Ninety One SA PTY Ltd Lowers Position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Ninety One SA PTY Ltd cut its holdings in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 5.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm 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 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in TSM. Morgan Stanley lifted its stake in Taiwan Semiconductor Manufacturing by 27.7% in the fourth quarter. Morgan Stanley now owns 32,513,567 shares of the semiconductor company’s stock worth $2,421,936,000 after acquiring an additional 7,045,899 shares during the period. Moneta Group Investment Advisors LLC raised its holdings in Taiwan Semiconductor Manufacturing by 108,945.8% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 5,471,916 shares of the semiconductor company’s stock worth $407,603,000 after purchasing an additional 5,466,898 shares in the last quarter. PineStone Asset Management Inc. raised its holdings in Taiwan Semiconductor Manufacturing by 330.5% in the third quarter. PineStone Asset Management Inc. now owns 4,802,924 shares of the semiconductor company’s stock worth $417,374,000 after purchasing an additional 3,687,249 shares in the last quarter. Van ECK Associates Corp raised its holdings in Taiwan Semiconductor Manufacturing by 29.6% in the third quarter. Van ECK Associates Corp now owns 14,795,582 shares of the semiconductor company’s stock worth $1,285,736,000 after purchasing an additional 3,381,514 shares in the last quarter. Finally, BlackRock Inc. raised its holdings in Taiwan Semiconductor Manufacturing by 24.5% in the first quarter. BlackRock Inc. now owns 12,047,759 shares of the semiconductor company’s stock worth $1,120,683,000 after purchasing an additional 2,373,242 shares in the last quarter. 16.51% of the stock is owned by hedge funds and other institutional investors.

Taiwan Semiconductor Manufacturing Stock Down 5.0 %

Shares of TSM traded down $6.90 during mid-day trading on Thursday, hitting $132.13. 33,692,389 shares of the company traded hands, compared to its average volume of 15,627,939. Taiwan Semiconductor Manufacturing Company Limited has a 1-year low of $81.21 and a 1-year high of $158.40. The company has a quick ratio of 2.13, a current ratio of 2.40 and a debt-to-equity ratio of 0.26. The company has a market capitalization of $685.28 billion, a PE ratio of 25.59, a price-to-earnings-growth ratio of 1.07 and a beta of 1.15. The business has a 50 day moving average of $136.64 and a 200 day moving average of $112.61.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last posted its quarterly earnings data on Thursday, January 18th. The semiconductor company reported $1.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.37 by $0.07. Taiwan Semiconductor Manufacturing had a net margin of 38.80% and a return on equity of 25.24%. The firm had revenue of $19.62 billion for the quarter, compared to the consensus estimate of $18.99 billion. Equities research analysts anticipate that Taiwan Semiconductor Manufacturing Company Limited will post 6.15 EPS for the current year.

Taiwan Semiconductor Manufacturing Cuts Dividend

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

Analysts Set New Price Targets

A number of brokerages have commented on TSM. StockNews.com upgraded shares of Taiwan Semiconductor Manufacturing from a “hold” rating to a “buy” rating in a report on Thursday, April 11th. Needham & Company LLC reiterated a “buy” rating and issued a $168.00 target price on shares of Taiwan Semiconductor Manufacturing in a report on Thursday. TD Cowen boosted their target price on shares of Taiwan Semiconductor Manufacturing from $100.00 to $130.00 and gave the stock a “hold” rating in a report on Thursday. Barclays boosted their target price on shares of Taiwan Semiconductor Manufacturing from $125.00 to $145.00 and gave the stock an “overweight” rating in a report on Tuesday, April 2nd. Finally, Susquehanna upped 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. 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 stock presently has an average rating of “Moderate Buy” and a consensus price target of $155.75.

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.