Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM) Shares Acquired by Triglav Skladi D.O.O.

Key Points

• Triglav Skladi D.O.O. increased its stake in Taiwan Semiconductor Manufacturing Company Ltd. by 149.1% in the first quarter, now holding 26,730 shares valued at approximately $4.4 million.
• Taiwan Semiconductor Manufacturing reported earnings of $2.47 EPS for the quarter, exceeding the consensus estimate by $0.34, with a revenue of $30.07 billion, representing a 44.4% year-over-year increase.
• The company announced a quarterly dividend of $0.6499 per share, effective October 9th, with a dividend yield of 1.1% and a payout ratio of 29.65%.

Triglav Skladi D.O.O. increased its position in shares of Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM - Free Report) by 149.1% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 26,730 shares of the semiconductor company's stock after buying an additional 16,000 shares during the quarter. Triglav Skladi D.O.O.'s holdings in Taiwan Semiconductor Manufacturing were worth $4,437,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Goldman Sachs Group Inc. grew its stake in shares of 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 valued at $2,872,814,000 after purchasing an additional 6,180,445 shares during the last quarter. Price T Rowe Associates Inc. MD grew its stake in shares of 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 valued at $2,047,065,000 after purchasing an additional 4,158,772 shares during the last quarter. Nuveen LLC purchased a new position in shares of Taiwan Semiconductor Manufacturing in the 1st quarter valued at approximately $482,676,000. Jennison Associates LLC lifted its holdings in shares of Taiwan Semiconductor Manufacturing by 36.8% in the 1st quarter. Jennison Associates LLC now owns 9,509,032 shares of the semiconductor company's stock valued at $1,578,499,000 after buying an additional 2,559,512 shares during the period. Finally, Sarasin & Partners LLP acquired a new stake in shares of Taiwan Semiconductor Manufacturing in the 1st quarter valued at approximately $362,773,000. Hedge funds and other institutional investors own 16.51% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have recently commented on TSM. Susquehanna raised their price target on Taiwan Semiconductor Manufacturing from $255.00 to $265.00 and gave the company a "positive" rating in a report on Monday, July 14th. Barclays reissued an "overweight" rating and issued a $240.00 price target (up from $215.00) on shares of Taiwan Semiconductor Manufacturing in a report on Tuesday, June 3rd. Citigroup reissued a "buy" rating on shares of Taiwan Semiconductor Manufacturing in a report on Thursday, May 22nd. Finally, Needham & Company LLC reissued a "buy" rating and issued a $270.00 price target 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 issued a buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $258.33.

Taiwan Semiconductor Manufacturing Price Performance

TSM stock traded down $2.78 during midday trading on Wednesday, hitting $241.51. 7,961,236 shares of the stock were exchanged, compared to its average volume of 11,997,785. The stock's 50-day moving average price is $229.05 and its 200-day moving average price is $197.31. The stock has a market cap of $1.25 trillion, a price-to-earnings ratio of 27.54, a PEG ratio of 1.18 and a beta of 1.19. Taiwan Semiconductor Manufacturing Company Ltd. has a fifty-two week low of $134.25 and a fifty-two week high of $248.28. The company has a debt-to-equity ratio of 0.18, a quick ratio of 2.15 and a current ratio of 2.37.

Taiwan Semiconductor Manufacturing (NYSE:TSM - Get Free Report) last issued its quarterly earnings data on Thursday, July 17th. The semiconductor company reported $2.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.13 by $0.34. The firm had revenue of $30.07 billion during 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%. Taiwan Semiconductor Manufacturing's revenue was up 44.4% on a year-over-year basis. During the same period in the previous year, the firm posted $1.48 earnings per share. Research analysts predict that Taiwan Semiconductor Manufacturing Company Ltd. will post 9.2 earnings per share for the current year.

Taiwan Semiconductor Manufacturing Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 9th. Investors of record on Tuesday, September 16th will be issued a dividend of $0.6499 per share. The ex-dividend date of this dividend is Tuesday, September 16th. This represents a $2.60 annualized dividend and a yield of 1.1%. Taiwan Semiconductor Manufacturing's payout ratio is currently 28.16%.

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.