Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM) Shares Purchased by Grove Bank & Trust

Grove Bank & Trust raised its position in Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM) by 4.0% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,510 shares of the semiconductor company’s stock after acquiring an additional 136 shares during the quarter. Grove Bank & Trust’s holdings in Taiwan Semiconductor Manufacturing were worth $583,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Stockman Wealth Management Inc. increased its stake in Taiwan Semiconductor Manufacturing by 13.9% during the 1st quarter. Stockman Wealth Management Inc. now owns 2,569 shares of the semiconductor company’s stock worth $426,000 after buying an additional 314 shares during the period. Sentry LLC acquired a new stake in shares of Taiwan Semiconductor Manufacturing during the first quarter valued at about $222,000. Great Lakes Retirement Inc. increased its position in shares of Taiwan Semiconductor Manufacturing by 4.4% during the first quarter. Great Lakes Retirement Inc. now owns 17,091 shares of the semiconductor company’s stock worth $2,848,000 after acquiring an additional 714 shares during the last quarter. Lorne Steinberg Wealth Management Inc. increased its position in shares of Taiwan Semiconductor Manufacturing by 0.5% during the first quarter. Lorne Steinberg Wealth Management Inc. now owns 29,163 shares of the semiconductor company’s stock worth $4,841,000 after acquiring an additional 131 shares during the last quarter. Finally, Western Pacific Wealth Management LP lifted its stake in shares of Taiwan Semiconductor Manufacturing by 56.2% in the first quarter. Western Pacific Wealth Management LP now owns 2,056 shares of the semiconductor company’s stock worth $341,000 after acquiring an additional 740 shares in the last quarter. Hedge funds and other institutional investors own 16.51% of the company’s stock.

Taiwan Semiconductor Manufacturing Trading Down 0.8%

NYSE:TSM opened at $213.94 on Wednesday. The company has a market cap of $1.11 trillion, a PE ratio of 27.50, a P/E/G ratio of 1.12 and a beta of 1.27. The business’s 50 day moving average is $182.84 and its two-hundred day moving average is $189.21. 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 Company Ltd. has a 52 week low of $133.57 and a 52 week high of $226.40.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last announced its quarterly earnings data on Thursday, April 17th. The semiconductor company reported $2.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.03 by $0.09. Taiwan Semiconductor Manufacturing had a return on equity of 31.43% and a net margin of 41.67%. The firm had revenue of $25.82 billion for the quarter, compared to analysts’ expectations of $834.10 billion. On average, analysts predict that Taiwan Semiconductor Manufacturing Company Ltd. will post 9.2 EPS for the current year.

Taiwan Semiconductor Manufacturing Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 9th. Investors of record on Tuesday, September 16th will be given a dividend of $0.6499 per share. This represents a $2.60 dividend on an annualized basis and a dividend yield of 1.22%. The ex-dividend date is Tuesday, September 16th. Taiwan Semiconductor Manufacturing’s dividend payout ratio is presently 30.59%.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on TSM shares. Needham & Company LLC restated a “buy” rating and set a $225.00 price objective on shares of Taiwan Semiconductor Manufacturing in a research note on Thursday, April 17th. Barclays reissued an “overweight” rating and set a $240.00 price target (up previously from $215.00) on shares of Taiwan Semiconductor Manufacturing in a research report 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 upped their price target on shares of Taiwan Semiconductor Manufacturing from $250.00 to $255.00 and gave the company a “positive” rating in a report on Tuesday. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $218.00.

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.