Private Advisory Group LLC Buys 8,623 Shares of Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM)

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Private Advisory Group LLC lifted its holdings in shares of Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM - Free Report) by 17.0% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 59,289 shares of the semiconductor company's stock after purchasing an additional 8,623 shares during the period. Taiwan Semiconductor Manufacturing comprises about 1.1% of Private Advisory Group LLC's investment portfolio, making the stock its 21st biggest position. Private Advisory Group LLC's holdings in Taiwan Semiconductor Manufacturing were worth $9,842,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. DekaBank Deutsche Girozentrale lifted its position 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 purchasing an additional 11,693 shares during the period. Pinnacle Investment Management Ltd purchased a new stake in shares of Taiwan Semiconductor Manufacturing in the 4th quarter worth about $26,661,000. Sentry LLC purchased a new stake in shares of Taiwan Semiconductor Manufacturing in the 1st quarter worth about $222,000. Compound Global Advisors LLC lifted its position in shares of Taiwan Semiconductor Manufacturing by 31.2% in the 1st quarter. Compound Global Advisors LLC now owns 4,796 shares of the semiconductor company's stock worth $747,000 after purchasing an additional 1,141 shares during the period. Finally, Polymer Capital Management HK LTD lifted its position in shares of Taiwan Semiconductor Manufacturing by 47.7% in the 4th quarter. Polymer Capital Management HK LTD now owns 86,493 shares of the semiconductor company's stock worth $17,082,000 after purchasing an additional 27,938 shares during the period. Institutional investors own 16.51% of the company's stock.

Analysts Set New Price Targets

TSM has been the subject of several research analyst reports. Susquehanna raised their target price on shares of Taiwan Semiconductor Manufacturing from $255.00 to $265.00 and gave the stock a "positive" rating in a research report on Monday, July 14th. Needham & Company LLC reaffirmed a "buy" rating and issued a $270.00 target price on shares of Taiwan Semiconductor Manufacturing in a research report on Thursday, July 17th. Barclays reissued an "overweight" rating and set a $240.00 price target (up from $215.00) on shares of Taiwan Semiconductor Manufacturing in a research report on Tuesday, June 3rd. Finally, Citigroup reissued a "buy" rating on shares of Taiwan Semiconductor Manufacturing in a research report on Thursday, May 22nd. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $258.33.

Taiwan Semiconductor Manufacturing Stock Down 2.6%

NYSE:TSM traded down $6.36 on Friday, reaching $235.26. 3,848,870 shares of the stock traded hands, compared to its average volume of 15,393,035. The company has a market capitalization of $1.22 trillion, a price-to-earnings ratio of 26.79, a PEG ratio of 1.17 and a beta of 1.29. The company has a current ratio of 2.37, a quick ratio of 2.18 and a debt-to-equity ratio of 0.18. Taiwan Semiconductor Manufacturing Company Ltd. has a 12 month low of $133.57 and a 12 month high of $248.28. The company's fifty day simple moving average is $221.34 and its 200 day simple moving average is $195.83.

Taiwan Semiconductor Manufacturing (NYSE:TSM - Get Free Report) last released its quarterly earnings data on Thursday, July 17th. The semiconductor company reported $2.47 earnings per share for the quarter, beating analysts' consensus estimates of $2.13 by $0.34. Taiwan Semiconductor Manufacturing had a net margin of 42.91% and a return on equity of 32.87%. The business had revenue of $30.07 billion during the quarter, compared to analyst estimates of $28.50 billion. During the same period last year, the business earned $1.48 EPS. Taiwan Semiconductor Manufacturing's revenue was up 44.4% compared to the same quarter last year. Equities analysts predict that Taiwan Semiconductor Manufacturing Company Ltd. will post 9.2 EPS for the current fiscal year.

Taiwan Semiconductor Manufacturing Cuts Dividend

The business also recently declared 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 is Tuesday, September 16th. This represents a $2.60 dividend on an annualized basis and a dividend yield of 1.1%. Taiwan Semiconductor Manufacturing's payout ratio is currently 28.16%.

Taiwan Semiconductor Manufacturing Company 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.