Vickerman Investment Advisors Inc. Buys New Shares in Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM)

Vickerman Investment Advisors Inc. bought a new stake in Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 5,669 shares of the semiconductor company’s stock, valued at approximately $941,000.

Other hedge funds have also recently made changes to their positions in the company. Brighton Jones LLC grew its position in 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 period. Victory Capital Management Inc. grew its position in Taiwan Semiconductor Manufacturing by 15.3% during the 4th quarter. Victory Capital Management Inc. now owns 120,618 shares of the semiconductor company’s stock worth $23,821,000 after purchasing an additional 15,961 shares during the period. Proficio Capital Partners LLC grew its position in Taiwan Semiconductor Manufacturing by 29.8% during the 4th quarter. Proficio Capital Partners LLC now owns 1,868 shares of the semiconductor company’s stock worth $369,000 after purchasing an additional 429 shares during the period. Cullen Frost Bankers Inc. grew its position in Taiwan Semiconductor Manufacturing by 9.4% during the 4th quarter. Cullen Frost Bankers Inc. now owns 1,294 shares of the semiconductor company’s stock worth $255,000 after purchasing an additional 111 shares during the period. Finally, Ashton Thomas Private Wealth LLC grew its position in Taiwan Semiconductor Manufacturing by 165.7% during the 4th quarter. Ashton Thomas Private Wealth LLC now owns 10,427 shares of the semiconductor company’s stock worth $2,066,000 after purchasing an additional 6,502 shares during the period. 16.51% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the company. Barclays reaffirmed an “overweight” rating and set a $240.00 price target (up from $215.00) on shares of Taiwan Semiconductor Manufacturing in a research report on Tuesday, June 3rd. Needham & Company LLC increased their price target on Taiwan Semiconductor Manufacturing from $225.00 to $270.00 and gave the stock a “buy” rating in a research report on Tuesday, July 1st. Citigroup reissued a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a research note on Thursday, May 22nd. Finally, Susquehanna increased their target price on shares of Taiwan Semiconductor Manufacturing from $250.00 to $255.00 and gave the stock a “positive” rating in a research note on Tuesday, June 17th. Two equities 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 presently has a consensus rating of “Moderate Buy” and a consensus target price of $233.75.

Taiwan Semiconductor Manufacturing Trading Up 0.8%

Shares of Taiwan Semiconductor Manufacturing stock opened at $235.49 on Friday. The firm has a market capitalization of $1.22 trillion, a PE ratio of 30.27, a P/E/G ratio of 1.22 and a beta of 1.29. Taiwan Semiconductor Manufacturing Company Ltd. has a twelve month low of $133.57 and a twelve month high of $237.58. The firm’s 50-day moving average price is $200.39 and its 200 day moving average price is $191.44. The company has a current ratio of 2.39, a quick ratio of 2.18 and a debt-to-equity ratio of 0.22.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last issued its quarterly earnings results on Thursday, April 17th. The semiconductor company reported $2.12 earnings per share for the quarter, beating analysts’ consensus estimates of $2.03 by $0.09. The firm had revenue of $25.82 billion for the quarter, compared to analyst estimates of $834.10 billion. Taiwan Semiconductor Manufacturing had a net margin of 41.67% and a return on equity of 31.43%. On average, sell-side analysts predict that Taiwan Semiconductor Manufacturing Company Ltd. will post 9.2 EPS for the current fiscal year.

Taiwan Semiconductor Manufacturing Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 9th. Investors of record on Tuesday, September 16th will be paid a $0.6499 dividend. This represents a $2.60 dividend on an annualized basis and a yield of 1.10%. The ex-dividend date of this dividend is Tuesday, September 16th. Taiwan Semiconductor Manufacturing’s dividend payout ratio is presently 33.42%.

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.