Patriot Financial Group Insurance Agency LLC Acquires 399 Shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Patriot Financial Group Insurance Agency LLC raised its holdings in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 2.9% in the 1st quarter, HoldingsChannel reports. The fund owned 14,248 shares of the semiconductor company’s stock after acquiring an additional 399 shares during the period. Patriot Financial Group Insurance Agency LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $2,365,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the business. Wedmont Private Capital raised its position in Taiwan Semiconductor Manufacturing by 1.6% during the 1st quarter. Wedmont Private Capital now owns 7,851 shares of the semiconductor company’s stock worth $1,233,000 after purchasing an additional 126 shares during the last quarter. UMB Bank n.a. increased its stake in shares of Taiwan Semiconductor Manufacturing by 2.4% in the first quarter. UMB Bank n.a. now owns 6,118 shares of the semiconductor company’s stock valued at $1,016,000 after buying an additional 142 shares during the period. TB Alternative Assets Ltd. acquired a new stake in shares of Taiwan Semiconductor Manufacturing in the first quarter valued at about $6,490,000. Gemmer Asset Management LLC raised its position in shares of Taiwan Semiconductor Manufacturing by 160.9% during the first quarter. Gemmer Asset Management LLC now owns 7,804 shares of the semiconductor company’s stock worth $1,295,000 after acquiring an additional 4,813 shares during the last quarter. Finally, Gateway Investment Advisers LLC lifted its stake in shares of Taiwan Semiconductor Manufacturing by 51.3% in the first quarter. Gateway Investment Advisers LLC now owns 1,663 shares of the semiconductor company’s stock worth $276,000 after acquiring an additional 564 shares during the period. Institutional investors own 16.51% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on TSM shares. Barclays reissued an “overweight” rating and set a $240.00 target price (up previously from $215.00) on shares of Taiwan Semiconductor Manufacturing in a research report on Tuesday, June 3rd. Citigroup reaffirmed a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a research note on Thursday, May 22nd. Needham & Company LLC reissued a “buy” rating and set a $225.00 target price on shares of Taiwan Semiconductor Manufacturing in a research note on Thursday, April 17th. Finally, Susquehanna restated a “positive” rating on shares of Taiwan Semiconductor Manufacturing in a report on Friday, April 25th. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, Taiwan Semiconductor Manufacturing has a consensus rating of “Moderate Buy” and an average price target of $217.00.

Taiwan Semiconductor Manufacturing Price Performance

Taiwan Semiconductor Manufacturing stock opened at $205.10 on Friday. The stock has a market capitalization of $1.06 trillion, a price-to-earnings ratio of 29.13, a PEG ratio of 0.66 and a beta of 1.27. Taiwan Semiconductor Manufacturing Company Limited has a 52-week low of $133.57 and a 52-week high of $226.40. The company has a debt-to-equity ratio of 0.24, a quick ratio of 2.30 and a current ratio of 2.57. The stock’s 50 day moving average price is $174.27 and its two-hundred day moving average price is $187.87.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last posted its quarterly earnings results on Thursday, April 17th. The semiconductor company reported $2.12 earnings per share for the quarter, beating the consensus estimate of $2.03 by $0.09. Taiwan Semiconductor Manufacturing had a net margin of 40.51% and a return on equity of 30.47%. The firm had revenue of $25.82 billion during the quarter, compared to the consensus estimate of $834.10 billion. On average, equities analysts predict that Taiwan Semiconductor Manufacturing Company Limited will post 9.2 earnings per share for the current year.

Taiwan Semiconductor Manufacturing Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 9th. Investors of record on Tuesday, September 16th will be given a $0.6499 dividend. This represents a $2.60 annualized dividend and a yield of 1.27%. The ex-dividend date of this dividend is Tuesday, September 16th. Taiwan Semiconductor Manufacturing’s payout ratio is currently 30.46%.

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.