Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) Shares Bought by Sonen Capital LLC

Sonen Capital LLC boosted its holdings in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSMGet Rating) by 46.1% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 22,388 shares of the semiconductor company’s stock after purchasing an additional 7,069 shares during the period. Taiwan Semiconductor Manufacturing comprises approximately 2.8% of Sonen Capital LLC’s investment portfolio, making the stock its 8th biggest holding. Sonen Capital LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $2,334,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. BerganKDV Wealth Management LLC increased its stake in shares of Taiwan Semiconductor Manufacturing by 17.9% during the first quarter. BerganKDV Wealth Management LLC now owns 937 shares of the semiconductor company’s stock worth $98,000 after purchasing an additional 142 shares in the last quarter. Vestor Capital LLC purchased a new stake in shares of Taiwan Semiconductor Manufacturing in the 1st quarter valued at approximately $47,000. Meitav Dash Investments Ltd. grew its stake in shares of Taiwan Semiconductor Manufacturing by 2,133.7% in the 1st quarter. Meitav Dash Investments Ltd. now owns 604,203 shares of the semiconductor company’s stock valued at $62,708,000 after buying an additional 577,153 shares during the period. Wealthsource Partners LLC grew its stake in shares of Taiwan Semiconductor Manufacturing by 304.9% in the 1st quarter. Wealthsource Partners LLC now owns 12,191 shares of the semiconductor company’s stock valued at $1,271,000 after buying an additional 9,180 shares during the period. Finally, ICICI Prudential Asset Management Co Ltd grew its stake in shares of Taiwan Semiconductor Manufacturing by 9.5% in the 1st quarter. ICICI Prudential Asset Management Co Ltd now owns 45,627 shares of the semiconductor company’s stock valued at $4,870,000 after buying an additional 3,953 shares during the period.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on TSM. Needham & Company LLC reissued a “buy” rating and issued a $125.00 price target on shares of Taiwan Semiconductor Manufacturing in a research note on Thursday, April 14th. Susquehanna decreased their price objective on shares of Taiwan Semiconductor Manufacturing from $90.00 to $88.00 and set a “neutral” rating on the stock in a report on Thursday, July 14th. Loop Capital started coverage on shares of Taiwan Semiconductor Manufacturing in a report on Tuesday, June 21st. They issued a “buy” rating on the stock. Susquehanna Bancshares decreased their price objective on shares of Taiwan Semiconductor Manufacturing from $90.00 to $88.00 and set a “neutral” rating on the stock in a report on Thursday, July 14th. Finally, lowered shares of Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a report on Thursday, April 14th. Four investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Taiwan Semiconductor Manufacturing has a consensus rating of “Moderate Buy” and an average target price of $120.14.

Taiwan Semiconductor Manufacturing Price Performance

TSM traded up $1.35 on Friday, hitting $89.77. 13,293,500 shares of the company were exchanged, compared to its average volume of 12,237,317. Taiwan Semiconductor Manufacturing Company Limited has a twelve month low of $73.74 and a twelve month high of $145.00. The company has a current ratio of 2.09, a quick ratio of 1.85 and a debt-to-equity ratio of 0.28. The firm has a 50-day moving average price of $86.15 and a two-hundred day moving average price of $98.79.

Taiwan Semiconductor Manufacturing (NYSE:TSMGet Rating) last released its earnings results on Thursday, July 14th. The semiconductor company reported $1.55 EPS for the quarter, topping the consensus estimate of $1.50 by $0.05. Taiwan Semiconductor Manufacturing had a return on equity of 34.31% and a net margin of 40.53%. The firm had revenue of $18.16 billion during the quarter, compared to analysts’ expectations of $18.68 billion. Equities research analysts expect that Taiwan Semiconductor Manufacturing Company Limited will post 6.3 EPS for the current year.

Taiwan Semiconductor Manufacturing Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 13th. Stockholders of record on Friday, September 16th will be given a dividend of $0.4625 per share. This is a boost from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.39. This represents a $1.85 annualized dividend and a dividend yield of 2.06%. The ex-dividend date of this dividend is Thursday, September 15th. Taiwan Semiconductor Manufacturing’s dividend payout ratio is currently 28.19%.

Taiwan Semiconductor Manufacturing Profile

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Taiwan Semiconductor Manufacturing Company Limited 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 complementary metal oxide silicon wafer fabrication processes to manufacture logic, mixed-signal, radio frequency, and embedded memory semiconductors.

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Institutional Ownership by Quarter for Taiwan Semiconductor Manufacturing (NYSE:TSM)

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