Flagship Harbor Advisors LLC Purchases 449 Shares of Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM)

Flagship Harbor Advisors LLC boosted its position in shares of Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM) by 14.3% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,578 shares of the semiconductor company’s stock after purchasing an additional 449 shares during the period. Flagship Harbor Advisors LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $594,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of TSM. Live Oak Private Wealth LLC lifted its stake in shares of Taiwan Semiconductor Manufacturing by 0.6% during the first quarter. Live Oak Private Wealth LLC now owns 23,290 shares of the semiconductor company’s stock worth $3,866,000 after buying an additional 130 shares during the period. Cambridge Investment Research Advisors Inc. raised its position in shares of Taiwan Semiconductor Manufacturing by 3.9% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 217,021 shares of the semiconductor company’s stock worth $36,026,000 after purchasing an additional 8,083 shares during the last quarter. Crumly & Associates Inc. lifted its position in shares of Taiwan Semiconductor Manufacturing by 3.1% in the first quarter. Crumly & Associates Inc. now owns 5,935 shares of the semiconductor company’s stock valued at $985,000 after acquiring an additional 177 shares in the last quarter. Wolff Wiese Magana LLC grew its position in shares of Taiwan Semiconductor Manufacturing by 497.8% in the first quarter. Wolff Wiese Magana LLC now owns 269 shares of the semiconductor company’s stock valued at $45,000 after purchasing an additional 224 shares in the last quarter. Finally, Avantra Family Wealth Inc. increased its stake in Taiwan Semiconductor Manufacturing by 35.2% during the first quarter. Avantra Family Wealth Inc. now owns 3,308 shares of the semiconductor company’s stock worth $549,000 after acquiring an additional 861 shares during the last quarter. 16.51% of the stock is owned by hedge funds and other institutional investors.

Taiwan Semiconductor Manufacturing Stock Up 4.6%

Shares of NYSE:TSM opened at $220.03 on Wednesday. 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 company has a fifty day simple moving average of $188.59 and a 200 day simple moving average of $189.67. The firm has a market cap of $1.14 trillion, a PE ratio of 28.28, a price-to-earnings-growth ratio of 1.09 and a beta of 1.27. Taiwan Semiconductor Manufacturing Company Ltd. has a 12-month low of $133.57 and a 12-month high of $226.40.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last released its earnings results on Thursday, April 17th. The semiconductor company reported $2.12 earnings per share for the quarter, beating the consensus estimate of $2.03 by $0.09. The firm had revenue of $25.82 billion during the quarter, compared to analyst estimates of $834.10 billion. Taiwan Semiconductor Manufacturing had a net margin of 41.67% and a return on equity of 31.43%. On average, equities research analysts anticipate that Taiwan Semiconductor Manufacturing Company Ltd. will post 9.2 EPS for the current fiscal year.

Taiwan Semiconductor Manufacturing Cuts Dividend

The company also recently disclosed 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 1.18%. Taiwan Semiconductor Manufacturing’s dividend payout ratio is currently 30.59%.

Analyst Ratings Changes

Several equities analysts recently issued reports on TSM shares. Susquehanna increased their target price on Taiwan Semiconductor Manufacturing from $250.00 to $255.00 and gave the stock a “positive” rating in a research note on Tuesday, June 17th. Citigroup reaffirmed a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a research report on Thursday, May 22nd. Needham & Company LLC reiterated a “buy” rating and set a $225.00 price target on shares of Taiwan Semiconductor Manufacturing in a research note on Thursday, April 17th. Finally, Barclays restated an “overweight” rating and issued a $240.00 target price (up previously from $215.00) on shares of Taiwan Semiconductor Manufacturing in a research note on Tuesday, June 3rd. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $222.50.

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.