Franchise Capital Ltd Takes Position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Franchise Capital Ltd bought a new stake in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM - Free Report) during the 1st quarter, according to its most recent filing with the SEC. The fund bought 94,350 shares of the semiconductor company's stock, valued at approximately $15,662,000. Taiwan Semiconductor Manufacturing makes up 8.8% of Franchise Capital Ltd's portfolio, making the stock its 4th largest position.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Tallon Kerry Patrick bought a new position in shares of Taiwan Semiconductor Manufacturing during the fourth quarter valued at $228,000. LaFleur & Godfrey LLC bought a new position in Taiwan Semiconductor Manufacturing during the 4th quarter valued at about $221,000. Nisa Investment Advisors LLC lifted its holdings in Taiwan Semiconductor Manufacturing by 16.5% during the 4th quarter. Nisa Investment Advisors LLC now owns 2,117 shares of the semiconductor company's stock valued at $419,000 after purchasing an additional 300 shares during the last quarter. Brighton Jones LLC boosted its position in Taiwan Semiconductor Manufacturing by 20.9% in the fourth quarter. Brighton Jones LLC now owns 10,930 shares of the semiconductor company's stock valued at $2,159,000 after buying an additional 1,892 shares in the last quarter. Finally, Union Bancaire Privee UBP SA bought a new stake in Taiwan Semiconductor Manufacturing during the fourth quarter worth about $91,830,000. Institutional investors own 16.51% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have recently commented on TSM shares. Needham & Company LLC reissued a "buy" rating and issued a $225.00 target price on shares of Taiwan Semiconductor Manufacturing in a report on Thursday, April 17th. Barclays reissued a "hold" rating on shares of Taiwan Semiconductor Manufacturing in a research note on Friday, April 25th. Susquehanna restated a "positive" rating on shares of Taiwan Semiconductor Manufacturing in a research note on Friday, April 25th. Finally, Citigroup reiterated a "buy" rating on shares of Taiwan Semiconductor Manufacturing in a research report on Thursday, May 22nd. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, Taiwan Semiconductor Manufacturing has an average rating of "Moderate Buy" and a consensus price target of $212.00.

Taiwan Semiconductor Manufacturing Trading Down 1.9%

Shares of NYSE TSM traded down $3.79 during midday trading on Friday, hitting $193.36. The stock had a trading volume of 11,983,485 shares, compared to its average volume of 15,876,206. The firm has a market cap of $1.00 trillion, a P/E ratio of 27.47, a price-to-earnings-growth ratio of 0.66 and a beta of 1.21. Taiwan Semiconductor Manufacturing Company Limited has a fifty-two week low of $133.57 and a fifty-two week high of $226.40. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.57 and a quick ratio of 2.30. The company's 50-day simple moving average is $170.81 and its 200 day simple moving average is $187.42.

Taiwan Semiconductor Manufacturing (NYSE:TSM - Get Free Report) last announced its quarterly earnings data on Thursday, April 17th. The semiconductor company reported $2.12 EPS for the quarter, topping analysts' consensus estimates of $2.03 by $0.09. Taiwan Semiconductor Manufacturing had a return on equity of 30.47% and a net margin of 40.51%. The firm had revenue of $25.82 billion during the quarter, compared to analyst estimates of $834.10 billion. Research analysts anticipate that Taiwan Semiconductor Manufacturing Company Limited will post 9.2 EPS for the current year.

Taiwan Semiconductor Manufacturing Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 9th. Shareholders of record on Tuesday, September 16th will be paid 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 1.34%. Taiwan Semiconductor Manufacturing's payout ratio is presently 27.76%.

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.