Ramirez Asset Management Inc. Increases Position in Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM)

Ramirez Asset Management Inc. grew its stake in shares of Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM) by 1.5% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 171,712 shares of the semiconductor company’s stock after buying an additional 2,561 shares during the quarter. Taiwan Semiconductor Manufacturing accounts for approximately 5.9% of Ramirez Asset Management Inc.’s portfolio, making the stock its largest holding. Ramirez Asset Management Inc.’s holdings in Taiwan Semiconductor Manufacturing were worth $28,504,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Brighton Jones LLC boosted its holdings in shares of Taiwan Semiconductor Manufacturing by 20.9% during the fourth 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 during the period. KLP Kapitalforvaltning AS purchased a new stake in shares of Taiwan Semiconductor Manufacturing during the fourth quarter worth about $1,029,000. Brandywine Global Investment Management LLC boosted its holdings in shares of Taiwan Semiconductor Manufacturing by 11.7% during the fourth quarter. Brandywine Global Investment Management LLC now owns 71,912 shares of the semiconductor company’s stock worth $14,202,000 after purchasing an additional 7,520 shares during the period. Hazlett Burt & Watson Inc. boosted its holdings in shares of Taiwan Semiconductor Manufacturing by 25.2% during the fourth quarter. Hazlett Burt & Watson Inc. now owns 373 shares of the semiconductor company’s stock worth $73,000 after purchasing an additional 75 shares during the period. Finally, FSB Premier Wealth Management Inc. boosted its holdings in shares of Taiwan Semiconductor Manufacturing by 7.3% during the fourth quarter. FSB Premier Wealth Management Inc. now owns 5,069 shares of the semiconductor company’s stock worth $1,001,000 after purchasing an additional 347 shares during the period. 16.51% of the stock is owned by institutional investors.

Taiwan Semiconductor Manufacturing Stock Performance

Shares of TSM opened at $242.71 on Tuesday. The company has a debt-to-equity ratio of 0.22, a current ratio of 2.39 and a quick ratio of 2.18. 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 50-day simple moving average of $218.46 and a two-hundred day simple moving average of $194.90. The firm has a market capitalization of $1.26 trillion, a PE ratio of 27.68, a price-to-earnings-growth ratio of 1.18 and a beta of 1.29.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last issued its quarterly earnings data on Thursday, July 17th. The semiconductor company reported $2.47 EPS for the quarter, topping the consensus estimate of $2.13 by $0.34. Taiwan Semiconductor Manufacturing had a net margin of 42.91% and a return on equity of 34.53%. The business had revenue of $30.07 billion during the quarter, compared to analyst estimates of $28.50 billion. During the same period last year, the business posted $1.48 earnings per share. Taiwan Semiconductor Manufacturing’s quarterly revenue was up 44.4% compared to the same quarter last year. On average, analysts anticipate that Taiwan Semiconductor Manufacturing Company Ltd. will post 9.2 EPS for the current fiscal year.

Taiwan Semiconductor Manufacturing Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 9th. Shareholders 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 yield of 1.07%. Taiwan Semiconductor Manufacturing’s dividend payout ratio (DPR) is presently 28.16%.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on TSM. Needham & Company LLC reiterated a “buy” rating and set a $270.00 target price on shares of Taiwan Semiconductor Manufacturing in a report on Thursday, July 17th. Citigroup reiterated a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a report on Thursday, May 22nd. Susquehanna increased their target price 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. Finally, Barclays reiterated an “overweight” rating and set a $240.00 target price (up from $215.00) on shares of Taiwan Semiconductor Manufacturing in a report on Tuesday, June 3rd. One research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $258.33.

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.