High Falls Advisors Inc Acquires 1,000 Shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

High Falls Advisors Inc grew its holdings in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 50.0% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,000 shares of the semiconductor company’s stock after buying an additional 1,000 shares during the period. High Falls Advisors Inc’s holdings in Taiwan Semiconductor Manufacturing were worth $408,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of the business. LifeSteps Financial Inc. bought a new position in Taiwan Semiconductor Manufacturing in the 1st quarter worth about $27,000. North Star Investment Management Corp. boosted its stake in Taiwan Semiconductor Manufacturing by 670.4% in the 1st quarter. North Star Investment Management Corp. now owns 208 shares of the semiconductor company’s stock worth $28,000 after purchasing an additional 181 shares in the last quarter. Tsfg LLC boosted its stake in Taiwan Semiconductor Manufacturing by 470.7% in the 1st quarter. Tsfg LLC now owns 234 shares of the semiconductor company’s stock worth $32,000 after purchasing an additional 193 shares in the last quarter. Indiana Trust & Investment Management CO bought a new position in Taiwan Semiconductor Manufacturing during the 1st quarter valued at about $33,000. Finally, Cherry Tree Wealth Management LLC bought a new position in Taiwan Semiconductor Manufacturing during the 1st quarter valued at about $33,000. Institutional investors own 16.51% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on TSM shares. TD Cowen upped their target price on shares of Taiwan Semiconductor Manufacturing from $130.00 to $170.00 and gave the company a “hold” rating in a research note on Thursday, July 18th. Barclays upped their target price on shares of Taiwan Semiconductor Manufacturing from $150.00 to $170.00 and gave the company an “overweight” rating in a research note on Wednesday, June 5th. Needham & Company LLC upped their target price on shares of Taiwan Semiconductor Manufacturing from $168.00 to $210.00 and gave the company a “buy” rating in a research note on Monday, July 15th. Susquehanna upped their target price on shares of Taiwan Semiconductor Manufacturing from $200.00 to $250.00 and gave the company a “positive” rating in a research note on Thursday, July 11th. Finally, StockNews.com raised shares of Taiwan Semiconductor Manufacturing from a “hold” rating to a “buy” rating in a research report on Thursday, April 11th. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, Taiwan Semiconductor Manufacturing has a consensus rating of “Moderate Buy” and an average price target of $200.00.

Taiwan Semiconductor Manufacturing Stock Performance

Shares of NYSE TSM traded down $5.47 during midday trading on Tuesday, hitting $154.54. 21,848,987 shares of the company’s stock traded hands, compared to its average volume of 15,855,628. Taiwan Semiconductor Manufacturing Company Limited has a 1 year low of $84.01 and a 1 year high of $193.47. The stock has a market capitalization of $801.51 billion, a price-to-earnings ratio of 29.44, a price-to-earnings-growth ratio of 0.96 and a beta of 1.14. The company has a debt-to-equity ratio of 0.27, a quick ratio of 2.13 and a current ratio of 2.39. The firm has a fifty day moving average of $169.81 and a 200 day moving average of $146.31.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last released its quarterly earnings results on Thursday, July 18th. The semiconductor company reported $1.48 EPS for the quarter, beating the consensus estimate of $1.37 by $0.11. The firm had revenue of $20.82 billion during the quarter, compared to analyst estimates of $20.33 billion. Taiwan Semiconductor Manufacturing had a net margin of 37.85% and a return on equity of 25.89%. The business’s revenue for the quarter was up 34.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.14 EPS. On average, analysts forecast that Taiwan Semiconductor Manufacturing Company Limited will post 6.37 earnings per share for the current year.

Taiwan Semiconductor Manufacturing Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 9th. Investors of record on Thursday, September 12th will be issued a $0.4865 dividend. This represents a $1.95 annualized dividend and a yield of 1.26%. This is a positive change from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.44. The ex-dividend date of this dividend is Thursday, September 12th. Taiwan Semiconductor Manufacturing’s dividend payout ratio is currently 32.57%.

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.