Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM) Position Increased by Edgemoor Investment Advisors Inc.

Edgemoor Investment Advisors Inc. boosted its holdings in Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM - Free Report) by 2.7% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 67,443 shares of the semiconductor company's stock after acquiring an additional 1,758 shares during the quarter. Taiwan Semiconductor Manufacturing accounts for 1.0% of Edgemoor Investment Advisors Inc.'s portfolio, making the stock its 28th largest position. Edgemoor Investment Advisors Inc.'s holdings in Taiwan Semiconductor Manufacturing were worth $11,196,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the business. DekaBank Deutsche Girozentrale grew its holdings in shares of Taiwan Semiconductor Manufacturing by 0.9% in the 1st quarter. DekaBank Deutsche Girozentrale now owns 1,339,479 shares of the semiconductor company's stock worth $214,442,000 after acquiring an additional 11,693 shares during the last quarter. Guardian Partners Inc. acquired a new stake in Taiwan Semiconductor Manufacturing during the fourth quarter valued at $9,222,000. Pinnacle Investment Management Ltd acquired a new stake in Taiwan Semiconductor Manufacturing during the fourth quarter valued at $26,661,000. Sentry LLC acquired a new stake in Taiwan Semiconductor Manufacturing during the first quarter valued at $222,000. Finally, Compound Global Advisors LLC lifted its position in shares of Taiwan Semiconductor Manufacturing by 31.2% in the first quarter. Compound Global Advisors LLC now owns 4,796 shares of the semiconductor company's stock worth $747,000 after buying an additional 1,141 shares during the last quarter. 16.51% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

Taiwan Semiconductor Manufacturing Stock Down 2.1%

NYSE TSM opened at $240.40 on Monday. The firm has a market cap of $1.25 trillion, a PE ratio of 27.41, a price-to-earnings-growth ratio of 1.16 and a beta of 1.29. Taiwan Semiconductor Manufacturing Company Ltd. has a one year low of $133.57 and a one year high of $248.28. The stock's 50 day simple moving average is $212.72 and its 200 day simple moving average is $193.65. The company has a debt-to-equity ratio of 0.22, a current ratio of 2.39 and a quick ratio of 2.18.

Taiwan Semiconductor Manufacturing (NYSE:TSM - Get Free Report) last released its quarterly earnings results on Thursday, July 17th. The semiconductor company reported $2.47 EPS for the quarter, topping analysts' consensus estimates 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 34.53% and a net margin of 42.91%. Taiwan Semiconductor Manufacturing's revenue for the quarter was up 44.4% on a year-over-year basis. During the same period in the prior year, the company earned $1.48 EPS. As a group, sell-side 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 firm also recently declared 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 is Tuesday, September 16th. This represents a $2.60 dividend on an annualized basis and a yield of 1.08%. Taiwan Semiconductor Manufacturing's dividend payout ratio (DPR) is presently 28.16%.

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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