Pzena Investment Management LLC Has $6.89 Million Stock Holdings in Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM)

Pzena Investment Management LLC trimmed its position in shares of Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM - Free Report) by 24.6% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 41,521 shares of the semiconductor company's stock after selling 13,539 shares during the period. Pzena Investment Management LLC's holdings in Taiwan Semiconductor Manufacturing were worth $6,892,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Commerzbank Aktiengesellschaft FI bought a new stake in shares of Taiwan Semiconductor Manufacturing during the 1st quarter worth about $1,294,000. Easterly Investment Partners LLC raised its position in shares of Taiwan Semiconductor Manufacturing by 3.1% during the 1st quarter. Easterly Investment Partners LLC now owns 46,103 shares of the semiconductor company's stock worth $7,653,000 after buying an additional 1,371 shares in the last quarter. Montrusco Bolton Investments Inc. raised its position in shares of Taiwan Semiconductor Manufacturing by 14.3% during the 1st quarter. Montrusco Bolton Investments Inc. now owns 553,987 shares of the semiconductor company's stock worth $87,371,000 after buying an additional 69,435 shares in the last quarter. Verdence Capital Advisors LLC raised its position in shares of Taiwan Semiconductor Manufacturing by 9.9% during the 1st quarter. Verdence Capital Advisors LLC now owns 17,782 shares of the semiconductor company's stock worth $2,952,000 after buying an additional 1,598 shares in the last quarter. Finally, Legacy Capital Wealth Partners LLC raised its position in shares of Taiwan Semiconductor Manufacturing by 3.3% during the 1st quarter. Legacy Capital Wealth Partners LLC now owns 4,058 shares of the semiconductor company's stock worth $674,000 after buying an additional 129 shares in the last quarter. 16.51% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts recently commented on TSM shares. Citigroup reiterated a "buy" rating on shares of Taiwan Semiconductor Manufacturing in a report on Thursday, May 22nd. Barclays reiterated an "overweight" rating and issued a $240.00 target price (up from $215.00) on shares of Taiwan Semiconductor Manufacturing in a report on Tuesday, June 3rd. Susquehanna set a $265.00 target price on shares of Taiwan Semiconductor Manufacturing and gave the stock a "positive" rating in a report on Monday. Finally, Needham & Company LLC reiterated a "buy" rating and issued a $270.00 target price on shares of Taiwan Semiconductor Manufacturing in a report on Thursday. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $236.25.

Taiwan Semiconductor Manufacturing Trading Down 2.1%

Shares of TSM stock traded down $5.20 during trading hours on Friday, reaching $240.40. 16,235,822 shares of the stock traded hands, compared to its average volume of 15,024,312. Taiwan Semiconductor Manufacturing Company Ltd. has a 1-year low of $133.57 and a 1-year high of $248.28. The business has a fifty day moving average price of $211.45 and a 200 day moving average price of $193.43. The company has a quick ratio of 2.18, a current ratio of 2.39 and a debt-to-equity ratio of 0.22. The firm has a market capitalization of $1.25 trillion, a PE ratio of 27.41, a PEG ratio of 1.32 and a beta of 1.29.

Taiwan Semiconductor Manufacturing (NYSE:TSM - Get Free Report) last released its quarterly earnings results on Thursday, July 17th. The semiconductor company reported $2.47 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.13 by $0.34. Taiwan Semiconductor Manufacturing had a net margin of 42.91% and a return on equity of 34.53%. The business had revenue of $30.07 billion for the quarter, compared to analyst estimates of $28.50 billion. During the same quarter in the previous year, the business earned $1.48 earnings per share. The firm's revenue was up 44.4% compared to the same quarter last year. On average, equities research analysts forecast that Taiwan Semiconductor Manufacturing Company Ltd. will post 9.2 EPS 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. Shareholders of record on Tuesday, September 16th will be paid a $0.6499 dividend. 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 dividend payout ratio is presently 31.75%.

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.