Huntleigh Advisors Inc. Purchases 1,547 Shares of Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM)

Huntleigh Advisors Inc. grew its stake in shares of Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM - Free Report) by 5.1% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 32,055 shares of the semiconductor company's stock after acquiring an additional 1,547 shares during the period. Taiwan Semiconductor Manufacturing comprises 1.0% of Huntleigh Advisors Inc.'s investment portfolio, making the stock its 21st biggest position. Huntleigh Advisors Inc.'s holdings in Taiwan Semiconductor Manufacturing were worth $5,321,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Brighton Jones LLC lifted its stake in shares of Taiwan Semiconductor Manufacturing by 20.9% during the 4th quarter. Brighton Jones LLC now owns 10,930 shares of the semiconductor company's stock valued at $2,159,000 after buying an additional 1,892 shares in the last quarter. Victory Capital Management Inc. lifted its stake in Taiwan Semiconductor Manufacturing by 15.3% in the 4th quarter. Victory Capital Management Inc. now owns 120,618 shares of the semiconductor company's stock worth $23,821,000 after purchasing an additional 15,961 shares in the last quarter. NewSquare Capital LLC lifted its stake in Taiwan Semiconductor Manufacturing by 97.6% in the 4th quarter. NewSquare Capital LLC now owns 326 shares of the semiconductor company's stock worth $64,000 after purchasing an additional 161 shares in the last quarter. Proficio Capital Partners LLC lifted its stake in Taiwan Semiconductor Manufacturing by 29.8% in the 4th quarter. Proficio Capital Partners LLC now owns 1,868 shares of the semiconductor company's stock worth $369,000 after purchasing an additional 429 shares in the last quarter. Finally, Cullen Frost Bankers Inc. lifted its stake in Taiwan Semiconductor Manufacturing by 9.4% in the 4th quarter. Cullen Frost Bankers Inc. now owns 1,294 shares of the semiconductor company's stock worth $255,000 after purchasing an additional 111 shares in the last quarter. 16.51% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

TSM has been the topic of several recent analyst reports. Needham & Company LLC increased their target price on shares of Taiwan Semiconductor Manufacturing from $225.00 to $270.00 and gave the stock a "buy" rating in a research note on Tuesday. Citigroup reiterated a "buy" rating on shares of Taiwan Semiconductor Manufacturing in a research note on Thursday, May 22nd. 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 research note on Tuesday, June 17th. Finally, Barclays reiterated an "overweight" rating and issued a $240.00 target price (up from $215.00) on shares of Taiwan Semiconductor Manufacturing in a research note on Tuesday, June 3rd. Two 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, Taiwan Semiconductor Manufacturing currently has a consensus rating of "Moderate Buy" and a consensus price target of $233.75.

Taiwan Semiconductor Manufacturing Price Performance

Shares of Taiwan Semiconductor Manufacturing stock traded up $1.89 on Friday, hitting $235.49. 7,779,584 shares of the company traded hands, compared to its average volume of 15,449,890. The firm's 50-day simple moving average is $200.39 and its 200 day simple moving average is $191.46. The company has a current ratio of 2.39, a quick ratio of 2.18 and a debt-to-equity ratio of 0.22. The company has a market cap of $1.22 trillion, a P/E ratio of 30.27, a P/E/G ratio of 1.22 and a beta of 1.29. Taiwan Semiconductor Manufacturing Company Ltd. has a 12-month low of $133.57 and a 12-month high of $237.58.

Taiwan Semiconductor Manufacturing (NYSE:TSM - Get Free Report) last released its earnings results on Thursday, April 17th. The semiconductor company reported $2.12 EPS for the quarter, beating 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 company had revenue of $25.82 billion for the quarter, compared to analyst estimates of $834.10 billion. Analysts expect 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 issued a dividend of $0.6499 per share. This represents a $2.60 annualized dividend and a dividend yield of 1.10%. The ex-dividend date is Tuesday, September 16th. Taiwan Semiconductor Manufacturing's dividend payout ratio is currently 30.59%.

About Taiwan Semiconductor Manufacturing

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.