Alpha Cubed Investments LLC Acquires 143,457 Shares of Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM)

Alpha Cubed Investments LLC boosted its holdings in Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM - Free Report) by 283.7% during the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 194,028 shares of the semiconductor company's stock after purchasing an additional 143,457 shares during the quarter. Taiwan Semiconductor Manufacturing comprises 1.4% of Alpha Cubed Investments LLC's portfolio, making the stock its 21st largest position. Alpha Cubed Investments LLC's holdings in Taiwan Semiconductor Manufacturing were worth $32,209,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of TSM. Davidson Investment Advisors grew its holdings in shares of Taiwan Semiconductor Manufacturing by 88.6% during the first quarter. Davidson Investment Advisors now owns 181,032 shares of the semiconductor company's stock valued at $30,051,000 after buying an additional 85,038 shares during the last quarter. Beverly Hills Private Wealth LLC grew its holdings in shares of Taiwan Semiconductor Manufacturing by 2.3% during the first quarter. Beverly Hills Private Wealth LLC now owns 29,478 shares of the semiconductor company's stock valued at $4,893,000 after buying an additional 675 shares during the last quarter. Interchange Capital Partners LLC grew its holdings in shares of Taiwan Semiconductor Manufacturing by 17.6% during the first quarter. Interchange Capital Partners LLC now owns 6,514 shares of the semiconductor company's stock valued at $1,081,000 after buying an additional 977 shares during the last quarter. Crossmark Global Holdings Inc. grew its holdings in shares of Taiwan Semiconductor Manufacturing by 0.9% during the first quarter. Crossmark Global Holdings Inc. now owns 312,559 shares of the semiconductor company's stock valued at $51,885,000 after buying an additional 2,659 shares during the last quarter. Finally, U.S. Capital Wealth Advisors LLC grew its holdings in shares of Taiwan Semiconductor Manufacturing by 5.5% during the first quarter. U.S. Capital Wealth Advisors LLC now owns 22,258 shares of the semiconductor company's stock valued at $3,695,000 after buying an additional 1,164 shares during the last quarter. Hedge funds and other institutional investors own 16.51% of the company's stock.

Taiwan Semiconductor Manufacturing Price Performance

Shares of TSM stock traded down $1.37 on Tuesday, hitting $227.80. 8,838,519 shares of the stock traded hands, compared to its average volume of 15,404,869. The firm has a market cap of $1.18 trillion, a price-to-earnings ratio of 29.28, a PEG ratio of 1.19 and a beta of 1.29. Taiwan Semiconductor Manufacturing Company Ltd. has a 52 week low of $133.57 and a 52 week high of $237.58. The firm has a 50 day simple moving average of $201.71 and a two-hundred day simple moving average of $191.64. The company has a debt-to-equity ratio of 0.22, a current ratio of 2.39 and a quick ratio of 2.18.

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, beating the consensus estimate of $2.03 by $0.09. The firm had revenue of $25.82 billion for the quarter, compared to the consensus estimate of $834.10 billion. Taiwan Semiconductor Manufacturing had a net margin of 41.67% and a return on equity of 31.43%. As a group, equities research analysts predict that Taiwan Semiconductor Manufacturing Company Ltd. will post 9.2 earnings per share for the current fiscal year.

Taiwan Semiconductor Manufacturing Cuts Dividend

The business also recently declared 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 of this dividend is Tuesday, September 16th. This represents a $2.60 dividend on an annualized basis and a yield of 1.14%. Taiwan Semiconductor Manufacturing's dividend payout ratio is currently 30.59%.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on TSM. Susquehanna raised their target price 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. Citigroup restated a "buy" rating on shares of Taiwan Semiconductor Manufacturing in a report on Thursday, May 22nd. Needham & Company LLC raised their target price 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. Finally, Barclays restated an "overweight" rating and issued a $240.00 target price (up previously 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 assigned a buy rating to the company. Based on data from MarketBeat.com, Taiwan Semiconductor Manufacturing currently has an average rating of "Moderate Buy" and a consensus price target of $233.75.

Taiwan Semiconductor Manufacturing 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.