Capital Advisors Inc. OK Grows Holdings in Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM)

Capital Advisors Inc. OK raised its position in Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM - Free Report) by 104.9% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 6,961 shares of the semiconductor company's stock after purchasing an additional 3,563 shares during the quarter. Capital Advisors Inc. OK's holdings in Taiwan Semiconductor Manufacturing were worth $1,155,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Brighton Jones LLC boosted its stake in Taiwan Semiconductor Manufacturing by 20.9% during the fourth quarter. Brighton Jones LLC now owns 10,930 shares of the semiconductor company's stock worth $2,159,000 after buying an additional 1,892 shares during the period. Victory Capital Management Inc. boosted its position in shares of 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 worth $23,821,000 after purchasing an additional 15,961 shares during the period. Proficio Capital Partners LLC lifted its stake in Taiwan Semiconductor Manufacturing by 29.8% during the fourth quarter. Proficio Capital Partners LLC now owns 1,868 shares of the semiconductor company's stock worth $369,000 after purchasing an additional 429 shares in the last quarter. Argentarii LLC purchased a new position in shares of Taiwan Semiconductor Manufacturing during the fourth quarter worth $240,000. Finally, BOK Financial Private Wealth Inc. grew its stake in shares of Taiwan Semiconductor Manufacturing by 22.8% in the fourth quarter. BOK Financial Private Wealth Inc. now owns 479 shares of the semiconductor company's stock valued at $95,000 after buying an additional 89 shares in the last quarter. Institutional investors and hedge funds own 16.51% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on TSM shares. 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. Susquehanna upped their target price on shares of Taiwan Semiconductor Manufacturing from $250.00 to $255.00 and gave the stock a "positive" rating in a research note on Tuesday, June 17th. Barclays reissued an "overweight" rating and issued a $240.00 price target (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 analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $233.75.

Taiwan Semiconductor Manufacturing Price Performance

TSM traded down $2.06 on Thursday, hitting $229.78. 9,889,464 shares of the company were exchanged, compared to its average volume of 15,341,858. Taiwan Semiconductor Manufacturing Company Ltd. has a fifty-two week low of $133.57 and a fifty-two week high of $237.58. 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 firm has a market capitalization of $1.19 trillion, a P/E ratio of 29.53, a price-to-earnings-growth ratio of 1.24 and a beta of 1.29. The business's fifty day moving average is $204.28 and its 200 day moving average is $192.16.

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. The firm had revenue of $25.82 billion during the quarter, compared to the consensus estimate of $834.10 billion. Taiwan Semiconductor Manufacturing had a return on equity of 31.43% and a net margin of 41.67%. As a group, sell-side analysts anticipate that Taiwan Semiconductor Manufacturing Company Ltd. will post 9.2 EPS for the current year.

Taiwan Semiconductor Manufacturing Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 9th. Investors of record on Tuesday, September 16th will be given 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 1.13%. Taiwan Semiconductor Manufacturing's dividend payout ratio is currently 31.75%.

Taiwan Semiconductor Manufacturing 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.