Silver Oak Securities Incorporated Buys 1,302 Shares of Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM)

Silver Oak Securities Incorporated increased its stake in Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM - Free Report) by 5.5% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 24,930 shares of the semiconductor company's stock after purchasing an additional 1,302 shares during the quarter. Silver Oak Securities Incorporated's holdings in Taiwan Semiconductor Manufacturing were worth $4,120,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Tallon Kerry Patrick purchased a new stake in Taiwan Semiconductor Manufacturing in the 4th quarter worth about $228,000. LaFleur & Godfrey LLC bought a new position in Taiwan Semiconductor Manufacturing during the fourth quarter worth about $221,000. Brighton Jones LLC boosted its position in Taiwan Semiconductor Manufacturing by 20.9% during 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 purchased a new position in shares of Taiwan Semiconductor Manufacturing in the fourth quarter worth about $91,830,000. Finally, Strategic Financial Concepts LLC bought a new stake in shares of Taiwan Semiconductor Manufacturing in the fourth quarter valued at approximately $354,000. Hedge funds and other institutional investors own 16.51% of the company's stock.

Taiwan Semiconductor Manufacturing Price Performance

NYSE TSM traded down $0.41 on Thursday, hitting $213.49. The stock had a trading volume of 6,919,365 shares, compared to its average volume of 15,611,161. The firm has a 50-day moving average of $183.95 and a 200-day moving average of $189.38. 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 Company Ltd. has a 52-week low of $133.57 and a 52-week high of $226.40. The company has a market capitalization of $1.11 trillion, a price-to-earnings ratio of 27.44, a price-to-earnings-growth ratio of 1.11 and a beta of 1.27.

Taiwan Semiconductor Manufacturing (NYSE:TSM - Get Free Report) last released 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. The firm had revenue of $25.82 billion for the quarter, compared to analysts' expectations of $834.10 billion. Taiwan Semiconductor Manufacturing had a net margin of 41.67% and a return on equity of 31.43%. Equities analysts expect that Taiwan Semiconductor Manufacturing Company Ltd. will post 9.2 EPS for the current year.

Taiwan Semiconductor Manufacturing Cuts Dividend

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

Analyst Upgrades and Downgrades

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