GuoLine Advisory Pte Ltd Acquires New Shares in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

GuoLine Advisory Pte Ltd bought a new position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 73,000 shares of the semiconductor company's stock, valued at approximately $12,118,000. Taiwan Semiconductor Manufacturing accounts for 1.3% of GuoLine Advisory Pte Ltd's holdings, making the stock its 23rd largest holding.

Several other institutional investors and hedge funds also recently modified their holdings of the stock. Summit Global Investments boosted its position in shares of Taiwan Semiconductor Manufacturing by 279.8% in the first quarter. Summit Global Investments now owns 10,829 shares of the semiconductor company's stock worth $1,798,000 after buying an additional 7,978 shares during the period. Tompkins Financial Corp boosted its position in shares of Taiwan Semiconductor Manufacturing by 8.5% in the first quarter. Tompkins Financial Corp now owns 1,272 shares of the semiconductor company's stock worth $211,000 after buying an additional 100 shares during the period. GAMMA Investing LLC boosted its position in shares of Taiwan Semiconductor Manufacturing by 17,658.8% in the first quarter. GAMMA Investing LLC now owns 1,511,098 shares of the semiconductor company's stock worth $250,842,000 after buying an additional 1,502,589 shares during the period. Capital Market Strategies LLC boosted its position in shares of Taiwan Semiconductor Manufacturing by 9.1% in the first quarter. Capital Market Strategies LLC now owns 13,431 shares of the semiconductor company's stock worth $2,230,000 after buying an additional 1,120 shares during the period. Finally, Franchise Capital Ltd purchased a new position in Taiwan Semiconductor Manufacturing in the first quarter valued at about $15,662,000. Hedge funds and other institutional investors own 16.51% of the company's stock.

Wall Street Analyst Weigh In

TSM has been the subject of a number of analyst reports. Needham & Company LLC reissued a "buy" rating and issued a $225.00 price target on shares of Taiwan Semiconductor Manufacturing in a report on Thursday, April 17th. Citigroup reissued a "buy" rating on shares of Taiwan Semiconductor Manufacturing in a report on Thursday, May 22nd. Barclays reissued a "hold" rating on shares of Taiwan Semiconductor Manufacturing in a report on Friday, April 25th. Finally, Susquehanna reissued a "positive" rating on shares of Taiwan Semiconductor Manufacturing in a report on Friday, April 25th. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $212.00.

Taiwan Semiconductor Manufacturing Stock Down 1.9%

NYSE TSM traded down $3.79 on Friday, hitting $193.36. 11,983,485 shares of the stock traded hands, compared to its average volume of 15,876,208. The stock has a 50-day moving average of $171.06 and a 200 day moving average of $187.43. Taiwan Semiconductor Manufacturing Company Limited has a twelve month low of $133.57 and a twelve month high of $226.40. The company has a market capitalization of $1.00 trillion, a P/E ratio of 27.47, a price-to-earnings-growth ratio of 0.66 and a beta of 1.21. The company has a current ratio of 2.57, a quick ratio of 2.30 and a debt-to-equity ratio of 0.24.

Taiwan Semiconductor Manufacturing (NYSE:TSM - Get Free Report) last announced its quarterly earnings data on Thursday, April 17th. The semiconductor company reported $2.12 earnings per share (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 firm had revenue of $25.82 billion for the quarter, compared to analysts' expectations of $834.10 billion. As a group, 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 business also recently declared a quarterly dividend, which will be paid on Thursday, October 9th. Stockholders 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 dividend yield of 1.34%. The ex-dividend date is Tuesday, September 16th. Taiwan Semiconductor Manufacturing's payout ratio is 27.76%.

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.