Hamilton Capital Partners LLC Boosts Holdings in Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM)

Hamilton Capital Partners LLC lifted its position in shares of Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM - Free Report) by 28.7% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 18,948 shares of the semiconductor company's stock after purchasing an additional 4,228 shares during the period. Taiwan Semiconductor Manufacturing comprises 2.0% of Hamilton Capital Partners LLC's portfolio, making the stock its 13th largest position. Hamilton Capital Partners LLC's holdings in Taiwan Semiconductor Manufacturing were worth $3,146,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Tallon Kerry Patrick purchased a new position in shares of Taiwan Semiconductor Manufacturing during the 4th quarter valued at approximately $228,000. LaFleur & Godfrey LLC bought a new stake in shares of Taiwan Semiconductor Manufacturing in the fourth quarter worth $221,000. Brighton Jones LLC raised its holdings in Taiwan Semiconductor Manufacturing by 20.9% in the fourth quarter. Brighton Jones LLC now owns 10,930 shares of the semiconductor company's stock valued at $2,159,000 after acquiring an additional 1,892 shares in the last quarter. Union Bancaire Privee UBP SA acquired a new stake in shares of Taiwan Semiconductor Manufacturing in the 4th quarter valued at about $91,830,000. Finally, Strategic Financial Concepts LLC bought a new position in Taiwan Semiconductor Manufacturing during the 4th quarter worth approximately $354,000. 16.51% of the stock is currently owned by hedge funds and other institutional investors.

Taiwan Semiconductor Manufacturing Trading Down 0.2%

NYSE:TSM opened at $213.49 on Thursday. The firm has a market capitalization of $1.11 trillion, a P/E ratio of 27.44, a P/E/G ratio of 1.11 and a beta of 1.27. The business has a 50 day simple moving average of $183.95 and a 200 day simple moving average of $189.38. The company has a debt-to-equity ratio of 0.22, a current ratio of 2.39 and a quick ratio of 2.18. Taiwan Semiconductor Manufacturing Company Ltd. has a 12-month low of $133.57 and a 12-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, beating analysts' consensus estimates of $2.03 by $0.09. The company had revenue of $25.82 billion for the quarter, compared to analysts' expectations of $834.10 billion. Taiwan Semiconductor Manufacturing had a return on equity of 31.43% and a net margin of 41.67%. Equities research analysts predict that Taiwan Semiconductor Manufacturing Company Ltd. will post 9.2 EPS for the current year.

Taiwan Semiconductor Manufacturing Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 9th. Shareholders of record on Tuesday, September 16th will be paid a dividend of $0.6499 per share. This represents a $2.60 dividend on an annualized basis and a yield of 1.22%. The ex-dividend date of this dividend is Tuesday, September 16th. Taiwan Semiconductor Manufacturing's payout ratio is 30.59%.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the company. Barclays reissued an "overweight" rating and set a $240.00 price target (up from $215.00) on shares of Taiwan Semiconductor Manufacturing in a research report on Tuesday, June 3rd. Needham & Company LLC reiterated a "buy" rating and set a $225.00 target price on shares of Taiwan Semiconductor Manufacturing in a research note on Thursday, April 17th. Susquehanna increased their target price on shares of Taiwan Semiconductor Manufacturing from $250.00 to $255.00 and gave the stock a "positive" rating in a report on Tuesday. Finally, Citigroup reaffirmed a "buy" rating on shares of Taiwan Semiconductor Manufacturing in a report on Thursday, May 22nd. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $218.00.

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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