Griffin Asset Management Inc. Acquires 1,772 Shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Griffin Asset Management Inc. increased its holdings in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM - Free Report) by 69.4% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,327 shares of the semiconductor company's stock after purchasing an additional 1,772 shares during the quarter. Griffin Asset Management Inc.'s holdings in Taiwan Semiconductor Manufacturing were worth $718,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in TSM. Price T Rowe Associates Inc. MD boosted its holdings in Taiwan Semiconductor Manufacturing by 67.0% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 10,365,404 shares of the semiconductor company's stock worth $2,047,065,000 after purchasing an additional 4,158,772 shares during the last quarter. FMR LLC lifted its stake in Taiwan Semiconductor Manufacturing by 4.6% in the fourth quarter. FMR LLC now owns 58,547,257 shares of the semiconductor company's stock valued at $11,562,498,000 after acquiring an additional 2,572,488 shares during the last quarter. Sarasin & Partners LLP acquired a new stake in Taiwan Semiconductor Manufacturing in the first quarter valued at $362,773,000. Franklin Resources Inc. lifted its stake in Taiwan Semiconductor Manufacturing by 32.3% in the fourth quarter. Franklin Resources Inc. now owns 8,498,063 shares of the semiconductor company's stock valued at $1,678,283,000 after acquiring an additional 2,074,329 shares during the last quarter. Finally, Northern Trust Corp lifted its stake in Taiwan Semiconductor Manufacturing by 45.2% in the fourth quarter. Northern Trust Corp now owns 6,244,965 shares of the semiconductor company's stock valued at $1,233,318,000 after acquiring an additional 1,944,328 shares during the last quarter. Institutional investors and hedge funds own 16.51% of the company's stock.

Analysts Set New Price Targets

TSM has been the subject of a number of recent analyst reports. Barclays reiterated an "overweight" rating and issued a $240.00 price target (up previously from $215.00) on shares of Taiwan Semiconductor Manufacturing in a research note on Tuesday, June 3rd. Citigroup reiterated a "buy" rating on shares of Taiwan Semiconductor Manufacturing in a research note on Thursday, May 22nd. 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. Finally, Susquehanna reiterated a "positive" rating on shares of Taiwan Semiconductor Manufacturing in a research note on Friday, April 25th. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, Taiwan Semiconductor Manufacturing currently has an average rating of "Moderate Buy" and a consensus price target of $217.00.

Taiwan Semiconductor Manufacturing Stock Performance

Shares of NYSE TSM traded down $4.36 during mid-day trading on Friday, reaching $211.07. 10,138,050 shares of the company were exchanged, compared to its average volume of 15,724,065. The company's 50-day simple moving average is $180.24 and its 200-day simple moving average is $188.72. The company has a quick ratio of 2.30, a current ratio of 2.57 and a debt-to-equity ratio of 0.24. The stock has a market capitalization of $1.09 trillion, a P/E ratio of 29.98, a P/E/G ratio of 0.66 and a beta of 1.27. Taiwan Semiconductor Manufacturing Company Limited has a twelve month low of $133.57 and a twelve month high of $226.40.

Taiwan Semiconductor Manufacturing (NYSE:TSM - Get Free Report) last posted its earnings results on Thursday, April 17th. The semiconductor company reported $2.12 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.03 by $0.09. The company had revenue of $25.82 billion during the quarter, compared to analysts' expectations of $834.10 billion. Taiwan Semiconductor Manufacturing had a net margin of 40.51% and a return on equity of 30.47%. As a group, research analysts predict that Taiwan Semiconductor Manufacturing Company Limited will post 9.2 earnings per share 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. Investors of record on Tuesday, September 16th will be given a dividend of $0.6499 per share. This represents a $2.60 dividend on an annualized basis and a yield of 1.23%. The ex-dividend date is Tuesday, September 16th. Taiwan Semiconductor Manufacturing's dividend payout ratio is 30.46%.

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.