Van ECK Associates Corp Decreases Stake in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Van ECK Associates Corp trimmed its holdings in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 23.2% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 11,355,683 shares of the semiconductor company’s stock after selling 3,439,899 shares during the quarter. Taiwan Semiconductor Manufacturing comprises about 2.1% of Van ECK Associates Corp’s holdings, making the stock its 5th biggest holding. Van ECK Associates Corp’s holdings in Taiwan Semiconductor Manufacturing were worth $1,180,991,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Congress Wealth Management LLC DE increased its position in Taiwan Semiconductor Manufacturing by 2.2% in the third quarter. Congress Wealth Management LLC DE now owns 30,905 shares of the semiconductor company’s stock worth $2,686,000 after purchasing an additional 671 shares during the period. CapWealth Advisors LLC lifted its holdings in Taiwan Semiconductor Manufacturing by 21.1% in the fourth quarter. CapWealth Advisors LLC now owns 122,310 shares of the semiconductor company’s stock valued at $12,720,000 after buying an additional 21,329 shares during the period. Verus Capital Partners LLC boosted its stake in Taiwan Semiconductor Manufacturing by 53.6% in the third quarter. Verus Capital Partners LLC now owns 3,206 shares of the semiconductor company’s stock valued at $279,000 after acquiring an additional 1,119 shares during the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management grew its holdings in Taiwan Semiconductor Manufacturing by 99.3% during the 3rd quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 5,087 shares of the semiconductor company’s stock worth $442,000 after acquiring an additional 2,534 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Taiwan Semiconductor Manufacturing by 23.9% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 13,811 shares of the semiconductor company’s stock valued at $1,200,000 after acquiring an additional 2,663 shares during the last quarter. Institutional investors and hedge funds own 16.51% of the company’s stock.

Taiwan Semiconductor Manufacturing Trading Up 0.2 %

Shares of Taiwan Semiconductor Manufacturing stock traded up $0.23 during trading hours on Monday, hitting $138.53. The company’s stock had a trading volume of 10,019,548 shares, compared to its average volume of 15,741,528. Taiwan Semiconductor Manufacturing Company Limited has a 12 month low of $82.44 and a 12 month high of $158.40. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.33 and a quick ratio of 2.06. The company has a market capitalization of $718.47 billion, a PE ratio of 26.11, a price-to-earnings-growth ratio of 0.99 and a beta of 1.15. The stock has a 50 day moving average of $137.06 and a 200 day moving average of $114.97.

Taiwan Semiconductor Manufacturing Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 11th. Shareholders of record on Thursday, June 13th will be issued a dividend of $0.4408 per share. The ex-dividend date of this dividend is Thursday, June 13th. This represents a $1.76 annualized dividend and a yield of 1.27%. Taiwan Semiconductor Manufacturing’s dividend payout ratio (DPR) is currently 33.52%.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the company. TD Cowen raised their price target on Taiwan Semiconductor Manufacturing from $100.00 to $130.00 and gave the stock a “hold” rating in a research report on Thursday, April 18th. Needham & Company LLC restated a “buy” rating and set a $168.00 target price on shares of Taiwan Semiconductor Manufacturing in a report on Thursday, April 18th. Susquehanna upped their price target on Taiwan Semiconductor Manufacturing from $160.00 to $180.00 and gave the company a “positive” rating in a research note on Tuesday, April 2nd. Barclays increased their price target on shares of Taiwan Semiconductor Manufacturing from $145.00 to $150.00 and gave the company an “overweight” rating in a research report on Friday, April 19th. Finally, StockNews.com upgraded shares of Taiwan Semiconductor Manufacturing from a “hold” rating to a “buy” rating in a report on Thursday, April 11th. One investment analyst has rated the stock with a hold rating and four have given 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 $157.00.

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.