Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM) Shares Purchased by Main Street Research LLC

Main Street Research LLC lifted its stake in shares of Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM - Free Report) by 1.3% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 175,006 shares of the semiconductor company's stock after acquiring an additional 2,239 shares during the quarter. Main Street Research LLC's holdings in Taiwan Semiconductor Manufacturing were worth $29,169,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of TSM. IMG Wealth Management Inc. bought a new position in Taiwan Semiconductor Manufacturing in the fourth quarter worth approximately $26,000. Hopwood Financial Services Inc. purchased a new position in shares of Taiwan Semiconductor Manufacturing in the 4th quarter valued at $27,000. City Holding Co. raised its position in shares of Taiwan Semiconductor Manufacturing by 238.0% in the 1st quarter. City Holding Co. now owns 169 shares of the semiconductor company's stock worth $28,000 after acquiring an additional 119 shares in the last quarter. Accredited Wealth Management LLC purchased a new stake in shares of Taiwan Semiconductor Manufacturing during the 4th quarter worth $31,000. Finally, Signature Resources Capital Management LLC boosted its position in Taiwan Semiconductor Manufacturing by 138.8% during the first quarter. Signature Resources Capital Management LLC now owns 191 shares of the semiconductor company's stock valued at $32,000 after purchasing an additional 111 shares in the last quarter. Institutional investors own 16.51% of the company's stock.

Analysts Set New Price Targets

TSM has been the topic of several analyst reports. Barclays reiterated an "overweight" rating and issued a $240.00 target price (up previously from $215.00) on shares of Taiwan Semiconductor Manufacturing in a research note on Tuesday, June 3rd. Citigroup reiterated a "buy" rating on shares of Taiwan Semiconductor Manufacturing in a research note on Thursday, May 22nd. Needham & Company LLC raised their target price on shares of Taiwan Semiconductor Manufacturing from $225.00 to $270.00 and gave the company a "buy" rating in a research note on Tuesday, July 1st. Finally, Susquehanna lifted their price target on shares of Taiwan Semiconductor Manufacturing from $250.00 to $255.00 and gave the stock a "positive" rating in a report on Tuesday, June 17th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, Taiwan Semiconductor Manufacturing has an average rating of "Moderate Buy" and an average price target of $233.75.

Taiwan Semiconductor Manufacturing Stock Performance

NYSE:TSM traded up $3.99 during trading hours on Wednesday, hitting $231.85. 9,455,497 shares of the company were exchanged, compared to its average volume of 15,362,955. 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 52-week low of $133.57 and a 52-week high of $237.58. The stock has a market capitalization of $1.20 trillion, a price-to-earnings ratio of 29.80, a PEG ratio of 1.24 and a beta of 1.29. The company's 50 day moving average price is $202.98 and its 200-day moving average price is $191.89.

Taiwan Semiconductor Manufacturing (NYSE:TSM - Get Free Report) last issued its quarterly earnings results on Thursday, April 17th. The semiconductor company reported $2.12 EPS for the quarter, topping analysts' consensus estimates 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 company had revenue of $25.82 billion during the quarter, compared to analysts' expectations of $834.10 billion. As a group, research 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 announced a quarterly dividend, which will be paid on Thursday, October 9th. Investors of record on Tuesday, September 16th will be given a dividend of $0.6499 per share. 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 1.12%. Taiwan Semiconductor Manufacturing's dividend payout ratio is presently 31.75%.

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.