LS Investment Advisors LLC Purchases 150 Shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

LS Investment Advisors LLC grew its holdings in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 2.9% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 5,309 shares of the semiconductor company’s stock after purchasing an additional 150 shares during the quarter. LS Investment Advisors LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $881,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in TSM. HF Advisory Group LLC grew its holdings in Taiwan Semiconductor Manufacturing by 2.0% during the first quarter. HF Advisory Group LLC now owns 14,922 shares of the semiconductor company’s stock valued at $2,477,000 after purchasing an additional 287 shares during the period. Bay Rivers Group lifted its position in shares of Taiwan Semiconductor Manufacturing by 30.4% in the first quarter. Bay Rivers Group now owns 2,059 shares of the semiconductor company’s stock valued at $342,000 after acquiring an additional 480 shares in the last quarter. Channel Wealth LLC boosted its stake in Taiwan Semiconductor Manufacturing by 28.2% in the 1st quarter. Channel Wealth LLC now owns 2,872 shares of the semiconductor company’s stock worth $477,000 after purchasing an additional 632 shares during the period. Matrix Trust Co boosted its position in shares of Taiwan Semiconductor Manufacturing by 53.0% during the first quarter. Matrix Trust Co now owns 1,314 shares of the semiconductor company’s stock worth $218,000 after acquiring an additional 455 shares during the last quarter. Finally, Secure Asset Management LLC grew its position in shares of Taiwan Semiconductor Manufacturing by 50.5% during the first quarter. Secure Asset Management LLC now owns 14,394 shares of the semiconductor company’s stock valued at $2,389,000 after purchasing an additional 4,832 shares in the last quarter. Institutional investors own 16.51% of the company’s stock.

Taiwan Semiconductor Manufacturing Stock Up 2.4%

TSM stock opened at $202.39 on Thursday. Taiwan Semiconductor Manufacturing Company Limited has a one year low of $133.57 and a one year high of $226.40. The company has a debt-to-equity ratio of 0.24, a quick ratio of 2.30 and a current ratio of 2.57. The firm’s fifty day moving average is $172.79 and its 200 day moving average is $187.66. The firm has a market cap of $1.05 trillion, a PE ratio of 28.75, a P/E/G ratio of 0.66 and a beta of 1.21.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last posted its quarterly earnings data 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. The company had revenue of $25.82 billion during the quarter, compared to analysts’ expectations of $834.10 billion. Taiwan Semiconductor Manufacturing had a net margin of 40.51% and a return on equity of 30.47%. On average, research analysts forecast that Taiwan Semiconductor Manufacturing Company Limited will post 9.2 EPS for the current year.

Taiwan Semiconductor Manufacturing Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 9th. Investors of record on Tuesday, September 16th will be paid a $0.6499 dividend. This represents a $2.60 dividend on an annualized basis and a yield of 1.28%. The ex-dividend date is Tuesday, September 16th. Taiwan Semiconductor Manufacturing’s dividend payout ratio is presently 30.46%.

Analysts Set New Price Targets

Several research firms have recently issued reports on TSM. Needham & Company LLC reaffirmed a “buy” rating and issued a $225.00 price objective on shares of Taiwan Semiconductor Manufacturing in a research note on Thursday, April 17th. Barclays raised their target price on shares of Taiwan Semiconductor Manufacturing from $215.00 to $240.00 and gave the stock an “overweight” rating in a research report on Tuesday. Citigroup reaffirmed a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a research note on Thursday, May 22nd. Finally, Susquehanna reissued a “positive” rating on shares of Taiwan Semiconductor Manufacturing in a research report on Friday, April 25th. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price 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.