NBC Securities Inc. Grows Stock Holdings in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

NBC Securities Inc. raised its position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM - Free Report) by 109,460.0% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,478 shares of the semiconductor company's stock after buying an additional 5,473 shares during the quarter. NBC Securities Inc.'s holdings in Taiwan Semiconductor Manufacturing were worth $909,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Stonebridge Financial Group LLC bought a new position in shares of Taiwan Semiconductor Manufacturing in the fourth quarter worth $25,000. IMG Wealth Management Inc. bought a new position in Taiwan Semiconductor Manufacturing in the 4th quarter worth about $26,000. Hopwood Financial Services Inc. purchased a new position in Taiwan Semiconductor Manufacturing during the 4th quarter valued at about $27,000. Roxbury Financial LLC bought a new stake in shares of Taiwan Semiconductor Manufacturing during the fourth quarter valued at about $29,000. Finally, Accredited Wealth Management LLC bought a new stake in Taiwan Semiconductor Manufacturing during the 4th quarter worth approximately $31,000. 16.51% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on TSM shares. Barclays upped their price target on shares of Taiwan Semiconductor Manufacturing from $215.00 to $240.00 and gave the stock an "overweight" rating in a report on Tuesday. Citigroup reiterated a "buy" rating on shares of Taiwan Semiconductor Manufacturing in a research report on Thursday, May 22nd. Susquehanna restated a "positive" rating on shares of Taiwan Semiconductor Manufacturing in a report on Friday, April 25th. Finally, Needham & Company LLC restated a "buy" rating and set a $225.00 target price on shares of Taiwan Semiconductor Manufacturing in a report on Thursday, April 17th. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $217.00.

Taiwan Semiconductor Manufacturing Price Performance

TSM stock traded up $0.94 during mid-day trading on Thursday, hitting $203.34. The company had a trading volume of 11,415,981 shares, compared to its average volume of 15,836,905. The company has a market capitalization of $1.05 trillion, a price-to-earnings ratio of 28.88, a P/E/G ratio of 0.66 and a beta of 1.21. Taiwan Semiconductor Manufacturing Company Limited has a 12-month low of $133.57 and a 12-month high of $226.40. The company has a quick ratio of 2.30, a current ratio of 2.57 and a debt-to-equity ratio of 0.24. The company has a 50-day moving average price of $172.79 and a 200 day moving average price of $187.66.

Taiwan Semiconductor Manufacturing (NYSE:TSM - Get Free Report) last announced its quarterly 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. Taiwan Semiconductor Manufacturing had a net margin of 40.51% and a return on equity of 30.47%. The company had revenue of $25.82 billion for the quarter, compared to analysts' expectations of $834.10 billion. On average, research analysts anticipate that Taiwan Semiconductor Manufacturing Company Limited will post 9.2 earnings per share for the current year.

Taiwan Semiconductor Manufacturing Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 9th. Investors of record on Tuesday, September 16th will be given a $0.6499 dividend. The ex-dividend date is Tuesday, September 16th. This represents a $2.60 dividend on an annualized basis and a yield of 1.28%. Taiwan Semiconductor Manufacturing's dividend payout ratio is presently 30.46%.

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.