Sutton Place Investors LLC Buys Shares of 1,211 Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Sutton Place Investors LLC bought a new stake in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) in the second quarter, HoldingsChannel reports. The institutional investor bought 1,211 shares of the semiconductor company’s stock, valued at approximately $210,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Seed Wealth Management Inc. grew its stake in Taiwan Semiconductor Manufacturing by 1.3% in the 2nd quarter. Seed Wealth Management Inc. now owns 4,558 shares of the semiconductor company’s stock valued at $792,000 after acquiring an additional 57 shares during the last quarter. Keudell Morrison Wealth Management raised its position in Taiwan Semiconductor Manufacturing by 1.5% during the second quarter. Keudell Morrison Wealth Management now owns 4,027 shares of the semiconductor company’s stock worth $700,000 after acquiring an additional 59 shares during the last quarter. Cadence Bank raised its position in Taiwan Semiconductor Manufacturing by 0.5% during the first quarter. Cadence Bank now owns 15,004 shares of the semiconductor company’s stock worth $2,041,000 after acquiring an additional 69 shares during the last quarter. ZRC Wealth Management LLC raised its position in Taiwan Semiconductor Manufacturing by 20.9% during the second quarter. ZRC Wealth Management LLC now owns 405 shares of the semiconductor company’s stock worth $70,000 after acquiring an additional 70 shares during the last quarter. Finally, Old Port Advisors raised its position in Taiwan Semiconductor Manufacturing by 2.9% during the second quarter. Old Port Advisors now owns 2,546 shares of the semiconductor company’s stock worth $443,000 after acquiring an additional 71 shares during the last quarter. Institutional investors and hedge funds own 16.51% of the company’s stock.

Analyst Upgrades and Downgrades

TSM has been the subject of a number of research reports. TD Cowen lifted their target price on shares of Taiwan Semiconductor Manufacturing from $130.00 to $170.00 and gave the stock a “hold” rating in a research report on Thursday, July 18th. Susquehanna reiterated a “positive” rating and set a $250.00 price target on shares of Taiwan Semiconductor Manufacturing in a report on Wednesday. Barclays boosted their target price on shares of Taiwan Semiconductor Manufacturing from $150.00 to $170.00 and gave the company an “overweight” rating in a report on Wednesday, June 5th. Sanford C. Bernstein boosted their target price on shares of Taiwan Semiconductor Manufacturing from $150.00 to $200.00 and gave the company an “outperform” rating in a report on Thursday, June 20th. Finally, Needham & Company LLC boosted their price objective on shares of Taiwan Semiconductor Manufacturing from $168.00 to $210.00 and gave the stock a “buy” rating in a research note on Monday, July 15th. One analyst has rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $200.00.

Taiwan Semiconductor Manufacturing Trading Up 0.3 %

TSM traded up $0.58 during trading on Friday, hitting $174.54. 10,709,972 shares of the company’s stock were exchanged, compared to its average volume of 21,614,538. The company has a current ratio of 2.39, a quick ratio of 2.13 and a debt-to-equity ratio of 0.27. 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 50 day moving average price of $171.29 and a 200 day moving average price of $150.73. The firm has a market cap of $905.24 billion, a P/E ratio of 33.25, a price-to-earnings-growth ratio of 1.00 and a beta of 1.14.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last posted its earnings results on Thursday, July 18th. The semiconductor company reported $1.48 EPS for the quarter, topping analysts’ consensus estimates of $1.37 by $0.11. Taiwan Semiconductor Manufacturing had a net margin of 37.85% and a return on equity of 25.89%. The business had revenue of $20.82 billion for the quarter, compared to analysts’ expectations of $20.33 billion. During the same period in the previous year, the company posted $1.14 earnings per share. The business’s revenue for the quarter was up 34.6% compared to the same quarter last year. As a group, analysts expect that Taiwan Semiconductor Manufacturing Company Limited will post 6.44 EPS for the current fiscal year.

Taiwan Semiconductor Manufacturing Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 9th. Stockholders of record on Thursday, December 12th will be given a dividend of $0.4871 per share. This is a boost from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. This represents a $1.95 dividend on an annualized basis and a dividend yield of 1.12%. The ex-dividend date is Thursday, December 12th. Taiwan Semiconductor Manufacturing’s payout ratio is presently 32.57%.

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.