Dover Advisors LLC Has $2.34 Million Stock Position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Dover Advisors LLC increased its holdings in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM - Free Report) by 9.2% in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 14,060 shares of the semiconductor company's stock after purchasing an additional 1,189 shares during the quarter. Taiwan Semiconductor Manufacturing accounts for 1.0% of Dover Advisors LLC's holdings, making the stock its 28th biggest position. Dover Advisors LLC's holdings in Taiwan Semiconductor Manufacturing were worth $2,344,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of TSM. Avaii Wealth Management LLC grew its stake in shares of Taiwan Semiconductor Manufacturing by 8.1% during the 1st quarter. Avaii Wealth Management LLC now owns 1,888 shares of the semiconductor company's stock worth $313,000 after acquiring an additional 142 shares in the last quarter. CRA Financial Services LLC grew its stake in shares of Taiwan Semiconductor Manufacturing by 41.0% during the 1st quarter. CRA Financial Services LLC now owns 1,557 shares of the semiconductor company's stock worth $258,000 after acquiring an additional 453 shares in the last quarter. Viewpoint Investment Partners Corp bought a new position in shares of Taiwan Semiconductor Manufacturing during the 1st quarter worth approximately $277,000. Farmers & Merchants Investments Inc. grew its stake in shares of Taiwan Semiconductor Manufacturing by 11.0% during the 1st quarter. Farmers & Merchants Investments Inc. now owns 96,489 shares of the semiconductor company's stock worth $16,017,000 after acquiring an additional 9,527 shares in the last quarter. Finally, Stock Yards Bank & Trust Co. grew its stake in shares of Taiwan Semiconductor Manufacturing by 49.7% during the 1st quarter. Stock Yards Bank & Trust Co. now owns 6,480 shares of the semiconductor company's stock worth $1,076,000 after acquiring an additional 2,150 shares in the last quarter. 16.51% of the stock is owned by institutional investors.

Analyst Ratings Changes

TSM has been the subject of several research reports. Barclays reaffirmed an "overweight" rating and set a $240.00 price target (up from $215.00) on shares of Taiwan Semiconductor Manufacturing in a research note on Tuesday, June 3rd. Citigroup reaffirmed a "buy" rating on shares of Taiwan Semiconductor Manufacturing in a research note on Thursday, May 22nd. Needham & Company LLC reaffirmed a "buy" rating and set a $225.00 price target on shares of Taiwan Semiconductor Manufacturing in a research note on Thursday, April 17th. Finally, Susquehanna reaffirmed a "positive" rating on shares of Taiwan Semiconductor Manufacturing in a research note on Friday, April 25th. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $217.00.

Taiwan Semiconductor Manufacturing Stock Down 2.0%

Shares of NYSE TSM traded down $4.36 during trading hours on Friday, hitting $211.07. The company had a trading volume of 10,138,050 shares, compared to its average volume of 15,724,065. The stock has a market capitalization of $1.09 trillion, a P/E ratio of 29.98, a price-to-earnings-growth ratio of 0.66 and a beta of 1.27. The company has a quick ratio of 2.30, a current ratio of 2.57 and a debt-to-equity ratio of 0.24. Taiwan Semiconductor Manufacturing Company Limited has a 1-year low of $133.57 and a 1-year high of $226.40. The firm's 50 day moving average is $180.24 and its 200-day moving average is $188.72.

Taiwan Semiconductor Manufacturing (NYSE:TSM - Get Free Report) last released its quarterly earnings data 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 return on equity of 30.47% and a net margin of 40.51%. The company had revenue of $25.82 billion during the quarter, compared to the consensus estimate of $834.10 billion. On average, analysts expect that Taiwan Semiconductor Manufacturing Company Limited will post 9.2 earnings per share for the current fiscal 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 issued a dividend of $0.6499 per share. This represents a $2.60 annualized dividend and a yield of 1.23%. The ex-dividend date is Tuesday, September 16th. Taiwan Semiconductor Manufacturing's dividend payout ratio is 30.46%.

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.