Sumitomo Mitsui Trust Holdings Inc. Has $85.51 Million Stock Position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Sumitomo Mitsui Trust Holdings Inc. cut its holdings in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 2.4% during the 1st quarter, Holdings Channel.com reports. The institutional investor owned 628,488 shares of the semiconductor company’s stock after selling 15,549 shares during the quarter. Sumitomo Mitsui Trust Holdings Inc.’s holdings in Taiwan Semiconductor Manufacturing were worth $85,506,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Toth Financial Advisory Corp lifted its position in shares of Taiwan Semiconductor Manufacturing by 3.3% during the 1st quarter. Toth Financial Advisory Corp now owns 2,288 shares of the semiconductor company’s stock valued at $311,000 after acquiring an additional 74 shares during the period. Physician Wealth Advisors Inc. increased its stake in Taiwan Semiconductor Manufacturing by 3.0% in the first quarter. Physician Wealth Advisors Inc. now owns 3,081 shares of the semiconductor company’s stock valued at $431,000 after purchasing an additional 90 shares in the last quarter. Avestar Capital LLC raised its holdings in shares of Taiwan Semiconductor Manufacturing by 1.8% during the fourth quarter. Avestar Capital LLC now owns 5,427 shares of the semiconductor company’s stock valued at $567,000 after purchasing an additional 95 shares during the period. Mather Group LLC. boosted its position in shares of Taiwan Semiconductor Manufacturing by 2.0% during the 4th quarter. Mather Group LLC. now owns 4,819 shares of the semiconductor company’s stock worth $501,000 after purchasing an additional 96 shares in the last quarter. Finally, Benjamin Edwards Inc. grew its stake in shares of Taiwan Semiconductor Manufacturing by 2.3% in the 4th quarter. Benjamin Edwards Inc. now owns 4,239 shares of the semiconductor company’s stock valued at $441,000 after buying an additional 96 shares during the period. 16.51% of the stock is currently owned by institutional investors.

Taiwan Semiconductor Manufacturing Price Performance

Shares of NYSE:TSM opened at $182.49 on Friday. 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 stock has a market cap of $946.47 billion, a PE ratio of 34.76, a price-to-earnings-growth ratio of 1.25 and a beta of 1.14. The stock’s fifty day simple moving average is $158.44 and its two-hundred day simple moving average is $136.39. Taiwan Semiconductor Manufacturing Company Limited has a 1-year low of $84.01 and a 1-year high of $184.86.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last released its quarterly earnings results 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 for the quarter, compared to analyst estimates of $18.38 billion. As a group, analysts forecast that Taiwan Semiconductor Manufacturing Company Limited will post 6.13 EPS for the current fiscal 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 given a $0.4865 dividend. This represents a $1.95 dividend on an annualized basis and a yield of 1.07%. This is an increase from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.44. The ex-dividend date of this dividend is Thursday, September 12th. Taiwan Semiconductor Manufacturing’s dividend payout ratio is presently 32.76%.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the company. TD Cowen increased their price target on Taiwan Semiconductor Manufacturing from $100.00 to $130.00 and gave the stock a “hold” rating in a report on Thursday, April 18th. Needham & Company LLC reissued a “buy” rating and issued a $168.00 price target on shares of Taiwan Semiconductor Manufacturing in a research report on Wednesday, May 22nd. Sanford C. Bernstein upped their price objective on shares of Taiwan Semiconductor Manufacturing from $150.00 to $200.00 and gave the stock an “outperform” rating in a report on Thursday, June 20th. Barclays lifted their price objective on shares of Taiwan Semiconductor Manufacturing from $150.00 to $170.00 and gave the company an “overweight” rating in a report on Wednesday, June 5th. Finally, Susquehanna boosted their target price on shares of Taiwan Semiconductor Manufacturing from $180.00 to $200.00 and gave the stock a “positive” rating in a research report on Monday, June 17th. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, Taiwan Semiconductor Manufacturing has a consensus rating of “Moderate Buy” and an average target price of $173.60.

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.