Bell Bank Grows Stake in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Bell Bank increased its position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM - Free Report) by 34.0% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 9,032 shares of the semiconductor company's stock after purchasing an additional 2,292 shares during the quarter. Bell Bank's holdings in Taiwan Semiconductor Manufacturing were worth $1,499,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Guardian Partners Inc. purchased a new position in shares of Taiwan Semiconductor Manufacturing in the 4th quarter valued at approximately $9,222,000. Hardman Johnston Global Advisors LLC lifted its stake in shares of Taiwan Semiconductor Manufacturing by 7.6% in the 4th quarter. Hardman Johnston Global Advisors LLC now owns 381,432 shares of the semiconductor company's stock valued at $75,329,000 after purchasing an additional 26,847 shares during the period. Pinnacle Investment Management Ltd purchased a new position in shares of Taiwan Semiconductor Manufacturing in the 4th quarter valued at approximately $26,661,000. Alphinity Investment Management Pty Ltd purchased a new position in shares of Taiwan Semiconductor Manufacturing in the 4th quarter valued at approximately $349,241,000. Finally, North of South Capital LLP lifted its stake in shares of Taiwan Semiconductor Manufacturing by 15.8% in the 4th quarter. North of South Capital LLP now owns 516,404 shares of the semiconductor company's stock valued at $101,985,000 after purchasing an additional 70,362 shares during the period. Hedge funds and other institutional investors own 16.51% of the company's stock.

Analyst Ratings Changes

TSM has been the subject of a number of research analyst reports. 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 research note on Tuesday, June 3rd. Susquehanna reaffirmed a "positive" rating on shares of Taiwan Semiconductor Manufacturing in a research report on Friday, April 25th. Citigroup reaffirmed a "buy" rating on shares of Taiwan Semiconductor Manufacturing in a research report on Thursday, May 22nd. Finally, Needham & Company LLC reaffirmed a "buy" rating and set a $225.00 price objective on shares of Taiwan Semiconductor Manufacturing in a research report on Thursday, April 17th. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $217.00.

Taiwan Semiconductor Manufacturing Stock Up 2.1%

Taiwan Semiconductor Manufacturing stock opened at $215.54 on Tuesday. The firm has a market cap of $1.12 trillion, a price-to-earnings ratio of 30.62, a PEG ratio of 0.66 and a beta of 1.27. The stock has a fifty day simple moving average of $181.73 and a two-hundred day simple moving average of $189.04. Taiwan Semiconductor Manufacturing Company Limited has a 12 month low of $133.57 and a 12 month high of $226.40. The company has a current ratio of 2.57, a quick ratio of 2.30 and a debt-to-equity ratio of 0.24.

Taiwan Semiconductor Manufacturing (NYSE:TSM - Get Free Report) last posted its earnings results on Thursday, April 17th. The semiconductor company reported $2.12 EPS for the quarter, topping analysts' consensus estimates of $2.03 by $0.09. The business had revenue of $25.82 billion during the quarter, compared to analyst estimates of $834.10 billion. Taiwan Semiconductor Manufacturing had a return on equity of 30.47% and a net margin of 40.51%. Equities analysts predict that Taiwan Semiconductor Manufacturing Company Limited will post 9.2 EPS for the current fiscal year.

Taiwan Semiconductor Manufacturing Cuts Dividend

The firm also recently announced 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. This represents a $2.60 dividend on an annualized basis and a dividend yield of 1.21%. The ex-dividend date of this dividend is Tuesday, September 16th. Taiwan Semiconductor Manufacturing's payout ratio is 33.42%.

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.

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