Hunter Perkins Capital Management LLC Has $6.01 Million Stake in Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM)

Hunter Perkins Capital Management LLC grew its position in Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM - Free Report) by 43.1% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 36,119 shares of the semiconductor company's stock after buying an additional 10,874 shares during the quarter. Taiwan Semiconductor Manufacturing makes up approximately 1.4% of Hunter Perkins Capital Management LLC's portfolio, making the stock its 24th largest position. Hunter Perkins Capital Management LLC's holdings in Taiwan Semiconductor Manufacturing were worth $6,012,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in TSM. LaFleur & Godfrey LLC acquired a new stake in Taiwan Semiconductor Manufacturing during the 4th quarter worth about $221,000. Brighton Jones LLC boosted 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. Simmons Bank grew its position in Taiwan Semiconductor Manufacturing by 8.5% during the fourth quarter. Simmons Bank now owns 1,705 shares of the semiconductor company's stock valued at $337,000 after purchasing an additional 134 shares in the last quarter. NewEdge Wealth LLC grew its position in Taiwan Semiconductor Manufacturing by 1.8% during the fourth quarter. NewEdge Wealth LLC now owns 54,959 shares of the semiconductor company's stock valued at $10,854,000 after purchasing an additional 951 shares in the last quarter. Finally, SRN Advisors LLC increased its stake in Taiwan Semiconductor Manufacturing by 9.0% in the 4th quarter. SRN Advisors LLC now owns 6,067 shares of the semiconductor company's stock valued at $1,198,000 after buying an additional 500 shares during the period. 16.51% of the stock is owned by hedge funds and other institutional investors.

Taiwan Semiconductor Manufacturing Stock Up 2.0%

Taiwan Semiconductor Manufacturing stock traded up $4.46 during mid-day trading on Friday, hitting $228.47. 13,120,911 shares of the company's stock were exchanged, compared to its average volume of 15,452,760. Taiwan Semiconductor Manufacturing Company Ltd. has a 1-year low of $133.57 and a 1-year high of $228.85. The stock has a 50 day moving average of $191.46 and a two-hundred day moving average of $190.06. The company has a current ratio of 2.39, a quick ratio of 2.18 and a debt-to-equity ratio of 0.22. The stock has a market cap of $1.18 trillion, a P/E ratio of 29.37, a P/E/G ratio of 1.15 and a beta of 1.27.

Taiwan Semiconductor Manufacturing (NYSE:TSM - Get Free Report) last issued 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. Taiwan Semiconductor Manufacturing had a return on equity of 31.43% and a net margin of 41.67%. The business had revenue of $25.82 billion for the quarter, compared to analyst estimates of $834.10 billion. As a group, analysts anticipate that Taiwan Semiconductor Manufacturing Company Ltd. will post 9.2 EPS for the current fiscal year.

Taiwan Semiconductor Manufacturing Cuts Dividend

The company also recently declared 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 1.14%. The ex-dividend date of this dividend is Tuesday, September 16th. Taiwan Semiconductor Manufacturing's dividend payout ratio is 30.59%.

Analyst Ratings Changes

TSM has been the subject of a number of research reports. Citigroup reissued a "buy" rating on shares of Taiwan Semiconductor Manufacturing in a research note on Thursday, May 22nd. Susquehanna boosted their target price on Taiwan Semiconductor Manufacturing from $250.00 to $255.00 and gave the company a "positive" rating in a research note on Tuesday, June 17th. Barclays reaffirmed an "overweight" rating and issued a $240.00 target price (up 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 report on Thursday, April 17th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $222.50.

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.