GFG Capital LLC Has $713,000 Holdings in Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM)

GFG Capital LLC decreased its stake in Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM) by 3.9% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,294 shares of the semiconductor company’s stock after selling 176 shares during the period. GFG Capital LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $713,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. IMG Wealth Management Inc. bought a new position in Taiwan Semiconductor Manufacturing during the 4th quarter worth approximately $26,000. Hopwood Financial Services Inc. bought a new stake in Taiwan Semiconductor Manufacturing during the fourth quarter valued at approximately $27,000. City Holding Co. lifted its position in Taiwan Semiconductor Manufacturing by 238.0% in the first quarter. City Holding Co. now owns 169 shares of the semiconductor company’s stock valued at $28,000 after purchasing an additional 119 shares during the last quarter. Accredited Wealth Management LLC purchased a new stake in Taiwan Semiconductor Manufacturing in the fourth quarter worth $31,000. Finally, Signature Resources Capital Management LLC raised its holdings in Taiwan Semiconductor Manufacturing by 138.8% in the first quarter. Signature Resources Capital Management LLC now owns 191 shares of the semiconductor company’s stock worth $32,000 after purchasing an additional 111 shares in the last quarter. Institutional investors own 16.51% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the company. Susquehanna raised their target price on Taiwan Semiconductor Manufacturing from $250.00 to $255.00 and gave the stock a “positive” rating in a research report on Tuesday, June 17th. Barclays reissued an “overweight” rating and set a $240.00 target price (up previously from $215.00) on shares of Taiwan Semiconductor Manufacturing in a research report on Tuesday, June 3rd. Needham & Company LLC raised their price target on Taiwan Semiconductor Manufacturing from $225.00 to $270.00 and gave the stock a “buy” rating in a research note on Tuesday, July 1st. Finally, Citigroup reiterated a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a report on Thursday, May 22nd. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $233.75.

Taiwan Semiconductor Manufacturing Trading Down 0.6%

TSM opened at $227.80 on Wednesday. The company has a debt-to-equity ratio of 0.22, a current ratio of 2.39 and a quick ratio of 2.18. The company’s 50 day simple moving average is $202.98 and its two-hundred day simple moving average is $191.89. The firm has a market capitalization of $1.18 trillion, a price-to-earnings ratio of 29.28, a price-to-earnings-growth ratio of 1.19 and a beta of 1.29. Taiwan Semiconductor Manufacturing Company Ltd. has a 1-year low of $133.57 and a 1-year high of $237.58.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last posted its quarterly earnings data on Thursday, April 17th. The semiconductor company reported $2.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.03 by $0.09. The firm had revenue of $25.82 billion for the quarter, compared to the consensus estimate of $834.10 billion. Taiwan Semiconductor Manufacturing had a return on equity of 31.43% and a net margin of 41.67%. Analysts expect that Taiwan Semiconductor Manufacturing Company Ltd. will post 9.2 EPS for the current fiscal year.

Taiwan Semiconductor Manufacturing Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 9th. Shareholders of record on Tuesday, September 16th will be given a dividend of $0.6499 per share. This represents a $2.60 annualized dividend and a yield of 1.14%. The ex-dividend date is Tuesday, September 16th. Taiwan Semiconductor Manufacturing’s dividend payout ratio (DPR) is 30.59%.

Taiwan Semiconductor Manufacturing 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.