Diversified Trust Co Raises Holdings in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Diversified Trust Co boosted its holdings in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 21.4% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 57,012 shares of the semiconductor company’s stock after buying an additional 10,049 shares during the quarter. Diversified Trust Co’s holdings in Taiwan Semiconductor Manufacturing were worth $7,756,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of TSM. Sanders Capital LLC boosted its stake in Taiwan Semiconductor Manufacturing by 3.5% in the fourth quarter. Sanders Capital LLC now owns 44,527,327 shares of the semiconductor company’s stock valued at $4,630,842,000 after acquiring an additional 1,501,548 shares in the last quarter. Capital World Investors boosted its stake in Taiwan Semiconductor Manufacturing by 11.4% in the fourth quarter. Capital World Investors now owns 41,356,279 shares of the semiconductor company’s stock valued at $4,301,178,000 after acquiring an additional 4,240,928 shares in the last quarter. Fisher Asset Management LLC boosted its stake in Taiwan Semiconductor Manufacturing by 1.4% in the fourth quarter. Fisher Asset Management LLC now owns 31,079,682 shares of the semiconductor company’s stock valued at $3,232,287,000 after acquiring an additional 442,289 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its stake in Taiwan Semiconductor Manufacturing by 6.2% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 28,443,595 shares of the semiconductor company’s stock valued at $2,958,134,000 after acquiring an additional 1,649,279 shares in the last quarter. Finally, Morgan Stanley boosted its stake in Taiwan Semiconductor Manufacturing by 11.2% in the third quarter. Morgan Stanley now owns 23,804,180 shares of the semiconductor company’s stock valued at $2,068,583,000 after acquiring an additional 2,400,882 shares in the last quarter. 16.51% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the stock. Needham & Company LLC reiterated a “buy” rating and set a $168.00 price objective on shares of Taiwan Semiconductor Manufacturing in a research note on Wednesday, May 22nd. StockNews.com upgraded shares of Taiwan Semiconductor Manufacturing from a “hold” rating to a “buy” rating in a research note on Thursday, April 11th. TD Cowen lifted their price objective on shares of Taiwan Semiconductor Manufacturing from $100.00 to $130.00 and gave the stock a “hold” rating in a research note on Thursday, April 18th. Sanford C. Bernstein lifted their price objective on shares of Taiwan Semiconductor Manufacturing from $150.00 to $200.00 and gave the stock an “outperform” rating in a research note on Thursday, June 20th. Finally, Susquehanna boosted their target price on shares of Taiwan Semiconductor Manufacturing from $180.00 to $200.00 and gave the company a “positive” rating in a research report on Monday, June 17th. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, Taiwan Semiconductor Manufacturing currently has an average rating of “Moderate Buy” and an average target price of $173.60.

Taiwan Semiconductor Manufacturing Stock Performance

TSM traded down $1.58 on Monday, reaching $172.23. The stock had a trading volume of 5,161,934 shares, compared to its average volume of 15,034,444. Taiwan Semiconductor Manufacturing Company Limited has a 12-month low of $84.01 and a 12-month high of $184.86. The company has a current ratio of 2.39, a quick ratio of 2.13 and a debt-to-equity ratio of 0.27. The business’s 50-day moving average price is $155.76 and its two-hundred day moving average price is $135.07. The company has a market cap of $893.26 billion, a P/E ratio of 32.66, a price-to-earnings-growth ratio of 1.19 and a beta of 1.14.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last released its quarterly earnings data on Thursday, April 18th. The semiconductor company reported $1.38 earnings per share for the quarter, beating analysts’ consensus estimates of $1.29 by $0.09. Taiwan Semiconductor Manufacturing had a net margin of 38.15% and a return on equity of 24.75%. The company had revenue of $18.87 billion during the quarter, compared to analysts’ expectations of $18.38 billion. Sell-side analysts forecast that Taiwan Semiconductor Manufacturing Company Limited will post 6.13 earnings per share for the current year.

Taiwan Semiconductor Manufacturing Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 9th. Shareholders of record on Thursday, September 12th will be issued a $0.4865 dividend. This is a boost from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.44. The ex-dividend date of this dividend is Thursday, September 12th. This represents a $1.95 dividend on an annualized basis and a yield of 1.13%. Taiwan Semiconductor Manufacturing’s payout ratio is presently 32.76%.

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.