Whittier Trust Co. of Nevada Inc. Acquires 3,578 Shares of Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM)

Whittier Trust Co. of Nevada Inc. grew its position in shares of Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM - Free Report) by 12.2% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 32,869 shares of the semiconductor company's stock after purchasing an additional 3,578 shares during the period. Whittier Trust Co. of Nevada Inc.'s holdings in Taiwan Semiconductor Manufacturing were worth $5,456,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the company. Whittier Trust Co. grew its position in Taiwan Semiconductor Manufacturing by 2.1% in the first quarter. Whittier Trust Co. now owns 50,596 shares of the semiconductor company's stock worth $8,399,000 after acquiring an additional 1,017 shares in the last quarter. Hager Investment Management Services LLC boosted its position in Taiwan Semiconductor Manufacturing by 18.9% during the first quarter. Hager Investment Management Services LLC now owns 13,507 shares of the semiconductor company's stock valued at $2,242,000 after buying an additional 2,148 shares during the period. Grey Fox Wealth Advisors LLC boosted its position in Taiwan Semiconductor Manufacturing by 5.2% during the first quarter. Grey Fox Wealth Advisors LLC now owns 4,138 shares of the semiconductor company's stock valued at $690,000 after buying an additional 205 shares during the period. Graybill Wealth Management LTD. purchased a new stake in Taiwan Semiconductor Manufacturing during the first quarter valued at about $33,000. Finally, Leo Wealth LLC boosted its position in Taiwan Semiconductor Manufacturing by 19.0% during the first quarter. Leo Wealth LLC now owns 3,707 shares of the semiconductor company's stock valued at $615,000 after buying an additional 592 shares during the period. 16.51% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

TSM has been the subject of several analyst reports. Susquehanna set a $265.00 price target on shares of Taiwan Semiconductor Manufacturing and gave the company a "positive" rating in a research report on Monday. Citigroup restated a "buy" rating on shares of Taiwan Semiconductor Manufacturing in a research report on Thursday, May 22nd. Needham & Company LLC restated a "buy" rating and set a $270.00 price target on shares of Taiwan Semiconductor Manufacturing in a research report on Thursday. Finally, Barclays reaffirmed an "overweight" rating and set a $240.00 price objective (up from $215.00) on shares of Taiwan Semiconductor Manufacturing in a research note on Tuesday, June 3rd. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, Taiwan Semiconductor Manufacturing presently has an average rating of "Moderate Buy" and an average price target of $236.25.

Taiwan Semiconductor Manufacturing Trading Down 2.5%

Shares of NYSE:TSM traded down $6.09 during midday trading on Friday, hitting $239.51. 8,161,147 shares of the stock traded hands, compared to its average volume of 15,144,825. Taiwan Semiconductor Manufacturing Company Ltd. has a one year low of $133.57 and a one year high of $248.28. The stock has a market capitalization of $1.24 trillion, a PE ratio of 30.80, a P/E/G ratio of 1.28 and a beta of 1.29. The business's 50 day moving average is $211.45 and its two-hundred day moving average is $193.43. 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 released its quarterly earnings results on Thursday, July 17th. The semiconductor company reported $2.47 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.13 by $0.34. Taiwan Semiconductor Manufacturing had a net margin of 41.67% and a return on equity of 31.43%. The company had revenue of $30.07 billion during the quarter, compared to the consensus estimate of $28.50 billion. During the same period in the prior year, the firm earned $1.48 earnings per share. Taiwan Semiconductor Manufacturing's revenue was up 44.4% on a year-over-year basis. As a group, research 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 business also recently declared a quarterly dividend, which will be paid on Thursday, October 9th. Investors 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 yield of 1.09%. The ex-dividend date of this dividend is Tuesday, September 16th. Taiwan Semiconductor Manufacturing's payout ratio is currently 31.75%.

Taiwan Semiconductor Manufacturing 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.