First Bank & Trust grew its stake in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 9.0% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,447 shares of the semiconductor company’s stock after acquiring an additional 119 shares during the quarter. First Bank & Trust’s holdings in Taiwan Semiconductor Manufacturing were worth $174,000 at the end of the most recent quarter.
Several other hedge funds also recently made changes to their positions in the company. Milestone Resources Group Ltd increased its stake in Taiwan Semiconductor Manufacturing by 54.4% during the 2nd quarter. Milestone Resources Group Ltd now owns 247 shares of the semiconductor company’s stock worth $30,000 after purchasing an additional 87 shares in the last quarter. Winch Advisory Services LLC boosted its position in Taiwan Semiconductor Manufacturing by 53.6% during the 2nd quarter. Winch Advisory Services LLC now owns 275 shares of the semiconductor company’s stock worth $33,000 after acquiring an additional 96 shares during the last quarter. Cloverfields Capital Group LP boosted its position in Taiwan Semiconductor Manufacturing by 1.8% during the 1st quarter. Cloverfields Capital Group LP now owns 5,386 shares of the semiconductor company’s stock worth $637,000 after acquiring an additional 97 shares during the last quarter. Thomas J. Herzfeld Advisors Inc. boosted its position in Taiwan Semiconductor Manufacturing by 51.9% during the 1st quarter. Thomas J. Herzfeld Advisors Inc. now owns 284 shares of the semiconductor company’s stock worth $34,000 after acquiring an additional 97 shares during the last quarter. Finally, High Pointe Capital Management LLC boosted its position in Taiwan Semiconductor Manufacturing by 1.8% during the 1st quarter. High Pointe Capital Management LLC now owns 5,626 shares of the semiconductor company’s stock worth $665,000 after acquiring an additional 100 shares during the last quarter. 16.55% of the stock is owned by institutional investors.
Get Taiwan Semiconductor Manufacturing alerts: Shares of Taiwan Semiconductor Manufacturing stock opened at $123.34 on Tuesday. The business has a fifty day simple moving average of $117.77 and a two-hundred day simple moving average of $117.56. Taiwan Semiconductor Manufacturing Company Limited has a 1 year low of $76.17 and a 1 year high of $142.20. The company has a market capitalization of $639.65 billion, a price-to-earnings ratio of 32.88, a P/E/G ratio of 1.90 and a beta of 0.89. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.92 and a quick ratio of 1.65.
Taiwan Semiconductor Manufacturing (NYSE:TSM) last posted its quarterly earnings data on Wednesday, July 14th. The semiconductor company reported $0.93 earnings per share for the quarter, hitting the consensus estimate of $0.93. The firm had revenue of $372.15 billion for the quarter, compared to analysts’ expectations of $372.58 billion. Taiwan Semiconductor Manufacturing had a return on equity of 29.17% and a net margin of 38.14%. The company’s quarterly revenue was up 19.8% compared to the same quarter last year. During the same quarter last year, the business earned $4.66 EPS. As a group, equities analysts anticipate that Taiwan Semiconductor Manufacturing Company Limited will post 4.02 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 13th. Shareholders of record on Friday, December 17th will be given a dividend of $0.4941 per share. This is a boost from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.39. The ex-dividend date of this dividend is Thursday, December 16th. This represents a $1.98 annualized dividend and a yield of 1.60%. Taiwan Semiconductor Manufacturing’s dividend payout ratio (DPR) is presently 41.59%.
TSM has been the subject of a number of recent research reports. Morgan Stanley downgraded Taiwan Semiconductor Manufacturing from an “overweight” rating to an “equal weight” rating in a research report on Monday, June 21st. Susquehanna raised Taiwan Semiconductor Manufacturing from a “negative” rating to a “neutral” rating and increased their price objective 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 report on Tuesday, July 13th. They issued a “buy” rating and a $123.05 price objective for the company. Susquehanna Bancshares raised Taiwan Semiconductor Manufacturing from a “negative” rating to a “neutral” rating and increased their price objective for the company from $85.00 to $105.00 in a report on Wednesday, June 30th. Finally, Argus started coverage on Taiwan Semiconductor Manufacturing in a report on Tuesday, June 22nd. They issued a “buy” rating and a $150.00 price objective for the company. One analyst has rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Taiwan Semiconductor Manufacturing presently has an average rating of “Hold” and an average price target 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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