Copperleaf Capital LLC Purchases 1,439 Shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Copperleaf Capital LLC boosted its holdings in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 10.7% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 14,867 shares of the semiconductor company’s stock after acquiring an additional 1,439 shares during the quarter. Taiwan Semiconductor Manufacturing accounts for approximately 1.4% of Copperleaf Capital LLC’s holdings, making the stock its 24th largest position. Copperleaf Capital LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $1,500,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in TSM. Mirae Asset Global Investments Co. Ltd. grew its position in Taiwan Semiconductor Manufacturing by 30.0% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,381,845 shares of the semiconductor company’s stock worth $144,071,000 after purchasing an additional 318,570 shares during the period. Zions Bancorporation N.A. grew its holdings in shares of Taiwan Semiconductor Manufacturing by 29.2% in the first quarter. Zions Bancorporation N.A. now owns 597 shares of the semiconductor company’s stock worth $62,000 after acquiring an additional 135 shares during the period. Brown Brothers Harriman & Co. increased its position in Taiwan Semiconductor Manufacturing by 40.1% during the first quarter. Brown Brothers Harriman & Co. now owns 12,700 shares of the semiconductor company’s stock valued at $1,324,000 after acquiring an additional 3,638 shares during the last quarter. Merit Financial Group LLC lifted its holdings in Taiwan Semiconductor Manufacturing by 17.3% in the first quarter. Merit Financial Group LLC now owns 2,350 shares of the semiconductor company’s stock valued at $245,000 after acquiring an additional 346 shares during the period. Finally, Ergoteles LLC boosted its position in Taiwan Semiconductor Manufacturing by 138.6% in the first quarter. Ergoteles LLC now owns 45,497 shares of the semiconductor company’s stock worth $4,744,000 after purchasing an additional 26,426 shares during the last quarter. 16.51% of the stock is currently owned by hedge funds and other institutional investors.

Taiwan Semiconductor Manufacturing Price Performance

NYSE TSM traded down $1.18 during trading on Tuesday, hitting $98.78. 4,278,592 shares of the stock traded hands, compared to its average volume of 10,939,341. The company has a quick ratio of 1.88, a current ratio of 2.15 and a debt-to-equity ratio of 0.29. Taiwan Semiconductor Manufacturing Company Limited has a 12-month low of $72.84 and a 12-month high of $110.69. The firm has a 50-day simple moving average of $90.37 and a 200-day simple moving average of $94.58. The company has a market capitalization of $512.31 billion, a P/E ratio of 17.98, a price-to-earnings-growth ratio of 2.77 and a beta of 1.04.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last posted its earnings results on Thursday, October 19th. The semiconductor company reported $1.29 earnings per share for the quarter, beating analysts’ consensus estimates of $1.16 by $0.13. Taiwan Semiconductor Manufacturing had a net margin of 41.42% and a return on equity of 28.28%. The firm had revenue of $17.28 billion during the quarter, compared to analyst estimates of $16.90 billion. During the same period last year, the firm posted $1.79 earnings per share. Taiwan Semiconductor Manufacturing’s revenue for the quarter was down 10.1% compared to the same quarter last year. As a group, analysts predict that Taiwan Semiconductor Manufacturing Company Limited will post 4.97 EPS for the current year.

Taiwan Semiconductor Manufacturing Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 11th. Stockholders of record on Tuesday, March 19th will be paid a $0.5415 dividend. The ex-dividend date of this dividend is Monday, March 18th. This represents a $2.17 annualized dividend and a dividend yield of 2.19%. This is an increase from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.47. Taiwan Semiconductor Manufacturing’s dividend payout ratio is currently 26.44%.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on TSM shares. Barclays started coverage on shares of Taiwan Semiconductor Manufacturing in a research note on Monday, October 23rd. They issued an “overweight” rating and a $105.00 price objective on the stock. Needham & Company LLC reiterated a “buy” rating and set a $115.00 price target on shares of Taiwan Semiconductor Manufacturing in a research note on Friday, October 20th. Susquehanna reduced their price objective on Taiwan Semiconductor Manufacturing from $135.00 to $130.00 in a research note on Monday, October 9th. Finally, StockNews.com downgraded Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a research report on Tuesday, November 14th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, Taiwan Semiconductor Manufacturing presently has a consensus rating of “Moderate Buy” and an average target price of $116.67.

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 complementary metal oxide silicon wafer fabrication processes to manufacture logic, mixed-signal, radio frequency, and embedded memory semiconductors.