Callahan Advisors LLC Buys 1,918 Shares of Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM)

Callahan Advisors LLC lifted its stake in shares of Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM - Free Report) by 18.6% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 12,237 shares of the semiconductor company's stock after acquiring an additional 1,918 shares during the quarter. Callahan Advisors LLC's holdings in Taiwan Semiconductor Manufacturing were worth $2,031,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also added to or reduced their stakes in the business. Brighton Jones LLC grew its stake in 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 acquiring an additional 1,892 shares during the period. Proficio Capital Partners LLC grew its stake in Taiwan Semiconductor Manufacturing by 29.8% in the fourth 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 during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Taiwan Semiconductor Manufacturing by 8.8% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 50,053 shares of the semiconductor company's stock valued at $9,885,000 after acquiring an additional 4,048 shares during the period. Inspire Advisors LLC grew its stake in Taiwan Semiconductor Manufacturing by 24.6% in the fourth quarter. Inspire Advisors LLC now owns 1,606 shares of the semiconductor company's stock valued at $317,000 after acquiring an additional 317 shares during the period. Finally, Summit X LLC grew its stake in Taiwan Semiconductor Manufacturing by 37.4% in the fourth quarter. Summit X LLC now owns 1,777 shares of the semiconductor company's stock valued at $351,000 after acquiring an additional 484 shares during the period. Institutional investors and hedge funds own 16.51% of the company's stock.

Taiwan Semiconductor Manufacturing Price Performance

Taiwan Semiconductor Manufacturing stock traded down $1.67 during midday trading on Monday, hitting $228.73. 10,660,913 shares of the company's stock were exchanged, compared to its average volume of 15,252,987. Taiwan Semiconductor Manufacturing Company Ltd. has a 52-week low of $133.57 and a 52-week high of $237.58. The stock has a 50-day moving average price of $206.45 and a two-hundred day moving average price of $192.31. The company has a debt-to-equity ratio of 0.22, a quick ratio of 2.18 and a current ratio of 2.39. The company has a market cap of $1.19 trillion, a P/E ratio of 29.40, a PEG ratio of 1.25 and a beta of 1.29.

Taiwan Semiconductor Manufacturing (NYSE:TSM - Get Free Report) last posted its quarterly earnings data on Thursday, April 17th. The semiconductor company reported $2.12 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 analysts' expectations of $834.10 billion. On average, equities research analysts forecast that Taiwan Semiconductor Manufacturing Company Ltd. will post 9.2 earnings per share for the current year.

Taiwan Semiconductor Manufacturing Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 9th. Stockholders of record on Tuesday, September 16th will be paid a $0.6499 dividend. This represents a $2.60 dividend on an annualized basis and a dividend yield of 1.14%. The ex-dividend date is Tuesday, September 16th. Taiwan Semiconductor Manufacturing's dividend payout ratio (DPR) is presently 31.75%.

Wall Street Analysts Forecast Growth

TSM has been the topic of several analyst reports. Barclays reaffirmed an "overweight" rating and set a $240.00 target price (up previously from $215.00) on shares of Taiwan Semiconductor Manufacturing in a research report on Tuesday, June 3rd. Susquehanna lifted their target price on Taiwan Semiconductor Manufacturing from $255.00 to $265.00 and gave the company a "positive" rating in a research report on Monday. Citigroup reaffirmed a "buy" rating on shares of Taiwan Semiconductor Manufacturing in a research report on Thursday, May 22nd. Finally, Needham & Company LLC lifted their target price on Taiwan Semiconductor Manufacturing from $225.00 to $270.00 and gave the company a "buy" rating in a research report on Tuesday, July 1st. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $236.25.

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.