Van Lanschot Kempen Investment Management N.V. Acquires 129,096 Shares of Taiwan Semiconductor Manufacturing Company Ltd. $TSM

Van Lanschot Kempen Investment Management N.V. boosted its stake in shares of Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM) by 11.6% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,242,183 shares of the semiconductor company’s stock after buying an additional 129,096 shares during the period. Taiwan Semiconductor Manufacturing accounts for about 2.2% of Van Lanschot Kempen Investment Management N.V.’s investment portfolio, making the stock its 11th biggest holding. Van Lanschot Kempen Investment Management N.V.’s holdings in Taiwan Semiconductor Manufacturing were worth $206,202,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Brighton Jones LLC lifted its stake in shares of Taiwan Semiconductor Manufacturing by 20.9% during the 4th quarter. Brighton Jones LLC now owns 10,930 shares of the semiconductor company’s stock worth $2,159,000 after purchasing an additional 1,892 shares during the last quarter. Forum Financial Management LP raised its holdings in Taiwan Semiconductor Manufacturing by 10.1% in the fourth quarter. Forum Financial Management LP now owns 1,425 shares of the semiconductor company’s stock worth $281,000 after purchasing an additional 131 shares in the last quarter. Transce3nd LLC purchased a new stake in shares of Taiwan Semiconductor Manufacturing during the fourth quarter valued at about $41,000. Tradition Wealth Management LLC boosted its holdings in shares of Taiwan Semiconductor Manufacturing by 43.5% in the 4th quarter. Tradition Wealth Management LLC now owns 5,099 shares of the semiconductor company’s stock valued at $1,007,000 after buying an additional 1,546 shares in the last quarter. Finally, Teachers Retirement System of The State of Kentucky grew its position in shares of Taiwan Semiconductor Manufacturing by 22.5% in the 4th quarter. Teachers Retirement System of The State of Kentucky now owns 119,780 shares of the semiconductor company’s stock worth $23,655,000 after buying an additional 21,990 shares during the last quarter. Institutional investors own 16.51% of the company’s stock.

Taiwan Semiconductor Manufacturing Stock Performance

Shares of Taiwan Semiconductor Manufacturing stock opened at $241.29 on Tuesday. The company has a 50 day moving average price of $231.17 and a 200 day moving average price of $198.02. The firm has a market capitalization of $1.25 trillion, a P/E ratio of 27.51, a PEG ratio of 1.16 and a beta of 1.19. The company has a quick ratio of 2.15, a current ratio of 2.37 and a debt-to-equity ratio of 0.18. Taiwan Semiconductor Manufacturing Company Ltd. has a 52 week low of $134.25 and a 52 week high of $248.28.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last issued its quarterly earnings results on Thursday, July 17th. The semiconductor company reported $2.47 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.13 by $0.34. The business had revenue of $30.07 billion for the quarter, compared to analyst estimates of $28.50 billion. Taiwan Semiconductor Manufacturing had a net margin of 42.91% and a return on equity of 32.87%. During the same quarter in the prior year, the business posted $1.48 EPS. Taiwan Semiconductor Manufacturing’s revenue for the quarter was up 44.4% compared to the same quarter last year. Sell-side analysts expect that Taiwan Semiconductor Manufacturing Company Ltd. will post 9.2 EPS for the current year.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the stock. Citigroup reiterated a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a research note on Thursday, May 22nd. Barclays reaffirmed an “overweight” rating and issued a $240.00 price target (up from $215.00) on shares of Taiwan Semiconductor Manufacturing in a report on Tuesday, June 3rd. Needham & Company LLC reiterated a “buy” rating and set a $270.00 price objective on shares of Taiwan Semiconductor Manufacturing in a report on Thursday, July 17th. Finally, Susquehanna raised their price objective on Taiwan Semiconductor Manufacturing from $255.00 to $265.00 and gave the stock a “positive” rating in a research report on Monday, July 14th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $258.33.

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.