NorthCrest Asset Manangement LLC Grows Position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

NorthCrest Asset Manangement LLC boosted its stake in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM - Free Report) by 1.1% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 271,114 shares of the semiconductor company's stock after acquiring an additional 2,883 shares during the quarter. Taiwan Semiconductor Manufacturing makes up approximately 1.4% of NorthCrest Asset Manangement LLC's holdings, making the stock its 8th biggest holding. NorthCrest Asset Manangement LLC's holdings in Taiwan Semiconductor Manufacturing were worth $45,005,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of TSM. Stonebridge Financial Group LLC bought a new stake in shares of Taiwan Semiconductor Manufacturing during the fourth quarter worth $25,000. IMG Wealth Management Inc. bought a new stake in Taiwan Semiconductor Manufacturing during the 4th quarter worth about $26,000. Hopwood Financial Services Inc. bought a new position in shares of Taiwan Semiconductor Manufacturing in the 4th quarter valued at about $27,000. City Holding Co. grew its position in shares of Taiwan Semiconductor Manufacturing by 238.0% during the 1st quarter. City Holding Co. now owns 169 shares of the semiconductor company's stock worth $28,000 after buying an additional 119 shares during the period. Finally, Roxbury Financial LLC bought a new stake in shares of Taiwan Semiconductor Manufacturing during the fourth quarter worth approximately $29,000. 16.51% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several analysts have commented on the stock. Citigroup reiterated a "buy" rating on shares of Taiwan Semiconductor Manufacturing in a research report on Thursday, May 22nd. Susquehanna reissued a "positive" rating on shares of Taiwan Semiconductor Manufacturing in a research note on Friday, April 25th. Needham & Company LLC reaffirmed a "buy" rating and issued a $225.00 target price on shares of Taiwan Semiconductor Manufacturing in a research note on Thursday, April 17th. Finally, Barclays reissued an "overweight" rating and set a $240.00 price target (up from $215.00) on shares of Taiwan Semiconductor Manufacturing in a research report on Tuesday, June 3rd. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, Taiwan Semiconductor Manufacturing currently has a consensus rating of "Moderate Buy" and an average price target of $217.00.

Taiwan Semiconductor Manufacturing Stock Up 2.1%

NYSE TSM traded up $4.44 on Monday, reaching $215.54. The company had a trading volume of 10,882,176 shares, compared to its average volume of 15,730,848. The company's fifty day moving average is $180.24 and its 200-day moving average is $188.82. The firm has a market capitalization of $1.12 trillion, a price-to-earnings ratio of 30.62, a price-to-earnings-growth ratio of 0.66 and a beta of 1.27. The company has a debt-to-equity ratio of 0.24, a quick ratio of 2.30 and a current ratio of 2.57. 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 announced its earnings results 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 30.47% and a net margin of 40.51%. The business had revenue of $25.82 billion for the quarter, compared to analyst estimates of $834.10 billion. On average, research analysts forecast that Taiwan Semiconductor Manufacturing Company Limited will post 9.2 earnings per share for the current fiscal year.

Taiwan Semiconductor Manufacturing Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 9th. Investors of record on Tuesday, September 16th will be issued a dividend of $0.6499 per share. The ex-dividend date is Tuesday, September 16th. This represents a $2.60 annualized dividend and a yield of 1.21%. Taiwan Semiconductor Manufacturing's payout ratio is presently 30.46%.

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.