Greystone Financial Group LLC Has $1.79 Million Position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Greystone Financial Group LLC lowered its stake in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 1.4% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 10,296 shares of the semiconductor company’s stock after selling 142 shares during the period. Greystone Financial Group LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $1,790,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Sanders Capital LLC lifted its holdings in shares of Taiwan Semiconductor Manufacturing by 3.5% during the 4th quarter. Sanders Capital LLC now owns 44,527,327 shares of the semiconductor company’s stock valued at $4,630,842,000 after buying an additional 1,501,548 shares during the last quarter. Capital World Investors raised its holdings in shares of Taiwan Semiconductor Manufacturing by 1.7% during the 1st quarter. Capital World Investors now owns 42,061,083 shares of the semiconductor company’s stock valued at $5,722,410,000 after purchasing an additional 704,804 shares in the last quarter. Fisher Asset Management LLC lifted its stake in shares of Taiwan Semiconductor Manufacturing by 1.4% in the 4th quarter. Fisher Asset Management LLC now owns 31,060,369 shares of the semiconductor company’s stock valued at $3,230,279,000 after purchasing an additional 422,976 shares during the last quarter. Massachusetts Financial Services Co. MA increased its position in 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 worth $2,958,134,000 after buying an additional 1,649,279 shares during the last quarter. Finally, Capital International Investors raised its holdings in Taiwan Semiconductor Manufacturing by 40.2% during the first quarter. Capital International Investors now owns 19,695,714 shares of the semiconductor company’s stock valued at $2,679,602,000 after buying an additional 5,643,949 shares in the last quarter. 16.51% of the stock is currently owned by hedge funds and other institutional investors.

Taiwan Semiconductor Manufacturing Trading Down 4.2 %

TSM stock traded down $6.88 during trading on Friday, hitting $156.82. The company had a trading volume of 14,964,411 shares, compared to its average volume of 12,454,126. The firm has a 50-day moving average price of $169.79 and a 200-day moving average price of $155.09. The company has a quick ratio of 2.21, a current ratio of 2.47 and a debt-to-equity ratio of 0.26. The stock has a market cap of $813.33 billion, a price-to-earnings ratio of 29.88, a PEG ratio of 0.94 and a beta of 1.14. Taiwan Semiconductor Manufacturing Company Limited has a 12 month low of $84.01 and a 12 month high of $193.47.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last released its quarterly earnings data on Thursday, July 18th. The semiconductor company reported $1.48 earnings per share for the quarter, beating the consensus estimate of $1.37 by $0.11. Taiwan Semiconductor Manufacturing had a return on equity of 25.54% and a net margin of 37.85%. The business had revenue of $20.82 billion for the quarter, compared to analysts’ expectations of $20.33 billion. During the same quarter in the previous year, the business posted $1.14 EPS. Taiwan Semiconductor Manufacturing’s revenue for the quarter was up 34.6% on a year-over-year basis. As a group, analysts predict that Taiwan Semiconductor Manufacturing Company Limited will post 6.45 earnings per share for the current year.

Taiwan Semiconductor Manufacturing Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 9th. Investors of record on Thursday, December 12th will be given a $0.4871 dividend. The ex-dividend date is Thursday, December 12th. This represents a $1.95 dividend on an annualized basis and a yield of 1.24%. This is an increase from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. Taiwan Semiconductor Manufacturing’s dividend payout ratio (DPR) is 32.57%.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. Susquehanna reissued a “positive” rating and set a $250.00 price objective on shares of Taiwan Semiconductor Manufacturing in a report on Wednesday, August 14th. TD Cowen lifted their price target on shares of Taiwan Semiconductor Manufacturing from $130.00 to $170.00 and gave the company a “hold” rating in a research report on Thursday, July 18th. Needham & Company LLC raised their target price on shares of Taiwan Semiconductor Manufacturing from $168.00 to $210.00 and gave the company a “buy” rating in a research note on Monday, July 15th. Barclays upped their price target on shares of Taiwan Semiconductor Manufacturing from $150.00 to $170.00 and gave the company an “overweight” rating in a report on Wednesday, June 5th. Finally, Sanford C. Bernstein boosted their price objective on Taiwan Semiconductor Manufacturing from $150.00 to $200.00 and gave the stock an “outperform” rating in a research report on Thursday, June 20th. One analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $200.00.

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.