Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM) Stock Position Lessened by Lbp Am Sa

LBP AM SA lessened its position in shares of Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM - Free Report) by 23.0% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 519,951 shares of the semiconductor company's stock after selling 155,365 shares during the period. Taiwan Semiconductor Manufacturing accounts for 1.7% of LBP AM SA's holdings, making the stock its 10th biggest holding. LBP AM SA's holdings in Taiwan Semiconductor Manufacturing were worth $117,764,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of TSM. New Vernon Capital Holdings II LLC grew its position in Taiwan Semiconductor Manufacturing by 16,500.0% in the 1st quarter. New Vernon Capital Holdings II LLC now owns 6,707,064 shares of the semiconductor company's stock worth $1,113,373,000 after purchasing an additional 6,666,660 shares in the last quarter. Goldman Sachs Group Inc. lifted its stake in Taiwan Semiconductor Manufacturing by 55.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 17,306,108 shares of the semiconductor company's stock worth $2,872,814,000 after purchasing an additional 6,180,445 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its stake in Taiwan Semiconductor Manufacturing by 67.0% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 10,365,404 shares of the semiconductor company's stock worth $2,047,065,000 after purchasing an additional 4,158,772 shares in the last quarter. Nuveen LLC purchased a new stake in shares of Taiwan Semiconductor Manufacturing during the 1st quarter valued at $482,676,000. Finally, FMR LLC grew its holdings in shares of Taiwan Semiconductor Manufacturing by 4.6% during the 4th quarter. FMR LLC now owns 58,547,257 shares of the semiconductor company's stock valued at $11,562,498,000 after purchasing an additional 2,572,488 shares during the last quarter. Institutional investors own 16.51% of the company's stock.

Taiwan Semiconductor Manufacturing Stock Performance

TSM stock traded up $5.54 during trading on Wednesday, reaching $240.14. The company had a trading volume of 9,843,560 shares, compared to its average volume of 14,938,493. The company has a debt-to-equity ratio of 0.22, a quick ratio of 2.18 and a current ratio of 2.39. Taiwan Semiconductor Manufacturing Company Ltd. has a twelve month low of $133.57 and a twelve month high of $248.28. The firm has a 50-day simple moving average of $215.49 and a 200-day simple moving average of $194.46. The company has a market cap of $1.25 trillion, a price-to-earnings ratio of 27.38, a price-to-earnings-growth ratio of 1.13 and a beta of 1.29.

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, topping the consensus estimate 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 company had revenue of $30.07 billion during the quarter, compared to analyst estimates of $28.50 billion. During the same quarter in the previous year, the firm earned $1.48 EPS. The firm's revenue was up 44.4% compared to the same quarter last year. As a group, sell-side analysts expect 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 declared a quarterly dividend, which will be paid on Thursday, October 9th. Stockholders of record on Tuesday, September 16th will be given 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 1.08%. Taiwan Semiconductor Manufacturing's dividend payout ratio is presently 28.16%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the stock. Barclays reaffirmed an "overweight" rating and set a $240.00 target price (up previously from $215.00) on shares of Taiwan Semiconductor Manufacturing in a research note on Tuesday, June 3rd. Needham & Company LLC restated a "buy" rating and set a $270.00 target price on shares of Taiwan Semiconductor Manufacturing in a research report on Thursday, July 17th. Citigroup reiterated a "buy" rating on shares of Taiwan Semiconductor Manufacturing in a research report on Thursday, May 22nd. Finally, Susquehanna set a $265.00 price target on shares of Taiwan Semiconductor Manufacturing and gave the company a "positive" rating in a report on Monday, July 14th. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $258.33.

Taiwan Semiconductor Manufacturing Company 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.