Union Bancaire Privee UBP SA Acquires 144,140 Shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Union Bancaire Privee UBP SA boosted its position in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM - Free Report) by 31.2% in the first quarter, according to the company in its most recent filing with the SEC. The firm owned 606,531 shares of the semiconductor company's stock after acquiring an additional 144,140 shares during the quarter. Taiwan Semiconductor Manufacturing comprises about 2.3% of Union Bancaire Privee UBP SA's portfolio, making the stock its 12th largest position. Union Bancaire Privee UBP SA's holdings in Taiwan Semiconductor Manufacturing were worth $99,240,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Stonebridge Financial Group LLC purchased a new stake in Taiwan Semiconductor Manufacturing during the 4th quarter worth approximately $25,000. IMG Wealth Management Inc. purchased a new stake in Taiwan Semiconductor Manufacturing in the 4th quarter valued at approximately $26,000. Hopwood Financial Services Inc. acquired a new position in shares of Taiwan Semiconductor Manufacturing during the 4th quarter worth approximately $27,000. City Holding Co. increased its holdings in shares of Taiwan Semiconductor Manufacturing by 238.0% during the 1st quarter. City Holding Co. now owns 169 shares of the semiconductor company's stock worth $28,000 after buying an additional 119 shares during the last quarter. Finally, Roxbury Financial LLC purchased a new stake in Taiwan Semiconductor Manufacturing during the 4th quarter worth $29,000. Institutional investors and hedge funds own 16.51% of the company's stock.

Taiwan Semiconductor Manufacturing Price Performance

Shares of Taiwan Semiconductor Manufacturing stock traded up $1.24 on Thursday, hitting $215.34. The company had a trading volume of 9,769,787 shares, compared to its average volume of 15,745,808. The company has a market cap of $1.12 trillion, a PE ratio of 30.59, a PEG ratio of 0.66 and a beta of 1.27. Taiwan Semiconductor Manufacturing Company Limited has a 52 week low of $133.57 and a 52 week high of $226.40. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.57 and a quick ratio of 2.30. The business has a 50-day simple moving average of $177.44 and a 200-day simple moving average of $188.32.

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, topping analysts' consensus estimates of $2.03 by $0.09. The firm had revenue of $25.82 billion during the quarter, compared to analysts' expectations of $834.10 billion. Taiwan Semiconductor Manufacturing had a net margin of 40.51% and a return on equity of 30.47%. Research analysts expect that Taiwan Semiconductor Manufacturing Company Limited will post 9.2 EPS for the current fiscal year.

Taiwan Semiconductor Manufacturing Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 9th. Stockholders of record on Tuesday, September 16th will be paid a $0.6499 dividend. This represents a $2.60 dividend on an annualized basis and a dividend yield of 1.21%. The ex-dividend date of this dividend is Tuesday, September 16th. Taiwan Semiconductor Manufacturing's dividend payout ratio (DPR) is presently 30.46%.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on TSM shares. Needham & Company LLC reaffirmed a "buy" rating and set a $225.00 price target on shares of Taiwan Semiconductor Manufacturing in a research report on Thursday, April 17th. Barclays restated an "overweight" rating and issued a $240.00 price target (up previously from $215.00) on shares of Taiwan Semiconductor Manufacturing in a research note on Tuesday, June 3rd. Citigroup restated a "buy" rating on shares of Taiwan Semiconductor Manufacturing in a research note on Thursday, May 22nd. Finally, Susquehanna restated a "positive" rating on shares of Taiwan Semiconductor Manufacturing in a research note on Friday, April 25th. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $217.00.

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.