First Eagle Investment Management LLC Has $1.09 Billion Stock Holdings in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

First Eagle Investment Management LLC lowered its holdings in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 30.7% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 6,278,852 shares of the semiconductor company’s stock after selling 2,780,260 shares during the quarter. Taiwan Semiconductor Manufacturing accounts for about 2.4% of First Eagle Investment Management LLC’s investment portfolio, making the stock its 12th largest position. First Eagle Investment Management LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $1,091,327,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Sanders Capital LLC increased its position in Taiwan Semiconductor Manufacturing by 3.5% during the fourth quarter. Sanders Capital LLC now owns 44,527,327 shares of the semiconductor company’s stock worth $4,630,842,000 after acquiring an additional 1,501,548 shares during the period. Capital World Investors raised its position in shares of Taiwan Semiconductor Manufacturing by 1.7% during the first quarter. Capital World Investors now owns 42,061,083 shares of the semiconductor company’s stock valued at $5,722,410,000 after buying an additional 704,804 shares during the last quarter. Fisher Asset Management LLC lifted its stake in shares of Taiwan Semiconductor Manufacturing by 1.4% in the fourth quarter. Fisher Asset Management LLC now owns 31,060,369 shares of the semiconductor company’s stock valued at $3,230,279,000 after buying an additional 422,976 shares during the period. Capital International Investors grew its position in Taiwan Semiconductor Manufacturing by 40.2% during the first quarter. Capital International Investors now owns 19,695,714 shares of the semiconductor company’s stock worth $2,679,602,000 after buying an additional 5,643,949 shares in the last quarter. Finally, Van ECK Associates Corp increased its stake in Taiwan Semiconductor Manufacturing by 4.3% during the second quarter. Van ECK Associates Corp now owns 18,167,165 shares of the semiconductor company’s stock valued at $3,157,635,000 after acquiring an additional 750,971 shares during the period. 16.51% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on TSM shares. Needham & Company LLC lifted their price target on shares of Taiwan Semiconductor Manufacturing from $168.00 to $210.00 and gave the stock a “buy” rating in a research note on Monday, July 15th. Sanford C. Bernstein increased their price target on shares of Taiwan Semiconductor Manufacturing from $150.00 to $200.00 and gave the stock an “outperform” rating in a research report on Thursday, June 20th. Barclays lifted their price objective on Taiwan Semiconductor Manufacturing from $150.00 to $170.00 and gave the company an “overweight” rating in a report on Wednesday, June 5th. Susquehanna reissued a “positive” rating and issued a $250.00 target price on shares of Taiwan Semiconductor Manufacturing in a report on Wednesday, August 14th. Finally, TD Cowen boosted their price target on Taiwan Semiconductor Manufacturing from $130.00 to $170.00 and gave the company a “hold” rating in a research note on Thursday, July 18th. One analyst has rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, Taiwan Semiconductor Manufacturing has a consensus rating of “Moderate Buy” and a consensus price target of $200.00.

Taiwan Semiconductor Manufacturing Stock Performance

NYSE TSM opened at $167.29 on Thursday. Taiwan Semiconductor Manufacturing Company Limited has a 1-year low of $84.01 and a 1-year high of $193.47. The company has a 50 day moving average of $167.47 and a 200-day moving average of $157.46. The company has a current ratio of 2.47, a quick ratio of 2.21 and a debt-to-equity ratio of 0.26. The firm has a market cap of $867.63 billion, a price-to-earnings ratio of 31.86, a PEG ratio of 0.99 and a beta of 1.14.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last released its quarterly earnings results on Thursday, July 18th. The semiconductor company reported $1.48 earnings per share for the quarter, beating analysts’ consensus estimates of $1.37 by $0.11. The firm had revenue of $20.82 billion during the quarter, compared to analysts’ expectations of $20.33 billion. Taiwan Semiconductor Manufacturing had a return on equity of 25.54% and a net margin of 37.85%. The business’s revenue was up 34.6% on a year-over-year basis. During the same period last year, the firm posted $1.14 EPS. On average, equities analysts forecast that Taiwan Semiconductor Manufacturing Company Limited will post 6.45 earnings per share for the current fiscal year.

Taiwan Semiconductor Manufacturing Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 9th. Investors of record on Thursday, December 12th will be given a dividend of $0.4871 per share. This is an increase from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. The ex-dividend date of this dividend is Thursday, December 12th. This represents a $1.95 annualized dividend and a yield of 1.16%. Taiwan Semiconductor Manufacturing’s dividend payout ratio is 37.71%.

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.