Garde Capital Inc. Increases Stock Position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Garde Capital Inc. raised its stake in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM - Free Report) by 50.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 9,411 shares of the semiconductor company's stock after purchasing an additional 3,165 shares during the quarter. Garde Capital Inc.'s holdings in Taiwan Semiconductor Manufacturing were worth $1,859,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Stonebridge Financial Group LLC purchased a new stake in shares of Taiwan Semiconductor Manufacturing in the 4th quarter worth about $25,000. IMG Wealth Management Inc. purchased a new stake in shares of Taiwan Semiconductor Manufacturing in the 4th quarter worth about $26,000. Hopwood Financial Services Inc. purchased a new stake in shares of Taiwan Semiconductor Manufacturing in the 4th quarter worth about $27,000. Accredited Wealth Management LLC purchased a new stake in shares of Taiwan Semiconductor Manufacturing in the 4th quarter worth about $31,000. Finally, Roxbury Financial LLC purchased a new stake in shares of Taiwan Semiconductor Manufacturing in the 4th quarter worth about $29,000. 16.51% of the stock is owned by hedge funds and other institutional investors.

Taiwan Semiconductor Manufacturing Stock Down 0.7%

TSM stock traded down $1.42 during trading on Wednesday, hitting $196.26. 17,530,929 shares of the stock traded hands, compared to its average volume of 15,863,113. 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 $170.10 and its two-hundred day moving average is $187.33. The stock has a market cap of $1.02 trillion, a price-to-earnings ratio of 27.88, a price-to-earnings-growth ratio of 0.66 and a beta of 1.21. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.57 and a quick ratio of 2.30.

Taiwan Semiconductor Manufacturing (NYSE:TSM - Get Free Report) last announced its quarterly earnings results on Thursday, April 17th. The semiconductor company reported $2.12 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.03 by $0.09. The firm had revenue of $25.82 billion for the quarter, compared to the consensus estimate of $834.10 billion. Taiwan Semiconductor Manufacturing had a net margin of 40.51% and a return on equity of 30.47%. On average, sell-side analysts anticipate that Taiwan Semiconductor Manufacturing Company Limited will post 9.2 EPS for the current year.

Taiwan Semiconductor Manufacturing Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 9th. Stockholders of record on Tuesday, September 16th will be issued a dividend of $0.6499 per share. This represents a $2.60 dividend on an annualized basis and a dividend yield of 1.32%. The ex-dividend date of this dividend is Tuesday, September 16th. Taiwan Semiconductor Manufacturing's payout ratio is presently 27.76%.

Analyst Ratings Changes

A number of analysts have recently weighed in on TSM shares. Needham & Company LLC reaffirmed a "buy" rating and issued a $225.00 target price on shares of Taiwan Semiconductor Manufacturing in a research report on Thursday, April 17th. Barclays reaffirmed a "hold" rating on shares of Taiwan Semiconductor Manufacturing in a research report on Friday, April 25th. Citigroup reissued a "buy" rating on shares of Taiwan Semiconductor Manufacturing in a research report on Thursday, May 22nd. Susquehanna reissued a "positive" rating on shares of Taiwan Semiconductor Manufacturing in a research report on Friday, April 25th. Finally, Wall Street Zen downgraded shares of Taiwan Semiconductor Manufacturing from a "buy" rating to a "hold" rating in a research report on Tuesday, January 28th. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $212.00.

Taiwan Semiconductor Manufacturing Company 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.