Alpha Cubed Investments LLC Increases Holdings in Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM)

Alpha Cubed Investments LLC boosted its holdings in shares of Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM - Free Report) by 283.7% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 194,028 shares of the semiconductor company's stock after acquiring an additional 143,457 shares during the quarter. Taiwan Semiconductor Manufacturing accounts for 1.4% of Alpha Cubed Investments LLC's portfolio, making the stock its 21st biggest holding. 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 large investors also recently bought and sold shares of the business. Davidson Investment Advisors boosted its holdings in Taiwan Semiconductor Manufacturing by 88.6% during the 1st quarter. Davidson Investment Advisors now owns 181,032 shares of the semiconductor company's stock valued at $30,051,000 after acquiring an additional 85,038 shares during the period. Beverly Hills Private Wealth LLC boosted its holdings in Taiwan Semiconductor Manufacturing by 2.3% during the 1st quarter. Beverly Hills Private Wealth LLC now owns 29,478 shares of the semiconductor company's stock valued at $4,893,000 after acquiring an additional 675 shares during the period. Interchange Capital Partners LLC boosted its holdings in Taiwan Semiconductor Manufacturing by 17.6% during the 1st quarter. Interchange Capital Partners LLC now owns 6,514 shares of the semiconductor company's stock valued at $1,081,000 after acquiring an additional 977 shares during the period. Crossmark Global Holdings Inc. boosted its holdings in Taiwan Semiconductor Manufacturing by 0.9% during the 1st quarter. Crossmark Global Holdings Inc. now owns 312,559 shares of the semiconductor company's stock valued at $51,885,000 after acquiring an additional 2,659 shares during the period. Finally, U.S. Capital Wealth Advisors LLC boosted its holdings in Taiwan Semiconductor Manufacturing by 5.5% during the 1st quarter. U.S. Capital Wealth Advisors LLC now owns 22,258 shares of the semiconductor company's stock valued at $3,695,000 after acquiring an additional 1,164 shares during the period. Hedge funds and other institutional investors own 16.51% of the company's stock.

Analyst Upgrades and Downgrades

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

Taiwan Semiconductor Manufacturing Stock Down 2.4%

Shares of TSM traded down $5.58 during midday trading on Monday, reaching $229.22. 13,806,249 shares of the stock were exchanged, compared to its average volume of 15,459,647. Taiwan Semiconductor Manufacturing Company Ltd. has a 52 week low of $133.57 and a 52 week high of $237.58. The company has a current ratio of 2.39, a quick ratio of 2.18 and a debt-to-equity ratio of 0.22. The company's 50 day moving average is $200.39 and its two-hundred day moving average is $191.41. The company has a market capitalization of $1.19 trillion, a P/E ratio of 29.46, a PEG ratio of 1.22 and a beta of 1.29.

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

Taiwan Semiconductor Manufacturing Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 9th. Stockholders of record on Tuesday, September 16th will be paid a $0.6499 dividend. This represents a $2.60 annualized dividend and a dividend yield of 1.13%. The ex-dividend date of this dividend is Tuesday, September 16th. Taiwan Semiconductor Manufacturing's payout ratio is 30.59%.

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.