Hexavest Inc. Buys 240 Shares of Taiwan Semiconductor Mfg. Co. Ltd. (NYSE:TSM)

Hexavest Inc. increased its stake in shares of Taiwan Semiconductor Mfg. Co. Ltd. (NYSE:TSM) by 3.1% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 7,952 shares of the semiconductor company’s stock after buying an additional 240 shares during the period. Hexavest Inc.’s holdings in Taiwan Semiconductor Mfg. were worth $645,000 as of its most recent filing with the SEC.

Other institutional investors also recently added to or reduced their stakes in the company. Loomis Sayles & Co. L P acquired a new stake in Taiwan Semiconductor Mfg. during the first quarter worth approximately $161,000. HBK Sorce Advisory LLC lifted its position in Taiwan Semiconductor Mfg. by 2.8% during the first quarter. HBK Sorce Advisory LLC now owns 7,870 shares of the semiconductor company’s stock worth $376,000 after acquiring an additional 217 shares during the last quarter. Two Sigma Advisers LP acquired a new stake in Taiwan Semiconductor Mfg. during the first quarter worth approximately $774,000. Enterprise Financial Services Corp lifted its position in Taiwan Semiconductor Mfg. by 9.1% during the first quarter. Enterprise Financial Services Corp now owns 3,346 shares of the semiconductor company’s stock worth $160,000 after acquiring an additional 280 shares during the last quarter. Finally, CWA Asset Management Group LLC lifted its position in Taiwan Semiconductor Mfg. by 17.5% during the first quarter. CWA Asset Management Group LLC now owns 157,474 shares of the semiconductor company’s stock worth $7,526,000 after acquiring an additional 23,467 shares during the last quarter. 18.52% of the stock is currently owned by hedge funds and other institutional investors.

Several brokerages have issued reports on TSM. New Street Research began coverage on shares of Taiwan Semiconductor Mfg. in a research report on Friday, August 28th. They set a “buy” rating for the company. Credit Suisse Group upgraded shares of Taiwan Semiconductor Mfg. from a “neutral” rating to an “outperform” rating in a research report on Monday, July 27th. Zacks Investment Research upgraded shares of Taiwan Semiconductor Mfg. from a “hold” rating to a “buy” rating and set a $97.00 price target for the company in a research report on Friday, October 9th. JPMorgan Chase & Co. reiterated a “buy” rating on shares of Taiwan Semiconductor Mfg. in a research report on Monday, July 27th. Finally, Macquarie upgraded shares of Taiwan Semiconductor Mfg. from a “neutral” rating to an “outperform” rating in a research report on Friday, July 24th. One equities research analyst has rated the stock with a sell rating and seven have assigned a buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $68.50.

NYSE TSM opened at $88.60 on Thursday. The company has a current ratio of 1.40, a quick ratio of 1.26 and a debt-to-equity ratio of 0.06. Taiwan Semiconductor Mfg. Co. Ltd. has a 1-year low of $42.70 and a 1-year high of $91.27. The company has a 50 day moving average of $81.55 and a 200-day moving average of $65.14. The company has a market cap of $459.49 billion, a price-to-earnings ratio of 30.76, a PEG ratio of 1.28 and a beta of 0.94.

Taiwan Semiconductor Mfg. (NYSE:TSM) last announced its quarterly earnings data on Thursday, July 16th. The semiconductor company reported $0.78 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.73 by $0.05. The business had revenue of $310.70 billion for the quarter, compared to analysts’ expectations of $273.44 billion. Taiwan Semiconductor Mfg. had a net margin of 36.96% and a return on equity of 27.42%. The firm’s quarterly revenue was up 28.9% compared to the same quarter last year. During the same period last year, the firm posted $2.57 earnings per share. On average, equities research analysts forecast that Taiwan Semiconductor Mfg. Co. Ltd. will post 3.13 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 14th. Investors of record on Friday, December 18th will be paid a $0.4253 dividend. This represents a $1.70 dividend on an annualized basis and a yield of 1.92%. This is a boost from Taiwan Semiconductor Mfg.’s previous quarterly dividend of $0.33. The ex-dividend date is Thursday, December 17th. Taiwan Semiconductor Mfg.’s dividend payout ratio (DPR) is 62.79%.

Taiwan Semiconductor Mfg. Company Profile

Taiwan Semiconductor Manufacturing Company Limited, together with its subsidiaries, engages in manufacturing, selling, packaging, testing, and computer-aided design of integrated circuits and other semiconductor devices. The company manufactures masks and electronic spare parts; researches, develops, designs, manufactures, sells, packages, and tests color filters; and offers customer and engineering support services.

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Institutional Ownership by Quarter for Taiwan Semiconductor Mfg. (NYSE:TSM)

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