Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) Shares Bought by Cim LLC

Cim LLC grew its holdings in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM - Free Report) by 393.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 8,146 shares of the semiconductor company's stock after acquiring an additional 6,495 shares during the quarter. Cim LLC's holdings in Taiwan Semiconductor Manufacturing were worth $1,609,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in TSM. Tallon Kerry Patrick acquired a new stake in Taiwan Semiconductor Manufacturing in the fourth quarter worth about $228,000. LaFleur & Godfrey LLC acquired a new stake in shares of Taiwan Semiconductor Manufacturing during the fourth quarter worth about $221,000. Nisa Investment Advisors LLC lifted its holdings in shares of Taiwan Semiconductor Manufacturing by 16.5% during the fourth quarter. Nisa Investment Advisors LLC now owns 2,117 shares of the semiconductor company's stock worth $419,000 after purchasing an additional 300 shares during the period. Brighton Jones LLC lifted its holdings in shares of 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. Finally, Flagship Harbor Advisors LLC lifted its holdings in shares of Taiwan Semiconductor Manufacturing by 11.1% during the fourth quarter. Flagship Harbor Advisors LLC now owns 3,129 shares of the semiconductor company's stock worth $618,000 after purchasing an additional 313 shares during the period. Institutional investors and hedge funds own 16.51% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on TSM shares. Citigroup reaffirmed a "buy" rating on shares of Taiwan Semiconductor Manufacturing in a report on Thursday, May 22nd. Susquehanna reaffirmed a "positive" rating on shares of Taiwan Semiconductor Manufacturing in a report on Friday, April 25th. Needham & Company LLC reiterated a "buy" rating and set a $225.00 price target on shares of Taiwan Semiconductor Manufacturing in a research report on Thursday, April 17th. Finally, Barclays reiterated a "hold" rating on shares of Taiwan Semiconductor Manufacturing in a research report on Friday, April 25th. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $212.00.

Taiwan Semiconductor Manufacturing Stock Performance

TSM stock traded up $0.97 during trading on Thursday, hitting $197.11. 13,979,788 shares of the company traded hands, compared to its average volume of 15,866,625. The stock's 50-day simple moving average is $170.49 and its 200 day simple moving average is $187.40. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.57 and a quick ratio of 2.30. The company has a market cap of $1.02 trillion, a PE ratio of 28.00, a P/E/G ratio of 0.66 and a beta of 1.21. 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 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. The business had revenue of $25.82 billion during the quarter, compared to analysts' expectations of $834.10 billion. Taiwan Semiconductor Manufacturing had a return on equity of 30.47% and a net margin of 40.51%. On average, equities analysts expect that Taiwan Semiconductor Manufacturing Company Limited will post 9.2 earnings per share for the current fiscal year.

Taiwan Semiconductor Manufacturing Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 9th. Stockholders of record on Tuesday, September 16th will be given a $0.6499 dividend. This represents a $2.60 dividend on an annualized basis and a dividend yield of 1.32%. The ex-dividend date is Tuesday, September 16th. Taiwan Semiconductor Manufacturing's dividend payout ratio (DPR) is presently 27.76%.

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.