Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM) Shares Bought by Axxcess Wealth Management LLC

Axxcess Wealth Management LLC increased its position in Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM - Free Report) by 103.4% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,173 shares of the semiconductor company's stock after purchasing an additional 10,257 shares during the period. Axxcess Wealth Management LLC's holdings in Taiwan Semiconductor Manufacturing were worth $3,349,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. FMR LLC grew its holdings in Taiwan Semiconductor Manufacturing by 4.6% during the 4th quarter. FMR LLC now owns 58,547,257 shares of the semiconductor company's stock valued at $11,562,498,000 after buying an additional 2,572,488 shares in the last quarter. Sanders Capital LLC boosted its position in shares of Taiwan Semiconductor Manufacturing by 0.6% during the 4th quarter. Sanders Capital LLC now owns 41,877,457 shares of the semiconductor company's stock valued at $8,270,379,000 after acquiring an additional 231,310 shares during the last quarter. Capital World Investors boosted its position in shares of Taiwan Semiconductor Manufacturing by 0.8% during the 4th quarter. Capital World Investors now owns 35,602,400 shares of the semiconductor company's stock valued at $7,031,632,000 after acquiring an additional 294,316 shares during the last quarter. Capital International Investors lifted its position in Taiwan Semiconductor Manufacturing by 8.2% in the fourth quarter. Capital International Investors now owns 22,210,222 shares of the semiconductor company's stock worth $4,391,957,000 after buying an additional 1,683,256 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD lifted its position in Taiwan Semiconductor Manufacturing by 67.0% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 10,365,404 shares of the semiconductor company's stock worth $2,047,065,000 after buying an additional 4,158,772 shares during the last quarter. Institutional investors own 16.51% of the company's stock.

Taiwan Semiconductor Manufacturing Price Performance

Shares of TSM traded down $1.90 during trading hours on Thursday, hitting $229.94. 13,102,324 shares of the stock were exchanged, compared to its average volume of 15,338,207. The company has a debt-to-equity ratio of 0.22, a quick ratio of 2.18 and a current ratio of 2.39. The stock's 50-day moving average price is $204.28 and its two-hundred day moving average price is $192.16. The company has a market cap of $1.19 trillion, a price-to-earnings ratio of 29.56, a price-to-earnings-growth ratio of 1.24 and a beta of 1.29. Taiwan Semiconductor Manufacturing Company Ltd. has a 12-month low of $133.57 and a 12-month high of $237.58.

Taiwan Semiconductor Manufacturing (NYSE:TSM - Get Free Report) last posted its quarterly earnings results on Thursday, April 17th. The semiconductor company reported $2.12 EPS for the quarter, topping the consensus estimate of $2.03 by $0.09. The business had revenue of $25.82 billion during 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%. Research analysts expect that Taiwan Semiconductor Manufacturing Company Ltd. will post 9.2 earnings per share for the current year.

Taiwan Semiconductor Manufacturing Cuts Dividend

The business also recently announced 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 of this dividend is Tuesday, September 16th. This represents a $2.60 annualized dividend and a dividend yield of 1.13%. Taiwan Semiconductor Manufacturing's dividend payout ratio (DPR) is currently 31.75%.

Analysts Set New Price Targets

Several analysts have recently weighed in on the company. Susquehanna lifted their target price 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 restated an "overweight" rating and set a $240.00 price target (up previously from $215.00) on shares of Taiwan Semiconductor Manufacturing in a research note on Tuesday, June 3rd. Citigroup reaffirmed a "buy" rating on shares of Taiwan Semiconductor Manufacturing in a report on Thursday, May 22nd. Finally, Needham & Company LLC boosted their price target on Taiwan Semiconductor Manufacturing from $225.00 to $270.00 and gave the company a "buy" rating in a 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. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $233.75.

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.