Trillium Asset Management LLC Has $40.94 Million Stock Position in Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM)

Key Points

• Trillium Asset Management LLC increased its stake in Taiwan Semiconductor Manufacturing Company Ltd. by 15.1%, bringing their total holdings to 246,599 shares valued at approximately $40.9 million.
• Taiwan Semiconductor Manufacturing recently reported earnings of $2.47 per share, exceeding analyst expectations, with revenue rising 44.4% year-over-year to reach $30.07 billion.
• The company declared a quarterly dividend of $0.6499 per share, with a dividend yield of 1.1%, marking a payout ratio of 28.16%.

Trillium Asset Management LLC grew its position in Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM - Free Report) by 15.1% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 246,599 shares of the semiconductor company's stock after acquiring an additional 32,364 shares during the quarter. Taiwan Semiconductor Manufacturing accounts for about 1.2% of Trillium Asset Management LLC's holdings, making the stock its 22nd largest position. Trillium Asset Management LLC's holdings in Taiwan Semiconductor Manufacturing were worth $40,935,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of TSM. City Holding Co. grew its position in Taiwan Semiconductor Manufacturing by 238.0% in the first quarter. City Holding Co. now owns 169 shares of the semiconductor company's stock valued at $28,000 after acquiring an additional 119 shares during the period. Accredited Wealth Management LLC acquired a new stake in Taiwan Semiconductor Manufacturing during the 4th quarter valued at $31,000. Signature Resources Capital Management LLC increased its holdings in Taiwan Semiconductor Manufacturing by 138.8% during the 1st quarter. Signature Resources Capital Management LLC now owns 191 shares of the semiconductor company's stock valued at $32,000 after purchasing an additional 111 shares in the last quarter. Graybill Wealth Management LTD. acquired a new stake in Taiwan Semiconductor Manufacturing during the 1st quarter valued at $33,000. Finally, Vision Financial Markets LLC acquired a new stake in Taiwan Semiconductor Manufacturing during the 1st quarter valued at $33,000. Institutional investors own 16.51% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on TSM shares. Barclays reaffirmed 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. Susquehanna raised their price target on Taiwan Semiconductor Manufacturing from $255.00 to $265.00 and gave the stock a "positive" rating in a research report on Monday, July 14th. Citigroup reiterated a "buy" rating on shares of Taiwan Semiconductor Manufacturing in a report on Thursday, May 22nd. Finally, Needham & Company LLC reiterated a "buy" rating and set a $270.00 target price on shares of Taiwan Semiconductor Manufacturing in a report on Thursday, July 17th. One analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $258.33.

Taiwan Semiconductor Manufacturing Stock Up 0.8%

Shares of Taiwan Semiconductor Manufacturing stock traded up $1.90 during trading on Tuesday, reaching $243.99. The stock had a trading volume of 7,294,659 shares, compared to its average volume of 12,346,192. The company has a market capitalization of $1.27 trillion, a price-to-earnings ratio of 27.82, a P/E/G ratio of 1.17 and a beta of 1.19. The stock has a fifty day moving average price of $228.27 and a two-hundred day moving average price of $197.00. Taiwan Semiconductor Manufacturing Company Ltd. has a 52 week low of $134.25 and a 52 week high of $248.28. The company has a current ratio of 2.37, a quick ratio of 2.15 and a debt-to-equity ratio of 0.18.

Taiwan Semiconductor Manufacturing (NYSE:TSM - Get Free Report) last issued its quarterly earnings results on Thursday, July 17th. The semiconductor company reported $2.47 EPS for the quarter, beating analysts' consensus estimates of $2.13 by $0.34. The company 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 32.87% and a net margin of 42.91%. The company's quarterly revenue was up 44.4% compared to the same quarter last year. During the same period in the previous year, the company posted $1.48 earnings per share. Sell-side analysts predict that Taiwan Semiconductor Manufacturing Company Ltd. will post 9.2 EPS for the current fiscal year.

Taiwan Semiconductor Manufacturing Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 9th. Stockholders of record on Tuesday, September 16th will be issued a $0.6499 dividend. This represents a $2.60 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date is Tuesday, September 16th. 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.