Gilman Hill Asset Management LLC Buys New Stake in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Gilman Hill Asset Management LLC bought a new stake in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) during the second quarter, HoldingsChannel reports. The institutional investor bought 1,777 shares of the semiconductor company’s stock, valued at approximately $309,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Arizona State Retirement System purchased a new position in shares of Taiwan Semiconductor Manufacturing during the 4th quarter worth $1,304,000. International Assets Investment Management LLC lifted its stake in shares of Taiwan Semiconductor Manufacturing by 5,620.4% during the 4th quarter. International Assets Investment Management LLC now owns 213,942 shares of the semiconductor company’s stock worth $22,250,000 after purchasing an additional 210,202 shares during the period. Busey Bank purchased a new position in shares of Taiwan Semiconductor Manufacturing during the 4th quarter worth $222,000. HBK Sorce Advisory LLC lifted its stake in shares of Taiwan Semiconductor Manufacturing by 3.7% during the 4th quarter. HBK Sorce Advisory LLC now owns 5,430 shares of the semiconductor company’s stock worth $565,000 after purchasing an additional 195 shares during the period. Finally, RFG Advisory LLC purchased a new position in shares of Taiwan Semiconductor Manufacturing in the 4th quarter worth $234,000. Hedge funds and other institutional investors own 16.51% of the company’s stock.

Taiwan Semiconductor Manufacturing Stock Up 1.6 %

NYSE TSM traded up $2.57 during trading hours on Friday, hitting $167.12. The company had a trading volume of 20,519,406 shares, compared to its average volume of 16,268,685. Taiwan Semiconductor Manufacturing Company Limited has a fifty-two week low of $84.01 and a fifty-two week high of $193.47. The company has a market capitalization of $866.75 billion, a price-to-earnings ratio of 31.83, a P/E/G ratio of 0.92 and a beta of 1.14. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.39 and a quick ratio of 2.13. The firm’s 50 day moving average is $170.06 and its 200 day moving average is $148.80.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last announced its quarterly earnings results on Thursday, July 18th. The semiconductor company reported $1.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.37 by $0.11. The firm had revenue of $20.82 billion during the quarter, compared to the consensus estimate of $20.33 billion. Taiwan Semiconductor Manufacturing had a return on equity of 25.89% and a net margin of 37.85%. The firm’s quarterly 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 EPS. Sell-side analysts anticipate that Taiwan Semiconductor Manufacturing Company Limited will post 6.37 earnings per share for the current fiscal year.

Taiwan Semiconductor Manufacturing Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 9th. Stockholders of record on Thursday, September 12th will be paid a dividend of $0.4865 per share. The ex-dividend date is Thursday, September 12th. This is an increase from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.44. This represents a $1.95 annualized dividend and a dividend yield of 1.16%. Taiwan Semiconductor Manufacturing’s dividend payout ratio (DPR) is currently 32.57%.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on TSM. Sanford C. Bernstein increased their target price 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. Needham & Company LLC increased their target price on Taiwan Semiconductor Manufacturing from $168.00 to $210.00 and gave the stock a “buy” rating in a research report on Monday, July 15th. Susquehanna reaffirmed a “positive” rating and issued a $250.00 target price on shares of Taiwan Semiconductor Manufacturing in a research report on Tuesday. TD Cowen increased their target price on Taiwan Semiconductor Manufacturing from $130.00 to $170.00 and gave the stock a “hold” rating in a research report on Thursday, July 18th. Finally, Barclays increased their price target on Taiwan Semiconductor Manufacturing from $150.00 to $170.00 and gave the company an “overweight” rating in a report on Wednesday, June 5th. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, Taiwan Semiconductor Manufacturing has an average rating of “Moderate Buy” and a consensus target price of $200.00.

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.