Proficio Capital Partners LLC Increases Stock Holdings in Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM)

Proficio Capital Partners LLC lifted its stake in shares of Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM) by 8.6% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 2,028 shares of the semiconductor company’s stock after acquiring an additional 160 shares during the period. Proficio Capital Partners LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $337,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the stock. DekaBank Deutsche Girozentrale increased its holdings in shares of Taiwan Semiconductor Manufacturing by 0.9% in the 1st quarter. DekaBank Deutsche Girozentrale now owns 1,339,479 shares of the semiconductor company’s stock valued at $214,442,000 after acquiring an additional 11,693 shares during the last quarter. Pinnacle Investment Management Ltd bought a new stake in shares of Taiwan Semiconductor Manufacturing in the 4th quarter valued at approximately $26,661,000. Sentry LLC bought a new stake in shares of Taiwan Semiconductor Manufacturing in the 1st quarter valued at approximately $222,000. Compound Global Advisors LLC increased its holdings in shares of Taiwan Semiconductor Manufacturing by 31.2% in the 1st quarter. Compound Global Advisors LLC now owns 4,796 shares of the semiconductor company’s stock valued at $747,000 after acquiring an additional 1,141 shares during the last quarter. Finally, Polymer Capital Management HK LTD increased its holdings in shares of Taiwan Semiconductor Manufacturing by 47.7% in the 4th quarter. Polymer Capital Management HK LTD now owns 86,493 shares of the semiconductor company’s stock valued at $17,082,000 after acquiring an additional 27,938 shares during the last quarter. 16.51% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the company. Citigroup restated a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a research note on Thursday, May 22nd. Susquehanna set a $265.00 price objective on Taiwan Semiconductor Manufacturing and gave the stock a “positive” rating in a research note on Monday, July 14th. Needham & Company LLC restated a “buy” rating and set a $270.00 price objective on shares of Taiwan Semiconductor Manufacturing in a research note on Thursday, July 17th. Finally, Barclays restated an “overweight” rating and set a $240.00 price objective (up from $215.00) on shares of Taiwan Semiconductor Manufacturing in a research note on Tuesday, June 3rd. One analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, Taiwan Semiconductor Manufacturing currently has a consensus rating of “Moderate Buy” and an average price target of $258.33.

Taiwan Semiconductor Manufacturing Price Performance

Shares of NYSE:TSM opened at $234.47 on Wednesday. The business has a 50 day moving average price of $212.72 and a 200 day moving average price of $193.65. Taiwan Semiconductor Manufacturing Company Ltd. has a twelve month low of $133.57 and a twelve month high of $248.28. The company has a market cap of $1.22 trillion, a price-to-earnings ratio of 26.74, a PEG ratio of 1.15 and a beta of 1.29. The company has a quick ratio of 2.18, a current ratio of 2.39 and a debt-to-equity ratio of 0.22.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last announced its quarterly earnings data on Thursday, July 17th. The semiconductor company reported $2.47 EPS for the quarter, topping analysts’ consensus estimates of $2.13 by $0.34. Taiwan Semiconductor Manufacturing had a return on equity of 34.53% and a net margin of 42.91%. The company had revenue of $30.07 billion during the quarter, compared to the consensus estimate of $28.50 billion. During the same quarter last year, the company earned $1.48 EPS. The company’s quarterly revenue was up 44.4% on a year-over-year basis. Research analysts predict that Taiwan Semiconductor Manufacturing Company Ltd. will post 9.2 earnings per share 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. Shareholders of record on Tuesday, September 16th will be given a $0.6499 dividend. This represents a $2.60 dividend on an annualized basis and a yield of 1.11%. The ex-dividend date of this dividend is Tuesday, September 16th. Taiwan Semiconductor Manufacturing’s dividend payout ratio (DPR) is 28.16%.

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.