Teachers Retirement System of The State of Kentucky Trims Position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Teachers Retirement System of The State of Kentucky cut its stake in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 13.8% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 118,790 shares of the semiconductor company’s stock after selling 19,000 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in Taiwan Semiconductor Manufacturing were worth $20,647,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Steward Partners Investment Advisory LLC increased its holdings in shares of Taiwan Semiconductor Manufacturing by 9.2% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 8,848 shares of the semiconductor company’s stock worth $920,000 after buying an additional 743 shares during the last quarter. Jones Financial Companies Lllp increased its stake in Taiwan Semiconductor Manufacturing by 45.2% during the fourth quarter. Jones Financial Companies Lllp now owns 736 shares of the semiconductor company’s stock worth $77,000 after acquiring an additional 229 shares during the last quarter. CIBC Asset Management Inc lifted its stake in shares of Taiwan Semiconductor Manufacturing by 9.5% in the 4th quarter. CIBC Asset Management Inc now owns 60,734 shares of the semiconductor company’s stock valued at $6,316,000 after purchasing an additional 5,293 shares in the last quarter. CIBC Private Wealth Group LLC grew its holdings in shares of Taiwan Semiconductor Manufacturing by 2.9% during the 4th quarter. CIBC Private Wealth Group LLC now owns 398,900 shares of the semiconductor company’s stock worth $41,486,000 after purchasing an additional 11,199 shares during the period. Finally, Capital Research Global Investors increased its position in Taiwan Semiconductor Manufacturing by 1,169.9% during the 4th quarter. Capital Research Global Investors now owns 1,505,740 shares of the semiconductor company’s stock worth $156,629,000 after purchasing an additional 1,387,168 shares in the last quarter. 16.51% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

TSM has been the subject of several research reports. Susquehanna reiterated a “positive” rating and set a $250.00 price objective on shares of Taiwan Semiconductor Manufacturing in a research note on Wednesday, August 14th. Barclays increased their price target on Taiwan Semiconductor Manufacturing from $150.00 to $170.00 and gave the company an “overweight” rating in a report on Wednesday, June 5th. TD Cowen lifted their price objective on Taiwan Semiconductor Manufacturing from $130.00 to $170.00 and gave the stock a “hold” rating in a report on Thursday, July 18th. Sanford C. Bernstein upped their target price on Taiwan Semiconductor Manufacturing from $150.00 to $200.00 and gave the company an “outperform” rating in a research report on Thursday, June 20th. Finally, 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. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $200.00.

Taiwan Semiconductor Manufacturing Stock Down 0.9 %

TSM opened at $172.07 on Wednesday. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.47 and a quick ratio of 2.21. Taiwan Semiconductor Manufacturing Company Limited has a 12 month low of $84.95 and a 12 month high of $193.47. The stock’s 50 day moving average price is $167.63 and its 200 day moving average price is $159.89. The stock has a market cap of $892.43 billion, a P/E ratio of 32.78, a P/E/G ratio of 1.04 and a beta of 1.14.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last issued its quarterly earnings results on Thursday, July 18th. The semiconductor company reported $1.48 EPS for the quarter, beating analysts’ consensus estimates of $1.37 by $0.11. The company had revenue of $20.82 billion for the quarter, compared to analyst estimates of $20.33 billion. Taiwan Semiconductor Manufacturing had a return on equity of 25.54% and a net margin of 37.85%. The company’s quarterly revenue was up 34.6% compared to the same quarter last year. During the same period last year, the company earned $1.14 earnings per share. As a group, research analysts predict that Taiwan Semiconductor Manufacturing Company Limited will post 6.45 earnings per share for the current year.

Taiwan Semiconductor Manufacturing Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 9th. Shareholders of record on Thursday, December 12th will be given a $0.4871 dividend. This represents a $1.95 dividend on an annualized basis and a yield of 1.13%. This is an increase from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. The ex-dividend date is Thursday, December 12th. Taiwan Semiconductor Manufacturing’s dividend payout ratio is 36.95%.

About Taiwan Semiconductor Manufacturing

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.