Huntleigh Advisors Inc. Increases Holdings in Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM)

Huntleigh Advisors Inc. increased its holdings in shares of Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM) by 5.1% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 32,055 shares of the semiconductor company’s stock after purchasing an additional 1,547 shares during the quarter. Taiwan Semiconductor Manufacturing makes up 1.0% of Huntleigh Advisors Inc.’s portfolio, making the stock its 21st biggest holding. Huntleigh Advisors Inc.’s holdings in Taiwan Semiconductor Manufacturing were worth $5,321,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in TSM. Guardian Partners Inc. bought a new stake in shares of Taiwan Semiconductor Manufacturing in the fourth quarter worth about $9,222,000. Pinnacle Investment Management Ltd bought a new stake in Taiwan Semiconductor Manufacturing in the 4th quarter worth approximately $26,661,000. Sentry LLC purchased a new stake in shares of Taiwan Semiconductor Manufacturing during the 1st quarter worth approximately $222,000. Polymer Capital Management HK LTD raised its holdings in shares of Taiwan Semiconductor Manufacturing by 47.7% during the 4th quarter. Polymer Capital Management HK LTD now owns 86,493 shares of the semiconductor company’s stock worth $17,082,000 after acquiring an additional 27,938 shares in the last quarter. Finally, Bank of Montreal Can boosted its position in shares of Taiwan Semiconductor Manufacturing by 38.3% during the 4th quarter. Bank of Montreal Can now owns 871,742 shares of the semiconductor company’s stock valued at $172,160,000 after acquiring an additional 241,414 shares during the last quarter. Institutional investors own 16.51% of the company’s stock.

Wall Street Analyst Weigh In

TSM has been the topic of several research reports. Citigroup restated a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a research report on Thursday, May 22nd. Susquehanna lifted their price objective on Taiwan Semiconductor Manufacturing from $250.00 to $255.00 and gave the company a “positive” rating in a report on Tuesday, June 17th. Needham & Company LLC increased their price objective on shares of Taiwan Semiconductor Manufacturing from $225.00 to $270.00 and gave the company a “buy” rating in a research note on Tuesday. Finally, Barclays restated an “overweight” rating and set a $240.00 target price (up previously from $215.00) on shares of Taiwan Semiconductor Manufacturing in a report on Tuesday, June 3rd. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $233.75.

Taiwan Semiconductor Manufacturing Stock Performance

Shares of NYSE TSM opened at $235.49 on Friday. Taiwan Semiconductor Manufacturing Company Ltd. has a 12 month low of $133.57 and a 12 month high of $237.58. The company has a current ratio of 2.39, a quick ratio of 2.18 and a debt-to-equity ratio of 0.22. The stock has a market cap of $1.22 trillion, a price-to-earnings ratio of 30.27, a PEG ratio of 1.21 and a beta of 1.29. The company has a 50 day simple moving average of $198.99 and a two-hundred day simple moving average of $191.22.

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

Taiwan Semiconductor Manufacturing Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 9th. Shareholders of record on Tuesday, September 16th will be paid a dividend of $0.6499 per share. This represents a $2.60 dividend on an annualized basis and a yield of 1.10%. The ex-dividend date is Tuesday, September 16th. Taiwan Semiconductor Manufacturing’s dividend payout ratio (DPR) is 30.59%.

Taiwan Semiconductor Manufacturing Company 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.