Waverton Investment Management Ltd Has $139.36 Million Stock Position in Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM)

Waverton Investment Management Ltd lowered its stake in Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM - Free Report) by 3.9% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 839,779 shares of the semiconductor company's stock after selling 34,185 shares during the quarter. Taiwan Semiconductor Manufacturing makes up 2.2% of Waverton Investment Management Ltd's investment portfolio, making the stock its 22nd largest holding. Waverton Investment Management Ltd's holdings in Taiwan Semiconductor Manufacturing were worth $139,361,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Quilter Plc increased its position in shares of Taiwan Semiconductor Manufacturing by 5.3% in the first quarter. Quilter Plc now owns 624,885 shares of the semiconductor company's stock worth $103,731,000 after acquiring an additional 31,551 shares in the last quarter. Jaffetilchin Investment Partners LLC purchased a new stake in shares of Taiwan Semiconductor Manufacturing in the 1st quarter valued at approximately $274,000. Artemis Investment Management LLP boosted its stake in Taiwan Semiconductor Manufacturing by 0.8% in the 1st quarter. Artemis Investment Management LLP now owns 98,988 shares of the semiconductor company's stock worth $16,432,000 after purchasing an additional 767 shares during the period. Canvas Wealth Advisors LLC grew its position in Taiwan Semiconductor Manufacturing by 9.7% during the 1st quarter. Canvas Wealth Advisors LLC now owns 3,442 shares of the semiconductor company's stock worth $521,000 after purchasing an additional 305 shares in the last quarter. Finally, Hunter Perkins Capital Management LLC raised its stake in Taiwan Semiconductor Manufacturing by 43.1% during the 1st quarter. Hunter Perkins Capital Management LLC now owns 36,119 shares of the semiconductor company's stock valued at $6,012,000 after purchasing an additional 10,874 shares during the period. Institutional investors and hedge funds own 16.51% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the company. Susquehanna raised their target price on Taiwan Semiconductor Manufacturing from $250.00 to $255.00 and gave the stock a "positive" rating in a research report on Tuesday, June 17th. Barclays restated an "overweight" rating and set a $240.00 price objective (up from $215.00) on shares of Taiwan Semiconductor Manufacturing in a research report on Tuesday, June 3rd. Needham & Company LLC reiterated a "buy" rating and issued a $225.00 target price on shares of Taiwan Semiconductor Manufacturing in a report on Thursday, April 17th. Finally, Citigroup restated a "buy" rating on shares of Taiwan Semiconductor Manufacturing in a 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.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $222.50.

Taiwan Semiconductor Manufacturing Price Performance

TSM opened at $224.04 on Friday. The stock has a fifty day moving average price of $191.46 and a 200 day moving average price of $190.06. The company has a current ratio of 2.39, a quick ratio of 2.18 and a debt-to-equity ratio of 0.22. Taiwan Semiconductor Manufacturing Company Ltd. has a 1 year low of $133.57 and a 1 year high of $226.40. The stock has a market cap of $1.16 trillion, a price-to-earnings ratio of 28.80, a PEG ratio of 1.15 and a beta of 1.27.

Taiwan Semiconductor Manufacturing (NYSE:TSM - Get Free Report) last announced its quarterly earnings results on Thursday, April 17th. The semiconductor company reported $2.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.03 by $0.09. The business had revenue of $25.82 billion during the quarter, compared to analyst estimates of $834.10 billion. Taiwan Semiconductor Manufacturing had a return on equity of 31.43% and a net margin of 41.67%. Analysts forecast 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. Shareholders of record on Tuesday, September 16th will be given a $0.6499 dividend. This represents a $2.60 annualized dividend and a yield of 1.16%. The ex-dividend date of this dividend is Tuesday, September 16th. Taiwan Semiconductor Manufacturing's dividend payout ratio is 30.59%.

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.

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