Davidson Investment Advisors Increases Position in Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM)

Davidson Investment Advisors boosted its holdings in Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM - Free Report) by 88.6% in the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 181,032 shares of the semiconductor company's stock after purchasing an additional 85,038 shares during the period. Taiwan Semiconductor Manufacturing comprises 1.5% of Davidson Investment Advisors' portfolio, making the stock its 18th largest position. Davidson Investment Advisors' holdings in Taiwan Semiconductor Manufacturing were worth $30,051,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of TSM. Beverly Hills Private Wealth LLC raised its holdings in Taiwan Semiconductor Manufacturing by 2.3% in the first quarter. Beverly Hills Private Wealth LLC now owns 29,478 shares of the semiconductor company's stock valued at $4,893,000 after acquiring an additional 675 shares in the last quarter. Interchange Capital Partners LLC grew its stake in Taiwan Semiconductor Manufacturing by 17.6% in the first quarter. Interchange Capital Partners LLC now owns 6,514 shares of the semiconductor company's stock worth $1,081,000 after purchasing an additional 977 shares in the last quarter. Crossmark Global Holdings Inc. increased its holdings in Taiwan Semiconductor Manufacturing by 0.9% in the first quarter. Crossmark Global Holdings Inc. now owns 312,559 shares of the semiconductor company's stock valued at $51,885,000 after buying an additional 2,659 shares during the last quarter. U.S. Capital Wealth Advisors LLC raised its stake in Taiwan Semiconductor Manufacturing by 5.5% during the first quarter. U.S. Capital Wealth Advisors LLC now owns 22,258 shares of the semiconductor company's stock valued at $3,695,000 after buying an additional 1,164 shares in the last quarter. Finally, Jordan Park Group LLC bought a new position in Taiwan Semiconductor Manufacturing during the 1st quarter worth approximately $14,863,000. Institutional investors and hedge funds own 16.51% of the company's stock.

Taiwan Semiconductor Manufacturing Price Performance

Shares of TSM opened at $235.49 on Monday. The firm has a market capitalization of $1.22 trillion, a price-to-earnings ratio of 30.27, a price-to-earnings-growth ratio of 1.22 and a beta of 1.29. The stock's fifty day moving average is $200.39 and its 200-day moving average is $191.41. Taiwan Semiconductor Manufacturing Company Ltd. has a one year low of $133.57 and a one year 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.

Taiwan Semiconductor Manufacturing (NYSE:TSM - Get Free Report) last released its quarterly earnings results on Thursday, April 17th. The semiconductor company reported $2.12 EPS for the quarter, topping 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 company had revenue of $25.82 billion for the quarter, compared to the consensus estimate of $834.10 billion. Equities analysts anticipate that Taiwan Semiconductor Manufacturing Company Ltd. will post 9.2 EPS for the current year.

Taiwan Semiconductor Manufacturing Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 9th. Shareholders of record on Tuesday, September 16th will be given a $0.6499 dividend. This represents a $2.60 annualized dividend and a yield of 1.10%. The ex-dividend date of this dividend is Tuesday, September 16th. Taiwan Semiconductor Manufacturing's dividend payout ratio (DPR) is presently 30.59%.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on TSM. Barclays reissued an "overweight" rating and set a $240.00 price target (up from $215.00) on shares of Taiwan Semiconductor Manufacturing in a research report on Tuesday, June 3rd. Citigroup restated a "buy" rating on shares of Taiwan Semiconductor Manufacturing in a research report on Thursday, May 22nd. Susquehanna raised their target price 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. Finally, Needham & Company LLC increased their target price on Taiwan Semiconductor Manufacturing from $225.00 to $270.00 and gave the stock 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 issued a buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $233.75.

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.

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