Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) Shares Bought by Teamwork Financial Advisors LLC

Teamwork Financial Advisors LLC increased its position in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM - Free Report) by 706.7% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 14,836 shares of the semiconductor company's stock after acquiring an additional 12,997 shares during the quarter. Teamwork Financial Advisors LLC's holdings in Taiwan Semiconductor Manufacturing were worth $2,463,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently modified their holdings of TSM. Tallon Kerry Patrick purchased a new position in Taiwan Semiconductor Manufacturing in the fourth quarter worth approximately $228,000. LaFleur & Godfrey LLC purchased a new stake in Taiwan Semiconductor Manufacturing in the fourth quarter valued at approximately $221,000. Brighton Jones LLC increased its holdings in shares of Taiwan Semiconductor Manufacturing by 20.9% in the fourth quarter. Brighton Jones LLC now owns 10,930 shares of the semiconductor company's stock valued at $2,159,000 after purchasing an additional 1,892 shares during the period. Union Bancaire Privee UBP SA purchased a new position in Taiwan Semiconductor Manufacturing in the fourth quarter worth $91,830,000. Finally, Chicago Partners Investment Group LLC grew its holdings in Taiwan Semiconductor Manufacturing by 8.8% in the fourth quarter. Chicago Partners Investment Group LLC now owns 3,308 shares of the semiconductor company's stock valued at $685,000 after purchasing an additional 267 shares during the last quarter. Hedge funds and other institutional investors own 16.51% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have issued reports on the stock. Citigroup reaffirmed a "buy" rating on shares of Taiwan Semiconductor Manufacturing in a research note on Thursday, May 22nd. Susquehanna restated a "positive" rating on shares of Taiwan Semiconductor Manufacturing in a research report on Friday, April 25th. Needham & Company LLC reiterated a "buy" rating and issued a $225.00 price target on shares of Taiwan Semiconductor Manufacturing in a report on Thursday, April 17th. Finally, Barclays raised their price objective on Taiwan Semiconductor Manufacturing from $215.00 to $240.00 and gave the stock an "overweight" rating in a report on Tuesday. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $217.00.

Taiwan Semiconductor Manufacturing Trading Up 0.5%

Shares of TSM traded up $0.94 during mid-day trading on Thursday, reaching $203.34. The company had a trading volume of 11,415,981 shares, compared to its average volume of 15,836,953. Taiwan Semiconductor Manufacturing Company Limited has a fifty-two week low of $133.57 and a fifty-two week high of $226.40. The firm has a fifty day simple moving average of $172.79 and a 200-day simple moving average of $187.66. The stock has a market cap of $1.05 trillion, a price-to-earnings ratio of 28.88, a price-to-earnings-growth ratio of 0.66 and a beta of 1.21. The company has a current ratio of 2.57, a quick ratio of 2.30 and a debt-to-equity ratio of 0.24.

Taiwan Semiconductor Manufacturing (NYSE:TSM - Get Free Report) last posted its quarterly earnings results on Thursday, April 17th. The semiconductor company reported $2.12 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.03 by $0.09. The firm had revenue of $25.82 billion during the quarter, compared to the consensus estimate of $834.10 billion. Taiwan Semiconductor Manufacturing had a return on equity of 30.47% and a net margin of 40.51%. On average, sell-side analysts anticipate that Taiwan Semiconductor Manufacturing Company Limited will post 9.2 EPS for the current fiscal year.

Taiwan Semiconductor Manufacturing Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 9th. Shareholders of record on Tuesday, September 16th will be given a dividend of $0.6499 per share. The ex-dividend date is Tuesday, September 16th. This represents a $2.60 dividend on an annualized basis and a yield of 1.28%. Taiwan Semiconductor Manufacturing's dividend payout ratio (DPR) is 30.46%.

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.