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

Teachers Retirement System of The State of Kentucky boosted its position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 66.0% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 137,790 shares of the semiconductor company’s stock after purchasing an additional 54,800 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in Taiwan Semiconductor Manufacturing were worth $18,746,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Johnson Financial Group Inc. purchased a new stake in Taiwan Semiconductor Manufacturing during the fourth quarter worth $25,000. LifeSteps Financial Inc. acquired a new stake in Taiwan Semiconductor Manufacturing during the 1st quarter valued at $27,000. North Star Investment Management Corp. raised its holdings in shares of Taiwan Semiconductor Manufacturing by 670.4% in the first quarter. North Star Investment Management Corp. now owns 208 shares of the semiconductor company’s stock worth $28,000 after acquiring an additional 181 shares during the last quarter. Sachetta LLC acquired a new stake in shares of Taiwan Semiconductor Manufacturing during the fourth quarter valued at $29,000. Finally, Farmers & Merchants Investments Inc. acquired a new position in Taiwan Semiconductor Manufacturing in the 4th quarter valued at about $31,000. Institutional investors and hedge funds own 16.51% of the company’s stock.

Wall Street Analyst Weigh In

TSM has been the subject of several recent analyst reports. Sanford C. Bernstein lifted their target price 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. StockNews.com raised shares of Taiwan Semiconductor Manufacturing from a “hold” rating to a “buy” rating in a research note on Thursday, April 11th. Susquehanna lifted their price target on shares of Taiwan Semiconductor Manufacturing from $200.00 to $250.00 and gave the company a “positive” rating in a report on Thursday, July 11th. Barclays boosted their price target on Taiwan Semiconductor Manufacturing from $150.00 to $170.00 and gave the company an “overweight” rating in a research report on Wednesday, June 5th. Finally, Needham & Company LLC lifted their price target on shares of Taiwan Semiconductor Manufacturing from $168.00 to $210.00 and gave the company a “buy” rating in a research report on Monday, July 15th. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $200.00.

Taiwan Semiconductor Manufacturing Stock Down 5.3 %

Shares of NYSE:TSM traded down $8.32 during mid-day trading on Friday, hitting $149.86. 31,095,265 shares of the company traded hands, compared to its average volume of 21,681,786. The firm’s 50 day simple moving average is $169.82 and its 200 day simple moving average is $146.86. The firm has a market cap of $777.24 billion, a P/E ratio of 28.55, a PEG ratio of 0.94 and a beta of 1.14. The company has a debt-to-equity ratio of 0.27, a quick ratio of 2.13 and a current ratio of 2.39. Taiwan Semiconductor Manufacturing Company Limited has a 52-week low of $84.01 and a 52-week high of $193.47.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last posted its quarterly earnings data on Thursday, July 18th. The semiconductor company reported $1.48 earnings per share (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 net margin of 37.85% and a return on equity of 25.89%. The business’s quarterly revenue was up 34.6% on a year-over-year basis. During the same quarter last year, the firm posted $1.14 earnings per share. On average, equities analysts anticipate that Taiwan Semiconductor Manufacturing Company Limited will post 6.37 EPS for the current year.

Taiwan Semiconductor Manufacturing Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 9th. Investors of record on Thursday, September 12th will be paid 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 annualized dividend and a dividend yield of 1.30%. Taiwan Semiconductor Manufacturing’s payout ratio is 32.57%.

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.