California First Leasing Corp Raises Stock Holdings in Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM)

California First Leasing Corp raised its stake in Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM - Free Report) by 9.0% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 33,950 shares of the semiconductor company's stock after buying an additional 2,800 shares during the quarter. Taiwan Semiconductor Manufacturing comprises about 2.5% of California First Leasing Corp's portfolio, making the stock its 15th biggest holding. California First Leasing Corp's holdings in Taiwan Semiconductor Manufacturing were worth $5,636,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently bought and sold shares of TSM. Brighton Jones LLC grew its stake in shares of Taiwan Semiconductor Manufacturing by 20.9% in the fourth quarter. Brighton Jones LLC now owns 10,930 shares of the semiconductor company's stock valued at $2,159,000 after buying an additional 1,892 shares in the last quarter. Victory Capital Management Inc. boosted its holdings in Taiwan Semiconductor Manufacturing by 15.3% during the 4th quarter. Victory Capital Management Inc. now owns 120,618 shares of the semiconductor company's stock valued at $23,821,000 after acquiring an additional 15,961 shares during the period. Proficio Capital Partners LLC grew its position in Taiwan Semiconductor Manufacturing by 29.8% in the 4th quarter. Proficio Capital Partners LLC now owns 1,868 shares of the semiconductor company's stock valued at $369,000 after acquiring an additional 429 shares in the last quarter. Cullen Frost Bankers Inc. grew its position in Taiwan Semiconductor Manufacturing by 9.4% in the 4th quarter. Cullen Frost Bankers Inc. now owns 1,294 shares of the semiconductor company's stock valued at $255,000 after acquiring an additional 111 shares in the last quarter. Finally, Ashton Thomas Private Wealth LLC increased its stake in Taiwan Semiconductor Manufacturing by 165.7% during the fourth quarter. Ashton Thomas Private Wealth LLC now owns 10,427 shares of the semiconductor company's stock worth $2,066,000 after purchasing an additional 6,502 shares during the period. Hedge funds and other institutional investors own 16.51% of the company's stock.

Wall Street Analyst Weigh In

TSM has been the subject of several recent research reports. Citigroup reissued a "buy" rating on shares of Taiwan Semiconductor Manufacturing in a research note on Thursday, May 22nd. Needham & Company LLC raised their price target on shares of Taiwan Semiconductor Manufacturing from $225.00 to $270.00 and gave the company a "buy" rating in a research report on Tuesday, July 1st. Barclays restated 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 increased their price objective on Taiwan Semiconductor Manufacturing from $250.00 to $255.00 and gave the company a "positive" rating in a research note on Tuesday, June 17th. 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 company currently has a consensus rating of "Moderate Buy" and a consensus target price of $233.75.

Taiwan Semiconductor Manufacturing Stock Up 0.8%

Shares of NYSE:TSM opened at $235.49 on Monday. Taiwan Semiconductor Manufacturing Company Ltd. has a fifty-two week low of $133.57 and a fifty-two week high of $237.58. The firm's 50 day moving average price is $200.39 and its 200 day moving average price is $191.41. The company has a quick ratio of 2.18, a current ratio of 2.39 and a debt-to-equity ratio of 0.22. The stock has a market cap of $1.22 trillion, a price-to-earnings ratio of 30.27, a price-to-earnings-growth ratio of 1.22 and a beta of 1.29.

Taiwan Semiconductor Manufacturing (NYSE:TSM - Get Free Report) last announced its quarterly earnings data on Thursday, April 17th. The semiconductor company reported $2.12 EPS for the quarter, beating analysts' consensus estimates of $2.03 by $0.09. Taiwan Semiconductor Manufacturing had a net margin of 41.67% and a return on equity of 31.43%. The company had revenue of $25.82 billion for the quarter, compared to the consensus estimate of $834.10 billion. As a group, equities research analysts predict that Taiwan Semiconductor Manufacturing Company Ltd. will post 9.2 earnings per share 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 $0.6499 dividend. This represents a $2.60 annualized dividend and a yield of 1.10%. The ex-dividend date of this dividend is Tuesday, September 16th. Taiwan Semiconductor Manufacturing's dividend payout ratio (DPR) is presently 30.59%.

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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