GABELLI & Co INVESTMENT ADVISERS INC. Buys Shares of 1,500 Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

GABELLI & Co INVESTMENT ADVISERS INC. bought a new position in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 1,500 shares of the semiconductor company’s stock, valued at approximately $204,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. LifeSteps Financial Inc. acquired a new position in Taiwan Semiconductor Manufacturing in the first quarter valued at $27,000. North Star Investment Management Corp. raised its position in Taiwan Semiconductor Manufacturing by 670.4% in the first 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 during the period. Tsfg LLC lifted its stake in shares of Taiwan Semiconductor Manufacturing by 470.7% during the first quarter. Tsfg LLC now owns 234 shares of the semiconductor company’s stock worth $32,000 after purchasing an additional 193 shares in the last quarter. Indiana Trust & Investment Management CO acquired a new stake in shares of Taiwan Semiconductor Manufacturing in the first quarter valued at about $33,000. Finally, Cherry Tree Wealth Management LLC purchased a new stake in shares of Taiwan Semiconductor Manufacturing during the 1st quarter valued at about $33,000. 16.51% of the stock is owned by hedge funds and other institutional investors.

Taiwan Semiconductor Manufacturing Stock Up 1.0 %

NYSE TSM traded up $1.66 during trading hours on Friday, reaching $161.94. 13,089,172 shares of the company traded hands, compared to its average volume of 19,465,338. The company has a 50 day moving average of $169.66 and a two-hundred day moving average of $145.21. The stock has a market capitalization of $839.89 billion, a PE ratio of 30.85, a PEG ratio of 0.95 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 posted its quarterly earnings results on Thursday, July 18th. The semiconductor company reported $1.48 EPS for the quarter, topping analysts’ consensus estimates of $1.37 by $0.11. Taiwan Semiconductor Manufacturing had a return on equity of 25.89% and a net margin of 37.85%. The business had revenue of $20.82 billion during the quarter, compared to the consensus estimate of $20.33 billion. During the same period last year, the firm earned $1.14 earnings per share. The company’s revenue for the quarter was up 34.6% compared to the same quarter last year. As a group, equities analysts expect that Taiwan Semiconductor Manufacturing Company Limited will post 6.37 earnings per share for the current year.

Taiwan Semiconductor Manufacturing Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 9th. Shareholders of record on Thursday, September 12th will be paid a dividend of $0.4865 per share. This is a positive change from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.44. The ex-dividend date is Thursday, September 12th. This represents a $1.95 annualized dividend and a yield of 1.20%. Taiwan Semiconductor Manufacturing’s payout ratio is presently 32.57%.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on TSM shares. Susquehanna upped their price target on Taiwan Semiconductor Manufacturing from $200.00 to $250.00 and gave the stock a “positive” rating in a report on Thursday, July 11th. StockNews.com raised shares of Taiwan Semiconductor Manufacturing from a “hold” rating to a “buy” rating in a report on Thursday, April 11th. Needham & Company LLC boosted their price objective on shares of Taiwan Semiconductor Manufacturing from $168.00 to $210.00 and gave the stock a “buy” rating in a report on Monday, July 15th. TD Cowen raised their target price on Taiwan Semiconductor Manufacturing from $130.00 to $170.00 and gave the company a “hold” rating in a research note on Thursday, July 18th. Finally, Barclays lifted their target price 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 research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, Taiwan Semiconductor Manufacturing currently has an average rating of “Moderate Buy” and an average price target 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.