Stonnington Group LLC bought a new stake in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 13,760 shares of the semiconductor company’s stock, valued at approximately $1,489,000.

A number of other hedge funds have also recently made changes to their positions in TSM. Manchester Financial Inc. purchased a new stake in shares of Taiwan Semiconductor Manufacturing during the first quarter valued at $30,000. Cranbrook Wealth Management LLC purchased a new stake in shares of Taiwan Semiconductor Manufacturing during the first quarter valued at $30,000. Abundance Wealth Counselors purchased a new stake in shares of Taiwan Semiconductor Manufacturing during the first quarter valued at $32,000. Thomas J. Herzfeld Advisors Inc. lifted its holdings in shares of Taiwan Semiconductor Manufacturing by 51.9% during the first quarter. Thomas J. Herzfeld Advisors Inc. now owns 284 shares of the semiconductor company’s stock valued at $34,000 after purchasing an additional 97 shares during the last quarter. Finally, Hoese & Co LLP purchased a new stake in shares of Taiwan Semiconductor Manufacturing during the fourth quarter valued at $36,000. 17.19% of the stock is owned by institutional investors and hedge funds.

Get Taiwan Semiconductor Manufacturing alerts: TSM traded down $2.02 during midday trading on Tuesday, reaching $113.63. The company’s stock had a trading volume of 87,476 shares, compared to its average volume of 8,738,702. The stock has a market capitalization of $589.29 billion, a PE ratio of 31.06, a P/E/G ratio of 1.81 and a beta of 0.90. The firm has a fifty day simple moving average of $117.44. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.49 and a current ratio of 1.72. Taiwan Semiconductor Manufacturing Company Limited has a twelve month low of $75.98 and a twelve month high of $142.20.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last announced its quarterly earnings data on Wednesday, July 14th. The semiconductor company reported $0.93 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.93. The company had revenue of $372.15 billion for the quarter, compared to analyst estimates of $372.58 billion. Taiwan Semiconductor Manufacturing had a return on equity of 29.87% and a net margin of 38.14%. Taiwan Semiconductor Manufacturing’s revenue for the quarter was up 19.8% compared to the same quarter last year. During the same quarter last year, the firm earned $4.66 EPS. As a group, sell-side analysts expect that Taiwan Semiconductor Manufacturing Company Limited will post 4.02 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 14th. Investors of record on Friday, September 17th will be given a dividend of $0.3917 per share. This represents a $1.57 annualized dividend and a dividend yield of 1.38%. The ex-dividend date is Thursday, September 16th. This is an increase from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.35. Taiwan Semiconductor Manufacturing’s dividend payout ratio (DPR) is 41.59%.

Several equities research analysts have recently commented on TSM shares. Susquehanna Bancshares raised Taiwan Semiconductor Manufacturing from a “negative” rating to a “neutral” rating and upped their target price for the company from $85.00 to $105.00 in a report on Wednesday, June 30th. Needham & Company LLC started coverage on Taiwan Semiconductor Manufacturing in a research note on Tuesday, July 13th. They issued a “buy” rating and a $123.05 price objective for the company. Argus started coverage on Taiwan Semiconductor Manufacturing in a research note on Tuesday, June 22nd. They issued a “buy” rating and a $150.00 price objective for the company. Atlantic Securities started coverage on Taiwan Semiconductor Manufacturing in a research note on Monday, April 19th. They issued a “neutral” rating for the company. Finally, Susquehanna raised Taiwan Semiconductor Manufacturing from a “negative” rating to a “neutral” rating and increased their price objective for the stock from $85.00 to $105.00 in a research note on Wednesday, June 30th. Five analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Taiwan Semiconductor Manufacturing currently has an average rating of “Buy” and a consensus target price of $127.72.

About Taiwan Semiconductor Manufacturing

Taiwan Semiconductor Manufacturing Co, Ltd. engages in the manufacture and sale of integrated circuits and wafer semiconductor devices. Its chips are used in personal computers and peripheral products; information applications; wired and wireless communications systems products; automotive and industrial equipment including consumer electronics such as digital video compact disc player, digital television, game consoles, and digital cameras.

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