Chevy Chase Trust Holdings LLC Buys 2,778 Shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Chevy Chase Trust Holdings LLC grew its stake in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 108.3% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 5,343 shares of the semiconductor company’s stock after acquiring an additional 2,778 shares during the quarter. Chevy Chase Trust Holdings LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $727,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the stock. LifeSteps Financial Inc. purchased a new position in shares of Taiwan Semiconductor Manufacturing in the first quarter worth $27,000. North Star Investment Management Corp. increased its position in 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 acquiring an additional 181 shares during the last quarter. Tsfg LLC increased its position in Taiwan Semiconductor Manufacturing by 470.7% during the first quarter. Tsfg LLC now owns 234 shares of the semiconductor company’s stock valued at $32,000 after acquiring an additional 193 shares during the last quarter. Indiana Trust & Investment Management CO purchased a new stake in Taiwan Semiconductor Manufacturing during the first quarter valued at $33,000. Finally, Cherry Tree Wealth Management LLC purchased a new stake in Taiwan Semiconductor Manufacturing during the first quarter valued at $33,000. 16.51% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts recently commented on TSM shares. Susquehanna upped their price objective on Taiwan Semiconductor Manufacturing from $200.00 to $250.00 and gave the company a “positive” rating in a research report on Thursday. Needham & Company LLC reaffirmed a “buy” rating and issued a $168.00 price objective on shares of Taiwan Semiconductor Manufacturing in a research note on Wednesday, May 22nd. Sanford C. Bernstein raised their price objective on Taiwan Semiconductor Manufacturing from $150.00 to $200.00 and gave the stock an “outperform” rating in a research note on Thursday, June 20th. StockNews.com raised Taiwan Semiconductor Manufacturing from a “hold” rating to a “buy” rating in a research note on Thursday, April 11th. Finally, Barclays raised their price objective 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. One analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, Taiwan Semiconductor Manufacturing currently has an average rating of “Moderate Buy” and a consensus price target of $183.60.

Taiwan Semiconductor Manufacturing Stock Down 3.4 %

Shares of TSM opened at $184.47 on Friday. The business’s 50 day moving average is $164.26 and its 200 day moving average is $139.62. The company has a market capitalization of $956.74 billion, a PE ratio of 35.14, a price-to-earnings-growth ratio of 1.31 and a beta of 1.14. Taiwan Semiconductor Manufacturing Company Limited has a 12-month low of $84.01 and a 12-month high of $193.47. The company has a current ratio of 2.39, a quick ratio of 2.13 and a debt-to-equity ratio of 0.27.

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 company had revenue of $18.87 billion for the quarter, compared to the consensus estimate of $18.38 billion. Taiwan Semiconductor Manufacturing had a return on equity of 24.75% and a net margin of 38.15%. Research analysts expect that Taiwan Semiconductor Manufacturing Company Limited will post 6.13 earnings per share for the current fiscal year.

Taiwan Semiconductor Manufacturing Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 9th. Shareholders of record on Thursday, September 12th will be issued a dividend of $0.4865 per share. This represents a $1.95 annualized dividend and a yield of 1.05%. The ex-dividend date of this dividend is Thursday, September 12th. This is a boost from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.44. Taiwan Semiconductor Manufacturing’s dividend payout ratio (DPR) is currently 32.57%.

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.