Foster Group Inc. Has $458,000 Stake in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Foster Group Inc. boosted its stake in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 33.5% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,542 shares of the semiconductor company’s stock after purchasing an additional 1,140 shares during the period. Foster Group Inc.’s holdings in Taiwan Semiconductor Manufacturing were worth $458,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of TSM. Mirae Asset Global Investments Co. Ltd. increased its holdings in Taiwan Semiconductor Manufacturing by 30.0% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,381,845 shares of the semiconductor company’s stock valued at $144,071,000 after purchasing an additional 318,570 shares during the period. Zions Bancorporation N.A. boosted its position in Taiwan Semiconductor Manufacturing by 29.2% during the first quarter. Zions Bancorporation N.A. now owns 597 shares of the semiconductor company’s stock valued at $62,000 after acquiring an additional 135 shares during the last quarter. Brown Brothers Harriman & Co. boosted its position in Taiwan Semiconductor Manufacturing by 40.1% during the first quarter. Brown Brothers Harriman & Co. now owns 12,700 shares of the semiconductor company’s stock valued at $1,324,000 after acquiring an additional 3,638 shares during the last quarter. Merit Financial Group LLC boosted its position in Taiwan Semiconductor Manufacturing by 17.3% during the first quarter. Merit Financial Group LLC now owns 2,350 shares of the semiconductor company’s stock valued at $245,000 after acquiring an additional 346 shares during the last quarter. Finally, Ergoteles LLC boosted its position in Taiwan Semiconductor Manufacturing by 138.6% during the first quarter. Ergoteles LLC now owns 45,497 shares of the semiconductor company’s stock valued at $4,744,000 after acquiring an additional 26,426 shares during the last quarter. 16.51% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have commented on TSM. Needham & Company LLC cut their price target on shares of Taiwan Semiconductor Manufacturing from $118.00 to $115.00 and set a “buy” rating on the stock in a research report on Friday, July 21st. Susquehanna upped their price target on shares of Taiwan Semiconductor Manufacturing from $128.00 to $135.00 and gave the company a “positive” rating in a research report on Friday, July 14th. Finally, StockNews.com raised shares of Taiwan Semiconductor Manufacturing from a “hold” rating to a “buy” rating in a research report on Friday, August 25th. Six research analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of $108.33.

Taiwan Semiconductor Manufacturing Stock Down 2.4 %

Shares of TSM stock traded down $2.22 on Friday, reaching $89.25. 19,940,492 shares of the company were exchanged, compared to its average volume of 7,812,202. The company has a market cap of $462.89 billion, a price-to-earnings ratio of 14.73, a PEG ratio of 3.18 and a beta of 1.07. The company has a 50-day moving average of $95.87 and a 200-day moving average of $93.89. The company has a debt-to-equity ratio of 0.29, a current ratio of 2.42 and a quick ratio of 2.13. Taiwan Semiconductor Manufacturing Company Limited has a one year low of $59.43 and a one year high of $110.69.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last announced its quarterly earnings results on Thursday, July 20th. The semiconductor company reported $1.14 earnings per share for the quarter, beating the consensus estimate of $1.07 by $0.07. Taiwan Semiconductor Manufacturing had a net margin of 43.31% and a return on equity of 32.08%. The business had revenue of $15.68 billion for the quarter, compared to analysts’ expectations of $15.52 billion. Analysts anticipate that Taiwan Semiconductor Manufacturing Company Limited will post 4.82 earnings per share for the current year.

Taiwan Semiconductor Manufacturing Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 11th. Investors of record on Friday, December 15th will be given a $0.4724 dividend. The ex-dividend date of this dividend is Thursday, December 14th. This represents a $1.89 annualized dividend and a yield of 2.12%. Taiwan Semiconductor Manufacturing’s payout ratio is 24.59%.

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 complementary metal oxide silicon wafer fabrication processes to manufacture logic, mixed-signal, radio frequency, and embedded memory semiconductors.