Eagle Rock Investment Company LLC Has $8.96 Million Stake in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Eagle Rock Investment Company LLC trimmed its position in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 2.1% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 53,987 shares of the semiconductor company’s stock after selling 1,182 shares during the period. Taiwan Semiconductor Manufacturing makes up approximately 1.5% of Eagle Rock Investment Company LLC’s investment portfolio, making the stock its 18th largest position. Eagle Rock Investment Company LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $8,962,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of TSM. Price T Rowe Associates Inc. MD grew its stake in Taiwan Semiconductor Manufacturing by 67.0% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 10,365,404 shares of the semiconductor company’s stock worth $2,047,065,000 after buying an additional 4,158,772 shares in the last quarter. FMR LLC grew its stake in Taiwan Semiconductor Manufacturing by 4.6% during the fourth quarter. FMR LLC now owns 58,547,257 shares of the semiconductor company’s stock worth $11,562,498,000 after buying an additional 2,572,488 shares in the last quarter. Sarasin & Partners LLP acquired a new stake in Taiwan Semiconductor Manufacturing during the first quarter worth about $362,773,000. Franklin Resources Inc. grew its stake in Taiwan Semiconductor Manufacturing by 32.3% during the fourth quarter. Franklin Resources Inc. now owns 8,498,063 shares of the semiconductor company’s stock worth $1,678,283,000 after buying an additional 2,074,329 shares in the last quarter. Finally, Northern Trust Corp grew its stake in Taiwan Semiconductor Manufacturing by 45.2% during the fourth quarter. Northern Trust Corp now owns 6,244,965 shares of the semiconductor company’s stock worth $1,233,318,000 after buying an additional 1,944,328 shares in the last quarter. 16.51% of the stock is currently owned by institutional investors and hedge funds.

Taiwan Semiconductor Manufacturing Stock Performance

NYSE TSM opened at $205.10 on Friday. The company has a fifty day simple moving average of $174.27 and a 200 day simple moving average of $187.88. Taiwan Semiconductor Manufacturing Company Limited has a 12-month low of $133.57 and a 12-month high of $226.40. The company has a current ratio of 2.57, a quick ratio of 2.30 and a debt-to-equity ratio of 0.24. The company has a market cap of $1.06 trillion, a P/E ratio of 29.13, a PEG ratio of 0.66 and a beta of 1.21.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last posted its quarterly earnings results on Thursday, April 17th. The semiconductor company reported $2.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.03 by $0.09. Taiwan Semiconductor Manufacturing had a net margin of 40.51% and a return on equity of 30.47%. The business had revenue of $25.82 billion during the quarter, compared to the consensus estimate of $834.10 billion. Sell-side analysts predict that Taiwan Semiconductor Manufacturing Company Limited will post 9.2 earnings per share for the current fiscal year.

Taiwan Semiconductor Manufacturing Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 9th. Shareholders of record on Tuesday, September 16th will be issued a dividend of $0.6499 per share. This represents a $2.60 dividend on an annualized basis and a yield of 1.27%. The ex-dividend date is Tuesday, September 16th. Taiwan Semiconductor Manufacturing’s dividend payout ratio is 30.46%.

Analyst Ratings Changes

A number of research firms have recently weighed in on TSM. Needham & Company LLC restated a “buy” rating and issued a $225.00 price target on shares of Taiwan Semiconductor Manufacturing in a research note on Thursday, April 17th. Susquehanna restated a “positive” rating on shares of Taiwan Semiconductor Manufacturing in a research note on Friday, April 25th. Citigroup restated a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a research note on Thursday, May 22nd. Finally, Barclays restated an “overweight” rating and issued a $240.00 price target (up from $215.00) on shares of Taiwan Semiconductor Manufacturing in a research note on Tuesday. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, Taiwan Semiconductor Manufacturing currently has an average rating of “Moderate Buy” and an average target price of $217.00.

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.