Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) Stock Position Increased by Bremer Bank National Association

Bremer Bank National Association raised its holdings in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM - Free Report) by 3.4% during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 59,832 shares of the semiconductor company's stock after acquiring an additional 1,977 shares during the quarter. Taiwan Semiconductor Manufacturing makes up 1.8% of Bremer Bank National Association's holdings, making the stock its 10th largest holding. Bremer Bank National Association's holdings in Taiwan Semiconductor Manufacturing were worth $9,932,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the business. McHugh Group LLC bought a new stake in Taiwan Semiconductor Manufacturing during the 4th quarter valued at about $605,000. Guardian Partners Inc. purchased a new position in shares of Taiwan Semiconductor Manufacturing during the fourth quarter worth approximately $9,222,000. Hardman Johnston Global Advisors LLC raised its stake in shares of Taiwan Semiconductor Manufacturing by 7.6% during the fourth quarter. Hardman Johnston Global Advisors LLC now owns 381,432 shares of the semiconductor company's stock valued at $75,329,000 after acquiring an additional 26,847 shares in the last quarter. Generate Investment Management Ltd raised its stake in shares of Taiwan Semiconductor Manufacturing by 90.4% during the fourth quarter. Generate Investment Management Ltd now owns 193,676 shares of the semiconductor company's stock valued at $38,249,000 after acquiring an additional 91,977 shares in the last quarter. Finally, Pinnacle Investment Management Ltd purchased a new stake in shares of Taiwan Semiconductor Manufacturing in the fourth quarter valued at approximately $26,661,000. 16.51% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

TSM has been the topic of several research reports. Needham & Company LLC restated a "buy" rating and set a $225.00 price objective on shares of Taiwan Semiconductor Manufacturing in a report on Thursday, April 17th. Citigroup restated a "buy" rating on shares of Taiwan Semiconductor Manufacturing in a research note on Thursday, May 22nd. Barclays upped their price objective on shares of Taiwan Semiconductor Manufacturing from $215.00 to $240.00 and gave the stock an "overweight" rating in a research note on Tuesday. Finally, Susquehanna reissued a "positive" rating on shares of Taiwan Semiconductor Manufacturing in a research report on Friday, April 25th. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $217.00.

Taiwan Semiconductor Manufacturing Stock Up 2.4%

TSM stock traded up $4.78 on Wednesday, hitting $202.39. 13,506,692 shares of the company's stock were exchanged, compared to its average volume of 15,828,363. The firm has a 50 day moving average price of $172.06 and a two-hundred day moving average price of $187.56. The company has a debt-to-equity ratio of 0.24, a quick ratio of 2.30 and a current ratio of 2.57. Taiwan Semiconductor Manufacturing Company Limited has a 12-month low of $133.57 and a 12-month high of $226.40. The stock has a market cap of $1.05 trillion, a P/E ratio of 28.75, a price-to-earnings-growth ratio of 0.66 and a beta of 1.21.

Taiwan Semiconductor Manufacturing (NYSE:TSM - Get Free Report) last posted its quarterly earnings data 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 40.51% and a return on equity of 30.47%. As a group, equities research analysts expect 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. Investors of record on Tuesday, September 16th will be issued a dividend of $0.6499 per share. The ex-dividend date is Tuesday, September 16th. This represents a $2.60 annualized dividend and a dividend yield of 1.28%. Taiwan Semiconductor Manufacturing's dividend payout ratio (DPR) is presently 30.46%.

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.