Barden Capital Management Inc. Buys New Position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Barden Capital Management Inc. bought a new stake in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 9,177 shares of the semiconductor company’s stock, valued at approximately $1,249,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Johnson Financial Group Inc. bought a new position in shares of Taiwan Semiconductor Manufacturing during the 4th quarter valued at about $25,000. LifeSteps Financial Inc. bought a new position in shares of Taiwan Semiconductor Manufacturing during the 1st quarter valued at about $27,000. North Star Investment Management Corp. boosted its position in shares of Taiwan Semiconductor Manufacturing by 670.4% during the 1st quarter. North Star Investment Management Corp. now owns 208 shares of the semiconductor company’s stock valued at $28,000 after purchasing an additional 181 shares in the last quarter. Sachetta LLC bought a new position in shares of Taiwan Semiconductor Manufacturing during the 4th quarter valued at about $29,000. Finally, Farmers & Merchants Investments Inc. bought a new position in shares of Taiwan Semiconductor Manufacturing during the 4th quarter valued at about $31,000. Institutional investors own 16.51% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the stock. Sanford C. Bernstein raised their price objective on shares of Taiwan Semiconductor Manufacturing from $150.00 to $200.00 and gave the company an “outperform” rating in a research report on Thursday, June 20th. Needham & Company LLC upped their price objective on shares of Taiwan Semiconductor Manufacturing from $168.00 to $210.00 and gave the company a “buy” rating in a research note on Monday. Barclays upped their price objective on shares of Taiwan Semiconductor Manufacturing from $150.00 to $170.00 and gave the company an “overweight” rating in a research note on Wednesday, June 5th. TD Cowen upped their price objective on shares of Taiwan Semiconductor Manufacturing from $130.00 to $170.00 and gave the company a “hold” rating in a research note on Thursday. Finally, Susquehanna upped their price objective on shares of Taiwan Semiconductor Manufacturing from $200.00 to $250.00 and gave the company a “positive” rating in a research note on Thursday, July 11th. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $200.00.

Taiwan Semiconductor Manufacturing Stock Down 3.5 %

Shares of NYSE TSM traded down $6.09 during mid-day trading on Friday, reaching $165.78. The company had a trading volume of 22,501,464 shares, compared to its average volume of 15,750,284. The stock has a fifty day moving average of $168.40 and a two-hundred day moving average of $142.69. The company has a debt-to-equity ratio of 0.27, a quick ratio of 2.13 and a current ratio of 2.39. The company has a market capitalization of $859.80 billion, a price-to-earnings ratio of 31.58, a PEG ratio of 1.10 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.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last posted its quarterly earnings results on Thursday, July 18th. The semiconductor company reported $1.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.37 by $0.11. The business had revenue of $20.82 billion during the quarter, compared to analyst estimates of $20.33 billion. Taiwan Semiconductor Manufacturing had a net margin of 38.15% and a return on equity of 24.75%. The firm’s revenue was up 34.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.14 earnings per share. As a group, equities research analysts expect that Taiwan Semiconductor Manufacturing Company Limited will post 6.16 EPS for the current 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 $0.4865 dividend. This represents a $1.95 dividend on an annualized basis and a dividend yield of 1.17%. 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 dividend payout ratio is 36.95%.

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.