Teachers Retirement System of The State of Kentucky purchased a new stake in shares of  Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor  purchased 98,390 shares of the semiconductor company's stock, valued at approximately $6,746,000.

Several other institutional investors have also added to or reduced their stakes in TSM. Two Sigma Advisers LP boosted its position in  Taiwan Semiconductor Manufacturing by 489.4% during the third quarter. Two Sigma Advisers LP now owns 3,449,300 shares of the semiconductor company's stock valued at $236,484,000 after buying an additional 2,864,100 shares during the period.  State Street Corp boosted its position in  Taiwan Semiconductor Manufacturing by 124.9% during the first quarter. State Street Corp now owns 4,078,090 shares of the semiconductor company's stock valued at $427,158,000 after buying an additional 2,264,575 shares during the period.  Sanders Capital LLC boosted its position in  Taiwan Semiconductor Manufacturing by 3.5% during the third quarter. Sanders Capital LLC now owns 42,934,330 shares of the semiconductor company's stock valued at $2,943,578,000 after buying an additional 1,445,645 shares during the period.  Tiger Global Management LLC purchased a new stake in  Taiwan Semiconductor Manufacturing during the third quarter valued at about $90,157,000.  Finally, Connor Clark & Lunn Investment Management Ltd. boosted its position in  Taiwan Semiconductor Manufacturing by 86.9% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,919,330 shares of the semiconductor company's stock valued at $131,589,000 after buying an additional 892,402 shares during the period. 16.79% of the stock is currently owned by hedge funds and other institutional investors.

Taiwan Semiconductor Manufacturing Price Performance

Shares of NYSE TSM opened at $89.47 on Friday. Taiwan Semiconductor Manufacturing Company Limited has a fifty-two week low of $59.43 and a fifty-two week high of $109.75. The company has a 50 day simple moving average of $90.32 and a two-hundred day simple moving average of $79.69. The company has a market capitalization of $464.00 billion, a price-to-earnings ratio of 13.64, a P/E/G ratio of 0.78 and a beta of 1.10. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.94 and a current ratio of 2.17.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last announced its earnings results on Thursday, January 12th. The semiconductor company reported $1.82 earnings per share for the quarter, beating analysts' consensus estimates of $1.80 by $0.02. Taiwan Semiconductor Manufacturing had a net margin of 44.81% and a return on equity of 37.99%. The business had revenue of $19.93 billion during the quarter, compared to the consensus estimate of $20.29 billion.  Analysts expect that  Taiwan Semiconductor Manufacturing Company Limited will post 5.57 EPS for the current fiscal year.

Taiwan Semiconductor Manufacturing Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 13th. Shareholders of record on Friday, June 16th will be paid a dividend of $0.3597 per share. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.61%. The ex-dividend date is Thursday, June 15th. Taiwan Semiconductor Manufacturing's dividend payout ratio  is 21.49%.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on TSM shares. Needham & Company LLC  reaffirmed a "buy" rating and set a $110.00 price objective on shares of Taiwan Semiconductor Manufacturing in a research note on Friday, March 10th. StockNews.com started coverage on shares of Taiwan Semiconductor Manufacturing in a research note on Thursday. They set a "buy" rating for the company. Finally, Erste Group Bank raised shares of Taiwan Semiconductor Manufacturing from a "hold" rating to a "buy" rating in a research note on Friday, November 18th. Three analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $90.25.

Taiwan Semiconductor Manufacturing Profile

Taiwan Semiconductor Manufacturing Co, Ltd. engages in the manufacture and sale of integrated circuits and wafer semiconductor devices. Its chips are used in personal computers and peripheral products, information applications, wired and wireless communications systems products, and automotive and industrial equipment including consumer electronics such as digital video compact disc player, digital television, game consoles, and digital cameras.