World Investment Advisors Grows Stock Holdings in Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM)

World Investment Advisors boosted its holdings in shares of Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM - Free Report) by 9.9% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 57,782 shares of the semiconductor company's stock after purchasing an additional 5,218 shares during the period. World Investment Advisors' holdings in Taiwan Semiconductor Manufacturing were worth $9,592,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in TSM. Capital Investment Advisory Services LLC boosted its position in shares of Taiwan Semiconductor Manufacturing by 11.6% during the 1st quarter. Capital Investment Advisory Services LLC now owns 4,226 shares of the semiconductor company's stock worth $701,000 after purchasing an additional 438 shares in the last quarter. Impax Asset Management Group plc lifted its position in shares of Taiwan Semiconductor Manufacturing by 27.2% during the 1st quarter. Impax Asset Management Group plc now owns 30,958 shares of the semiconductor company's stock worth $5,139,000 after buying an additional 6,613 shares in the last quarter. Strategic Blueprint LLC raised its holdings in shares of Taiwan Semiconductor Manufacturing by 38.7% in the 1st quarter. Strategic Blueprint LLC now owns 3,166 shares of the semiconductor company's stock worth $526,000 after purchasing an additional 884 shares during the period. Brookstone Capital Management raised its holdings in shares of Taiwan Semiconductor Manufacturing by 13.4% in the 1st quarter. Brookstone Capital Management now owns 8,437 shares of the semiconductor company's stock worth $1,400,000 after purchasing an additional 995 shares during the period. Finally, Huntleigh Advisors Inc. grew its stake in Taiwan Semiconductor Manufacturing by 5.1% in the 1st quarter. Huntleigh Advisors Inc. now owns 32,055 shares of the semiconductor company's stock valued at $5,321,000 after buying an additional 1,547 shares in the last quarter. 16.51% of the stock is currently owned by institutional investors.

Taiwan Semiconductor Manufacturing Stock Performance

TSM traded up $1.89 during trading on Friday, hitting $235.49. The company's stock had a trading volume of 7,779,584 shares, compared to its average volume of 15,466,264. The company has a quick ratio of 2.18, a current ratio of 2.39 and a debt-to-equity ratio of 0.22. Taiwan Semiconductor Manufacturing Company Ltd. has a one year low of $133.57 and a one year high of $237.58. The firm 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 simple moving average is $200.39 and its 200-day simple moving average is $191.46.

Taiwan Semiconductor Manufacturing (NYSE:TSM - Get Free Report) last announced its quarterly earnings results on Thursday, April 17th. The semiconductor company reported $2.12 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.03 by $0.09. Taiwan Semiconductor Manufacturing had a net margin of 41.67% and a return on equity of 31.43%. The company had revenue of $25.82 billion for the quarter, compared to the consensus estimate of $834.10 billion. As a group, sell-side analysts predict 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 issued 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 1.10%. Taiwan Semiconductor Manufacturing's dividend payout ratio is currently 30.59%.

Analyst Ratings Changes

A number of research analysts have recently commented on TSM shares. Susquehanna boosted their price target on shares of Taiwan Semiconductor Manufacturing from $250.00 to $255.00 and gave the company a "positive" rating in a research report on Tuesday, June 17th. Citigroup reaffirmed a "buy" rating on shares of Taiwan Semiconductor Manufacturing in a research note on Thursday, May 22nd. Needham & Company LLC upped their price objective on shares of Taiwan Semiconductor Manufacturing from $225.00 to $270.00 and gave the company a "buy" rating in a research note on Tuesday. Finally, Barclays reissued an "overweight" rating and issued a $240.00 price target (up from $215.00) on shares of Taiwan Semiconductor Manufacturing in a research note on Tuesday, June 3rd. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target 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.