CapWealth Advisors LLC Purchases 1,560 Shares of Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM)

CapWealth Advisors LLC increased its position in shares of Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM - Free Report) by 1.4% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 112,343 shares of the semiconductor company's stock after purchasing an additional 1,560 shares during the period. Taiwan Semiconductor Manufacturing makes up 2.0% of CapWealth Advisors LLC's portfolio, making the stock its 20th largest holding. CapWealth Advisors LLC's holdings in Taiwan Semiconductor Manufacturing were worth $18,649,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in TSM. Brighton Jones LLC boosted its stake in shares of Taiwan Semiconductor Manufacturing by 20.9% during the 4th quarter. Brighton Jones LLC now owns 10,930 shares of the semiconductor company's stock worth $2,159,000 after purchasing an additional 1,892 shares during the period. Victory Capital Management Inc. lifted 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 buying an additional 15,961 shares in the last quarter. Proficio Capital Partners LLC lifted its holdings in Taiwan Semiconductor Manufacturing by 29.8% during the 4th quarter. Proficio Capital Partners LLC now owns 1,868 shares of the semiconductor company's stock valued at $369,000 after buying an additional 429 shares in the last quarter. Argentarii LLC bought a new stake in Taiwan Semiconductor Manufacturing during the 4th quarter valued at about $240,000. Finally, BOK Financial Private Wealth Inc. lifted its holdings in Taiwan Semiconductor Manufacturing by 22.8% during the 4th 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. 16.51% of the stock is owned by hedge funds and other institutional investors.

Taiwan Semiconductor Manufacturing Stock Up 0.3%

Shares of NYSE:TSM traded up $0.62 during trading hours on Friday, hitting $230.38. The company's stock had a trading volume of 8,805,986 shares, compared to its average volume of 15,287,141. Taiwan Semiconductor Manufacturing Company Ltd. has a 52 week low of $133.57 and a 52 week high of $237.58. The company has a debt-to-equity ratio of 0.22, a current ratio of 2.39 and a quick ratio of 2.18. The company has a market capitalization of $1.19 trillion, a price-to-earnings ratio of 29.61, a P/E/G ratio of 1.24 and a beta of 1.29. The firm's fifty day moving average price is $206.45 and its 200 day moving average price is $192.48.

Taiwan Semiconductor Manufacturing (NYSE:TSM - Get Free Report) last posted its quarterly earnings results on Thursday, April 17th. The semiconductor company reported $2.12 EPS for the quarter, beating the consensus estimate 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 business had revenue of $25.82 billion during the quarter, compared to analyst estimates of $834.10 billion. As a group, research analysts expect 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 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 (DPR) is presently 31.75%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on TSM shares. Barclays reiterated an "overweight" rating and set a $240.00 price objective (up previously from $215.00) on shares of Taiwan Semiconductor Manufacturing in a report on Tuesday, June 3rd. Needham & Company LLC lifted their price objective on shares of Taiwan Semiconductor Manufacturing from $225.00 to $270.00 and gave the company a "buy" rating in a report on Tuesday, July 1st. Citigroup reiterated a "buy" rating on shares of Taiwan Semiconductor Manufacturing in a report on Thursday, May 22nd. Finally, Susquehanna lifted their price objective on shares of Taiwan Semiconductor Manufacturing from $250.00 to $255.00 and gave the company a "positive" rating in a report on Tuesday, June 17th. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $233.75.

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.