SlateStone Wealth LLC Acquires New Stake in Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM)

Key Points

• SlateStone Wealth LLC made a new investment of approximately $223,000 in Taiwan Semiconductor Manufacturing Company (NYSE: TSM), acquiring 1,346 shares.
• Multiple institutional investors, including FMR LLC and Capital International Investors, have increased their stakes in TSM during the 4th quarter, indicating strong investor interest.
• Analysts have a consensus rating of "Moderate Buy" on TSM shares, with a consensus price target of $258.33.

SlateStone Wealth LLC acquired a new position in shares of Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM - Free Report) in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 1,346 shares of the semiconductor company's stock, valued at approximately $223,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Mesirow Financial Investment Management Inc. raised its holdings in shares of Taiwan Semiconductor Manufacturing by 4.4% during the first quarter. Mesirow Financial Investment Management Inc. now owns 16,406 shares of the semiconductor company's stock valued at $2,724,000 after acquiring an additional 685 shares during the last quarter. Arkadios Wealth Advisors increased its position in shares of Taiwan Semiconductor Manufacturing by 195.7% during the first quarter. Arkadios Wealth Advisors now owns 32,294 shares of the semiconductor company's stock worth $5,361,000 after purchasing an additional 21,371 shares in the last quarter. Carl P. Sherr & Co. LLC raised its stake in Taiwan Semiconductor Manufacturing by 3.1% in the 1st quarter. Carl P. Sherr & Co. LLC now owns 2,497 shares of the semiconductor company's stock valued at $415,000 after purchasing an additional 75 shares during the last quarter. Eastern Bank lifted its holdings in Taiwan Semiconductor Manufacturing by 19.4% in the 1st quarter. Eastern Bank now owns 4,268 shares of the semiconductor company's stock valued at $708,000 after purchasing an additional 694 shares in the last quarter. Finally, XTX Topco Ltd lifted its holdings in Taiwan Semiconductor Manufacturing by 480.0% in the 1st quarter. XTX Topco Ltd now owns 35,946 shares of the semiconductor company's stock valued at $5,967,000 after purchasing an additional 29,748 shares in the last quarter. 16.51% of the stock is owned by hedge funds and other institutional investors.

Taiwan Semiconductor Manufacturing Trading Down 2.6%

Shares of TSM stock traded down $6.36 during trading on Friday, hitting $235.26. 3,848,870 shares of the stock traded hands, compared to its average volume of 15,393,035. Taiwan Semiconductor Manufacturing Company Ltd. has a 52-week low of $133.57 and a 52-week high of $248.28. The firm has a market capitalization of $1.22 trillion, a P/E ratio of 26.79, a price-to-earnings-growth ratio of 1.17 and a beta of 1.29. The firm's fifty day moving average price is $221.34 and its 200-day moving average price is $195.83. The company has a debt-to-equity ratio of 0.18, a current ratio of 2.37 and a quick ratio of 2.18.

Taiwan Semiconductor Manufacturing (NYSE:TSM - Get Free Report) last announced its quarterly earnings results on Thursday, July 17th. The semiconductor company reported $2.47 EPS for the quarter, beating the consensus estimate of $2.13 by $0.34. The business had revenue of $30.07 billion for the quarter, compared to analyst estimates of $28.50 billion. Taiwan Semiconductor Manufacturing had a return on equity of 32.87% and a net margin of 42.91%. The company's quarterly revenue was up 44.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.48 EPS. As a group, research analysts forecast that Taiwan Semiconductor Manufacturing Company Ltd. will post 9.2 earnings per share for the current fiscal year.

Taiwan Semiconductor Manufacturing Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 9th. Investors of record on Tuesday, September 16th will be given a dividend of $0.6499 per share. 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 1.1%. Taiwan Semiconductor Manufacturing's dividend payout ratio (DPR) is presently 28.16%.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on TSM. Needham & Company LLC reaffirmed a "buy" rating and set a $270.00 target price on shares of Taiwan Semiconductor Manufacturing in a report on Thursday, July 17th. Susquehanna boosted their price target on shares of Taiwan Semiconductor Manufacturing from $255.00 to $265.00 and gave the stock a "positive" rating in a research report on Monday, July 14th. Citigroup reiterated a "buy" rating on shares of Taiwan Semiconductor Manufacturing in a report on Thursday, May 22nd. Finally, Barclays restated an "overweight" rating and set a $240.00 target price (up from $215.00) on shares of Taiwan Semiconductor Manufacturing in a report on Tuesday, June 3rd. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $258.33.

Taiwan Semiconductor Manufacturing 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.