Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) Shares Sold by Ninety One SA PTY Ltd

Ninety One SA PTY Ltd trimmed its holdings in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 5.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 31,352 shares of the semiconductor company’s stock after selling 1,856 shares during the quarter. Ninety One SA PTY Ltd’s holdings in Taiwan Semiconductor Manufacturing were worth $3,261,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of TSM. Mirae Asset Global Investments Co. Ltd. increased its position in shares of Taiwan Semiconductor Manufacturing by 30.0% during 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 last quarter. Zions Bancorporation N.A. boosted its holdings in Taiwan Semiconductor Manufacturing by 29.2% during the 1st quarter. Zions Bancorporation N.A. now owns 597 shares of the semiconductor company’s stock valued at $62,000 after acquiring an additional 135 shares during the period. Brown Brothers Harriman & Co. boosted its holdings in Taiwan Semiconductor Manufacturing by 40.1% during the 1st 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 period. Merit Financial Group LLC boosted its holdings in Taiwan Semiconductor Manufacturing by 17.3% during the 1st 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 holdings in Taiwan Semiconductor Manufacturing by 138.6% during the 1st quarter. Ergoteles LLC now owns 45,497 shares of the semiconductor company’s stock valued at $4,744,000 after acquiring an additional 26,426 shares during the period. 16.51% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts recently commented on TSM shares. Susquehanna raised their target price on Taiwan Semiconductor Manufacturing from $160.00 to $180.00 and gave the company a “positive” rating in a report on Tuesday, April 2nd. TD Cowen raised their target price on Taiwan Semiconductor Manufacturing from $100.00 to $130.00 and gave the company a “hold” rating in a report on Thursday. Barclays raised their target price on Taiwan Semiconductor Manufacturing from $125.00 to $145.00 and gave the company an “overweight” rating in a report on Tuesday, April 2nd. Needham & Company LLC reiterated a “buy” rating and issued a $168.00 price objective on shares of Taiwan Semiconductor Manufacturing in a research note on Thursday. Finally, StockNews.com upgraded Taiwan Semiconductor Manufacturing from a “hold” rating to a “buy” rating in a research note on Thursday, April 11th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $155.75.

Taiwan Semiconductor Manufacturing Stock Down 5.0 %

Shares of TSM traded down $6.90 during midday trading on Thursday, hitting $132.13. The company had a trading volume of 33,692,389 shares, compared to its average volume of 15,627,939. The company’s 50-day simple moving average is $136.64 and its 200-day simple moving average is $112.61. The company has a debt-to-equity ratio of 0.26, a quick ratio of 2.13 and a current ratio of 2.40. The firm has a market capitalization of $685.28 billion, a P/E ratio of 25.59, a P/E/G ratio of 1.07 and a beta of 1.15. Taiwan Semiconductor Manufacturing Company Limited has a 1 year low of $81.21 and a 1 year high of $158.40.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last posted its earnings results on Thursday, January 18th. The semiconductor company reported $1.44 earnings per share for the quarter, topping the consensus estimate of $1.37 by $0.07. The firm had revenue of $19.62 billion during the quarter, compared to analysts’ expectations of $18.99 billion. Taiwan Semiconductor Manufacturing had a return on equity of 25.24% and a net margin of 38.80%. As a group, sell-side analysts expect that Taiwan Semiconductor Manufacturing Company Limited will post 6.15 EPS for the current year.

Taiwan Semiconductor Manufacturing Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 11th. Investors of record on Thursday, June 13th will be paid a dividend of $0.4408 per share. This represents a $1.76 annualized dividend and a yield of 1.33%. The ex-dividend date is Thursday, June 13th. Taiwan Semiconductor Manufacturing’s payout ratio is 33.20%.

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