Interchange Capital Partners LLC Makes New Investment in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Interchange Capital Partners LLC purchased a new position in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSMGet Rating) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 2,372 shares of the semiconductor company’s stock, valued at approximately $285,000.

Several other hedge funds have also recently added to or reduced their stakes in the company. Bell Investment Advisors Inc acquired a new position in shares of Taiwan Semiconductor Manufacturing during the 3rd quarter valued at $32,000. Eagle Bay Advisors LLC increased its holdings in Taiwan Semiconductor Manufacturing by 66.3% during the 3rd quarter. Eagle Bay Advisors LLC now owns 316 shares of the semiconductor company’s stock worth $35,000 after purchasing an additional 126 shares during the last quarter. Asset Dedication LLC increased its stake in shares of Taiwan Semiconductor Manufacturing by 176.2% in the fourth quarter. Asset Dedication LLC now owns 290 shares of the semiconductor company’s stock worth $35,000 after buying an additional 185 shares during the last quarter. McIlrath & Eck LLC lifted its position in shares of Taiwan Semiconductor Manufacturing by 78.4% during the third quarter. McIlrath & Eck LLC now owns 330 shares of the semiconductor company’s stock worth $37,000 after purchasing an additional 145 shares during the last quarter. Finally, Paragon Capital Management Ltd bought a new stake in shares of Taiwan Semiconductor Manufacturing in the 4th quarter valued at approximately $40,000.

Shares of NYSE TSM traded down $3.14 during midday trading on Friday, reaching $98.36. 17,828,483 shares of the company traded hands, compared to its average volume of 12,241,542. Taiwan Semiconductor Manufacturing Company Limited has a 12 month low of $96.91 and a 12 month high of $145.00. The company has a quick ratio of 1.81, a current ratio of 2.09 and a debt-to-equity ratio of 0.23. The stock’s 50-day simple moving average is $108.34 and its 200-day simple moving average is $115.85.

Taiwan Semiconductor Manufacturing (NYSE:TSMGet Rating) last issued its quarterly earnings results on Thursday, April 14th. The semiconductor company reported $1.39 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.33 by $0.06. The business had revenue of $491.08 billion for the quarter, compared to the consensus estimate of $471.53 billion. Taiwan Semiconductor Manufacturing had a net margin of 38.44% and a return on equity of 32.37%. The firm’s quarterly revenue was up 35.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.96 EPS. As a group, equities research analysts expect that Taiwan Semiconductor Manufacturing Company Limited will post 5.51 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 14th. Stockholders of record on Friday, June 17th will be issued a $0.3897 dividend. This represents a $1.56 annualized dividend and a dividend yield of 1.58%. The ex-dividend date is Thursday, June 16th. Taiwan Semiconductor Manufacturing’s dividend payout ratio (DPR) is 32.89%.

Several analysts recently issued reports on TSM shares. DZ Bank assumed coverage on Taiwan Semiconductor Manufacturing in a report on Wednesday, January 12th. They issued a “buy” rating and a $145.00 price target on the stock. Morgan Stanley upgraded shares of Taiwan Semiconductor Manufacturing from an “equal weight” rating to an “overweight” rating in a research note on Monday, February 7th. Cowen raised their price objective on shares of Taiwan Semiconductor Manufacturing from $120.00 to $125.00 in a research report on Tuesday, January 11th. Zacks Investment Research upgraded Taiwan Semiconductor Manufacturing from a “hold” rating to a “buy” rating and set a $109.00 price objective for the company in a research report on Thursday. Finally, Atlantic Securities upgraded shares of Taiwan Semiconductor Manufacturing from a “neutral” rating to an “overweight” rating and boosted their price target for the company from $125.00 to $170.00 in a report on Thursday, January 13th. Four analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of $135.26.

About Taiwan Semiconductor Manufacturing (Get Rating)

Taiwan Semiconductor Manufacturing Company Limited manufactures and sells integrated circuits and semiconductors. It also offers customer service, account management, and engineering services. The company serves customers in computer, communications, consumer, and industrial and standard segments in North America, Europe, Japan, China, and South Korea.

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

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