Compass Capital Corp MA ADV Increases Position in Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM)

Compass Capital Corp MA ADV lifted its position in shares of Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM) by 44.7% during the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 2,462 shares of the semiconductor company’s stock after buying an additional 760 shares during the quarter. Compass Capital Corp MA ADV’s holdings in Taiwan Semiconductor Manufacturing were worth $404,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Price T Rowe Associates Inc. MD raised its holdings in Taiwan Semiconductor Manufacturing by 67.0% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 10,365,404 shares of the semiconductor company’s stock valued at $2,047,065,000 after acquiring an additional 4,158,772 shares during the period. FMR LLC grew its position in shares of Taiwan Semiconductor Manufacturing by 4.6% during the fourth quarter. FMR LLC now owns 58,547,257 shares of the semiconductor company’s stock worth $11,562,498,000 after purchasing an additional 2,572,488 shares in the last quarter. Sarasin & Partners LLP bought a new stake in Taiwan Semiconductor Manufacturing during the 1st quarter valued at approximately $362,773,000. Franklin Resources Inc. raised its stake in Taiwan Semiconductor Manufacturing by 32.3% during the 4th quarter. Franklin Resources Inc. now owns 8,498,063 shares of the semiconductor company’s stock valued at $1,678,283,000 after purchasing an additional 2,074,329 shares during the period. Finally, Northern Trust Corp lifted its holdings in Taiwan Semiconductor Manufacturing by 45.2% in the 4th quarter. Northern Trust Corp now owns 6,244,965 shares of the semiconductor company’s stock worth $1,233,318,000 after purchasing an additional 1,944,328 shares in the last quarter. Hedge funds and other institutional investors own 16.51% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. Needham & Company LLC reaffirmed a “buy” rating and set a $225.00 price objective on shares of Taiwan Semiconductor Manufacturing in a report on Thursday, April 17th. Barclays reissued an “overweight” rating and issued a $240.00 target price (up previously from $215.00) on shares of Taiwan Semiconductor Manufacturing in a report on Tuesday, June 3rd. Citigroup reaffirmed a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a research note on Thursday, May 22nd. Finally, Susquehanna lifted their price target on shares of Taiwan Semiconductor Manufacturing from $250.00 to $255.00 and gave the company a “positive” rating in a report on Tuesday. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $218.00.

Taiwan Semiconductor Manufacturing Stock Performance

Shares of NYSE:TSM opened at $213.49 on Thursday. The firm has a fifty day simple moving average of $183.95 and a two-hundred day simple moving average of $189.38. Taiwan Semiconductor Manufacturing Company Ltd. has a 52 week low of $133.57 and a 52 week high of $226.40. The company has a quick ratio of 2.18, a current ratio of 2.39 and a debt-to-equity ratio of 0.22. The stock has a market capitalization of $1.11 trillion, a P/E ratio of 27.44, a PEG ratio of 1.11 and a beta of 1.27.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last announced its quarterly earnings results on Thursday, April 17th. The semiconductor company reported $2.12 EPS for the quarter, beating analysts’ consensus estimates of $2.03 by $0.09. Taiwan Semiconductor Manufacturing had a net margin of 41.67% and a return on equity of 31.43%. The firm had revenue of $25.82 billion during the quarter, compared to the consensus estimate of $834.10 billion. On average, analysts expect that Taiwan Semiconductor Manufacturing Company Ltd. will post 9.2 earnings per share for the current fiscal year.

Taiwan Semiconductor Manufacturing Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 9th. Stockholders of record on Tuesday, September 16th will be issued a $0.6499 dividend. This represents a $2.60 dividend on an annualized basis and a dividend yield of 1.22%. The ex-dividend date of this dividend is Tuesday, September 16th. Taiwan Semiconductor Manufacturing’s dividend payout ratio (DPR) is 30.59%.

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.