Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) Shares Bought by Stanley Laman Group Ltd.

Stanley Laman Group Ltd. grew its holdings in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 30.0% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,487 shares of the semiconductor company’s stock after purchasing an additional 804 shares during the quarter. Stanley Laman Group Ltd.’s holdings in Taiwan Semiconductor Manufacturing were worth $579,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of TSM. Stonebridge Financial Group LLC acquired a new position in shares of Taiwan Semiconductor Manufacturing during the 4th quarter valued at about $25,000. IMG Wealth Management Inc. purchased a new stake in shares of Taiwan Semiconductor Manufacturing during the fourth quarter worth approximately $26,000. Hopwood Financial Services Inc. purchased a new stake in shares of Taiwan Semiconductor Manufacturing during the fourth quarter worth approximately $27,000. City Holding Co. increased its stake in shares of Taiwan Semiconductor Manufacturing by 238.0% during the first quarter. City Holding Co. now owns 169 shares of the semiconductor company’s stock worth $28,000 after buying an additional 119 shares during the period. Finally, Roxbury Financial LLC purchased a new stake in shares of Taiwan Semiconductor Manufacturing during the fourth quarter worth approximately $29,000. Institutional investors and hedge funds own 16.51% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently issued reports on TSM. Barclays reaffirmed an “overweight” rating and issued a $240.00 price target (up from $215.00) on shares of Taiwan Semiconductor Manufacturing in a report on Tuesday, June 3rd. Needham & Company LLC reaffirmed a “buy” rating and set a $225.00 price target on shares of Taiwan Semiconductor Manufacturing in a report on Thursday, April 17th. Citigroup reiterated a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a research report on Thursday, May 22nd. Finally, Susquehanna reiterated a “positive” rating on shares of Taiwan Semiconductor Manufacturing in a research report on Friday, April 25th. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, Taiwan Semiconductor Manufacturing currently has a consensus rating of “Moderate Buy” and an average price target of $217.00.

Taiwan Semiconductor Manufacturing Trading Down 2.0%

Taiwan Semiconductor Manufacturing stock opened at $211.07 on Friday. The stock has a market cap of $1.09 trillion, a PE ratio of 29.98, a P/E/G ratio of 0.66 and a beta of 1.27. The stock has a 50-day moving average price of $180.24 and a 200 day moving average price of $188.72. Taiwan Semiconductor Manufacturing Company Limited has a 52 week low of $133.57 and a 52 week high of $226.40. The company has a current ratio of 2.57, a quick ratio of 2.30 and a debt-to-equity ratio of 0.24.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last issued its quarterly earnings results on Thursday, April 17th. The semiconductor company reported $2.12 earnings per share for the quarter, topping analysts’ consensus estimates of $2.03 by $0.09. Taiwan Semiconductor Manufacturing had a return on equity of 30.47% and a net margin of 40.51%. The company had revenue of $25.82 billion for the quarter, compared to analyst estimates of $834.10 billion. Equities research analysts predict that Taiwan Semiconductor Manufacturing Company Limited will post 9.2 earnings per share for the current fiscal year.

Taiwan Semiconductor Manufacturing Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 9th. Investors of record on Tuesday, September 16th will be issued a $0.6499 dividend. The ex-dividend date of this dividend is Tuesday, September 16th. This represents a $2.60 dividend on an annualized basis and a yield of 1.23%. Taiwan Semiconductor Manufacturing’s payout ratio is 30.46%.

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.