Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM) Shares Purchased by Easterly Investment Partners LLC

Easterly Investment Partners LLC boosted its position in shares of Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM - Free Report) by 3.1% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 46,103 shares of the semiconductor company's stock after acquiring an additional 1,371 shares during the quarter. Easterly Investment Partners LLC's holdings in Taiwan Semiconductor Manufacturing were worth $7,653,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. Montrusco Bolton Investments Inc. increased its position in Taiwan Semiconductor Manufacturing by 14.3% during the first quarter. Montrusco Bolton Investments Inc. now owns 553,987 shares of the semiconductor company's stock valued at $87,371,000 after acquiring an additional 69,435 shares during the last quarter. Verdence Capital Advisors LLC increased its position in Taiwan Semiconductor Manufacturing by 9.9% during the first quarter. Verdence Capital Advisors LLC now owns 17,782 shares of the semiconductor company's stock valued at $2,952,000 after acquiring an additional 1,598 shares during the last quarter. Legacy Capital Wealth Partners LLC increased its position in Taiwan Semiconductor Manufacturing by 3.3% during the first quarter. Legacy Capital Wealth Partners LLC now owns 4,058 shares of the semiconductor company's stock valued at $674,000 after acquiring an additional 129 shares during the last quarter. Allen Capital Group LLC increased its position in Taiwan Semiconductor Manufacturing by 7.5% during the first quarter. Allen Capital Group LLC now owns 40,368 shares of the semiconductor company's stock valued at $6,701,000 after acquiring an additional 2,812 shares during the last quarter. Finally, FWG Holdings LLC increased its position in Taiwan Semiconductor Manufacturing by 8.8% during the first quarter. FWG Holdings LLC now owns 4,766 shares of the semiconductor company's stock valued at $784,000 after acquiring an additional 387 shares during the last quarter. Hedge funds and other institutional investors own 16.51% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on TSM shares. Needham & Company LLC reissued a "buy" rating and set a $270.00 price target on shares of Taiwan Semiconductor Manufacturing in a report on Thursday. Barclays reissued 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. Susquehanna set a $265.00 price target on Taiwan Semiconductor Manufacturing and gave the company a "positive" rating in a report on Monday. Finally, Citigroup reissued a "buy" rating on shares of Taiwan Semiconductor Manufacturing in a report on Thursday, May 22nd. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $236.25.

Taiwan Semiconductor Manufacturing Trading Down 2.1%

TSM stock traded down $5.20 during midday trading on Friday, reaching $240.40. 16,235,822 shares of the company traded hands, compared to its average volume of 15,174,855. Taiwan Semiconductor Manufacturing Company Ltd. has a 52-week low of $133.57 and a 52-week high of $248.28. 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 business has a 50 day moving average of $211.45 and a 200-day moving average of $193.43. The firm has a market capitalization of $1.25 trillion, a price-to-earnings ratio of 30.90, a P/E/G ratio of 1.28 and a beta of 1.29.

Taiwan Semiconductor Manufacturing (NYSE:TSM - Get Free Report) last issued its quarterly earnings results on Thursday, July 17th. The semiconductor company reported $2.47 earnings per share for the quarter, topping the consensus estimate of $2.13 by $0.34. Taiwan Semiconductor Manufacturing had a return on equity of 31.43% and a net margin of 41.67%. The firm had revenue of $30.07 billion for the quarter, compared to the consensus estimate of $28.50 billion. During the same period in the prior year, the business posted $1.48 earnings per share. The company's revenue for the quarter was up 44.4% on a year-over-year basis. As a group, sell-side analysts expect that Taiwan Semiconductor Manufacturing Company Ltd. will post 9.2 earnings per share for the current fiscal year.

Taiwan Semiconductor Manufacturing Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 9th. Investors 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 yield of 1.08%. Taiwan Semiconductor Manufacturing's dividend payout ratio (DPR) is currently 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.