First Bank & Trust Has $427,000 Holdings in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

First Bank & Trust raised its position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 8.2% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 3,142 shares of the semiconductor company’s stock after acquiring an additional 237 shares during the period. First Bank & Trust’s holdings in Taiwan Semiconductor Manufacturing were worth $427,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in TSM. Grimes & Company Inc. boosted its position in shares of Taiwan Semiconductor Manufacturing by 0.8% during the first quarter. Grimes & Company Inc. now owns 249,980 shares of the semiconductor company’s stock valued at $34,010,000 after buying an additional 2,018 shares during the last quarter. Hennion & Walsh Asset Management Inc. purchased a new position in shares of Taiwan Semiconductor Manufacturing during the first quarter valued at approximately $361,000. Toth Financial Advisory Corp boosted its position in shares of Taiwan Semiconductor Manufacturing by 3.3% during the first quarter. Toth Financial Advisory Corp now owns 2,288 shares of the semiconductor company’s stock valued at $311,000 after buying an additional 74 shares during the last quarter. Opinicus Capital Inc. purchased a new position in shares of Taiwan Semiconductor Manufacturing during the first quarter valued at approximately $2,094,000. Finally, Galibier Capital Management Ltd. purchased a new position in shares of Taiwan Semiconductor Manufacturing during the first quarter valued at approximately $1,088,000. Institutional investors and hedge funds own 16.51% of the company’s stock.

Taiwan Semiconductor Manufacturing Stock Performance

Shares of TSM opened at $173.81 on Friday. The firm has a market cap of $901.45 billion, a PE ratio of 33.11, a PEG ratio of 1.19 and a beta of 1.11. The stock’s fifty day moving average price is $155.76 and its two-hundred day moving average price is $134.84. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.39 and a quick ratio of 2.13. Taiwan Semiconductor Manufacturing Company Limited has a 1 year low of $84.01 and a 1 year high of $184.86.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last issued its earnings results on Thursday, April 18th. The semiconductor company reported $1.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.29 by $0.09. The firm had revenue of $18.87 billion for the quarter, compared to analyst estimates 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 research analysts forecast that Taiwan Semiconductor Manufacturing Company Limited will post 6.13 EPS for the current year.

Taiwan Semiconductor Manufacturing Increases Dividend

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

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the company. Susquehanna lifted their target price on Taiwan Semiconductor Manufacturing from $180.00 to $200.00 and gave the company a “positive” rating in a research report on Monday, June 17th. Sanford C. Bernstein boosted their price objective on Taiwan Semiconductor Manufacturing from $150.00 to $200.00 and gave the stock an “outperform” rating in a research report on Thursday, June 20th. StockNews.com raised Taiwan Semiconductor Manufacturing from a “hold” rating to a “buy” rating in a research report on Thursday, April 11th. TD Cowen boosted their price objective on Taiwan Semiconductor Manufacturing from $100.00 to $130.00 and gave the stock a “hold” rating in a research report on Thursday, April 18th. Finally, Barclays boosted their price objective on Taiwan Semiconductor Manufacturing from $150.00 to $170.00 and gave the stock 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. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $173.60.

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.