Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) is NorthCrest Asset Manangement LLC's 8th Largest Position

NorthCrest Asset Manangement LLC boosted its stake in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM - Free Report) by 0.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 268,231 shares of the semiconductor company's stock after acquiring an additional 2,064 shares during the period. Taiwan Semiconductor Manufacturing comprises approximately 1.6% of NorthCrest Asset Manangement LLC's portfolio, making the stock its 8th largest position. NorthCrest Asset Manangement LLC's holdings in Taiwan Semiconductor Manufacturing were worth $52,973,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the stock. Stonebridge Financial Group LLC purchased a new stake in Taiwan Semiconductor Manufacturing in the 4th quarter valued at $25,000. IMG Wealth Management Inc. acquired a new position in Taiwan Semiconductor Manufacturing in the fourth quarter valued at $26,000. Hopwood Financial Services Inc. purchased a new stake in shares of Taiwan Semiconductor Manufacturing in the fourth quarter valued at about $27,000. Roxbury Financial LLC purchased a new stake in shares of Taiwan Semiconductor Manufacturing in the fourth quarter valued at about $29,000. Finally, Accredited Wealth Management LLC acquired a new stake in shares of Taiwan Semiconductor Manufacturing during the fourth quarter worth about $31,000. Institutional investors and hedge funds own 16.51% of the company's stock.

Analysts Set New Price Targets

Several analysts have commented on TSM shares. Susquehanna reaffirmed a "positive" rating on shares of Taiwan Semiconductor Manufacturing in a research note on Friday, April 25th. Citigroup reissued a "buy" rating on shares of Taiwan Semiconductor Manufacturing in a report on Thursday, May 22nd. Barclays reaffirmed a "hold" rating on shares of Taiwan Semiconductor Manufacturing in a report on Friday, April 25th. Finally, Needham & Company LLC reissued a "buy" rating and issued a $225.00 price objective on shares of Taiwan Semiconductor Manufacturing in a research note on Thursday, April 17th. Three equities 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.com, Taiwan Semiconductor Manufacturing has an average rating of "Moderate Buy" and an average target price of $212.00.

Taiwan Semiconductor Manufacturing Price Performance

NYSE:TSM traded down $3.79 during trading hours on Friday, hitting $193.36. The company's stock had a trading volume of 11,982,646 shares, compared to its average volume of 17,125,541. Taiwan Semiconductor Manufacturing Company Limited has a 52-week low of $133.57 and a 52-week high of $226.40. The company has a debt-to-equity ratio of 0.24, a quick ratio of 2.30 and a current ratio of 2.57. The business's 50-day moving average is $170.81 and its two-hundred day moving average is $187.42. The company has a market capitalization of $1.00 trillion, a PE ratio of 27.47, a PEG ratio of 0.66 and a beta of 1.21.

Taiwan Semiconductor Manufacturing (NYSE:TSM - Get Free Report) last announced its quarterly earnings data on Thursday, April 17th. The semiconductor company reported $2.12 EPS for the quarter, beating the consensus estimate of $2.03 by $0.09. The firm had revenue of $25.82 billion during the quarter, compared to analysts' expectations of $834.10 billion. Taiwan Semiconductor Manufacturing had a net margin of 40.51% and a return on equity of 30.47%. As a group, research analysts anticipate that Taiwan Semiconductor Manufacturing Company Limited will post 9.2 EPS for the current fiscal year.

Taiwan Semiconductor Manufacturing Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 9th. Investors of record on Tuesday, September 16th will be issued a $0.6499 dividend. This represents a $2.60 dividend on an annualized basis and a dividend yield of 1.34%. The ex-dividend date is Tuesday, September 16th. Taiwan Semiconductor Manufacturing's dividend payout ratio is currently 27.76%.

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.