Advisor OS LLC Acquires 1,347 Shares of Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM)

Advisor OS LLC grew its position in Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM - Free Report) by 26.9% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,356 shares of the semiconductor company's stock after acquiring an additional 1,347 shares during the period. Advisor OS LLC's holdings in Taiwan Semiconductor Manufacturing were worth $1,055,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. DekaBank Deutsche Girozentrale lifted its stake in shares of Taiwan Semiconductor Manufacturing by 0.9% during the 1st quarter. DekaBank Deutsche Girozentrale now owns 1,339,479 shares of the semiconductor company's stock worth $214,442,000 after buying an additional 11,693 shares during the last quarter. Pinnacle Investment Management Ltd acquired a new stake in shares of Taiwan Semiconductor Manufacturing during the 4th quarter worth about $26,661,000. Sentry LLC acquired a new stake in shares of Taiwan Semiconductor Manufacturing during the 1st quarter worth about $222,000. Compound Global Advisors LLC lifted its stake in shares of Taiwan Semiconductor Manufacturing by 31.2% during the 1st quarter. Compound Global Advisors LLC now owns 4,796 shares of the semiconductor company's stock worth $747,000 after buying an additional 1,141 shares during the last quarter. Finally, Polymer Capital Management HK LTD lifted its stake in shares of Taiwan Semiconductor Manufacturing by 47.7% during the 4th quarter. Polymer Capital Management HK LTD now owns 86,493 shares of the semiconductor company's stock worth $17,082,000 after buying an additional 27,938 shares during the last quarter. Institutional investors own 16.51% of the company's stock.

Taiwan Semiconductor Manufacturing Stock Up 0.5%

Shares of NYSE TSM traded up $1.20 during trading on Thursday, hitting $241.53. The stock had a trading volume of 8,993,426 shares, compared to its average volume of 11,586,395. Taiwan Semiconductor Manufacturing Company Ltd. has a 12 month low of $133.57 and a 12 month high of $248.28. 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 $1.25 trillion, a PE ratio of 27.54, a PEG ratio of 1.16 and a beta of 1.29. The firm has a fifty day moving average of $216.44 and a two-hundred day moving average of $194.61.

Taiwan Semiconductor Manufacturing (NYSE:TSM - Get Free Report) last posted its quarterly earnings results on Thursday, July 17th. The semiconductor company reported $2.47 earnings per share for the quarter, beating the consensus estimate of $2.13 by $0.34. The company had revenue of $30.07 billion during the quarter, compared to analyst estimates of $28.50 billion. Taiwan Semiconductor Manufacturing had a net margin of 42.91% and a return on equity of 34.53%. The firm's revenue for the quarter was up 44.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.48 earnings per share. As a group, equities research analysts forecast that Taiwan Semiconductor Manufacturing Company Ltd. will post 9.2 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, October 9th. Shareholders of record on Tuesday, September 16th will be given a dividend of $0.6499 per share. The ex-dividend date of this dividend is Tuesday, September 16th. This represents a $2.60 dividend on an annualized basis and a yield of 1.08%. Taiwan Semiconductor Manufacturing's dividend payout ratio is presently 28.16%.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on TSM. Susquehanna set a $265.00 target price on shares of Taiwan Semiconductor Manufacturing and gave the stock a "positive" rating in a research note on Monday, July 14th. Barclays reiterated an "overweight" rating and issued a $240.00 price objective (up previously from $215.00) on shares of Taiwan Semiconductor Manufacturing in a research note on Tuesday, June 3rd. Needham & Company LLC reiterated a "buy" rating and issued a $270.00 price objective on shares of Taiwan Semiconductor Manufacturing in a research note on Thursday, July 17th. Finally, Citigroup reiterated a "buy" rating on shares of Taiwan Semiconductor Manufacturing in a research note on Thursday, May 22nd. One analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $258.33.

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.