Eagle Strategies LLC Has $1.67 Million Position in Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM)

Eagle Strategies LLC lessened its position in Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM - Free Report) by 37.6% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 10,073 shares of the semiconductor company's stock after selling 6,067 shares during the period. Eagle Strategies LLC's holdings in Taiwan Semiconductor Manufacturing were worth $1,672,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the company. Park Capital Management LLC WI increased its position in shares of Taiwan Semiconductor Manufacturing by 35.9% during the first quarter. Park Capital Management LLC WI now owns 2,107 shares of the semiconductor company's stock worth $350,000 after acquiring an additional 557 shares in the last quarter. CV Advisors LLC bought a new position in Taiwan Semiconductor Manufacturing in the first quarter valued at $216,000. XML Financial LLC grew its position in Taiwan Semiconductor Manufacturing by 3.2% in the first quarter. XML Financial LLC now owns 2,746 shares of the semiconductor company's stock valued at $456,000 after purchasing an additional 86 shares in the last quarter. JFS Wealth Advisors LLC grew its position in Taiwan Semiconductor Manufacturing by 4.0% in the first quarter. JFS Wealth Advisors LLC now owns 2,463 shares of the semiconductor company's stock valued at $409,000 after purchasing an additional 95 shares in the last quarter. Finally, Brown Lisle Cummings Inc. grew its position in Taiwan Semiconductor Manufacturing by 11.7% in the first quarter. Brown Lisle Cummings Inc. now owns 2,380 shares of the semiconductor company's stock valued at $395,000 after purchasing an additional 250 shares in the last quarter. Institutional investors own 16.51% of the company's stock.

Taiwan Semiconductor Manufacturing Trading Down 1.8%

Shares of Taiwan Semiconductor Manufacturing stock opened at $209.71 on Monday. The firm's 50 day moving average is $186.25 and its 200 day moving average is $189.40. The company has a current ratio of 2.39, a quick ratio of 2.18 and a debt-to-equity ratio of 0.22. Taiwan Semiconductor Manufacturing Company Ltd. has a 1 year low of $133.57 and a 1 year high of $226.40. The firm has a market capitalization of $1.09 trillion, a PE ratio of 26.96, a price-to-earnings-growth ratio of 1.08 and a beta of 1.27.

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

Taiwan Semiconductor Manufacturing Cuts Dividend

The firm also recently announced 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. The ex-dividend date of this dividend is Tuesday, September 16th. This represents a $2.60 annualized dividend and a yield of 1.24%. Taiwan Semiconductor Manufacturing's dividend payout ratio is presently 30.59%.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on TSM. Susquehanna raised their target price 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. Needham & Company LLC reiterated a "buy" rating and issued a $225.00 price target on shares of Taiwan Semiconductor Manufacturing in a research note on Thursday, April 17th. Citigroup reiterated a "buy" rating on shares of Taiwan Semiconductor Manufacturing in a research note on Thursday, May 22nd. Finally, Barclays restated an "overweight" rating and set a $240.00 target price (up previously from $215.00) on shares of Taiwan Semiconductor Manufacturing in a research note on Tuesday, June 3rd. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat, Taiwan Semiconductor Manufacturing currently has an average rating of "Moderate Buy" and a consensus price target of $222.50.

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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