B & T Capital Management DBA Alpha Capital Management Makes New Investment in Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM)

B & T Capital Management DBA Alpha Capital Management acquired a new position in Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 12,311 shares of the semiconductor company's stock, valued at approximately $2,044,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Brighton Jones LLC grew its holdings in shares of Taiwan Semiconductor Manufacturing by 20.9% during the 4th quarter. Brighton Jones LLC now owns 10,930 shares of the semiconductor company's stock worth $2,159,000 after purchasing an additional 1,892 shares in the last quarter. Proficio Capital Partners LLC grew its holdings in shares of Taiwan Semiconductor Manufacturing by 29.8% during the 4th quarter. Proficio Capital Partners LLC now owns 1,868 shares of the semiconductor company's stock worth $369,000 after purchasing an additional 429 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of Taiwan Semiconductor Manufacturing by 8.8% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 50,053 shares of the semiconductor company's stock worth $9,885,000 after purchasing an additional 4,048 shares in the last quarter. Essential Planning LLC. acquired a new stake in shares of Taiwan Semiconductor Manufacturing during the 4th quarter worth approximately $280,000. Finally, Skandinaviska Enskilda Banken AB publ grew its holdings in shares of Taiwan Semiconductor Manufacturing by 66.6% during the 4th quarter. Skandinaviska Enskilda Banken AB publ now owns 23,174 shares of the semiconductor company's stock worth $4,645,000 after purchasing an additional 9,262 shares in the last quarter. 16.51% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the company. Citigroup reaffirmed a "buy" rating on shares of Taiwan Semiconductor Manufacturing in a research note on Thursday, May 22nd. 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 research note on Tuesday, July 1st. Barclays reaffirmed an "overweight" rating and issued a $240.00 price target (up previously from $215.00) on shares of Taiwan Semiconductor Manufacturing in a research note on Tuesday, June 3rd. Finally, Susquehanna boosted their price target on Taiwan Semiconductor Manufacturing from $255.00 to $265.00 and gave the company a "positive" rating in a research note on Monday. 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 data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $236.25.

Taiwan Semiconductor Manufacturing Trading Up 3.6%

Shares of TSM stock traded up $8.29 on Tuesday, reaching $236.96. 14,238,990 shares of the stock were exchanged, compared to its average volume of 15,248,963. The stock has a market cap of $1.23 trillion, a PE ratio of 30.46, a P/E/G ratio of 1.25 and a beta of 1.29. Taiwan Semiconductor Manufacturing Company Ltd. has a one year low of $133.57 and a one year high of $237.67. 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 stock has a 50 day moving average price of $207.50 and a 200 day moving average price of $192.50.

Taiwan Semiconductor Manufacturing (NYSE:TSM - Get Free Report) last released its earnings results on Thursday, April 17th. The semiconductor company reported $2.12 earnings per share for the quarter, topping analysts' consensus estimates of $2.03 by $0.09. The company had revenue of $25.82 billion during the quarter, compared to the consensus estimate of $834.10 billion. Taiwan Semiconductor Manufacturing had a return on equity of 31.43% and a net margin of 41.67%. 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 business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 9th. Investors 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 1.10%. Taiwan Semiconductor Manufacturing's dividend payout ratio is presently 31.75%.

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.