needham & Company LLC restated a "buy" rating and set a $225.00 price target on shares of Taiwan Semiconductor Manufacturing in a report on Thursday, April 17th. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $217.00.

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.