Teachers Retirement System of The State of Kentucky Purchases 54,800 Shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Teachers Retirement System of The State of Kentucky increased 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 quarter. Teachers Retirement System of The State of Kentucky’s holdings in Taiwan Semiconductor Manufacturing were worth $18,746,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Cadence Bank raised its holdings in Taiwan Semiconductor Manufacturing by 0.5% during the 1st quarter. Cadence Bank now owns 15,004 shares of the semiconductor company’s stock worth $2,041,000 after purchasing an additional 69 shares during the last quarter. Toth Financial Advisory Corp boosted its position in Taiwan Semiconductor Manufacturing by 3.3% during the first quarter. Toth Financial Advisory Corp now owns 2,288 shares of the semiconductor company’s stock valued at $311,000 after acquiring an additional 74 shares during the last quarter. Joel Isaacson & Co. LLC grew its holdings in Taiwan Semiconductor Manufacturing by 2.5% during the 1st quarter. Joel Isaacson & Co. LLC now owns 3,048 shares of the semiconductor company’s stock worth $415,000 after acquiring an additional 74 shares during the period. Principle Wealth Partners LLC boosted its position in shares of Taiwan Semiconductor Manufacturing by 1.3% during the 1st quarter. Principle Wealth Partners LLC now owns 5,940 shares of the semiconductor company’s stock valued at $808,000 after purchasing an additional 77 shares in the last quarter. Finally, BOKF NA grew its stake in Taiwan Semiconductor Manufacturing by 4.8% during the first quarter. BOKF NA now owns 1,762 shares of the semiconductor company’s stock worth $249,000 after purchasing an additional 81 shares during the period. 16.51% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on TSM shares. TD Cowen lifted their price objective on shares of Taiwan Semiconductor Manufacturing from $130.00 to $170.00 and gave the company a “hold” rating in a research note on Thursday, July 18th. Needham & Company LLC upped their price objective on shares of Taiwan Semiconductor Manufacturing from $168.00 to $210.00 and gave the company a “buy” rating in a report on Monday, July 15th. Barclays increased their price objective on shares of Taiwan Semiconductor Manufacturing from $150.00 to $170.00 and gave the stock an “overweight” rating in a research report on Wednesday, June 5th. StockNews.com raised Taiwan Semiconductor Manufacturing from a “hold” rating to a “buy” rating in a research note on Thursday, April 11th. Finally, Susquehanna increased their price target on Taiwan Semiconductor Manufacturing from $200.00 to $250.00 and gave the stock a “positive” rating in a report on Thursday, July 11th. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $200.00.

Taiwan Semiconductor Manufacturing Stock Performance

TSM traded down $8.32 on Friday, hitting $149.86. The company’s stock had a trading volume of 31,095,265 shares, compared to its average volume of 21,681,786. Taiwan Semiconductor Manufacturing Company Limited has a 12 month low of $84.01 and a 12 month high of $193.47. The firm has a market cap of $777.24 billion, a P/E ratio of 28.55, a price-to-earnings-growth ratio of 0.94 and a beta of 1.14. The company has a quick ratio of 2.13, a current ratio of 2.39 and a debt-to-equity ratio of 0.27. The company’s 50 day simple moving average is $169.82 and its 200-day simple moving average is $146.86.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last announced its quarterly earnings results on Thursday, July 18th. The semiconductor company reported $1.48 earnings per share for the quarter, beating the consensus estimate of $1.37 by $0.11. Taiwan Semiconductor Manufacturing had a return on equity of 25.89% and a net margin of 37.85%. The company had revenue of $20.82 billion during the quarter, compared to analysts’ expectations of $20.33 billion. During the same period in the previous year, the business earned $1.14 earnings per share. The firm’s quarterly revenue was up 34.6% compared to the same quarter last year. Analysts forecast that Taiwan Semiconductor Manufacturing Company Limited will post 6.37 EPS for the current year.

Taiwan Semiconductor Manufacturing Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 9th. Shareholders of record on Thursday, September 12th will be paid a $0.4865 dividend. This represents a $1.95 dividend on an annualized basis and a yield of 1.30%. The ex-dividend date is Thursday, September 12th. This is a boost from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.44. Taiwan Semiconductor Manufacturing’s payout ratio is currently 32.57%.

Taiwan Semiconductor Manufacturing Company 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.