874 Shares in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) Purchased by Northwest Investment Counselors LLC

Northwest Investment Counselors LLC purchased a new position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 874 shares of the semiconductor company’s stock, valued at approximately $119,000.

Other large investors also recently bought and sold shares of the company. Johnson Financial Group Inc. acquired a new position in shares of Taiwan Semiconductor Manufacturing during the fourth quarter valued at approximately $25,000. Financial Gravity Asset Management Inc. raised its holdings in shares of Taiwan Semiconductor Manufacturing by 208.9% during the third quarter. Financial Gravity Asset Management Inc. now owns 312 shares of the semiconductor company’s stock valued at $27,000 after acquiring an additional 211 shares during the last quarter. Sachetta LLC acquired a new position in shares of Taiwan Semiconductor Manufacturing during the fourth quarter valued at approximately $29,000. Farmers & Merchants Investments Inc. acquired a new position in shares of Taiwan Semiconductor Manufacturing during the fourth quarter valued at approximately $31,000. Finally, Creative Financial Designs Inc. ADV raised its holdings in shares of Taiwan Semiconductor Manufacturing by 108.7% during the fourth quarter. Creative Financial Designs Inc. ADV now owns 311 shares of the semiconductor company’s stock valued at $32,000 after acquiring an additional 162 shares during the last quarter. Institutional investors and hedge funds own 16.51% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have commented on the company. Sanford C. Bernstein increased their target price on Taiwan Semiconductor Manufacturing from $150.00 to $200.00 and gave the company an “outperform” rating in a report on Thursday, June 20th. Barclays increased their target price on Taiwan Semiconductor Manufacturing from $150.00 to $170.00 and gave the company an “overweight” rating in a report on Wednesday, June 5th. StockNews.com raised Taiwan Semiconductor Manufacturing from a “hold” rating to a “buy” rating in a report on Thursday, April 11th. Needham & Company LLC reaffirmed a “buy” rating and issued a $168.00 price target on shares of Taiwan Semiconductor Manufacturing in a report on Wednesday, May 22nd. Finally, Susquehanna increased their price target on Taiwan Semiconductor Manufacturing from $180.00 to $200.00 and gave the company a “positive” rating in a report on Monday, June 17th. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, Taiwan Semiconductor Manufacturing presently has an average rating of “Moderate Buy” and a consensus target price of $173.60.

Taiwan Semiconductor Manufacturing Price Performance

NYSE:TSM opened at $167.74 on Tuesday. The stock has a market cap of $869.97 billion, a PE ratio of 31.95, a P/E/G ratio of 1.19 and a beta of 1.11. Taiwan Semiconductor Manufacturing Company Limited has a one year low of $84.01 and a one year high of $184.86. The company has a debt-to-equity ratio of 0.27, a quick ratio of 2.13 and a current ratio of 2.39. The stock has a 50 day moving average price of $152.73 and a 200 day moving average price of $133.06.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last issued its quarterly earnings data on Thursday, April 18th. The semiconductor company reported $1.38 earnings per share for the quarter, topping the consensus estimate of $1.29 by $0.09. The company had revenue of $18.87 billion during the quarter, compared to analyst estimates of $18.38 billion. Taiwan Semiconductor Manufacturing had a return on equity of 24.75% and a net margin of 38.15%. Equities research analysts expect that Taiwan Semiconductor Manufacturing Company Limited will post 6.13 EPS for the current fiscal year.

Taiwan Semiconductor Manufacturing Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 9th. Investors of record on Thursday, September 12th will be given a $0.4865 dividend. This represents a $1.95 annualized dividend and a yield of 1.16%. This is a positive change from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.44. The ex-dividend date of this dividend is Thursday, September 12th. Taiwan Semiconductor Manufacturing’s dividend payout ratio is presently 32.76%.

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.