Viewpoint Investment Partners Corp Purchases New Shares in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Viewpoint Investment Partners Corp purchased a new stake in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 1,670 shares of the semiconductor company’s stock, valued at approximately $277,000.

Other institutional investors have also made changes to their positions in the company. Stonebridge Financial Group LLC bought a new stake in Taiwan Semiconductor Manufacturing during the 4th quarter worth about $25,000. IMG Wealth Management Inc. bought a new stake in Taiwan Semiconductor Manufacturing during the 4th quarter worth about $26,000. Hopwood Financial Services Inc. bought a new stake in Taiwan Semiconductor Manufacturing during the 4th quarter worth about $27,000. Accredited Wealth Management LLC bought a new stake in Taiwan Semiconductor Manufacturing during the 4th quarter worth about $31,000. Finally, Roxbury Financial LLC bought a new stake in Taiwan Semiconductor Manufacturing during the 4th quarter worth about $29,000. 16.51% of the stock is owned by institutional investors.

Taiwan Semiconductor Manufacturing Stock Performance

Shares of TSM stock opened at $211.07 on Friday. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.57 and a quick ratio of 2.30. The stock has a market cap of $1.09 trillion, a PE ratio of 29.98, a price-to-earnings-growth ratio of 0.66 and a beta of 1.27. The stock has a 50-day moving average of $180.24 and a 200-day moving average of $188.72. Taiwan Semiconductor Manufacturing Company Limited has a one year low of $133.57 and a one year high of $226.40.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last announced its quarterly earnings results on Thursday, April 17th. The semiconductor company reported $2.12 EPS for the quarter, beating analysts’ consensus estimates of $2.03 by $0.09. The company had revenue of $25.82 billion during the quarter, compared to analysts’ expectations of $834.10 billion. Taiwan Semiconductor Manufacturing had a return on equity of 30.47% and a net margin of 40.51%. As a group, sell-side analysts expect that Taiwan Semiconductor Manufacturing Company Limited will post 9.2 earnings per share for the current year.

Taiwan Semiconductor Manufacturing Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 9th. Investors of record on Tuesday, September 16th will be given a $0.6499 dividend. The ex-dividend date of this dividend is Tuesday, September 16th. This represents a $2.60 annualized dividend and a dividend yield of 1.23%. Taiwan Semiconductor Manufacturing’s dividend payout ratio is presently 30.46%.

Analysts Set New Price Targets

Several analysts have weighed in on the company. Citigroup reissued a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a report on Thursday, May 22nd. Barclays reissued an “overweight” rating and set a $240.00 price objective (up from $215.00) on shares of Taiwan Semiconductor Manufacturing in a report on Tuesday, June 3rd. Susquehanna reissued a “positive” rating on shares of Taiwan Semiconductor Manufacturing in a report on Friday, April 25th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $225.00 price target on shares of Taiwan Semiconductor Manufacturing in a research note on Thursday, April 17th. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $217.00.

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.