MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH Acquires 2,661 Shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH grew its holdings in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 8.0% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 35,948 shares of the semiconductor company’s stock after buying an additional 2,661 shares during the period. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH’s holdings in Taiwan Semiconductor Manufacturing were worth $6,243,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. BOKF NA grew its holdings in Taiwan Semiconductor Manufacturing by 4.8% in 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. Cetera Advisors LLC grew its stake in shares of Taiwan Semiconductor Manufacturing by 80.7% in the 1st quarter. Cetera Advisors LLC now owns 79,291 shares of the semiconductor company’s stock valued at $10,787,000 after buying an additional 35,404 shares during the period. ProShare Advisors LLC acquired a new stake in shares of Taiwan Semiconductor Manufacturing in the 1st quarter valued at about $210,000. Empowered Funds LLC increased its position in Taiwan Semiconductor Manufacturing by 53.8% in the 1st quarter. Empowered Funds LLC now owns 20,849 shares of the semiconductor company’s stock valued at $2,837,000 after buying an additional 7,293 shares in the last quarter. Finally, Gamco Investors INC. ET AL bought a new position in Taiwan Semiconductor Manufacturing in the first quarter worth approximately $437,000. Institutional investors and hedge funds own 16.51% of the company’s stock.

Taiwan Semiconductor Manufacturing Price Performance

TSM opened at $190.81 on Monday. The firm’s fifty day moving average price is $171.64 and its two-hundred day moving average price is $162.47. The company has a market capitalization of $989.62 billion, a price-to-earnings ratio of 34.13, a P/E/G ratio of 1.09 and a beta of 1.14. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.47 and a quick ratio of 2.21. Taiwan Semiconductor Manufacturing Company Limited has a 1 year low of $84.95 and a 1 year high of $193.47.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last released its quarterly earnings results on Thursday, July 18th. The semiconductor company reported $1.48 earnings per share for the quarter, topping the consensus estimate of $1.37 by $0.11. The business had revenue of $20.82 billion for the quarter, compared to analysts’ expectations of $20.33 billion. Taiwan Semiconductor Manufacturing had a net margin of 37.85% and a return on equity of 25.54%. The firm’s revenue for the quarter was up 34.6% compared to the same quarter last year. During the same period in the previous year, the company earned $1.14 earnings per share. As a group, analysts anticipate that Taiwan Semiconductor Manufacturing Company Limited will post 6.45 earnings per share for the current fiscal year.

Taiwan Semiconductor Manufacturing Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 9th. Investors of record on Thursday, December 12th will be given a dividend of $0.4871 per share. This represents a $1.95 dividend on an annualized basis and a dividend yield of 1.02%. This is an increase from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. The ex-dividend date of this dividend is Thursday, December 12th. Taiwan Semiconductor Manufacturing’s dividend payout ratio (DPR) is presently 35.24%.

Wall Street Analysts Forecast Growth

TSM has been the subject of several recent research reports. Needham & Company LLC boosted their price objective on Taiwan Semiconductor Manufacturing from $168.00 to $210.00 and gave the company a “buy” rating in a report on Monday, July 15th. Sanford C. Bernstein upped their price objective on shares of Taiwan Semiconductor Manufacturing from $150.00 to $200.00 and gave the stock an “outperform” rating in a report on Thursday, June 20th. 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 report on Thursday, July 18th. Finally, Susquehanna restated a “positive” rating and issued a $250.00 target price on shares of Taiwan Semiconductor Manufacturing in a report on Wednesday, August 14th. One analyst has rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $200.00.

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.