Bleakley Financial Group LLC Raises Holdings in Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM)

Bleakley Financial Group LLC boosted its stake in shares of Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM - Free Report) by 15.8% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 48,891 shares of the semiconductor company's stock after purchasing an additional 6,673 shares during the quarter. Bleakley Financial Group LLC's holdings in Taiwan Semiconductor Manufacturing were worth $8,116,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the stock. MQS Management LLC acquired a new position in shares of Taiwan Semiconductor Manufacturing during the 1st quarter worth about $590,000. Left Brain Wealth Management LLC lifted its position in Taiwan Semiconductor Manufacturing by 113.6% during the 1st quarter. Left Brain Wealth Management LLC now owns 40,220 shares of the semiconductor company's stock worth $6,677,000 after acquiring an additional 21,388 shares during the period. CWM LLC lifted its position in Taiwan Semiconductor Manufacturing by 1.1% during the 1st quarter. CWM LLC now owns 32,112 shares of the semiconductor company's stock worth $5,331,000 after acquiring an additional 340 shares during the period. Schear Investment Advisers LLC lifted its position in Taiwan Semiconductor Manufacturing by 162.0% during the 1st quarter. Schear Investment Advisers LLC now owns 8,291 shares of the semiconductor company's stock worth $1,376,000 after acquiring an additional 5,126 shares during the period. Finally, Pittenger & Anderson Inc. lifted its position in Taiwan Semiconductor Manufacturing by 13.8% during the 1st quarter. Pittenger & Anderson Inc. now owns 77,159 shares of the semiconductor company's stock worth $12,808,000 after acquiring an additional 9,327 shares during the period. Hedge funds and other institutional investors own 16.51% of the company's stock.

Analysts Set New Price Targets

A number of analysts have weighed in on TSM shares. Susquehanna increased their price objective 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. Needham & Company LLC increased their price objective on Taiwan Semiconductor Manufacturing from $225.00 to $270.00 and gave the stock a "buy" rating in a research report on Tuesday, July 1st. Barclays reaffirmed an "overweight" rating and set a $240.00 price objective (up from $215.00) on shares of Taiwan Semiconductor Manufacturing in a research report on Tuesday, June 3rd. Finally, Citigroup reaffirmed a "buy" rating on shares of Taiwan Semiconductor Manufacturing in a research report on Thursday, May 22nd. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $233.75.

Taiwan Semiconductor Manufacturing Stock Performance

Shares of TSM stock opened at $230.38 on Monday. The company has a market cap of $1.19 trillion, a price-to-earnings ratio of 29.61, a price-to-earnings-growth ratio of 1.25 and a beta of 1.29. The stock has a 50 day simple moving average of $206.45 and a 200-day simple moving average of $192.31. Taiwan Semiconductor Manufacturing Company Ltd. has a 12-month low of $133.57 and a 12-month high of $237.58. The company has a current ratio of 2.39, a quick ratio of 2.18 and a debt-to-equity ratio of 0.22.

Taiwan Semiconductor Manufacturing (NYSE:TSM - Get Free Report) last released its quarterly earnings data on Thursday, April 17th. The semiconductor company reported $2.12 earnings per share for the quarter, beating the consensus estimate of $2.03 by $0.09. Taiwan Semiconductor Manufacturing had a return on equity of 31.43% and a net margin of 41.67%. The firm had revenue of $25.82 billion during the quarter, compared to the consensus estimate of $834.10 billion. On average, equities analysts forecast that Taiwan Semiconductor Manufacturing Company Ltd. will post 9.2 EPS for the current year.

Taiwan Semiconductor Manufacturing Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 9th. Investors of record on Tuesday, September 16th will be paid a $0.6499 dividend. This represents a $2.60 annualized dividend and a yield of 1.13%. The ex-dividend date of this dividend is Tuesday, September 16th. Taiwan Semiconductor Manufacturing's payout ratio is currently 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.

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