International Assets Investment Management LLC Acquires 3,094 Shares of Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM)

International Assets Investment Management LLC lifted its position in Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM) by 39.7% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 10,882 shares of the semiconductor company’s stock after purchasing an additional 3,094 shares during the quarter. International Assets Investment Management LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $1,806,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in TSM. Cornerstone Wealth Group LLC boosted its position in Taiwan Semiconductor Manufacturing by 5.0% during the first quarter. Cornerstone Wealth Group LLC now owns 2,017 shares of the semiconductor company’s stock valued at $335,000 after buying an additional 96 shares during the period. Balboa Wealth Partners raised its stake in Taiwan Semiconductor Manufacturing by 7.6% in the first quarter. Balboa Wealth Partners now owns 32,503 shares of the semiconductor company’s stock worth $5,396,000 after buying an additional 2,283 shares in the last quarter. Chevy Chase Trust Holdings LLC raised its stake in Taiwan Semiconductor Manufacturing by 19.2% in the first quarter. Chevy Chase Trust Holdings LLC now owns 6,324 shares of the semiconductor company’s stock worth $1,050,000 after buying an additional 1,018 shares in the last quarter. YHB Investment Advisors Inc. raised its stake in Taiwan Semiconductor Manufacturing by 5.5% in the first quarter. YHB Investment Advisors Inc. now owns 42,487 shares of the semiconductor company’s stock worth $7,053,000 after buying an additional 2,212 shares in the last quarter. Finally, Smith & Howard Wealth Management LLC increased its stake in shares of Taiwan Semiconductor Manufacturing by 8.9% during the first quarter. Smith & Howard Wealth Management LLC now owns 1,372 shares of the semiconductor company’s stock valued at $228,000 after purchasing an additional 112 shares in the last quarter. 16.51% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on TSM. Susquehanna raised their price target 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 reiterated a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a research note on Thursday, May 22nd. 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, Needham & Company LLC reiterated a “buy” rating and issued a $225.00 price target on shares of Taiwan Semiconductor Manufacturing in a report on Thursday, April 17th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $222.50.

Taiwan Semiconductor Manufacturing Price Performance

Shares of TSM opened at $210.47 on Tuesday. The company has a debt-to-equity ratio of 0.22, a quick ratio of 2.18 and a current ratio of 2.39. The stock has a market capitalization of $1.09 trillion, a PE ratio of 27.05, a PEG ratio of 1.08 and a beta of 1.27. The company has a 50 day moving average price of $187.34 and a 200-day moving average price of $189.45. Taiwan Semiconductor Manufacturing Company Ltd. has a fifty-two week low of $133.57 and a fifty-two week high of $226.40.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last posted its quarterly earnings data on Thursday, April 17th. The semiconductor company reported $2.12 EPS for the quarter, topping the consensus estimate of $2.03 by $0.09. Taiwan Semiconductor Manufacturing had a net margin of 41.67% and a return on equity of 31.43%. The firm had revenue of $25.82 billion during the quarter, compared to analyst estimates of $834.10 billion. Equities analysts predict 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 disclosed a quarterly dividend, which will be paid on Thursday, October 9th. Stockholders of record on Tuesday, September 16th will be issued a $0.6499 dividend. This represents a $2.60 annualized dividend and a dividend yield of 1.24%. The ex-dividend date of this dividend is Tuesday, September 16th. Taiwan Semiconductor Manufacturing’s dividend payout ratio (DPR) is currently 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.