WD Rutherford LLC Makes New $84,000 Investment in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

WD Rutherford LLC purchased a new position in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 615 shares of the semiconductor company’s stock, valued at approximately $84,000.

Several other hedge funds also recently modified their holdings of TSM. Avestar Capital LLC lifted its holdings in shares of Taiwan Semiconductor Manufacturing by 1.8% during the 4th quarter. Avestar Capital LLC now owns 5,427 shares of the semiconductor company’s stock worth $567,000 after acquiring an additional 95 shares during the period. Mather Group LLC. lifted its holdings in shares of Taiwan Semiconductor Manufacturing by 2.0% during the 4th quarter. Mather Group LLC. now owns 4,819 shares of the semiconductor company’s stock worth $501,000 after acquiring an additional 96 shares during the period. Benjamin Edwards Inc. lifted its holdings in shares of Taiwan Semiconductor Manufacturing by 2.3% during the 4th quarter. Benjamin Edwards Inc. now owns 4,239 shares of the semiconductor company’s stock worth $441,000 after acquiring an additional 96 shares during the period. Intrinsic Value Partners LLC lifted its holdings in shares of Taiwan Semiconductor Manufacturing by 0.4% during the 4th quarter. Intrinsic Value Partners LLC now owns 24,903 shares of the semiconductor company’s stock worth $2,590,000 after acquiring an additional 100 shares during the period. Finally, Atlas Private Wealth Advisors lifted its holdings in shares of Taiwan Semiconductor Manufacturing by 3.3% during the 4th quarter. Atlas Private Wealth Advisors now owns 3,288 shares of the semiconductor company’s stock worth $342,000 after acquiring an additional 104 shares during the period. 16.51% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

Taiwan Semiconductor Manufacturing Stock Up 1.3 %

Shares of TSM traded up $2.18 during mid-day trading on Friday, reaching $173.81. 11,216,068 shares of the stock traded hands, compared to its average volume of 15,412,981. The firm has a market cap of $901.45 billion, a price-to-earnings ratio of 33.11, a P/E/G ratio of 1.18 and a beta of 1.11. The stock has a fifty day simple moving average of $155.76 and a 200 day simple moving average of $134.61. Taiwan Semiconductor Manufacturing Company Limited has a 12-month low of $84.01 and a 12-month high of $184.86. The company has a quick ratio of 2.13, a current ratio of 2.39 and a debt-to-equity ratio of 0.27.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last posted its quarterly earnings data on Thursday, April 18th. The semiconductor company reported $1.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.29 by $0.09. Taiwan Semiconductor Manufacturing had a net margin of 38.15% and a return on equity of 24.75%. The company had revenue of $18.87 billion for the quarter, compared to analyst estimates of $18.38 billion. Sell-side analysts expect that Taiwan Semiconductor Manufacturing Company Limited will post 6.13 EPS for the current fiscal year.

Taiwan Semiconductor Manufacturing Increases Dividend

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

About Taiwan Semiconductor Manufacturing

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.