Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM) Shares Acquired by Robocap Asset Management Ltd

Robocap Asset Management Ltd increased its holdings in shares of Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM - Free Report) by 56.6% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 30,610 shares of the semiconductor company's stock after acquiring an additional 11,061 shares during the quarter. Taiwan Semiconductor Manufacturing comprises 3.8% of Robocap Asset Management Ltd's investment portfolio, making the stock its 14th biggest position. Robocap Asset Management Ltd's holdings in Taiwan Semiconductor Manufacturing were worth $5,081,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. CapWealth Advisors LLC boosted its holdings in Taiwan Semiconductor Manufacturing by 1.4% in the 1st quarter. CapWealth Advisors LLC now owns 112,343 shares of the semiconductor company's stock valued at $18,649,000 after purchasing an additional 1,560 shares during the last quarter. M&T Bank Corp raised its stake in shares of Taiwan Semiconductor Manufacturing by 3.1% in the 1st quarter. M&T Bank Corp now owns 253,257 shares of the semiconductor company's stock valued at $42,040,000 after acquiring an additional 7,558 shares during the period. Stratos Wealth Advisors LLC increased its stake in Taiwan Semiconductor Manufacturing by 4.3% during the 1st quarter. Stratos Wealth Advisors LLC now owns 7,446 shares of the semiconductor company's stock worth $1,236,000 after buying an additional 308 shares during the period. Liberty One Investment Management LLC increased its stake in Taiwan Semiconductor Manufacturing by 11.3% during the 1st quarter. Liberty One Investment Management LLC now owns 1,032 shares of the semiconductor company's stock worth $171,000 after buying an additional 105 shares during the period. Finally, Blackhawk Capital Partners LLC. increased its position in shares of Taiwan Semiconductor Manufacturing by 24.8% in the 1st quarter. Blackhawk Capital Partners LLC. now owns 23,173 shares of the semiconductor company's stock valued at $3,847,000 after purchasing an additional 4,606 shares during the last quarter. 16.51% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have commented on TSM. Barclays reissued an "overweight" rating and issued a $240.00 price objective (up from $215.00) on shares of Taiwan Semiconductor Manufacturing in a research report on Tuesday, June 3rd. Susquehanna increased their price objective on shares of Taiwan Semiconductor Manufacturing from $250.00 to $255.00 and gave the company a "positive" rating in a research report on Tuesday, June 17th. Needham & Company LLC upped their target price on shares of Taiwan Semiconductor Manufacturing from $225.00 to $270.00 and gave the company a "buy" rating in a report on Tuesday, July 1st. Finally, Citigroup restated a "buy" rating on shares of Taiwan Semiconductor Manufacturing in a report on Thursday, May 22nd. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat, Taiwan Semiconductor Manufacturing presently has an average rating of "Moderate Buy" and an average target price of $233.75.

Taiwan Semiconductor Manufacturing Trading Down 2.4%

Shares of Taiwan Semiconductor Manufacturing stock opened at $229.22 on Tuesday. The company has a fifty day simple moving average of $201.71 and a 200-day simple moving average of $191.64. Taiwan Semiconductor Manufacturing Company Ltd. has a 12-month low of $133.57 and a 12-month high of $237.58. 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 $1.19 trillion, a price-to-earnings ratio of 29.46, a PEG ratio of 1.22 and a beta of 1.29.

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

Taiwan Semiconductor Manufacturing Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 9th. Stockholders of record on Tuesday, September 16th will be paid 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 1.13%. Taiwan Semiconductor Manufacturing's dividend payout ratio (DPR) is 30.59%.

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.

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