Annex Advisory Services LLC Grows Stock Holdings in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Annex Advisory Services LLC increased its holdings in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM - Free Report) by 9.1% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 58,008 shares of the semiconductor company's stock after acquiring an additional 4,858 shares during the period. Annex Advisory Services LLC's holdings in Taiwan Semiconductor Manufacturing were worth $9,629,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of TSM. Tallon Kerry Patrick bought a new position in Taiwan Semiconductor Manufacturing during the fourth quarter valued at $228,000. LaFleur & Godfrey LLC bought a new position in Taiwan Semiconductor Manufacturing during the fourth quarter valued at $221,000. Brighton Jones LLC grew its holdings in Taiwan Semiconductor Manufacturing by 20.9% during the fourth quarter. Brighton Jones LLC now owns 10,930 shares of the semiconductor company's stock valued at $2,159,000 after purchasing an additional 1,892 shares during the period. Union Bancaire Privee UBP SA bought a new position in Taiwan Semiconductor Manufacturing during the fourth quarter valued at $91,830,000. Finally, CENTRAL TRUST Co grew its holdings in Taiwan Semiconductor Manufacturing by 9.3% during the fourth quarter. CENTRAL TRUST Co now owns 2,495 shares of the semiconductor company's stock valued at $493,000 after purchasing an additional 212 shares during the period. 16.51% of the stock is owned by institutional investors.

Taiwan Semiconductor Manufacturing Stock Performance

Shares of Taiwan Semiconductor Manufacturing stock traded up $0.94 during trading hours on Thursday, reaching $203.34. The company had a trading volume of 11,415,981 shares, compared to its average volume of 15,807,534. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.57 and a quick ratio of 2.30. Taiwan Semiconductor Manufacturing Company Limited has a one year low of $133.57 and a one year high of $226.40. The firm has a market cap of $1.05 trillion, a PE ratio of 28.88, a price-to-earnings-growth ratio of 0.66 and a beta of 1.21. The business has a fifty day simple moving average of $172.79 and a 200 day simple moving average of $187.66.

Taiwan Semiconductor Manufacturing (NYSE:TSM - Get Free Report) last issued its quarterly earnings data on Thursday, April 17th. The semiconductor company reported $2.12 earnings per share (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 company had revenue of $25.82 billion for the quarter, compared to the consensus estimate of $834.10 billion. On average, analysts anticipate that Taiwan Semiconductor Manufacturing Company Limited will post 9.2 earnings per share for the current fiscal year.

Taiwan Semiconductor Manufacturing Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 9th. Investors of record on Tuesday, September 16th will be given a $0.6499 dividend. The ex-dividend date is Tuesday, September 16th. This represents a $2.60 dividend on an annualized basis and a dividend yield of 1.28%. Taiwan Semiconductor Manufacturing's dividend payout ratio (DPR) is presently 30.46%.

Analyst Upgrades and Downgrades

TSM has been the subject of several research reports. Susquehanna reissued a "positive" rating on shares of Taiwan Semiconductor Manufacturing in a report on Friday, April 25th. Barclays raised their price target on Taiwan Semiconductor Manufacturing from $215.00 to $240.00 and gave the stock an "overweight" rating in a report on Tuesday. Needham & Company LLC reaffirmed a "buy" rating and issued a $225.00 price target on shares of Taiwan Semiconductor Manufacturing in a report on Thursday, April 17th. Finally, Citigroup reaffirmed a "buy" rating on shares of Taiwan Semiconductor Manufacturing in a report on Thursday, May 22nd. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to MarketBeat, Taiwan Semiconductor Manufacturing presently has an average rating of "Moderate Buy" and an average target price of $217.00.

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.