Gemmer Asset Management LLC Acquires 4,813 Shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Gemmer Asset Management LLC boosted its holdings in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 160.9% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,804 shares of the semiconductor company’s stock after acquiring an additional 4,813 shares during the quarter. Gemmer Asset Management LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $1,295,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in TSM. Gateway Investment Advisers LLC raised its stake in Taiwan Semiconductor Manufacturing by 51.3% during the 1st quarter. Gateway Investment Advisers LLC now owns 1,663 shares of the semiconductor company’s stock valued at $276,000 after buying an additional 564 shares during the last quarter. Blue Zone Wealth Advisors LLC raised its stake in Taiwan Semiconductor Manufacturing by 3.7% during the 1st quarter. Blue Zone Wealth Advisors LLC now owns 2,003 shares of the semiconductor company’s stock valued at $333,000 after buying an additional 72 shares during the last quarter. Alliance Wealth Advisors LLC raised its stake in Taiwan Semiconductor Manufacturing by 8.2% during the 1st quarter. Alliance Wealth Advisors LLC now owns 1,772 shares of the semiconductor company’s stock valued at $294,000 after buying an additional 135 shares during the last quarter. City State Bank raised its stake in Taiwan Semiconductor Manufacturing by 26.3% during the 1st quarter. City State Bank now owns 6,624 shares of the semiconductor company’s stock valued at $1,100,000 after buying an additional 1,380 shares during the last quarter. Finally, Tower Wealth Partners Inc. raised its stake in Taiwan Semiconductor Manufacturing by 16.5% during the 1st quarter. Tower Wealth Partners Inc. now owns 1,712 shares of the semiconductor company’s stock valued at $284,000 after buying an additional 242 shares during the last quarter. 16.51% of the stock is owned by institutional investors.

Taiwan Semiconductor Manufacturing Trading Up 0.9%

NYSE:TSM opened at $205.10 on Friday. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.57 and a quick ratio of 2.30. The firm has a market capitalization of $1.06 trillion, a price-to-earnings ratio of 29.13, a price-to-earnings-growth ratio of 0.66 and a beta of 1.21. Taiwan Semiconductor Manufacturing Company Limited has a one year low of $133.57 and a one year high of $226.40. The business has a fifty day moving average price of $174.27 and a 200-day moving average price of $187.88.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last posted its quarterly earnings data on Thursday, April 17th. The semiconductor company reported $2.12 EPS for the quarter, topping the consensus estimate 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 firm had revenue of $25.82 billion during the quarter, compared to analyst estimates of $834.10 billion. Sell-side analysts forecast that Taiwan Semiconductor Manufacturing Company Limited will post 9.2 EPS for the current year.

Taiwan Semiconductor Manufacturing Cuts Dividend

The firm 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 $0.6499 dividend. The ex-dividend date is Tuesday, September 16th. This represents a $2.60 dividend on an annualized basis and a yield of 1.27%. Taiwan Semiconductor Manufacturing’s payout ratio is presently 30.46%.

Analyst Upgrades and Downgrades

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

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.