Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM) is Blackhawk Capital Partners LLC.'s 10th Largest Position

Blackhawk Capital Partners LLC. lifted its stake in Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM - Free Report) by 24.8% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 23,173 shares of the semiconductor company's stock after buying an additional 4,606 shares during the period. Taiwan Semiconductor Manufacturing makes up approximately 2.0% of Blackhawk Capital Partners LLC.'s investment portfolio, making the stock its 10th biggest position. Blackhawk Capital Partners LLC.'s holdings in Taiwan Semiconductor Manufacturing were worth $3,847,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in TSM. Guardian Partners Inc. bought a new stake in Taiwan Semiconductor Manufacturing during the fourth quarter worth $9,222,000. Pinnacle Investment Management Ltd bought a new position in shares of Taiwan Semiconductor Manufacturing in the 4th quarter valued at $26,661,000. Sentry LLC bought a new position in shares of Taiwan Semiconductor Manufacturing in the 1st quarter valued at $222,000. Compound Global Advisors LLC lifted its stake 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 valued at $747,000 after acquiring an additional 1,141 shares during the last quarter. Finally, Polymer Capital Management HK LTD lifted its stake 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 valued at $17,082,000 after acquiring an additional 27,938 shares during the last quarter. 16.51% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

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

Taiwan Semiconductor Manufacturing Stock Performance

Taiwan Semiconductor Manufacturing stock traded up $3.99 during mid-day trading on Wednesday, reaching $231.85. The company's stock had a trading volume of 9,455,497 shares, compared to its average volume of 15,362,955. The company has a debt-to-equity ratio of 0.22, a quick ratio of 2.18 and a current ratio of 2.39. The company has a market capitalization of $1.20 trillion, a P/E ratio of 29.80, a PEG ratio of 1.24 and a beta of 1.29. The firm's fifty day moving average price is $202.98 and its two-hundred day moving average price is $191.89. Taiwan Semiconductor Manufacturing Company Ltd. has a 12-month low of $133.57 and a 12-month high of $237.58.

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, topping the consensus estimate 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 business had revenue of $25.82 billion during the quarter, compared to analyst estimates of $834.10 billion. Sell-side analysts predict 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 issued 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 1.12%. Taiwan Semiconductor Manufacturing's payout ratio is 31.75%.

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.