Coldstream Capital Management Inc. Purchases 8,693 Shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Coldstream Capital Management Inc. increased its position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 117.3% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 16,102 shares of the semiconductor company’s stock after buying an additional 8,693 shares during the quarter. Coldstream Capital Management Inc.’s holdings in Taiwan Semiconductor Manufacturing were worth $2,799,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also bought and sold shares of the company. Johnson Financial Group Inc. purchased a new stake in shares of Taiwan Semiconductor Manufacturing in the 4th quarter valued at $25,000. Atlantic Edge Private Wealth Management LLC bought a new position in Taiwan Semiconductor Manufacturing during the 2nd quarter worth approximately $25,000. LifeSteps Financial Inc. purchased a new position in Taiwan Semiconductor Manufacturing in the 1st quarter worth approximately $27,000. Olistico Wealth LLC bought a new stake in Taiwan Semiconductor Manufacturing in the second quarter valued at approximately $27,000. Finally, North Star Investment Management Corp. boosted its stake in shares of Taiwan Semiconductor Manufacturing by 670.4% during the first quarter. North Star Investment Management Corp. now owns 208 shares of the semiconductor company’s stock valued at $28,000 after purchasing an additional 181 shares during the period. Hedge funds and other institutional investors own 16.51% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the stock. Sanford C. Bernstein upped their price target 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. Barclays raised their target price on Taiwan Semiconductor Manufacturing from $150.00 to $170.00 and gave the stock an “overweight” rating in a research note on Wednesday, June 5th. TD Cowen increased their price objective on Taiwan Semiconductor Manufacturing from $130.00 to $170.00 and gave the stock a “hold” rating in a report on Thursday, July 18th. Needham & Company LLC raised their price target on Taiwan Semiconductor Manufacturing from $168.00 to $210.00 and gave the stock a “buy” rating in a research note on Monday, July 15th. Finally, Susquehanna reissued a “positive” rating and set a $250.00 price objective on shares of Taiwan Semiconductor Manufacturing in a research report on Wednesday, August 14th. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. 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 Down 0.2 %

Shares of NYSE TSM opened at $162.49 on Wednesday. The stock has a market cap of $842.74 billion, a P/E ratio of 30.95, a price-to-earnings-growth ratio of 0.92 and a beta of 1.14. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.47 and a quick ratio of 2.21. Taiwan Semiconductor Manufacturing Company Limited has a 1 year low of $84.01 and a 1 year high of $193.47. The firm has a 50-day moving average of $169.33 and a 200 day moving average of $155.98.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last issued its quarterly 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 return on equity of 25.54% and a net margin of 37.85%. The firm 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 firm posted $1.14 EPS. The business’s revenue for the quarter was up 34.6% compared to the same quarter last year. As a group, sell-side analysts expect that Taiwan Semiconductor Manufacturing Company Limited will post 6.45 EPS for the current fiscal year.

Taiwan Semiconductor Manufacturing Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, January 9th. Stockholders of record on Thursday, December 12th will be issued a dividend of $0.4871 per share. This is a boost from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. The ex-dividend date of this dividend is Thursday, December 12th. This represents a $1.95 dividend on an annualized basis and a dividend yield of 1.20%. Taiwan Semiconductor Manufacturing’s dividend payout ratio is presently 32.57%.

Taiwan Semiconductor Manufacturing Company 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.