Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM) Shares Purchased by DekaBank Deutsche Girozentrale

DekaBank Deutsche Girozentrale grew its stake in shares of Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM - Free Report) by 0.9% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,339,479 shares of the semiconductor company's stock after purchasing an additional 11,693 shares during the quarter. DekaBank Deutsche Girozentrale's holdings in Taiwan Semiconductor Manufacturing were worth $214,442,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Valeo Financial Advisors LLC lifted its stake in shares of Taiwan Semiconductor Manufacturing by 2.1% in the first quarter. Valeo Financial Advisors LLC now owns 29,144 shares of the semiconductor company's stock worth $4,838,000 after acquiring an additional 604 shares in the last quarter. Robocap Asset Management Ltd increased its holdings in Taiwan Semiconductor Manufacturing by 56.6% in the first quarter. Robocap Asset Management Ltd now owns 30,610 shares of the semiconductor company's stock valued at $5,081,000 after buying an additional 11,061 shares during the last quarter. CapWealth Advisors LLC increased its holdings in Taiwan Semiconductor Manufacturing by 1.4% in the first quarter. CapWealth Advisors LLC now owns 112,343 shares of the semiconductor company's stock valued at $18,649,000 after buying an additional 1,560 shares during the last quarter. M&T Bank Corp increased its holdings in Taiwan Semiconductor Manufacturing by 3.1% in the first quarter. M&T Bank Corp now owns 253,257 shares of the semiconductor company's stock valued at $42,040,000 after buying an additional 7,558 shares during the last quarter. Finally, Stratos Wealth Advisors LLC increased its holdings in Taiwan Semiconductor Manufacturing by 4.3% in the first quarter. Stratos Wealth Advisors LLC now owns 7,446 shares of the semiconductor company's stock valued at $1,236,000 after buying an additional 308 shares during the last quarter. Institutional investors and hedge funds own 16.51% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have recently commented on TSM. Susquehanna upped their target price on Taiwan Semiconductor Manufacturing from $250.00 to $255.00 and gave the company a "positive" rating in a report on Tuesday, June 17th. Barclays restated an "overweight" rating and issued a $240.00 target price (up from $215.00) on shares of Taiwan Semiconductor Manufacturing in a research report on Tuesday, June 3rd. Citigroup restated a "buy" rating on shares of Taiwan Semiconductor Manufacturing in a research report on Thursday, May 22nd. Finally, Needham & Company LLC raised their target price on Taiwan Semiconductor Manufacturing from $225.00 to $270.00 and gave the company a "buy" rating in a research report on Tuesday, July 1st. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, Taiwan Semiconductor Manufacturing has an average rating of "Moderate Buy" and an average price target of $233.75.

Taiwan Semiconductor Manufacturing Price Performance

NYSE TSM traded down $0.78 on Tuesday, reaching $228.39. 1,555,394 shares of the stock traded hands, compared to its average volume of 15,834,531. The firm's fifty day simple moving average is $201.71 and its 200 day simple moving average is $191.64. The company has a market cap of $1.18 trillion, a price-to-earnings ratio of 29.36, a P/E/G ratio of 1.22 and a beta of 1.29. The company has a quick ratio of 2.18, a current ratio of 2.39 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 $237.58.

Taiwan Semiconductor Manufacturing (NYSE:TSM - Get Free Report) last announced its 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. 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 during the quarter, compared to the consensus estimate of $834.10 billion. As a group, research analysts predict that Taiwan Semiconductor Manufacturing Company Ltd. will post 9.2 EPS 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. Investors of record on Tuesday, September 16th will be paid a $0.6499 dividend. This represents a $2.60 annualized dividend and a yield of 1.14%. The ex-dividend date of this dividend is Tuesday, September 16th. Taiwan Semiconductor Manufacturing's dividend payout ratio is currently 30.59%.

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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