Riverbridge Partners LLC Has $1.96 Million Stock Position in Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM)

Riverbridge Partners LLC raised its holdings in Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM - Free Report) by 1,021.2% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 11,784 shares of the semiconductor company's stock after buying an additional 10,733 shares during the quarter. Riverbridge Partners LLC's holdings in Taiwan Semiconductor Manufacturing were worth $1,956,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the company. Tallon Kerry Patrick bought a new position in Taiwan Semiconductor Manufacturing in the fourth quarter worth $228,000. LaFleur & Godfrey LLC bought a new position in Taiwan Semiconductor Manufacturing in the fourth quarter worth $221,000. Brighton Jones LLC lifted its position in Taiwan Semiconductor Manufacturing by 20.9% in the fourth quarter. Brighton Jones LLC now owns 10,930 shares of the semiconductor company's stock worth $2,159,000 after purchasing an additional 1,892 shares during the period. Union Bancaire Privee UBP SA bought a new position in Taiwan Semiconductor Manufacturing in the fourth quarter worth $91,830,000. Finally, Strategic Financial Concepts LLC bought a new position in Taiwan Semiconductor Manufacturing in the fourth quarter worth $354,000. Institutional investors own 16.51% of the company's stock.

Taiwan Semiconductor Manufacturing Stock Down 0.2%

Shares of NYSE TSM opened at $213.49 on Friday. The stock has a market cap of $1.11 trillion, a PE ratio of 27.44, a PEG ratio of 1.11 and a beta of 1.27. The business has a fifty day moving average of $185.19 and a two-hundred day moving average of $189.51. Taiwan Semiconductor Manufacturing Company Ltd. 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 0.22, a quick ratio of 2.18 and a current ratio of 2.39.

Taiwan Semiconductor Manufacturing (NYSE:TSM - Get Free Report) last issued its quarterly earnings data on Thursday, April 17th. The semiconductor company reported $2.12 earnings per share (EPS) for the quarter, beating 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, equities research analysts expect that Taiwan Semiconductor Manufacturing Company Ltd. will post 9.2 earnings per share for the current fiscal year.

Taiwan Semiconductor Manufacturing Cuts Dividend

The firm 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. The ex-dividend date of this dividend is Tuesday, September 16th. This represents a $2.60 dividend on an annualized basis and a dividend yield of 1.22%. Taiwan Semiconductor Manufacturing's dividend payout ratio is 30.59%.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on TSM. Citigroup reaffirmed a "buy" rating on shares of Taiwan Semiconductor Manufacturing in a research report on Thursday, May 22nd. Needham & Company LLC reaffirmed a "buy" rating and issued a $225.00 target price on shares of Taiwan Semiconductor Manufacturing in a research report on Thursday, April 17th. Susquehanna raised their target price on Taiwan Semiconductor Manufacturing from $250.00 to $255.00 and gave the stock a "positive" rating in a research report on Tuesday. Finally, Barclays reissued an "overweight" rating and set a $240.00 price objective (up from $215.00) on shares of Taiwan Semiconductor Manufacturing in a report on Tuesday, June 3rd. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. According to MarketBeat.com, Taiwan Semiconductor Manufacturing has a consensus rating of "Moderate Buy" and a consensus price target of $218.00.

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.

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