Grimes & Company Inc. Purchases 2,018 Shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Grimes & Company Inc. increased its position in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 0.8% in the 1st quarter, HoldingsChannel reports. The fund owned 249,980 shares of the semiconductor company’s stock after acquiring an additional 2,018 shares during the period. Taiwan Semiconductor Manufacturing makes up about 1.0% of Grimes & Company Inc.’s portfolio, making the stock its 18th largest holding. Grimes & Company Inc.’s holdings in Taiwan Semiconductor Manufacturing were worth $34,010,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the company. Tsfg LLC lifted its holdings in shares of Taiwan Semiconductor Manufacturing by 470.7% during the 1st quarter. Tsfg LLC now owns 234 shares of the semiconductor company’s stock valued at $32,000 after purchasing an additional 193 shares during the last quarter. Indiana Trust & Investment Management CO purchased a new stake in Taiwan Semiconductor Manufacturing in the first quarter valued at about $33,000. Johnson Financial Group Inc. acquired a new stake in Taiwan Semiconductor Manufacturing in the fourth quarter worth about $25,000. Sachetta LLC purchased a new stake in shares of Taiwan Semiconductor Manufacturing during the fourth quarter worth about $29,000. Finally, First Financial Corp IN acquired a new position in shares of Taiwan Semiconductor Manufacturing during the first quarter valued at about $40,000. 16.51% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on TSM shares. TD Cowen raised their price target on shares of Taiwan Semiconductor Manufacturing from $100.00 to $130.00 and gave the stock a “hold” rating in a research report on Thursday, April 18th. Needham & Company LLC reissued a “buy” rating and issued a $168.00 price objective on shares of Taiwan Semiconductor Manufacturing in a report on Wednesday, May 22nd. StockNews.com upgraded Taiwan Semiconductor Manufacturing from a “hold” rating to a “buy” rating in a research report on Thursday, April 11th. Susquehanna boosted their price target on shares of Taiwan Semiconductor Manufacturing from $180.00 to $200.00 and gave the stock a “positive” rating in a report on Monday, June 17th. Finally, Barclays lifted their target price on shares of Taiwan Semiconductor Manufacturing from $150.00 to $170.00 and gave the company an “overweight” rating in a research report on Wednesday, June 5th. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Taiwan Semiconductor Manufacturing currently has an average rating of “Moderate Buy” and a consensus target price of $173.60.

Taiwan Semiconductor Manufacturing Trading Up 1.3 %

Taiwan Semiconductor Manufacturing stock traded up $2.18 during midday trading on Friday, hitting $173.81. 11,216,068 shares of the stock were exchanged, compared to its average volume of 15,412,981. The company has a current ratio of 2.39, a quick ratio of 2.13 and a debt-to-equity ratio of 0.27. The stock has a market capitalization of $901.45 billion, a price-to-earnings ratio of 33.11, a PEG ratio of 1.18 and a beta of 1.11. The stock’s 50-day simple moving average is $155.76 and its 200 day simple moving average is $134.84. Taiwan Semiconductor Manufacturing Company Limited has a fifty-two week low of $84.01 and a fifty-two week high of $184.86.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last released its quarterly earnings data on Thursday, April 18th. The semiconductor company reported $1.38 EPS for the quarter, beating analysts’ consensus estimates of $1.29 by $0.09. The firm had revenue of $18.87 billion for the quarter, compared to analysts’ expectations of $18.38 billion. Taiwan Semiconductor Manufacturing had a return on equity of 24.75% and a net margin of 38.15%. On average, equities analysts anticipate that Taiwan Semiconductor Manufacturing Company Limited will post 6.13 EPS for the current year.

Taiwan Semiconductor Manufacturing Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 9th. Shareholders of record on Thursday, September 12th will be given a $0.4865 dividend. The ex-dividend date is Thursday, September 12th. This represents a $1.95 dividend on an annualized basis and a yield of 1.12%. This is a boost from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.44. Taiwan Semiconductor Manufacturing’s dividend payout ratio is presently 32.76%.

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.