Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) Stock Holdings Lifted by Hanson & Doremus Investment Management

Hanson & Doremus Investment Management boosted its position in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM - Free Report) by 3.0% in the first quarter, according to the company in its most recent filing with the SEC. The firm owned 94,924 shares of the semiconductor company's stock after acquiring an additional 2,767 shares during the quarter. Taiwan Semiconductor Manufacturing comprises about 2.3% of Hanson & Doremus Investment Management's portfolio, making the stock its 8th largest position. Hanson & Doremus Investment Management's holdings in Taiwan Semiconductor Manufacturing were worth $15,757,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. IMG Wealth Management Inc. acquired a new position in shares of Taiwan Semiconductor Manufacturing in the 4th quarter valued at about $26,000. Hopwood Financial Services Inc. acquired a new position in shares of Taiwan Semiconductor Manufacturing in the 4th quarter valued at about $27,000. City Holding Co. lifted its holdings in shares of Taiwan Semiconductor Manufacturing by 238.0% in the 1st quarter. City Holding Co. now owns 169 shares of the semiconductor company's stock valued at $28,000 after buying an additional 119 shares during the period. Roxbury Financial LLC acquired a new position in shares of Taiwan Semiconductor Manufacturing in the 4th quarter valued at about $29,000. Finally, Accredited Wealth Management LLC acquired a new position in shares of Taiwan Semiconductor Manufacturing in the 4th quarter valued at about $31,000. Institutional investors and hedge funds own 16.51% of the company's stock.

Analyst Ratings Changes

Several brokerages have recently issued reports on TSM. Citigroup reissued a "buy" rating on shares of Taiwan Semiconductor Manufacturing in a report on Thursday, May 22nd. Susquehanna reiterated a "positive" rating on shares of Taiwan Semiconductor Manufacturing in a research report on Friday, April 25th. Barclays reiterated an "overweight" rating and set a $240.00 price target (up previously from $215.00) on shares of Taiwan Semiconductor Manufacturing in a research report on Tuesday, June 3rd. Finally, 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. 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 an average rating of "Moderate Buy" and a consensus target price of $217.00.

Taiwan Semiconductor Manufacturing Price Performance

Shares of Taiwan Semiconductor Manufacturing stock opened at $211.07 on Monday. The business has a 50 day simple moving average of $180.24 and a two-hundred day simple moving average of $188.82. Taiwan Semiconductor Manufacturing Company Limited has a 12 month low of $133.57 and a 12 month high of $226.40. The stock has a market capitalization of $1.09 trillion, a P/E ratio of 29.98, a PEG ratio of 0.66 and a beta of 1.27. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.57 and a quick ratio of 2.30.

Taiwan Semiconductor Manufacturing (NYSE:TSM - Get Free Report) last announced its earnings results 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 30.47% and a net margin of 40.51%. The business had revenue of $25.82 billion during the quarter, compared to analysts' expectations of $834.10 billion. As a group, analysts predict that Taiwan Semiconductor Manufacturing Company Limited will post 9.2 EPS for the current fiscal year.

Taiwan Semiconductor Manufacturing Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 9th. Shareholders of record on Tuesday, September 16th will be issued 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 1.23%. Taiwan Semiconductor Manufacturing's payout ratio is currently 30.46%.

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.

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