Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM) Shares Acquired by Milestones Administradora de Recursos Ltda.

Milestones Administradora de Recursos Ltda. increased its position in Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM - Free Report) by 13.9% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 50,140 shares of the semiconductor company's stock after buying an additional 6,100 shares during the period. Taiwan Semiconductor Manufacturing comprises 4.2% of Milestones Administradora de Recursos Ltda.'s portfolio, making the stock its 7th largest holding. Milestones Administradora de Recursos Ltda.'s holdings in Taiwan Semiconductor Manufacturing were worth $8,323,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of TSM. Heritage Wealth Advisors raised its position in Taiwan Semiconductor Manufacturing by 20.0% during the fourth quarter. Heritage Wealth Advisors now owns 300 shares of the semiconductor company's stock valued at $59,000 after acquiring an additional 50 shares in the last quarter. First Heartland Consultants Inc. raised its position in Taiwan Semiconductor Manufacturing by 4.2% during the fourth quarter. First Heartland Consultants Inc. now owns 1,236 shares of the semiconductor company's stock valued at $244,000 after acquiring an additional 50 shares in the last quarter. Formidable Asset Management LLC raised its position in Taiwan Semiconductor Manufacturing by 3.2% during the fourth quarter. Formidable Asset Management LLC now owns 1,606 shares of the semiconductor company's stock valued at $317,000 after acquiring an additional 50 shares in the last quarter. Connecticut Wealth Management LLC raised its position in Taiwan Semiconductor Manufacturing by 0.7% during the fourth quarter. Connecticut Wealth Management LLC now owns 7,416 shares of the semiconductor company's stock valued at $1,465,000 after acquiring an additional 55 shares in the last quarter. Finally, WealthCollab LLC raised its position in Taiwan Semiconductor Manufacturing by 6.7% during the fourth quarter. WealthCollab LLC now owns 891 shares of the semiconductor company's stock valued at $176,000 after acquiring an additional 56 shares in the last quarter. Institutional investors and hedge funds own 16.51% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the stock. Susquehanna set a $265.00 price objective on shares of Taiwan Semiconductor Manufacturing and gave the company a "positive" rating in a research report on Monday, July 14th. 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 report on Tuesday, June 3rd. Needham & Company LLC reiterated a "buy" rating and set a $270.00 price target on shares of Taiwan Semiconductor Manufacturing in a report on Thursday. Finally, Citigroup reiterated a "buy" rating on shares of Taiwan Semiconductor Manufacturing in a report on Thursday, May 22nd. One investment 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 stock has an average rating of "Moderate Buy" and a consensus price target of $258.33.

Taiwan Semiconductor Manufacturing Trading Down 2.1%

Shares of TSM stock opened at $240.40 on Friday. Taiwan Semiconductor Manufacturing Company Ltd. has a 12 month low of $133.57 and a 12 month high of $248.28. The company has a quick ratio of 2.18, a current ratio of 2.39 and a debt-to-equity ratio of 0.22. The business's 50 day moving average is $212.72 and its two-hundred day moving average is $193.70. The company has a market cap of $1.25 trillion, a PE ratio of 27.41, a price-to-earnings-growth ratio of 1.29 and a beta of 1.29.

Taiwan Semiconductor Manufacturing (NYSE:TSM - Get Free Report) last announced its quarterly earnings data on Thursday, July 17th. The semiconductor company reported $2.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.13 by $0.34. The business had revenue of $30.07 billion for the quarter, compared to the consensus estimate of $28.50 billion. Taiwan Semiconductor Manufacturing had a net margin of 42.91% and a return on equity of 34.53%. Taiwan Semiconductor Manufacturing's quarterly revenue was up 44.4% on a year-over-year basis. During the same quarter last year, the company posted $1.48 earnings per share. Equities analysts predict that Taiwan Semiconductor Manufacturing Company Ltd. will post 9.2 EPS for the current year.

Taiwan Semiconductor Manufacturing Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 9th. Stockholders of record on Tuesday, September 16th will be paid a $0.6499 dividend. The ex-dividend date of this dividend is Tuesday, September 16th. This represents a $2.60 annualized dividend and a dividend yield of 1.08%. Taiwan Semiconductor Manufacturing's payout ratio is 28.16%.

About Taiwan Semiconductor Manufacturing

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.

Want to see what other hedge funds are holding TSM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.