JARISLOWSKY FRASER Ltd Reduces Stock Holdings in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

JARISLOWSKY FRASER Ltd trimmed its position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSMFree Report) by 2.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 342,606 shares of the semiconductor company’s stock after selling 7,030 shares during the quarter. JARISLOWSKY FRASER Ltd’s holdings in Taiwan Semiconductor Manufacturing were worth $35,631,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in TSM. Johnson Financial Group Inc. purchased a new stake in Taiwan Semiconductor Manufacturing in the 4th quarter worth approximately $25,000. Financial Gravity Asset Management Inc. grew its holdings in Taiwan Semiconductor Manufacturing by 208.9% during the 3rd quarter. Financial Gravity Asset Management Inc. now owns 312 shares of the semiconductor company’s stock valued at $27,000 after buying an additional 211 shares in the last quarter. Sachetta LLC purchased a new stake in Taiwan Semiconductor Manufacturing during the 4th quarter valued at approximately $29,000. Farmers & Merchants Investments Inc. purchased a new stake in Taiwan Semiconductor Manufacturing during the 4th quarter valued at approximately $31,000. Finally, Creative Financial Designs Inc. ADV grew its holdings in Taiwan Semiconductor Manufacturing by 108.7% during the 4th quarter. Creative Financial Designs Inc. ADV now owns 311 shares of the semiconductor company’s stock valued at $32,000 after buying an additional 162 shares in the last quarter. 16.51% of the stock is owned by hedge funds and other institutional investors.

Taiwan Semiconductor Manufacturing Trading Up 1.9 %

NYSE:TSM traded up $2.91 during trading hours on Monday, hitting $160.00. The company had a trading volume of 11,908,200 shares, compared to its average volume of 15,002,098. The company has a current ratio of 2.39, a quick ratio of 2.13 and a debt-to-equity ratio of 0.27. The company has a 50-day moving average of $142.03 and a 200 day moving average of $123.03. The company has a market cap of $829.83 billion, a P/E ratio of 30.48, a P/E/G ratio of 1.15 and a beta of 1.13. Taiwan Semiconductor Manufacturing Company Limited has a 1 year low of $84.01 and a 1 year high of $160.78.

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

Taiwan Semiconductor Manufacturing Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 9th. Stockholders of record on Thursday, September 12th will be issued a dividend of $0.4865 per share. The ex-dividend date of this dividend is Thursday, September 12th. This is a boost from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.44. This represents a $1.95 dividend on an annualized basis and a dividend yield of 1.22%. Taiwan Semiconductor Manufacturing’s dividend payout ratio is currently 32.76%.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on TSM shares. Needham & Company LLC reaffirmed a “buy” rating and set a $168.00 price objective on shares of Taiwan Semiconductor Manufacturing in a report on Wednesday, May 22nd. StockNews.com raised shares of Taiwan Semiconductor Manufacturing from a “hold” rating to a “buy” rating in a report on Thursday, April 11th. Susquehanna raised their target price 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. Barclays raised their target price 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. Finally, TD Cowen raised their target price 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. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $157.00.

Read Our Latest Analysis on Taiwan Semiconductor Manufacturing

Taiwan Semiconductor Manufacturing Company Profile

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for Taiwan Semiconductor Manufacturing (NYSE:TSM)

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