Teachers Retirement System of The State of Kentucky Raises Position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Teachers Retirement System of The State of Kentucky raised its holdings in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSMGet Rating) by 16.7% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 119,030 shares of the semiconductor company’s stock after purchasing an additional 17,000 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in Taiwan Semiconductor Manufacturing were worth $12,410,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Fiduciary Trust Co. grew its position in Taiwan Semiconductor Manufacturing by 5.1% in the fourth quarter. Fiduciary Trust Co. now owns 2,070 shares of the semiconductor company’s stock valued at $249,000 after acquiring an additional 100 shares in the last quarter. Cerro Pacific Wealth Advisors LLC lifted its stake in Taiwan Semiconductor Manufacturing by 1.4% during the first quarter. Cerro Pacific Wealth Advisors LLC now owns 8,371 shares of the semiconductor company’s stock worth $873,000 after purchasing an additional 114 shares during the last quarter. RDA Financial Network lifted its stake in Taiwan Semiconductor Manufacturing by 3.6% in the first quarter. RDA Financial Network now owns 3,347 shares of the semiconductor company’s stock valued at $349,000 after buying an additional 116 shares during the last quarter. Marks Group Wealth Management Inc lifted its stake in Taiwan Semiconductor Manufacturing by 0.6% in the first quarter. Marks Group Wealth Management Inc now owns 19,067 shares of the semiconductor company’s stock valued at $1,988,000 after buying an additional 117 shares during the last quarter. Finally, Sheets Smith Wealth Management increased its holdings in shares of Taiwan Semiconductor Manufacturing by 6.7% during the first quarter. Sheets Smith Wealth Management now owns 1,924 shares of the semiconductor company’s stock valued at $201,000 after purchasing an additional 120 shares during the period. Institutional investors own 16.86% of the company’s stock.

Analyst Ratings Changes

TSM has been the topic of a number of analyst reports. Cowen set a $100.00 price target on Taiwan Semiconductor Manufacturing in a research note on Tuesday, July 19th. Susquehanna Bancshares reduced their price objective on Taiwan Semiconductor Manufacturing from $90.00 to $88.00 and set a “neutral” rating on the stock in a research note on Thursday, July 14th. Susquehanna dropped their price objective on Taiwan Semiconductor Manufacturing from $90.00 to $88.00 and set a “neutral” rating for the company in a report on Thursday, July 14th. Finally, Loop Capital assumed coverage on Taiwan Semiconductor Manufacturing in a report on Tuesday, June 21st. They issued a “buy” rating for the company. Four equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $120.14.

Taiwan Semiconductor Manufacturing Stock Down 0.1 %

Shares of NYSE:TSM opened at $77.89 on Friday. The company has a current ratio of 2.25, a quick ratio of 2.00 and a debt-to-equity ratio of 0.31. Taiwan Semiconductor Manufacturing Company Limited has a 12-month low of $73.74 and a 12-month high of $145.00. The stock’s 50-day moving average price is $84.89 and its 200-day moving average price is $91.46. The stock has a market capitalization of $403.97 billion, a P/E ratio of 15.04, a price-to-earnings-growth ratio of 0.53 and a beta of 0.99.

Taiwan Semiconductor Manufacturing (NYSE:TSMGet Rating) last announced its earnings results on Thursday, July 14th. The semiconductor company reported $1.55 earnings per share for the quarter, beating analysts’ consensus estimates of $1.50 by $0.05. Taiwan Semiconductor Manufacturing had a net margin of 40.53% and a return on equity of 33.56%. The business had revenue of $18.16 billion during the quarter, compared to the consensus estimate of $18.68 billion. On average, equities analysts anticipate that Taiwan Semiconductor Manufacturing Company Limited will post 6.24 earnings per share for the current year.

Taiwan Semiconductor Manufacturing Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, January 12th. Investors of record on Friday, December 16th will be given a dividend of $0.458 per share. This represents a $1.83 annualized dividend and a dividend yield of 2.35%. The ex-dividend date is Thursday, December 15th. Taiwan Semiconductor Manufacturing’s dividend payout ratio (DPR) is currently 28.19%.

Taiwan Semiconductor Manufacturing Profile

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Taiwan Semiconductor Manufacturing Company Limited 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 complementary metal oxide silicon wafer fabrication processes to manufacture logic, mixed-signal, radio frequency, and embedded memory semiconductors.

Further Reading

Institutional Ownership by Quarter for Taiwan Semiconductor Manufacturing (NYSE:TSM)

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