TIAA Trust National Association Has $2.29 Million Position in Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM)

TIAA Trust National Association lowered its holdings in Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM - Free Report) by 30.1% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 13,791 shares of the semiconductor company's stock after selling 5,946 shares during the quarter. TIAA Trust National Association's holdings in Taiwan Semiconductor Manufacturing were worth $2,289,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of TSM. Brighton Jones LLC grew its position in Taiwan Semiconductor Manufacturing by 20.9% in the 4th quarter. Brighton Jones LLC now owns 10,930 shares of the semiconductor company's stock valued at $2,159,000 after purchasing an additional 1,892 shares during the period. KCM Investment Advisors LLC grew its position in Taiwan Semiconductor Manufacturing by 2.6% in the 4th quarter. KCM Investment Advisors LLC now owns 8,628 shares of the semiconductor company's stock valued at $1,704,000 after purchasing an additional 222 shares during the period. Sit Investment Associates Inc. boosted its holdings in Taiwan Semiconductor Manufacturing by 3.3% during the 4th quarter. Sit Investment Associates Inc. now owns 20,214 shares of the semiconductor company's stock worth $3,992,000 after acquiring an additional 639 shares during the last quarter. Quadrant Capital Group LLC boosted its holdings in Taiwan Semiconductor Manufacturing by 2.6% during the 4th quarter. Quadrant Capital Group LLC now owns 55,720 shares of the semiconductor company's stock worth $11,005,000 after acquiring an additional 1,400 shares during the last quarter. Finally, Himension Capital Singapore PTE. LTD. boosted its holdings in Taiwan Semiconductor Manufacturing by 8.3% during the 4th quarter. Himension Capital Singapore PTE. LTD. now owns 1,113,593 shares of the semiconductor company's stock worth $219,923,000 after acquiring an additional 84,889 shares during the last quarter. Institutional investors and hedge funds own 16.51% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the stock. Susquehanna lifted their price objective on shares of Taiwan Semiconductor Manufacturing from $255.00 to $265.00 and gave the stock a "positive" rating in a report on Monday, July 14th. Citigroup reaffirmed a "buy" rating on shares of Taiwan Semiconductor Manufacturing in a report on Thursday, May 22nd. Barclays reaffirmed an "overweight" rating and set a $240.00 price objective (up from $215.00) on shares of Taiwan Semiconductor Manufacturing in a report on Tuesday, June 3rd. Finally, Needham & Company LLC reaffirmed a "buy" rating and set a $270.00 price objective on shares of Taiwan Semiconductor Manufacturing in a report on Thursday, July 17th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $258.33.

Taiwan Semiconductor Manufacturing Trading Down 2.6%

NYSE TSM opened at $235.28 on Monday. The stock has a market capitalization of $1.22 trillion, a price-to-earnings ratio of 26.83, a PEG ratio of 1.13 and a beta of 1.19. Taiwan Semiconductor Manufacturing Company Ltd. has a one year low of $133.57 and a one year high of $248.28. The company has a debt-to-equity ratio of 0.18, a current ratio of 2.37 and a quick ratio of 2.15. The business's fifty day moving average is $222.20 and its 200-day moving average is $195.85.

Taiwan Semiconductor Manufacturing (NYSE:TSM - Get Free Report) last released its earnings results on Thursday, July 17th. The semiconductor company reported $2.47 EPS for the quarter, topping analysts' consensus estimates of $2.13 by $0.34. The company had revenue of $30.07 billion for the quarter, compared to analysts' expectations of $28.50 billion. Taiwan Semiconductor Manufacturing had a return on equity of 32.87% and a net margin of 42.91%. The business's revenue for the quarter was up 44.4% compared to the same quarter last year. During the same period in the previous year, the business posted $1.48 EPS. Equities research analysts predict that Taiwan Semiconductor Manufacturing Company Ltd. will post 9.2 EPS for the current year.

Taiwan Semiconductor Manufacturing Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 9th. Stockholders of record on Tuesday, September 16th will be paid a dividend of $0.6499 per share. 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 presently 28.16%.

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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