Schwartz Investment Counsel Inc. Has $51.34 Million Stock Holdings in Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM)

Schwartz Investment Counsel Inc. boosted its position in Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM - Free Report) by 11.9% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 309,250 shares of the semiconductor company's stock after buying an additional 33,000 shares during the quarter. Taiwan Semiconductor Manufacturing makes up about 1.8% of Schwartz Investment Counsel Inc.'s portfolio, making the stock its 19th biggest position. Schwartz Investment Counsel Inc.'s holdings in Taiwan Semiconductor Manufacturing were worth $51,336,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. LaFleur & Godfrey LLC acquired a new position in shares of Taiwan Semiconductor Manufacturing during the 4th quarter worth approximately $221,000. Brighton Jones LLC increased its position in shares of Taiwan Semiconductor Manufacturing by 20.9% during the 4th 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 last quarter. Simmons Bank increased its position in shares of Taiwan Semiconductor Manufacturing by 8.5% during the 4th quarter. Simmons Bank now owns 1,705 shares of the semiconductor company's stock worth $337,000 after purchasing an additional 134 shares during the last quarter. Proficio Capital Partners LLC increased its position in shares of Taiwan Semiconductor Manufacturing by 25,536.6% during the 4th quarter. Proficio Capital Partners LLC now owns 368,911 shares of the semiconductor company's stock worth $72,856,000 after purchasing an additional 367,472 shares during the last quarter. Finally, Linscomb Wealth Inc. acquired a new position in shares of Taiwan Semiconductor Manufacturing during the 4th quarter worth approximately $224,000. Institutional investors and hedge funds own 16.51% of the company's stock.

Taiwan Semiconductor Manufacturing Stock Performance

Shares of NYSE TSM opened at $228.47 on Friday. The company has a current ratio of 2.39, a quick ratio of 2.18 and a debt-to-equity ratio of 0.22. Taiwan Semiconductor Manufacturing Company Ltd. has a 12 month low of $133.57 and a 12 month high of $228.88. The stock has a 50 day moving average of $192.99 and a 200-day moving average of $190.32. The company has a market capitalization of $1.18 trillion, a P/E ratio of 29.37, a P/E/G ratio of 1.16 and a beta of 1.27.

Taiwan Semiconductor Manufacturing (NYSE:TSM - Get Free Report) last issued its quarterly earnings data on Thursday, April 17th. The semiconductor company reported $2.12 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 firm had revenue of $25.82 billion for the quarter, compared to analyst estimates of $834.10 billion. As a group, equities research analysts predict that Taiwan Semiconductor Manufacturing Company Ltd. will post 9.2 EPS for the current year.

Taiwan Semiconductor Manufacturing Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 9th. Shareholders 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 yield of 1.14%. The ex-dividend date of this dividend is Tuesday, September 16th. Taiwan Semiconductor Manufacturing's dividend payout ratio is 30.59%.

Wall Street Analysts Forecast Growth

TSM has been the topic of several recent analyst reports. Susquehanna boosted their price target on Taiwan Semiconductor Manufacturing from $250.00 to $255.00 and gave the stock a "positive" rating in a research report on Tuesday, June 17th. Barclays reiterated an "overweight" rating and set a $240.00 target price (up from $215.00) on shares of Taiwan Semiconductor Manufacturing in a research note on Tuesday, June 3rd. Needham & Company LLC reiterated a "buy" rating and set a $225.00 target price on shares of Taiwan Semiconductor Manufacturing in a research note on Thursday, April 17th. Finally, Citigroup reiterated a "buy" rating on shares of Taiwan Semiconductor Manufacturing in a research note on Thursday, May 22nd. 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 data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $222.50.

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.

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