Sava Infond d.o.o. Reduces Stake in Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM)

Sava Infond d.o.o. reduced its holdings in Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM - Free Report) by 5.9% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 96,830 shares of the semiconductor company's stock after selling 6,100 shares during the period. Taiwan Semiconductor Manufacturing makes up about 3.1% of Sava Infond d.o.o.'s investment portfolio, making the stock its 10th largest position. Sava Infond d.o.o.'s holdings in Taiwan Semiconductor Manufacturing were worth $16,074,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in TSM. Price T Rowe Associates Inc. MD grew its holdings in shares of Taiwan Semiconductor Manufacturing by 67.0% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 10,365,404 shares of the semiconductor company's stock worth $2,047,065,000 after purchasing an additional 4,158,772 shares in the last quarter. FMR LLC grew its holdings in shares of Taiwan Semiconductor Manufacturing by 4.6% during the 4th quarter. FMR LLC now owns 58,547,257 shares of the semiconductor company's stock worth $11,562,498,000 after purchasing an additional 2,572,488 shares in the last quarter. Sarasin & Partners LLP acquired a new stake in shares of Taiwan Semiconductor Manufacturing during the 1st quarter worth approximately $362,773,000. Franklin Resources Inc. grew its holdings in shares of Taiwan Semiconductor Manufacturing by 32.3% during the 4th quarter. Franklin Resources Inc. now owns 8,498,063 shares of the semiconductor company's stock worth $1,678,283,000 after purchasing an additional 2,074,329 shares in the last quarter. Finally, Northern Trust Corp grew its holdings in shares of Taiwan Semiconductor Manufacturing by 45.2% during the 4th quarter. Northern Trust Corp now owns 6,244,965 shares of the semiconductor company's stock worth $1,233,318,000 after purchasing an additional 1,944,328 shares in the last quarter. 16.51% of the stock is owned by institutional investors.

Taiwan Semiconductor Manufacturing Price Performance

Shares of TSM stock opened at $210.47 on Tuesday. The stock's fifty day simple moving average is $187.34 and its 200 day simple moving average is $189.45. 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 $1.09 trillion, a price-to-earnings ratio of 27.05, a P/E/G ratio of 1.08 and a beta of 1.27. Taiwan Semiconductor Manufacturing Company Ltd. has a one year low of $133.57 and a one year high of $226.40.

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, beating the consensus estimate of $2.03 by $0.09. The business had revenue of $25.82 billion for the quarter, compared to analyst estimates of $834.10 billion. Taiwan Semiconductor Manufacturing had a return on equity of 31.43% and a net margin of 41.67%. On average, analysts expect that Taiwan Semiconductor Manufacturing Company Ltd. will post 9.2 earnings per share for the current fiscal year.

Taiwan Semiconductor Manufacturing Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 9th. Shareholders of record on Tuesday, September 16th will be paid a $0.6499 dividend. This represents a $2.60 dividend on an annualized basis and a yield of 1.24%. The ex-dividend date is Tuesday, September 16th. Taiwan Semiconductor Manufacturing's dividend payout ratio is currently 30.59%.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the company. Susquehanna lifted their price objective on Taiwan Semiconductor Manufacturing from $250.00 to $255.00 and gave the stock a "positive" rating in a report on Tuesday, June 17th. Needham & Company LLC reissued a "buy" rating and set a $225.00 price objective on shares of Taiwan Semiconductor Manufacturing in a report on Thursday, April 17th. Barclays reissued an "overweight" rating and set a $240.00 price objective (up previously from $215.00) on shares of Taiwan Semiconductor Manufacturing in a report on Tuesday, June 3rd. Finally, Citigroup reaffirmed a "buy" rating on shares of Taiwan Semiconductor Manufacturing in a research note on Thursday, May 22nd. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, Taiwan Semiconductor Manufacturing presently has an average rating of "Moderate Buy" and a consensus price target of $222.50.

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.

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