Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM) Shares Bought by Sovran Advisors LLC

Sovran Advisors LLC grew its position in Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM - Free Report) by 94.7% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,988 shares of the semiconductor company's stock after buying an additional 3,398 shares during the quarter. Sovran Advisors LLC's holdings in Taiwan Semiconductor Manufacturing were worth $1,060,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in TSM. Heritage Wealth Advisors increased its stake in shares of Taiwan Semiconductor Manufacturing by 20.0% during the 4th quarter. Heritage Wealth Advisors now owns 300 shares of the semiconductor company's stock worth $59,000 after purchasing an additional 50 shares in the last quarter. First Heartland Consultants Inc. grew its holdings in Taiwan Semiconductor Manufacturing by 4.2% during the 4th quarter. First Heartland Consultants Inc. now owns 1,236 shares of the semiconductor company's stock valued at $244,000 after buying an additional 50 shares during the last quarter. Formidable Asset Management LLC increased 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 worth $317,000 after buying an additional 50 shares in the last quarter. Connecticut Wealth Management LLC increased 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 worth $1,465,000 after buying an additional 55 shares in the last quarter. Finally, WealthCollab LLC raised its holdings in shares of Taiwan Semiconductor Manufacturing by 6.7% in the fourth quarter. WealthCollab LLC now owns 891 shares of the semiconductor company's stock worth $176,000 after acquiring an additional 56 shares during the last quarter. Institutional investors and hedge funds own 16.51% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on TSM. Needham & Company LLC reissued a "buy" rating and issued a $225.00 target price on shares of Taiwan Semiconductor Manufacturing in a research note on Thursday, April 17th. Barclays reaffirmed an "overweight" rating and issued a $240.00 target price (up from $215.00) on shares of Taiwan Semiconductor Manufacturing in a research note on Tuesday, June 3rd. Susquehanna raised their price objective on Taiwan Semiconductor Manufacturing from $250.00 to $255.00 and gave the stock a "positive" rating in a report on Tuesday, June 17th. Finally, Citigroup reaffirmed a "buy" rating on shares of Taiwan Semiconductor Manufacturing in a research report on Thursday, May 22nd. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $222.50.

Taiwan Semiconductor Manufacturing Stock Up 2.0%

Shares of TSM opened at $228.47 on Monday. Taiwan Semiconductor Manufacturing Company Ltd. has a fifty-two week low of $133.57 and a fifty-two week high of $228.88. The company's fifty day moving average is $192.99 and its two-hundred day moving average is $190.28. The firm has a market cap of $1.18 trillion, a PE ratio of 29.37, a price-to-earnings-growth ratio of 1.18 and a beta of 1.27. The company has a quick ratio of 2.18, a current ratio of 2.39 and a debt-to-equity ratio of 0.22.

Taiwan Semiconductor Manufacturing (NYSE:TSM - Get Free Report) last issued its earnings results on Thursday, April 17th. The semiconductor company reported $2.12 earnings per share for the quarter, beating analysts' consensus estimates of $2.03 by $0.09. Taiwan Semiconductor Manufacturing had a return on equity of 31.43% and a net margin of 41.67%. The firm had revenue of $25.82 billion for the quarter, compared to analysts' expectations of $834.10 billion. Analysts forecast that Taiwan Semiconductor Manufacturing Company Ltd. will post 9.2 earnings per share for the current year.

Taiwan Semiconductor Manufacturing Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 9th. Investors of record on Tuesday, September 16th will be issued a $0.6499 dividend. The ex-dividend date is Tuesday, September 16th. This represents a $2.60 annualized dividend and a yield of 1.14%. Taiwan Semiconductor Manufacturing's payout ratio 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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