Cloud Capital Management LLC Takes $226,000 Position in Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM)

Cloud Capital Management LLC bought a new stake in Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM - Free Report) in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 1,361 shares of the semiconductor company's stock, valued at approximately $226,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Guardian Partners Inc. purchased a new position in Taiwan Semiconductor Manufacturing during the fourth quarter worth about $9,222,000. Pinnacle Investment Management Ltd purchased a new position in Taiwan Semiconductor Manufacturing during the fourth quarter worth about $26,661,000. Sentry LLC purchased a new position in Taiwan Semiconductor Manufacturing during the first quarter worth about $222,000. Polymer Capital Management HK LTD raised its holdings in Taiwan Semiconductor Manufacturing by 47.7% during the fourth quarter. Polymer Capital Management HK LTD now owns 86,493 shares of the semiconductor company's stock worth $17,082,000 after purchasing an additional 27,938 shares in the last quarter. Finally, Bank of Montreal Can raised its holdings in Taiwan Semiconductor Manufacturing by 38.3% during the fourth quarter. Bank of Montreal Can now owns 871,742 shares of the semiconductor company's stock worth $172,160,000 after purchasing an additional 241,414 shares in the last quarter. 16.51% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

TSM has been the subject of several analyst reports. Needham & Company LLC increased their price target on shares of Taiwan Semiconductor Manufacturing from $225.00 to $270.00 and gave the stock a "buy" rating in a report on Tuesday, July 1st. Citigroup reissued a "buy" rating on shares of Taiwan Semiconductor Manufacturing in a report on Thursday, May 22nd. Susquehanna increased their price target on shares of Taiwan Semiconductor Manufacturing from $250.00 to $255.00 and gave the stock a "positive" rating in a report on Tuesday, June 17th. Finally, Barclays reissued an "overweight" rating and set a $240.00 price target (up from $215.00) on shares of Taiwan Semiconductor Manufacturing in a report on Tuesday, June 3rd. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $233.75.

Taiwan Semiconductor Manufacturing Price Performance

Taiwan Semiconductor Manufacturing stock traded up $1.89 during mid-day trading on Friday, reaching $235.49. The company had a trading volume of 7,779,584 shares, compared to its average volume of 15,466,264. Taiwan Semiconductor Manufacturing Company Ltd. has a 1 year low of $133.57 and a 1 year high of $237.58. The company has a debt-to-equity ratio of 0.22, a current ratio of 2.39 and a quick ratio of 2.18. The company has a market capitalization of $1.22 trillion, a P/E ratio of 30.27, a P/E/G ratio of 1.22 and a beta of 1.29. The stock's 50-day simple moving average is $200.39 and its 200-day simple moving average is $191.44.

Taiwan Semiconductor Manufacturing (NYSE:TSM - Get Free Report) last issued its earnings results on Thursday, April 17th. The semiconductor company reported $2.12 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.03 by $0.09. Taiwan Semiconductor Manufacturing had a net margin of 41.67% and a return on equity of 31.43%. The company had revenue of $25.82 billion during the quarter, compared to analysts' expectations of $834.10 billion. On average, equities analysts predict that Taiwan Semiconductor Manufacturing Company Ltd. will post 9.2 EPS for the current year.

Taiwan Semiconductor Manufacturing Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 9th. Shareholders of record on Tuesday, September 16th will be issued a $0.6499 dividend. The ex-dividend date is Tuesday, September 16th. This represents a $2.60 dividend on an annualized basis and a yield of 1.10%. Taiwan Semiconductor Manufacturing's dividend payout ratio (DPR) is presently 33.42%.

Taiwan Semiconductor Manufacturing Company 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 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.