Mutual Advisors LLC Has $1.50 Million Stock Position in Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM)

Mutual Advisors LLC raised its stake in shares of Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM - Free Report) by 22.5% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 9,077 shares of the semiconductor company's stock after acquiring an additional 1,665 shares during the quarter. Mutual Advisors LLC's holdings in Taiwan Semiconductor Manufacturing were worth $1,499,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Guardian Partners Inc. bought a new position in shares of Taiwan Semiconductor Manufacturing in the fourth quarter valued at approximately $9,222,000. Pinnacle Investment Management Ltd acquired a new stake in Taiwan Semiconductor Manufacturing during the 4th quarter valued at $26,661,000. Sentry LLC acquired a new stake in Taiwan Semiconductor Manufacturing during the 1st quarter valued at $222,000. Polymer Capital Management HK LTD raised its position in Taiwan Semiconductor Manufacturing by 47.7% in the 4th quarter. Polymer Capital Management HK LTD now owns 86,493 shares of the semiconductor company's stock valued at $17,082,000 after purchasing an additional 27,938 shares during the last quarter. Finally, Bank of Montreal Can boosted its stake in Taiwan Semiconductor Manufacturing by 38.3% in the fourth quarter. Bank of Montreal Can now owns 871,742 shares of the semiconductor company's stock worth $172,160,000 after purchasing an additional 241,414 shares in the last quarter. Institutional investors and hedge funds own 16.51% of the company's stock.

Taiwan Semiconductor Manufacturing Trading Up 0.8%

Shares of NYSE TSM traded up $1.89 during mid-day trading on Friday, hitting $235.49. The company's stock had a trading volume of 7,779,584 shares, compared to its average volume of 15,449,890. Taiwan Semiconductor Manufacturing Company Ltd. has a one year low of $133.57 and a one year high of $237.58. The company's fifty day simple moving average is $200.39 and its 200-day simple moving average is $191.46. The company has a debt-to-equity ratio of 0.22, a current ratio of 2.39 and a quick ratio of 2.18. The stock has a market cap of $1.22 trillion, a price-to-earnings ratio of 30.27, a price-to-earnings-growth ratio of 1.22 and a beta of 1.29.

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, topping analysts' consensus estimates of $2.03 by $0.09. The firm had revenue of $25.82 billion during the quarter, compared to analyst estimates of $834.10 billion. Taiwan Semiconductor Manufacturing had a net margin of 41.67% and a return on equity of 31.43%. On average, sell-side analysts anticipate that Taiwan Semiconductor Manufacturing Company Ltd. will post 9.2 earnings per share for the current fiscal year.

Taiwan Semiconductor Manufacturing Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 9th. Shareholders of record on Tuesday, September 16th will be issued a dividend of $0.6499 per share. This represents a $2.60 dividend on an annualized basis and a yield of 1.10%. The ex-dividend date is Tuesday, September 16th. Taiwan Semiconductor Manufacturing's dividend payout ratio (DPR) is currently 30.59%.

Wall Street Analyst Weigh In

TSM has been the subject of a number of research reports. Susquehanna raised their target price on Taiwan Semiconductor Manufacturing from $250.00 to $255.00 and gave the company a "positive" rating in a research note on Tuesday, June 17th. Citigroup restated a "buy" rating on shares of Taiwan Semiconductor Manufacturing in a research report on Thursday, May 22nd. Needham & Company LLC upped 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 report on Tuesday. Finally, Barclays reissued an "overweight" rating and issued a $240.00 price target (up previously from $215.00) on shares of Taiwan Semiconductor Manufacturing in a report on Tuesday, June 3rd. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to MarketBeat, Taiwan Semiconductor Manufacturing currently has an average rating of "Moderate Buy" and an average target price of $233.75.

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.