Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM) Stake Boosted by Compound Global Advisors LLC

Compound Global Advisors LLC lifted its position in Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM - Free Report) by 31.2% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,796 shares of the semiconductor company's stock after acquiring an additional 1,141 shares during the quarter. Taiwan Semiconductor Manufacturing accounts for approximately 4.4% of Compound Global Advisors LLC's holdings, making the stock its 6th largest position. Compound Global Advisors LLC's holdings in Taiwan Semiconductor Manufacturing were worth $747,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Kanawha Capital Management LLC lifted its stake in Taiwan Semiconductor Manufacturing by 20.0% during the first quarter. Kanawha Capital Management LLC now owns 1,502 shares of the semiconductor company's stock worth $249,000 after purchasing an additional 250 shares during the last quarter. Aaron Wealth Advisors LLC raised its holdings in shares of Taiwan Semiconductor Manufacturing by 11.4% during the first quarter. Aaron Wealth Advisors LLC now owns 18,832 shares of the semiconductor company's stock worth $3,126,000 after purchasing an additional 1,922 shares during the period. First Bank & Trust lifted its position in shares of Taiwan Semiconductor Manufacturing by 2.2% in the 1st quarter. First Bank & Trust now owns 4,033 shares of the semiconductor company's stock worth $669,000 after buying an additional 85 shares during the last quarter. FSM Wealth Advisors LLC boosted its holdings in shares of Taiwan Semiconductor Manufacturing by 43.4% in the 1st quarter. FSM Wealth Advisors LLC now owns 6,919 shares of the semiconductor company's stock valued at $1,149,000 after buying an additional 2,094 shares during the period. Finally, WCM Investment Management LLC grew its position in shares of Taiwan Semiconductor Manufacturing by 0.6% during the 1st quarter. WCM Investment Management LLC now owns 9,734,044 shares of the semiconductor company's stock valued at $1,608,551,000 after buying an additional 59,079 shares during the last quarter. 16.51% of the stock is currently owned by institutional investors.

Taiwan Semiconductor Manufacturing Price Performance

TSM stock traded up $8.93 during trading on Wednesday, hitting $233.61. The company had a trading volume of 11,990,180 shares, compared to its average volume of 15,446,690. The business has a 50 day moving average of $196.04 and a 200 day moving average of $190.70. The firm has a market capitalization of $1.21 trillion, a price-to-earnings ratio of 30.03, a P/E/G ratio of 1.17 and a beta of 1.29. The company has a current ratio of 2.39, a quick ratio of 2.18 and a debt-to-equity ratio of 0.22. Taiwan Semiconductor Manufacturing Company Ltd. has a fifty-two week low of $133.57 and a fifty-two week high of $233.80.

Taiwan Semiconductor Manufacturing (NYSE:TSM - Get Free Report) last issued its quarterly earnings results on Thursday, April 17th. The semiconductor company reported $2.12 earnings per share for the quarter, topping analysts' consensus estimates of $2.03 by $0.09. Taiwan Semiconductor Manufacturing had a net margin of 41.67% and a return on equity of 31.43%. The company had revenue of $25.82 billion during the quarter, compared to analyst estimates of $834.10 billion. As a group, research analysts predict that Taiwan Semiconductor Manufacturing Company Ltd. will post 9.2 earnings per share for the current 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 dividend of $0.6499 per share. The ex-dividend date of this dividend is Tuesday, September 16th. This represents a $2.60 annualized dividend and a dividend yield of 1.11%. Taiwan Semiconductor Manufacturing's dividend payout ratio (DPR) is 30.59%.

Analyst Ratings Changes

A number of brokerages have commented on TSM. Barclays restated an "overweight" rating and issued a $240.00 target price (up from $215.00) on shares of Taiwan Semiconductor Manufacturing in a research note on Tuesday, June 3rd. Citigroup restated a "buy" rating on shares of Taiwan Semiconductor Manufacturing in a research report on Thursday, May 22nd. Needham & Company LLC increased their target price on Taiwan Semiconductor Manufacturing from $225.00 to $270.00 and gave the stock a "buy" rating in a research report on Tuesday. Finally, Susquehanna boosted their price target on shares of Taiwan Semiconductor Manufacturing from $250.00 to $255.00 and gave the company a "positive" rating in a report on Tuesday, June 17th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $233.75.

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.