WCM Investment Management LLC Buys 59,079 Shares of Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM)

WCM Investment Management LLC grew its position in Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM - Free Report) by 0.6% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,734,044 shares of the semiconductor company's stock after buying an additional 59,079 shares during the period. Taiwan Semiconductor Manufacturing accounts for approximately 4.1% of WCM Investment Management LLC's investment portfolio, making the stock its 5th largest position. WCM Investment Management LLC owned 0.19% of Taiwan Semiconductor Manufacturing worth $1,608,551,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in TSM. Detalus Advisors LLC increased its stake in Taiwan Semiconductor Manufacturing by 4.9% during the first quarter. Detalus Advisors LLC now owns 1,521 shares of the semiconductor company's stock worth $252,000 after acquiring an additional 71 shares during the last quarter. Arbor Capital Management Inc. ADV lifted its stake in shares of Taiwan Semiconductor Manufacturing by 2.8% in the 1st quarter. Arbor Capital Management Inc. ADV now owns 9,700 shares of the semiconductor company's stock valued at $1,627,000 after purchasing an additional 267 shares during the last quarter. Oregon Pacific Wealth Management LLC lifted its stake in shares of Taiwan Semiconductor Manufacturing by 6.7% in the 1st quarter. Oregon Pacific Wealth Management LLC now owns 3,099 shares of the semiconductor company's stock valued at $514,000 after purchasing an additional 194 shares during the last quarter. Alterna Wealth Management Inc. grew its holdings in shares of Taiwan Semiconductor Manufacturing by 50.9% during the 1st quarter. Alterna Wealth Management Inc. now owns 1,747 shares of the semiconductor company's stock worth $290,000 after purchasing an additional 589 shares during the period. Finally, Keybank National Association OH increased its position in shares of Taiwan Semiconductor Manufacturing by 6.0% during the 1st quarter. Keybank National Association OH now owns 40,751 shares of the semiconductor company's stock worth $6,765,000 after purchasing an additional 2,302 shares during the last quarter. Institutional investors and hedge funds own 16.51% of the company's stock.

Taiwan Semiconductor Manufacturing Trading Up 4.0%

Taiwan Semiconductor Manufacturing stock traded up $8.93 during midday trading on Wednesday, reaching $233.61. 11,990,180 shares of the stock traded hands, compared to its average volume of 15,446,685. The firm has a market cap of $1.21 trillion, a PE ratio of 30.03, a price-to-earnings-growth ratio of 1.17 and a beta of 1.29. The company has a current ratio of 2.39, a quick ratio of 2.18 and a debt-to-equity ratio of 0.22. The company has a 50-day simple moving average of $196.04 and a two-hundred day simple moving average of $190.70. Taiwan Semiconductor Manufacturing Company Ltd. has a 12-month low of $133.57 and a 12-month high of $233.80.

Taiwan Semiconductor Manufacturing (NYSE:TSM - Get Free Report) last posted its quarterly earnings data on Thursday, April 17th. The semiconductor company reported $2.12 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 net margin of 41.67% and a return on equity of 31.43%. Research 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 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 $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 1.11%. Taiwan Semiconductor Manufacturing's dividend payout ratio is presently 30.59%.

Analyst Ratings Changes

A number of research firms have commented on TSM. Susquehanna upped their target price on shares of Taiwan Semiconductor Manufacturing from $250.00 to $255.00 and gave the company a "positive" rating in a research report on Tuesday, June 17th. Citigroup reissued a "buy" rating on shares of Taiwan Semiconductor Manufacturing in a research note on Thursday, May 22nd. Barclays reaffirmed an "overweight" rating and set a $240.00 price objective (up previously from $215.00) on shares of Taiwan Semiconductor Manufacturing in a research report on Tuesday, June 3rd. Finally, Needham & Company LLC lifted their target price on shares of Taiwan Semiconductor Manufacturing from $225.00 to $270.00 and gave the company a "buy" rating in a report on Tuesday. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $233.75.

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.