Lakeshore Capital Group Inc. Purchases Shares of 11,268 Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Lakeshore Capital Group Inc. bought a new stake in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 11,268 shares of the semiconductor company's stock, valued at approximately $2,225,000. Taiwan Semiconductor Manufacturing accounts for about 3.4% of Lakeshore Capital Group Inc.'s portfolio, making the stock its 7th biggest position.

Other large investors have also recently added to or reduced their stakes in the company. Tallon Kerry Patrick acquired a new position in Taiwan Semiconductor Manufacturing during the 4th quarter worth about $228,000. LaFleur & Godfrey LLC bought a new position in shares of Taiwan Semiconductor Manufacturing in the fourth quarter worth about $221,000. Nisa Investment Advisors LLC lifted its position in shares of Taiwan Semiconductor Manufacturing by 16.5% during the fourth quarter. Nisa Investment Advisors LLC now owns 2,117 shares of the semiconductor company's stock worth $419,000 after purchasing an additional 300 shares in the last quarter. Brighton Jones LLC grew its stake in shares of Taiwan Semiconductor Manufacturing by 20.9% during the fourth quarter. Brighton Jones LLC now owns 10,930 shares of the semiconductor company's stock valued at $2,159,000 after purchasing an additional 1,892 shares during the last quarter. Finally, RFG Advisory LLC increased its holdings in shares of Taiwan Semiconductor Manufacturing by 15.0% in the fourth quarter. RFG Advisory LLC now owns 8,434 shares of the semiconductor company's stock valued at $1,666,000 after purchasing an additional 1,098 shares in the last quarter. 16.51% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research analysts have commented on the company. Citigroup reiterated a "buy" rating on shares of Taiwan Semiconductor Manufacturing in a research report on Thursday. Needham & Company LLC reiterated a "buy" rating and issued a $225.00 price objective on shares of Taiwan Semiconductor Manufacturing in a research report on Thursday, April 17th. Wall Street Zen lowered Taiwan Semiconductor Manufacturing from a "buy" rating to a "hold" rating in a research report on Tuesday, January 28th. Susquehanna restated a "positive" rating on shares of Taiwan Semiconductor Manufacturing in a report on Friday, April 25th. Finally, Barclays restated a "hold" rating on shares of Taiwan Semiconductor Manufacturing in a report on Friday, April 25th. Three research 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, Taiwan Semiconductor Manufacturing currently has a consensus rating of "Moderate Buy" and an average price target of $212.00.

Taiwan Semiconductor Manufacturing Trading Up 3.0%

NYSE TSM traded up $5.83 during trading hours on Tuesday, hitting $197.81. The company's stock had a trading volume of 12,199,029 shares, compared to its average volume of 15,856,385. The stock has a fifty day moving average of $169.69 and a 200 day moving average of $187.26. Taiwan Semiconductor Manufacturing Company Limited has a twelve month low of $133.57 and a twelve month high of $226.40. The firm has a market capitalization of $1.03 trillion, a P/E ratio of 28.10, a PEG ratio of 0.66 and a beta of 1.21. The company has a quick ratio of 2.30, a current ratio of 2.57 and a debt-to-equity ratio of 0.24.

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 for the quarter, topping the consensus estimate of $2.03 by $0.09. The company had revenue of $25.82 billion for the quarter, compared to analyst estimates of $834.10 billion. Taiwan Semiconductor Manufacturing had a net margin of 40.51% and a return on equity of 30.47%. Equities research analysts forecast 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 disclosed 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 annualized dividend and a dividend yield of 1.31%. The ex-dividend date of this dividend is Tuesday, September 16th. Taiwan Semiconductor Manufacturing's dividend 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.