Strategic Advisors LLC Makes New $1.36 Million Investment in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Strategic Advisors LLC purchased a new stake in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 8,210 shares of the semiconductor company’s stock, valued at approximately $1,363,000.

Other institutional investors have also made changes to their positions in the company. Guardian Partners Inc. acquired a new stake in shares of Taiwan Semiconductor Manufacturing during the 4th quarter worth $9,222,000. Hardman Johnston Global Advisors LLC grew its stake in Taiwan Semiconductor Manufacturing by 7.6% during the fourth quarter. Hardman Johnston Global Advisors LLC now owns 381,432 shares of the semiconductor company’s stock worth $75,329,000 after buying an additional 26,847 shares in the last quarter. Pinnacle Investment Management Ltd bought a new position in Taiwan Semiconductor Manufacturing in the 4th quarter valued at about $26,661,000. Alphinity Investment Management Pty Ltd acquired a new position in shares of Taiwan Semiconductor Manufacturing in the 4th quarter valued at approximately $349,241,000. Finally, North of South Capital LLP lifted its holdings in shares of Taiwan Semiconductor Manufacturing by 15.8% during the 4th quarter. North of South Capital LLP now owns 516,404 shares of the semiconductor company’s stock worth $101,985,000 after acquiring an additional 70,362 shares during the period. 16.51% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have commented on TSM. Needham & Company LLC restated a “buy” rating and set a $225.00 price objective on shares of Taiwan Semiconductor Manufacturing in a research report on Thursday, April 17th. Susquehanna reissued a “positive” rating on shares of Taiwan Semiconductor Manufacturing in a report on Friday, April 25th. 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. Finally, Citigroup reiterated a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a research report on Thursday, May 22nd. Two analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, Taiwan Semiconductor Manufacturing presently has a consensus rating of “Moderate Buy” and an average target price of $217.00.

Taiwan Semiconductor Manufacturing Trading Up 2.1%

NYSE TSM opened at $215.54 on Tuesday. The company has a market cap of $1.12 trillion, a price-to-earnings ratio of 30.62, a price-to-earnings-growth ratio of 0.66 and a beta of 1.27. Taiwan Semiconductor Manufacturing Company Limited has a twelve month low of $133.57 and a twelve month high of $226.40. The company has a quick ratio of 2.30, a current ratio of 2.57 and a debt-to-equity ratio of 0.24. The business’s fifty day moving average is $181.73 and its 200 day moving average is $189.04.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last released 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 firm had revenue of $25.82 billion during the quarter, compared to the consensus estimate of $834.10 billion. Taiwan Semiconductor Manufacturing had a net margin of 40.51% and a return on equity of 30.47%. As a group, sell-side analysts expect that Taiwan Semiconductor Manufacturing Company Limited will post 9.2 EPS for the current fiscal year.

Taiwan Semiconductor Manufacturing Cuts Dividend

The company also recently announced 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. The ex-dividend date of this dividend is Tuesday, September 16th. This represents a $2.60 annualized dividend and a dividend yield of 1.21%. Taiwan Semiconductor Manufacturing’s dividend payout ratio is presently 33.42%.

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.