University of Illinois Foundation Makes New $7.61 Million Investment in Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM)

Key Points

• The University of Illinois Foundation invested approximately $7.61 million in Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM), acquiring 45,870 shares which now comprise about 2.4% of its portfolio.
• Taiwan Semiconductor Manufacturing reported an earnings per share (EPS) of $2.47 for the latest quarter, exceeding analyst expectations, with revenues of $30.07 billion, up 44.4% year-over-year.
• Analysts have set a consensus price target of $258.33 for Taiwan Semiconductor Manufacturing, with several brokerages maintaining "buy" ratings based on strong performance and growth potential.

University of Illinois Foundation bought a new stake in shares of Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 45,870 shares of the semiconductor company's stock, valued at approximately $7,614,000. Taiwan Semiconductor Manufacturing comprises about 2.4% of University of Illinois Foundation's holdings, making the stock its 4th largest position.

Several other institutional investors 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 worth $2,159,000 after purchasing an additional 1,892 shares in the last quarter. Waterloo Capital L.P. purchased a new position in shares of Taiwan Semiconductor Manufacturing in the 4th quarter worth approximately $203,000. Shelton Capital Management boosted its stake in shares of Taiwan Semiconductor Manufacturing by 1.8% in the 4th quarter. Shelton Capital Management now owns 13,177 shares of the semiconductor company's stock worth $2,602,000 after buying an additional 236 shares during the last quarter. CenterBook Partners LP grew its holdings in shares of Taiwan Semiconductor Manufacturing by 16.0% in the fourth quarter. CenterBook Partners LP now owns 121,824 shares of the semiconductor company's stock valued at $24,059,000 after acquiring an additional 16,792 shares in the last quarter. Finally, Bessemer Group Inc. increased its position in shares of Taiwan Semiconductor Manufacturing by 568.1% during the fourth quarter. Bessemer Group Inc. now owns 430,936 shares of the semiconductor company's stock valued at $85,105,000 after acquiring an additional 366,437 shares during the last quarter. Institutional investors own 16.51% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts recently commented on TSM shares. Citigroup reiterated a "buy" rating on shares of Taiwan Semiconductor Manufacturing in a report on Thursday, May 22nd. Needham & Company LLC reiterated a "buy" rating and set a $270.00 target price on shares of Taiwan Semiconductor Manufacturing in a research note on Thursday, July 17th. Barclays restated an "overweight" rating and set a $240.00 price target (up previously from $215.00) on shares of Taiwan Semiconductor Manufacturing in a research report on Tuesday, June 3rd. Finally, 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 research 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 company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $258.33.

Taiwan Semiconductor Manufacturing Stock Performance

NYSE:TSM traded up $10.90 during trading hours on Thursday, reaching $242.27. The stock had a trading volume of 17,663,962 shares, compared to its average volume of 12,151,170. The stock has a market cap of $1.26 trillion, a P/E ratio of 27.63, a price-to-earnings-growth ratio of 1.12 and a beta of 1.19. The stock has a 50 day simple moving average of $225.43 and a 200 day simple moving average of $196.75. 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 Company Ltd. has a 12-month low of $134.25 and a 12-month high of $248.28.

Taiwan Semiconductor Manufacturing (NYSE:TSM - Get Free Report) last posted its quarterly earnings results on Thursday, July 17th. The semiconductor company reported $2.47 earnings per share for the quarter, topping the consensus estimate of $2.13 by $0.34. Taiwan Semiconductor Manufacturing had a return on equity of 32.87% and a net margin of 42.91%. The company had revenue of $30.07 billion during the quarter, compared to the consensus estimate of $28.50 billion. During the same quarter in the prior year, the company earned $1.48 EPS. The firm's quarterly revenue was up 44.4% compared to the same quarter last year. On average, 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 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 $0.6499 dividend. The ex-dividend date of this dividend is Tuesday, September 16th. This represents a $2.60 annualized dividend and a dividend yield of 1.1%. Taiwan Semiconductor Manufacturing's payout ratio is 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.