Generali Investments CEE investicni spolecnost a.s. Decreases Stake in Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM)

Generali Investments CEE investicni spolecnost a.s. lessened its holdings in Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM - Free Report) by 9.8% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 34,449 shares of the semiconductor company's stock after selling 3,741 shares during the quarter. Generali Investments CEE investicni spolecnost a.s.'s holdings in Taiwan Semiconductor Manufacturing were worth $5,719,000 at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. Guardian Partners Inc. purchased a new stake in Taiwan Semiconductor Manufacturing during the 4th quarter worth about $9,222,000. Pinnacle Investment Management Ltd acquired a new position in Taiwan Semiconductor Manufacturing in the fourth quarter valued at $26,661,000. Sentry LLC acquired a new stake in Taiwan Semiconductor Manufacturing during the first quarter worth about $222,000. Polymer Capital Management HK LTD boosted its position in shares of Taiwan Semiconductor Manufacturing by 47.7% in 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. Finally, Bank of Montreal Can grew its stake in Taiwan Semiconductor Manufacturing by 38.3% during the 4th quarter. Bank of Montreal Can now owns 871,742 shares of the semiconductor company's stock valued at $172,160,000 after purchasing an additional 241,414 shares in the last quarter. 16.51% of the stock is currently owned by hedge funds and other institutional investors.

Taiwan Semiconductor Manufacturing Stock Up 0.8%

Shares of NYSE:TSM traded up $1.89 during midday trading on Friday, reaching $235.49. The company had a trading volume of 7,779,584 shares, compared to its average volume of 15,466,264. Taiwan Semiconductor Manufacturing Company Ltd. has a 1-year low of $133.57 and a 1-year high of $237.58. 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 stock has a market cap of $1.22 trillion, a PE ratio of 30.27, a P/E/G ratio of 1.22 and a beta of 1.29. The business's 50 day moving average price is $200.39 and its 200 day moving average price is $191.44.

Taiwan Semiconductor Manufacturing (NYSE:TSM - Get Free Report) last issued its quarterly earnings data on Thursday, April 17th. The semiconductor company reported $2.12 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 company had revenue of $25.82 billion during the quarter, compared to analysts' expectations of $834.10 billion. Research analysts forecast that Taiwan Semiconductor Manufacturing Company Ltd. will post 9.2 EPS for the current fiscal year.

Taiwan Semiconductor Manufacturing Cuts Dividend

The business 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 dividend of $0.6499 per share. The ex-dividend date is Tuesday, September 16th. This represents a $2.60 annualized dividend and a dividend yield of 1.10%. Taiwan Semiconductor Manufacturing's dividend payout ratio (DPR) is presently 33.42%.

Wall Street Analyst Weigh In

TSM has been the topic of a number of analyst reports. Susquehanna increased their price objective on shares of 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 lifted their target price on Taiwan Semiconductor Manufacturing from $225.00 to $270.00 and gave the stock a "buy" rating in a report on Tuesday, July 1st. 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 research report on Tuesday, June 3rd. Finally, Citigroup reaffirmed a "buy" rating on shares of Taiwan Semiconductor Manufacturing in a research report on Thursday, May 22nd. Two research analysts have rated the stock with a hold rating and four have assigned 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 $233.75.

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.