Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) Shares Acquired by NorthCrest Asset Manangement LLC

NorthCrest Asset Manangement LLC grew its stake in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 1.1% in the first quarter, Holdings Channel reports. The fund owned 271,114 shares of the semiconductor company’s stock after purchasing an additional 2,883 shares during the period. Taiwan Semiconductor Manufacturing accounts for about 1.4% of NorthCrest Asset Manangement LLC’s portfolio, making the stock its 8th largest holding. NorthCrest Asset Manangement LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $45,005,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of TSM. Tallon Kerry Patrick acquired a new stake in shares of Taiwan Semiconductor Manufacturing in the 4th quarter worth $228,000. LaFleur & Godfrey LLC acquired a new stake in shares of Taiwan Semiconductor Manufacturing during the 4th quarter worth about $221,000. Brighton Jones LLC increased its position in shares of Taiwan Semiconductor Manufacturing by 20.9% during the 4th quarter. Brighton Jones LLC now owns 10,930 shares of the semiconductor company’s stock worth $2,159,000 after purchasing an additional 1,892 shares during the last quarter. Union Bancaire Privee UBP SA acquired a new stake in shares of Taiwan Semiconductor Manufacturing during the 4th quarter worth about $91,830,000. Finally, Focus Financial Network Inc. increased its position in shares of Taiwan Semiconductor Manufacturing by 2.6% during the 4th quarter. Focus Financial Network Inc. now owns 4,214 shares of the semiconductor company’s stock worth $832,000 after purchasing an additional 108 shares during the last quarter. 16.51% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on TSM shares. Barclays reissued an “overweight” rating and set a $240.00 price objective (up from $215.00) on shares of Taiwan Semiconductor Manufacturing in a research report on Tuesday, June 3rd. Needham & Company LLC reissued a “buy” rating and set a $225.00 price objective on shares of Taiwan Semiconductor Manufacturing in a research report on Thursday, April 17th. Citigroup reissued a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a research report 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 research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $217.00.

Taiwan Semiconductor Manufacturing Stock Performance

NYSE TSM opened at $215.34 on Friday. The company has a market cap of $1.12 trillion, a P/E ratio of 30.59, a P/E/G ratio of 0.66 and a beta of 1.27. 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 stock has a 50-day moving average of $178.83 and a two-hundred day moving average of $188.53. Taiwan Semiconductor Manufacturing Company Limited has a 1-year low of $133.57 and a 1-year 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 company had revenue of $25.82 billion during the quarter, compared to the consensus estimate of $834.10 billion. Taiwan Semiconductor Manufacturing had a return on equity of 30.47% and a net margin of 40.51%. As a group, analysts anticipate that Taiwan Semiconductor Manufacturing Company Limited will post 9.2 EPS for the current year.

Taiwan Semiconductor Manufacturing Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 9th. Shareholders of record on Tuesday, September 16th will be given a $0.6499 dividend. This represents a $2.60 annualized dividend and a yield of 1.21%. The ex-dividend date is Tuesday, September 16th. Taiwan Semiconductor Manufacturing’s dividend payout ratio is currently 30.46%.

About Taiwan Semiconductor Manufacturing

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.