Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) Shares Purchased by First Bank & Trust

First Bank & Trust raised its holdings in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 8.2% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,142 shares of the semiconductor company’s stock after buying an additional 237 shares during the period. First Bank & Trust’s holdings in Taiwan Semiconductor Manufacturing were worth $427,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Toronto Dominion Bank lifted its position in shares of Taiwan Semiconductor Manufacturing by 4.7% during the third quarter. Toronto Dominion Bank now owns 14,176 shares of the semiconductor company’s stock worth $1,232,000 after purchasing an additional 631 shares in the last quarter. Rehmann Capital Advisory Group lifted its position in shares of Taiwan Semiconductor Manufacturing by 2.5% during the third quarter. Rehmann Capital Advisory Group now owns 20,690 shares of the semiconductor company’s stock worth $1,798,000 after purchasing an additional 495 shares in the last quarter. Eventide Asset Management LLC lifted its position in shares of Taiwan Semiconductor Manufacturing by 88.2% during the third quarter. Eventide Asset Management LLC now owns 6,849 shares of the semiconductor company’s stock worth $595,000 after purchasing an additional 3,209 shares in the last quarter. Waverly Advisors LLC raised its holdings in Taiwan Semiconductor Manufacturing by 3.8% in the third quarter. Waverly Advisors LLC now owns 3,145 shares of the semiconductor company’s stock valued at $273,000 after acquiring an additional 116 shares in the last quarter. Finally, Hudson Portfolio Management LLC raised its holdings in Taiwan Semiconductor Manufacturing by 3.9% in the third quarter. Hudson Portfolio Management LLC now owns 19,113 shares of the semiconductor company’s stock valued at $1,661,000 after acquiring an additional 715 shares in the last quarter. 16.51% of the stock is owned by institutional investors and hedge funds.

Taiwan Semiconductor Manufacturing Stock Up 1.3 %

TSM stock opened at $173.81 on Friday. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.39 and a quick ratio of 2.13. Taiwan Semiconductor Manufacturing Company Limited has a 1-year low of $84.01 and a 1-year high of $184.86. The firm has a fifty day moving average price of $155.76 and a two-hundred day moving average price of $134.84. The firm has a market cap of $901.45 billion, a price-to-earnings ratio of 33.11, a PEG ratio of 1.19 and a beta of 1.11.

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

Taiwan Semiconductor Manufacturing Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 9th. Investors of record on Thursday, September 12th will be issued a $0.4865 dividend. This represents a $1.95 dividend on an annualized basis and a dividend yield of 1.12%. The ex-dividend date of this dividend is Thursday, September 12th. This is a boost from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.44. Taiwan Semiconductor Manufacturing’s dividend payout ratio (DPR) is 32.76%.

Wall Street Analyst Weigh In

Several research firms recently issued reports on TSM. TD Cowen upped their price target on shares of Taiwan Semiconductor Manufacturing from $100.00 to $130.00 and gave the company a “hold” rating in a report on Thursday, April 18th. Barclays upped their price target on shares of Taiwan Semiconductor Manufacturing from $150.00 to $170.00 and gave the company an “overweight” rating in a report on Wednesday, June 5th. Sanford C. Bernstein upped their price target on shares of Taiwan Semiconductor Manufacturing from $150.00 to $200.00 and gave the company an “outperform” rating in a report on Thursday, June 20th. StockNews.com raised shares of Taiwan Semiconductor Manufacturing from a “hold” rating to a “buy” rating in a report on Thursday, April 11th. Finally, Susquehanna upped their price target on shares of Taiwan Semiconductor Manufacturing from $180.00 to $200.00 and gave the company a “positive” rating in a report on Monday, June 17th. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $173.60.

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.