Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM) Shares Acquired by D.A. Davidson & CO.

D.A. Davidson & CO. increased its holdings in shares of Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM - Free Report) by 15.0% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 47,932 shares of the semiconductor company's stock after purchasing an additional 6,255 shares during the quarter. D.A. Davidson & CO.'s holdings in Taiwan Semiconductor Manufacturing were worth $7,957,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Rosenberg Matthew Hamilton boosted its holdings in shares of Taiwan Semiconductor Manufacturing by 4.9% in the 1st quarter. Rosenberg Matthew Hamilton now owns 4,647 shares of the semiconductor company's stock valued at $771,000 after buying an additional 216 shares in the last quarter. Principal Financial Group Inc. lifted its position in Taiwan Semiconductor Manufacturing by 74.0% in the first quarter. Principal Financial Group Inc. now owns 2,603,108 shares of the semiconductor company's stock valued at $432,116,000 after acquiring an additional 1,106,695 shares during the last quarter. Mutual Advisors LLC boosted its stake in Taiwan Semiconductor Manufacturing by 22.5% in the first quarter. Mutual Advisors LLC now owns 9,077 shares of the semiconductor company's stock valued at $1,499,000 after acquiring an additional 1,665 shares in the last quarter. Gutierrez Wealth Advisory LLC grew its holdings in shares of Taiwan Semiconductor Manufacturing by 5.3% during the first quarter. Gutierrez Wealth Advisory LLC now owns 1,674 shares of the semiconductor company's stock worth $278,000 after purchasing an additional 85 shares during the last quarter. Finally, Resonant Capital Advisors LLC grew its holdings in shares of Taiwan Semiconductor Manufacturing by 11.3% during the first quarter. Resonant Capital Advisors LLC now owns 3,631 shares of the semiconductor company's stock worth $605,000 after purchasing an additional 368 shares during the last quarter. 16.51% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the company. Citigroup reissued a "buy" rating on shares of Taiwan Semiconductor Manufacturing in a report on Thursday, May 22nd. Barclays reissued 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. Needham & Company LLC lifted their target price 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. Finally, Susquehanna upped their price target on shares of Taiwan Semiconductor Manufacturing from $250.00 to $255.00 and gave the company a "positive" rating in a research report on Tuesday, June 17th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, Taiwan Semiconductor Manufacturing presently has a consensus rating of "Moderate Buy" and a consensus target price of $233.75.

Taiwan Semiconductor Manufacturing Stock Performance

Taiwan Semiconductor Manufacturing stock traded down $1.37 during mid-day trading on Tuesday, reaching $227.80. 8,838,519 shares of the company were exchanged, compared to its average volume of 15,404,869. The firm's 50-day simple moving average is $202.98 and its two-hundred day simple moving average is $191.89. Taiwan Semiconductor Manufacturing Company Ltd. has a twelve month low of $133.57 and a twelve month high of $237.58. The firm has a market cap of $1.18 trillion, a PE ratio of 29.28, a price-to-earnings-growth ratio of 1.19 and a beta of 1.29. 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 issued its quarterly earnings results on Thursday, April 17th. The semiconductor company reported $2.12 earnings per share for the quarter, topping 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%. Equities 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 company also recently declared a quarterly dividend, which will be paid on Thursday, October 9th. Stockholders 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 dividend on an annualized basis and a dividend yield of 1.14%. Taiwan Semiconductor Manufacturing's dividend payout ratio (DPR) is 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.