Thrivent Financial for Lutherans Purchases 381,766 Shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Thrivent Financial for Lutherans grew its position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 102.8% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 752,971 shares of the semiconductor company’s stock after acquiring an additional 381,766 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Taiwan Semiconductor Manufacturing were worth $130,874,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also modified their holdings of the company. Van ECK Associates Corp raised its stake in Taiwan Semiconductor Manufacturing by 53.4% during the first quarter. Van ECK Associates Corp now owns 17,416,194 shares of the semiconductor company’s stock valued at $2,369,473,000 after purchasing an additional 6,060,511 shares in the last quarter. Capital International Investors raised its position in Taiwan Semiconductor Manufacturing by 40.2% during the first quarter. Capital International Investors now owns 19,695,714 shares of the semiconductor company’s stock valued at $2,679,602,000 after purchasing an additional 5,643,949 shares during the period. Capital World Investors raised its position in Taiwan Semiconductor Manufacturing by 11.4% during the fourth quarter. Capital World Investors now owns 41,356,279 shares of the semiconductor company’s stock valued at $4,301,178,000 after purchasing an additional 4,240,928 shares during the period. PineStone Asset Management Inc. boosted its holdings in shares of Taiwan Semiconductor Manufacturing by 116.3% in the 2nd quarter. PineStone Asset Management Inc. now owns 7,784,316 shares of the semiconductor company’s stock worth $1,352,992,000 after purchasing an additional 4,186,133 shares during the period. Finally, Harding Loevner LP increased its position in shares of Taiwan Semiconductor Manufacturing by 20.9% during the 4th quarter. Harding Loevner LP now owns 11,616,715 shares of the semiconductor company’s stock valued at $1,222,768,000 after purchasing an additional 2,008,043 shares during the last quarter. 16.51% of the stock is owned by hedge funds and other institutional investors.

Taiwan Semiconductor Manufacturing Trading Down 1.2 %

TSM opened at $174.04 on Friday. Taiwan Semiconductor Manufacturing Company Limited has a 52 week low of $84.01 and a 52 week high of $193.47. The company has a market capitalization of $902.64 billion, a P/E ratio of 33.15, a PEG ratio of 0.99 and a beta of 1.14. The stock’s fifty day moving average is $167.03 and its two-hundred day moving average is $157.84. The company has a quick ratio of 2.21, a current ratio of 2.47 and a debt-to-equity ratio of 0.26.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last released its quarterly earnings data on Thursday, July 18th. The semiconductor company reported $1.48 earnings per share for the quarter, beating the consensus estimate of $1.37 by $0.11. Taiwan Semiconductor Manufacturing had a return on equity of 25.54% and a net margin of 37.85%. The firm had revenue of $20.82 billion during the quarter, compared to the consensus estimate of $20.33 billion. During the same period in the previous year, the company posted $1.14 earnings per share. The firm’s quarterly revenue was up 34.6% on a year-over-year basis. Analysts forecast that Taiwan Semiconductor Manufacturing Company Limited will post 6.45 earnings per share for the current year.

Taiwan Semiconductor Manufacturing Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 9th. Stockholders of record on Thursday, December 12th will be paid a dividend of $0.4871 per share. The ex-dividend date is Thursday, December 12th. This is an increase from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. This represents a $1.95 dividend on an annualized basis and a dividend yield of 1.12%. Taiwan Semiconductor Manufacturing’s dividend payout ratio (DPR) is currently 37.71%.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. Needham & Company LLC lifted their price objective on shares of Taiwan Semiconductor Manufacturing from $168.00 to $210.00 and gave the stock a “buy” rating in a research note on Monday, July 15th. Susquehanna reissued a “positive” rating and issued a $250.00 price objective on shares of Taiwan Semiconductor Manufacturing in a research report on Wednesday, August 14th. TD Cowen raised their price objective on shares of Taiwan Semiconductor Manufacturing from $130.00 to $170.00 and gave the stock a “hold” rating in a research note on Thursday, July 18th. Sanford C. Bernstein increased their price target on Taiwan Semiconductor Manufacturing from $150.00 to $200.00 and gave the stock an “outperform” rating in a report on Thursday, June 20th. Finally, Barclays boosted their price objective on Taiwan Semiconductor Manufacturing from $150.00 to $170.00 and gave the company an “overweight” rating in a report on Wednesday, June 5th. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target 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.