Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) Shares Sold by Summit Financial LLC

Summit Financial LLC reduced its position in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 11.6% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 10,993 shares of the semiconductor company’s stock after selling 1,448 shares during the period. Summit Financial LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $1,502,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of TSM. Capital World Investors increased its position in Taiwan Semiconductor Manufacturing by 11.4% during the fourth quarter. Capital World Investors now owns 41,356,279 shares of the semiconductor company’s stock worth $4,301,178,000 after purchasing an additional 4,240,928 shares during the last quarter. Van ECK Associates Corp increased its position in shares of Taiwan Semiconductor Manufacturing by 29.6% during the third quarter. Van ECK Associates Corp now owns 14,795,582 shares of the semiconductor company’s stock valued at $1,285,736,000 after acquiring an additional 3,381,514 shares during the last quarter. Morgan Stanley increased its position in shares of Taiwan Semiconductor Manufacturing by 11.2% during the third quarter. Morgan Stanley now owns 23,804,180 shares of the semiconductor company’s stock valued at $2,068,583,000 after acquiring an additional 2,400,882 shares during the last quarter. Harding Loevner LP increased its position in shares of Taiwan Semiconductor Manufacturing by 20.9% during the fourth quarter. Harding Loevner LP now owns 11,616,715 shares of the semiconductor company’s stock valued at $1,222,768,000 after acquiring an additional 2,008,043 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA increased its position in shares of Taiwan Semiconductor Manufacturing by 6.2% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 28,443,595 shares of the semiconductor company’s stock valued at $2,958,134,000 after acquiring an additional 1,649,279 shares during the last quarter. 16.51% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

TSM has been the subject of a number of recent analyst reports. StockNews.com upgraded shares of Taiwan Semiconductor Manufacturing from a “hold” rating to a “buy” rating in a research report on Thursday, April 11th. Needham & Company LLC reiterated a “buy” rating and set a $168.00 price target on shares of Taiwan Semiconductor Manufacturing in a research report on Wednesday. TD Cowen lifted their price objective on shares of Taiwan Semiconductor Manufacturing from $100.00 to $130.00 and gave the company a “hold” rating in a report on Thursday, April 18th. Susquehanna lifted their price objective on shares of Taiwan Semiconductor Manufacturing from $160.00 to $180.00 and gave the company a “positive” rating in a report on Tuesday, April 2nd. Finally, Barclays lifted their price objective on shares of Taiwan Semiconductor Manufacturing from $145.00 to $150.00 and gave the company an “overweight” rating in a report on Friday, April 19th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, Taiwan Semiconductor Manufacturing has a consensus rating of “Moderate Buy” and an average price target of $157.00.

Taiwan Semiconductor Manufacturing Stock Up 0.6 %

Taiwan Semiconductor Manufacturing stock traded up $0.93 during trading on Thursday, reaching $157.08. The stock had a trading volume of 20,859,055 shares, compared to its average volume of 15,032,775. Taiwan Semiconductor Manufacturing Company Limited has a 52-week low of $84.01 and a 52-week high of $160.78. The business has a 50 day moving average price of $141.58 and a 200 day moving average price of $122.14. The company has a quick ratio of 2.13, a current ratio of 2.39 and a debt-to-equity ratio of 0.27. The stock has a market cap of $814.68 billion, a PE ratio of 29.92, a P/E/G ratio of 1.10 and a beta of 1.13.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last issued its quarterly earnings results on Thursday, April 18th. The semiconductor company reported $1.38 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.29 by $0.09. Taiwan Semiconductor Manufacturing had a net margin of 38.15% and a return on equity of 24.75%. The company had revenue of $18.87 billion during the quarter, compared to the consensus estimate of $18.38 billion. On average, analysts predict that Taiwan Semiconductor Manufacturing Company Limited will post 6.13 EPS for the current year.

Taiwan Semiconductor Manufacturing Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 9th. Stockholders of record on Thursday, September 12th will be given a dividend of $0.4865 per share. This represents a $1.95 annualized dividend and a dividend yield of 1.24%. The ex-dividend date is Thursday, September 12th. This is an increase from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.44. Taiwan Semiconductor Manufacturing’s payout ratio is currently 33.52%.

Taiwan Semiconductor Manufacturing 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.