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

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

Other institutional investors and hedge funds have also recently modified their holdings of the company. DekaBank Deutsche Girozentrale boosted its position in Taiwan Semiconductor Manufacturing by 0.9% during the 1st quarter. DekaBank Deutsche Girozentrale now owns 1,339,479 shares of the semiconductor company’s stock valued at $214,442,000 after acquiring an additional 11,693 shares in the last quarter. Pinnacle Investment Management Ltd bought a new position in shares of Taiwan Semiconductor Manufacturing in the 4th quarter worth $26,661,000. Sentry LLC purchased a new stake in shares of Taiwan Semiconductor Manufacturing during the 1st quarter worth $222,000. Compound Global Advisors LLC lifted its stake in shares of Taiwan Semiconductor Manufacturing by 31.2% during the 1st quarter. Compound Global Advisors LLC now owns 4,796 shares of the semiconductor company’s stock worth $747,000 after purchasing an additional 1,141 shares during the last quarter. Finally, Alpha Cubed Investments LLC boosted its position in Taiwan Semiconductor Manufacturing by 283.7% during the first quarter. Alpha Cubed Investments LLC now owns 194,028 shares of the semiconductor company’s stock valued at $32,209,000 after purchasing an additional 143,457 shares in the last quarter. Institutional investors own 16.51% of the company’s stock.

Taiwan Semiconductor Manufacturing Trading Down 0.5%

Taiwan Semiconductor Manufacturing stock opened at $231.26 on Thursday. The company has a debt-to-equity ratio of 0.18, a quick ratio of 2.15 and a current ratio of 2.37. The stock has a market cap of $1.20 trillion, a PE ratio of 26.37, a price-to-earnings-growth ratio of 1.12 and a beta of 1.19. The stock has a 50-day moving average of $224.53 and a two-hundred day moving average of $196.54. Taiwan Semiconductor Manufacturing Company Ltd. has a one year low of $134.25 and a one year high of $248.28.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last posted its quarterly earnings data on Thursday, July 17th. The semiconductor company reported $2.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.13 by $0.34. The firm had revenue of $30.07 billion for the quarter, compared to the consensus estimate of $28.50 billion. Taiwan Semiconductor Manufacturing had a net margin of 42.91% and a return on equity of 32.87%. The company’s revenue for the quarter was up 44.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.48 earnings per share. On average, research 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 declared 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 dividend on an annualized basis and a dividend yield of 1.1%. Taiwan Semiconductor Manufacturing’s dividend payout ratio (DPR) is currently 29.65%.

Analysts Set New Price Targets

A number of brokerages have commented on TSM. Needham & Company LLC reiterated a “buy” rating and issued a $270.00 target price on shares of Taiwan Semiconductor Manufacturing in a report on Thursday, July 17th. Barclays reiterated an “overweight” rating and set a $240.00 price objective (up previously from $215.00) on shares of Taiwan Semiconductor Manufacturing in a research note on Tuesday, June 3rd. Susquehanna increased their target price on shares of Taiwan Semiconductor Manufacturing from $255.00 to $265.00 and gave the company a “positive” rating in a research report on Monday, July 14th. Finally, Citigroup reaffirmed a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a report on Thursday, May 22nd. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, Taiwan Semiconductor Manufacturing currently has a consensus rating of “Moderate Buy” and a consensus price target of $258.33.

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.