Left Brain Wealth Management LLC Has $6.68 Million Position in Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM)

Left Brain Wealth Management LLC raised its stake in Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM - Free Report) by 113.6% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 40,220 shares of the semiconductor company's stock after buying an additional 21,388 shares during the period. Taiwan Semiconductor Manufacturing comprises about 2.9% of Left Brain Wealth Management LLC's portfolio, making the stock its 7th biggest position. Left Brain Wealth Management LLC's holdings in Taiwan Semiconductor Manufacturing were worth $6,677,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in TSM. DekaBank Deutsche Girozentrale boosted its position in shares of Taiwan Semiconductor Manufacturing by 0.9% during the 1st quarter. DekaBank Deutsche Girozentrale now owns 1,339,479 shares of the semiconductor company's stock valued at $214,442,000 after purchasing an additional 11,693 shares in the last quarter. Guardian Partners Inc. bought a new stake in shares of Taiwan Semiconductor Manufacturing during the 4th quarter valued at about $9,222,000. Pinnacle Investment Management Ltd bought a new stake in shares of Taiwan Semiconductor Manufacturing during the 4th quarter valued at about $26,661,000. Sentry LLC bought a new stake in shares of Taiwan Semiconductor Manufacturing during the 1st quarter valued at about $222,000. Finally, Compound Global Advisors LLC boosted its position in shares of Taiwan Semiconductor Manufacturing by 31.2% during the 1st quarter. Compound Global Advisors LLC now owns 4,796 shares of the semiconductor company's stock valued at $747,000 after purchasing an additional 1,141 shares in the last quarter. Institutional investors own 16.51% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on TSM. Needham & Company LLC upped their price target on Taiwan Semiconductor Manufacturing from $225.00 to $270.00 and gave the stock a "buy" rating in a research note on Tuesday, July 1st. Citigroup reaffirmed a "buy" rating on shares of Taiwan Semiconductor Manufacturing in a research note on Thursday, May 22nd. Susquehanna upped their price target on 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 reaffirmed an "overweight" rating and set a $240.00 price target (up from $215.00) on shares of Taiwan Semiconductor Manufacturing in a research note on Tuesday, June 3rd. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $233.75.

Taiwan Semiconductor Manufacturing Stock Up 0.3%

Shares of Taiwan Semiconductor Manufacturing stock traded up $0.62 on Friday, hitting $230.38. The company had a trading volume of 8,805,986 shares, compared to its average volume of 15,271,379. The stock has a market capitalization of $1.19 trillion, a price-to-earnings ratio of 29.61, a P/E/G ratio of 1.25 and a beta of 1.29. Taiwan Semiconductor Manufacturing Company Ltd. has a 1 year low of $133.57 and a 1 year high of $237.58. The stock has a 50 day moving average of $206.45 and a 200-day moving average of $192.39. The company has a debt-to-equity ratio of 0.22, a quick ratio of 2.18 and a current ratio of 2.39.

Taiwan Semiconductor Manufacturing (NYSE:TSM - Get Free Report) last issued its quarterly earnings data on Thursday, April 17th. The semiconductor company reported $2.12 EPS for the quarter, topping the consensus estimate of $2.03 by $0.09. Taiwan Semiconductor Manufacturing had a return on equity of 31.43% and a net margin of 41.67%. The firm had revenue of $25.82 billion during the quarter, compared to the consensus estimate of $834.10 billion. As a group, sell-side analysts forecast that Taiwan Semiconductor Manufacturing Company Ltd. will post 9.2 earnings per share for the current year.

Taiwan Semiconductor Manufacturing Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 9th. Shareholders of record on Tuesday, September 16th will be paid a $0.6499 dividend. The ex-dividend date of this dividend is Tuesday, September 16th. This represents a $2.60 dividend on an annualized basis and a yield of 1.13%. Taiwan Semiconductor Manufacturing's dividend payout ratio (DPR) is presently 31.75%.

Taiwan Semiconductor Manufacturing Company 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.