Sustainable Growth Advisers LP Buys 298,931 Shares of Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM)

Sustainable Growth Advisers LP raised its holdings in Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM - Free Report) by 116.8% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 554,775 shares of the semiconductor company's stock after purchasing an additional 298,931 shares during the period. Sustainable Growth Advisers LP's holdings in Taiwan Semiconductor Manufacturing were worth $92,093,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. DekaBank Deutsche Girozentrale boosted its holdings in shares of 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 valued at $214,442,000 after purchasing an additional 11,693 shares in the last quarter. Pinnacle Investment Management Ltd bought a new position in Taiwan Semiconductor Manufacturing during the 4th quarter worth $26,661,000. Sentry LLC bought a new position in shares of Taiwan Semiconductor Manufacturing during the first quarter worth about $222,000. Compound Global Advisors LLC lifted its position in shares of Taiwan Semiconductor Manufacturing by 31.2% in 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 period. Finally, Polymer Capital Management HK LTD increased its position in shares of Taiwan Semiconductor Manufacturing by 47.7% during the fourth 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 period. Institutional investors and hedge funds own 16.51% of the company's stock.

Analysts Set New Price Targets

TSM has been the topic of several recent analyst reports. Citigroup restated a "buy" rating on shares of Taiwan Semiconductor Manufacturing in a report on Thursday, May 22nd. Needham & Company LLC reaffirmed a "buy" rating and set a $270.00 target price on shares of Taiwan Semiconductor Manufacturing in a research note on Thursday, July 17th. Susquehanna set a $265.00 target price on Taiwan Semiconductor Manufacturing and gave the stock a "positive" rating in a report on Monday, July 14th. Finally, Barclays restated an "overweight" rating and set a $240.00 price target (up from $215.00) on shares of Taiwan Semiconductor Manufacturing in a report on Tuesday, June 3rd. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $258.33.

Taiwan Semiconductor Manufacturing Stock Up 0.5%

Shares of TSM stock traded up $1.20 on Thursday, reaching $241.53. 8,993,426 shares of the company were exchanged, compared to its average volume of 11,586,395. 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 company has a 50-day moving average of $215.49 and a 200-day moving average of $194.46. The company has a market cap of $1.25 trillion, a price-to-earnings ratio of 27.54, a PEG ratio of 1.16 and a beta of 1.29. Taiwan Semiconductor Manufacturing Company Ltd. has a one year low of $133.57 and a one year high of $248.28.

Taiwan Semiconductor Manufacturing (NYSE:TSM - Get Free Report) last announced its quarterly earnings results on Thursday, July 17th. The semiconductor company reported $2.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.13 by $0.34. The business had revenue of $30.07 billion for the quarter, compared to analyst estimates of $28.50 billion. Taiwan Semiconductor Manufacturing had a return on equity of 34.53% and a net margin of 42.91%. The company's quarterly revenue was up 44.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.48 earnings per share. 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 disclosed a quarterly dividend, which will be paid on Thursday, October 9th. Shareholders of record on Tuesday, September 16th will be issued a dividend of $0.6499 per share. The ex-dividend date of this dividend is Tuesday, September 16th. This represents a $2.60 annualized dividend and a yield of 1.08%. Taiwan Semiconductor Manufacturing's payout ratio is 28.16%.

About Taiwan Semiconductor Manufacturing

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.