Benson Investment Management Company Inc. Takes Position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Benson Investment Management Company Inc. bought a new stake in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM - Free Report) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 32,417 shares of the semiconductor company's stock, valued at approximately $5,381,000. Taiwan Semiconductor Manufacturing comprises approximately 2.3% of Benson Investment Management Company Inc.'s portfolio, making the stock its 16th biggest position.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Stonebridge Financial Group LLC bought a new stake in shares of Taiwan Semiconductor Manufacturing in the fourth quarter valued at approximately $25,000. IMG Wealth Management Inc. bought a new stake in shares of Taiwan Semiconductor Manufacturing during the 4th quarter valued at $26,000. Hopwood Financial Services Inc. purchased a new stake in Taiwan Semiconductor Manufacturing during the 4th quarter worth about $27,000. Roxbury Financial LLC purchased a new stake in Taiwan Semiconductor Manufacturing during the 4th quarter worth about $29,000. Finally, Accredited Wealth Management LLC bought a new position in Taiwan Semiconductor Manufacturing in the 4th quarter worth about $31,000. 16.51% of the stock is owned by institutional investors.

Taiwan Semiconductor Manufacturing Trading Up 0.5%

Shares of TSM stock traded up $0.94 during mid-day trading on Thursday, reaching $203.34. The stock had a trading volume of 11,415,981 shares, compared to its average volume of 15,836,953. The firm has a market capitalization 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 stock's 50-day moving average price is $172.79 and its two-hundred day moving average price is $187.66. 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 Company Limited has a 52-week low of $133.57 and a 52-week high of $226.40.

Taiwan Semiconductor Manufacturing (NYSE:TSM - Get Free Report) last released its quarterly earnings results on Thursday, April 17th. The semiconductor company reported $2.12 EPS for the quarter, beating 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 expect that Taiwan Semiconductor Manufacturing Company Limited will post 9.2 earnings per share for the current fiscal year.

Taiwan Semiconductor Manufacturing Cuts Dividend

The business also recently declared 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. This represents a $2.60 annualized dividend and a yield of 1.28%. The ex-dividend date of this dividend is Tuesday, September 16th. Taiwan Semiconductor Manufacturing's dividend payout ratio (DPR) is currently 30.46%.

Wall Street Analyst Weigh In

TSM has been the topic of a number of recent analyst reports. Needham & Company LLC reissued a "buy" rating and issued a $225.00 price target on shares of Taiwan Semiconductor Manufacturing in a report on Thursday, April 17th. Susquehanna reiterated a "positive" rating on shares of Taiwan Semiconductor Manufacturing in a research note on Friday, April 25th. Citigroup restated a "buy" rating on shares of Taiwan Semiconductor Manufacturing in a research report on Thursday, May 22nd. Finally, Barclays lifted their price objective on Taiwan Semiconductor Manufacturing from $215.00 to $240.00 and gave the company an "overweight" rating in a research note on Tuesday. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target 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.