Paragon Advisors LLC Has $8.83 Million Stock Position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Paragon Advisors LLC increased its position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM - Free Report) by 21.5% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 53,178 shares of the semiconductor company's stock after purchasing an additional 9,401 shares during the period. Taiwan Semiconductor Manufacturing accounts for about 3.3% of Paragon Advisors LLC's investment portfolio, making the stock its 8th biggest holding. Paragon Advisors LLC's holdings in Taiwan Semiconductor Manufacturing were worth $8,828,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of TSM. Simplicity Wealth LLC lifted its holdings in shares of Taiwan Semiconductor Manufacturing by 61.8% in the 1st quarter. Simplicity Wealth LLC now owns 4,015 shares of the semiconductor company's stock worth $666,000 after purchasing an additional 1,533 shares during the last quarter. GAMMA Investing LLC lifted its stake in Taiwan Semiconductor Manufacturing by 7.0% in the first quarter. GAMMA Investing LLC now owns 9,103 shares of the semiconductor company's stock valued at $1,511,000 after buying an additional 594 shares during the last quarter. Wealthcare Advisory Partners LLC boosted its holdings in shares of Taiwan Semiconductor Manufacturing by 26.1% during the first quarter. Wealthcare Advisory Partners LLC now owns 6,977 shares of the semiconductor company's stock valued at $1,158,000 after acquiring an additional 1,446 shares during the period. Trust Co. of Oklahoma grew its position in shares of Taiwan Semiconductor Manufacturing by 14.0% during the first quarter. Trust Co. of Oklahoma now owns 6,586 shares of the semiconductor company's stock worth $1,093,000 after acquiring an additional 811 shares during the last quarter. Finally, Fourpath Capital Management LLC increased its holdings in shares of Taiwan Semiconductor Manufacturing by 5.7% in the 1st quarter. Fourpath Capital Management LLC now owns 1,684 shares of the semiconductor company's stock worth $280,000 after acquiring an additional 91 shares during the period. 16.51% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on TSM. Citigroup restated a "buy" rating on shares of Taiwan Semiconductor Manufacturing in a research note on Thursday, May 22nd. Susquehanna reissued a "positive" rating on shares of Taiwan Semiconductor Manufacturing in a report on Friday, April 25th. Barclays restated an "overweight" rating and issued a $240.00 price objective (up previously from $215.00) on shares of Taiwan Semiconductor Manufacturing in a report on Tuesday, June 3rd. Finally, Needham & Company LLC reaffirmed a "buy" rating and set a $225.00 target price on shares of Taiwan Semiconductor Manufacturing in a report on Thursday, April 17th. Two analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $217.00.

Taiwan Semiconductor Manufacturing Stock Up 2.6%

Shares of TSM traded up $5.39 during mid-day trading on Tuesday, reaching $212.39. The company's stock had a trading volume of 14,501,209 shares, compared to its average volume of 15,767,145. The business has a fifty day moving average of $175.00 and a 200 day moving average of $187.97. The company has a market cap of $1.10 trillion, a price-to-earnings ratio of 30.17, a price-to-earnings-growth ratio of 0.66 and a beta of 1.27. The company has a quick ratio of 2.30, a current ratio of 2.57 and a debt-to-equity ratio of 0.24. Taiwan Semiconductor Manufacturing Company Limited has a 1 year low of $133.57 and a 1 year high of $226.40.

Taiwan Semiconductor Manufacturing (NYSE:TSM - Get Free Report) last posted its quarterly earnings results on Thursday, April 17th. The semiconductor company reported $2.12 earnings per share for the quarter, topping analysts' consensus estimates of $2.03 by $0.09. The business had revenue of $25.82 billion for the quarter, compared to the consensus estimate 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, analysts forecast that Taiwan Semiconductor Manufacturing Company Limited will post 9.2 earnings per share for the current fiscal year.

Taiwan Semiconductor Manufacturing Cuts Dividend

The company also recently disclosed 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. The ex-dividend date is Tuesday, September 16th. This represents a $2.60 dividend on an annualized basis and a yield of 1.22%. Taiwan Semiconductor Manufacturing's dividend payout ratio is currently 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.