CV Advisors LLC Invests $216,000 in Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM)

CV Advisors LLC bought a new position in shares of Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM - Free Report) in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 1,300 shares of the semiconductor company's stock, valued at approximately $216,000.

Other institutional investors also recently modified their holdings of the company. Guardian Partners Inc. purchased a new stake in shares of Taiwan Semiconductor Manufacturing during the fourth quarter worth about $9,222,000. Hardman Johnston Global Advisors LLC boosted its holdings 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 worth $75,329,000 after purchasing an additional 26,847 shares during the period. Pinnacle Investment Management Ltd purchased a new stake in Taiwan Semiconductor Manufacturing in the fourth quarter worth about $26,661,000. Alphinity Investment Management Pty Ltd purchased a new stake in Taiwan Semiconductor Manufacturing in the fourth quarter worth about $349,241,000. Finally, BankPlus Trust Department purchased a new stake in Taiwan Semiconductor Manufacturing in the fourth quarter worth about $1,509,000. 16.51% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

TSM has been the subject of several research analyst reports. Susquehanna raised their price objective on shares of Taiwan Semiconductor Manufacturing from $250.00 to $255.00 and gave the stock a "positive" rating in a report on Tuesday, June 17th. Barclays restated an "overweight" rating and issued a $240.00 price objective (up from $215.00) on shares of Taiwan Semiconductor Manufacturing in a report on Tuesday, June 3rd. Citigroup restated a "buy" rating on shares of Taiwan Semiconductor Manufacturing in a report on Thursday, May 22nd. Finally, Needham & Company LLC restated a "buy" rating and issued a $225.00 price objective on shares of Taiwan Semiconductor Manufacturing in a report on Thursday, April 17th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to MarketBeat.com, Taiwan Semiconductor Manufacturing presently has an average rating of "Moderate Buy" and a consensus target price of $222.50.

Taiwan Semiconductor Manufacturing Price Performance

Shares of NYSE TSM opened at $209.71 on Monday. Taiwan Semiconductor Manufacturing Company Ltd. has a fifty-two week low of $133.57 and a fifty-two week high of $226.40. The company has a 50 day simple moving average of $186.25 and a two-hundred day simple moving average of $189.40. The company has a market capitalization of $1.09 trillion, a price-to-earnings ratio of 26.96, a P/E/G ratio of 1.08 and a beta of 1.27. The company has a debt-to-equity ratio of 0.22, a quick ratio of 2.18 and a current ratio of 2.39.

Taiwan Semiconductor Manufacturing (NYSE:TSM - Get Free Report) last announced its earnings results on Thursday, April 17th. The semiconductor company reported $2.12 earnings per share 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 business had revenue of $25.82 billion during the quarter, compared to the consensus estimate of $834.10 billion. Analysts expect that Taiwan Semiconductor Manufacturing Company Ltd. will post 9.2 EPS for the current fiscal year.

Taiwan Semiconductor Manufacturing Cuts Dividend

The company also recently declared 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. This represents a $2.60 annualized dividend and a dividend yield of 1.24%. The ex-dividend date of this dividend is Tuesday, September 16th. Taiwan Semiconductor Manufacturing's dividend payout ratio (DPR) is currently 30.59%.

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.

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